Day trading course looking at Gold, Treasury and the S&P500 emini futures.

Gold trading and price movement. First point to be clear on is that Gold is a measure of Volatility in the markets. It is not the Risk on, Risk off trade that you hear on investors news channels. Golds price structure is very dependent on the volatility in markets and will see velocity in price movement as volatile news hits the market. For instance, the collapse of the Euro, when the price of the Euro for the US dollar started this move down we did not see the price of gold move up, instead we saw dollar strength moving Gold prices down. It is when Dollar’s normally hit a high against the Euro and there is volatile news, that we will see the inverse relationship between gold and US dollar index separate.

Gold futures has support at 1530 with three attempts at support and recently price failure on the move to break 1530.  Today’s move on gold sets in a higher low with support coming in off of 1550 for the break of resistance an our previous floor at 1620 becoming the Ceiling.  Watch for this to be broken into the close with a target price of 1625-1630.  This will be kissing the resistant trend line on the mid term Bearish pattern.  For the buyers to take control this will have to be above 1650 with  a move getting through resistance at 1676-80.

The Bond Market has also seen buying into this risk off scenario where Europeans are fleeing the Euro.

Italians are heading to Switzerland and Greeks to Malta.  This risk off trade is flooding the dollar index and US Bond market with new Capital.

Previous Highs at 148’12 is where the traders saw the Ceiling and were looking for a pull back after the dramatic rise in bond prices.  But this week saw a major move to safety and the Bull flag.

The Real price on the Daily bonds chart shows buyers in control with Volatility to the upside.

Monday watch for some consolidation and the possibility of a pull back from these highs.  If the news out of Spain, Greece, Germany and the price action in the Asian markets pushes futures down, look for continued buying and more Risk off trades.

Day trading the S&P500 emini futures – Volatile reactionary move to Euro and the move to safety out of equities to bonds.

Day traders and institutions were in a “have to sell” position as a flight to safety or risk off trade continued for a third day. Support came in at the 200 Day Moving average (200MA) which is seen in Red. This is the overnight’s Chart in the market so the perspective is slightly different from investors and news watchers. There will be a gap open at 1306.75 which could be a later test up and a continuation to the downside. 1275.75 was the initial support for this 29 point sell into the weekend. If this is the bottom of the move down (unlikely) we can look for 30-40 point consolidated range for then next few weeks as Europe brings in more easing to take care of the Banker’s pain.

Previously, a consolidated range from 1261 to 1306.75 is where price chopped around for 7 months before the break down. We might not see this range for 7 months but could see it through part of this summer. June 1 st most traders are looking for the seasonal bounce that sometimes occurs after the liquidation of accounts into May. Seems like this bounce could take a few weeks more. We shall see.

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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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.

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.