Day trading course Before the bell price action day trading tips for the S&P500 emini futures.  We ran down to support and the market has a chance to rally into the close or consolidate at these levels.

day trading tips before the bell price action

support is at 1320 and 1310 the Point of control is 1326.

Sellers moved in and brought the market down in the lunch hourwith 650,000 contracts traded in the 3 hours before the close.  Market volume is quite low with most traders gone for the weekend.

Could see some closing out of positions going into the weekend as there is a bit more volatility in Saudia Arabia and disturbing news coming out of Libya.

The point of control today gave some support and could be acting as a headfake to the support at 1319-20.  Watch yourself here in to the close as it might seem like a good place to reverse.

Next week we are looking for test to new highs.  Wait for the turn on a longer term chart on this move down.   Remember, we dont know if it is oversold until it turns……