Consolidation in the S&P500 emini futures as a major support has been reached.

 

Watch the bounce this am off support and could see some price failure then a move up. Depending on what occurs with the dollar index and Europe we could see a bit of a break on this move down.

Here is a chart of the repeating patterns on the S&P500 emini futures. Take note of the entry on June 1 2011 and the same pattern starting May 1 2012. Consolidation to the 1311 to 1333 range with probably a bounce off of the 1300 “Psychological Support” This will match the previous break down pattern exhibited last year. Just a month off.

Trade what you see and never listen to the so called experts. If you can’t see the direction of the market and don’t understand how to use a stop, then don’t trade. Never take stock tips, and if it is on the TV as a hot pick, it is too late.

Day trading course focusing on the S&P500 emini futures support and resistance and efficient market hypothesis which states that stock market prices are essentially unpredictable. Be responsible for your trades, do your own work and never rely on others. When searching for a Day trading course, be sure you understand the risks involved in trading.

Day trading course looks at price and direction, the support and resistance and the direction of the market.

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The S&P500 emini futures is one of the largest professionally day traded markets in the world. Our Day trading course focuses on training you on how to see price and direction in the marketplace and how to leverage your strengths to take a profit out of the market.

Disclaimer: day trading is high risk, do your own work : The efficacy of both technical analysis and fundamental analysis is disputed by efficient market hypothesis which states that stock market prices are essentially unpredictable. Be responsible for your trades, do your own work and never rely on others. When searching for a Day trading course, be sure you understand the risks involved in day trading.