Day trading course – stocks headed higher from the gap down this morning looking for a move up for Friday trading.

The S&P500 emini futures market was selling

we have a point of control of 1272.25 and initially the sellers controlled direction.  Sellers had direction for the opening and after the dip down to 1260 area of support buyers stepped in and drove the market up.

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

There is a lot of price failure to the downside as sellers keep testing but can’t keep the price down.  Major support at the previous gap and of course resistance keeping us in a 14 point range.

What will the news be that gets direction out of this zone. The 200 ma is leveling out, the 50ma is converging.  It is not out of the question to get another test to the 50Ma with the sellers in control to give this enough room to get the momentum to break through 1292 to 1303. Lot of resistance here and will take a commitment on the buyers part to push through here.

Watch out for more news to hit this coming week on Greece and Spain.  French banks are probably going to run into liquidity concerns and the rest of Europe will be pulling out some cash so if there is a run on banks, they will be able to make it a few days.

Day trading course will be in your area soon, join us for Day trading education.

We normally have a Montreal Day trading course, a Calgary Day trading course, and a New Smyrna Beach Day trading course.

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.

Day trading course – stocks continue to the upside after initial sell pressure and close higher on the day, looking for a continuation to previous highs on Friday.

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 trading.