Learn to trade S&P 500 emini futures May 12 live trade room
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Our open today was 912.50, a 12.5 point drop from our Friday close. We had a quick run to our low of 905.75 right after open today, and from there we began a long day of what reminds me of the game Pong. (anyone remember it?) Bouncing around in a 5 point channel between 909.50 and 914.50. We did sneak out a few times, but each time managed to find ourselves back in the fence.
Today’s high came to us in the 11:17 minute @ 916.50, a far cry from the 925.00 we had to achieve to close the gap from Friday. Our close today did make it out of our channel as we managed to break through support with an aggressive sell in the end of the day. We touched our 905.75 low, then closed our day at 907.25. Watch for Point of Control tomorrow @ 909.75. Interesting thing today, down trend from Fri 3:00 held strong. Does that mean anything? Guess we’ll find out soon enough.
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