This weak rally continues up. We are headed into a congestion zone where we can meet quite a bit of resistance.
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S&P Emini 500 Futures gapped down 4.00 points only to fill by 11:00 a.m.
S&P 500 Emini Day Trading Gap Wednesday May 6, 2009 S&P 500 Emini Day Trading Gap Wednesday May 6, 2009 S&P 500 Emini futures filled the gap in the first 45 minutes of trading Tuesday, and the gap fill was the high for the day at 904.25. Futures traded down the remainder of the day…
S&P500 day trading course price action It looks like we are getting in a tighter range. If we see price failure we could be setting up to test the supporting trend line at 1310 and even a retest of the 1300 area.
S&P 500 day trading course, we are staying in this very defined consolidation between 8656 and 884. If we get another move up into 884 with a failure and decreasing volume, unless the invisible hand steps in (GS) then we can look for further tests on the lows this week. There is a bit of support and the retracement is quite shallow.
S&P Emini 500 Futures gapped down 9.75 points Friday after huge volume in pre market trading.
S&P500 day trading course, US Retail Sales jumped more than expected, the third gain in four months. China increased reserve requirements for the second time in a month as loan growth continued to accelerate. After Fannie and Freddie announced that they will be buying delinquent loans, spreads between FN and FG MBS and the 10yr treasury bond are the tightest levels in 17 years.
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