Day Trading Course, S&P 500 Price moves into consolidation and the market moves into another position for a critical decision in direction.

Day trading course focusing on the S&P500 emini futures support and resistance and Day trading course  looks at price and direction, the support and resistance and the direction of the market.

Price is sitting on the point of control in the market, can’t tell if the buyers or sellers are moving into to establish direction in the market place. At this point, not expecting any serious gaps in the market. We shall see after Europe opens, dependent on what kind of commitment the market has to the “New Austerity policing commission” has for enforcing the measures on Greece, Ireland, Italy, Portugal and soon to be mired in debt Spain. Should be interesting to see how much it is going to cost their economies to enforce this new economic police state….Germans going to do it? Flashbacks could be huge…

The S&P500 emini futures have shown some resilience bouncing back to these levels but is hitting resistance on the move up at 1262.75 with the point of control at 1252.50. The after hours market is quite slim on the Asian opening and Europe will give us the first signs of direction. Next are of resistance is 1274.50 and the n 1291.50. Anything above her and we could see another test up to 1340’s and even 1360. Is this the Christmas rally wall street is hoping for, how is will little Jimmy be able to afford a new boat or trip to Europe? Looks like it could be short lived.

If not Support will coming in initially at 1247.25 then 12347.25 and next at 1206-09 as we approach the 50 MA. If we can break through these levels the next support will come in at 1180, then 1154, the previous swing low. Looking for a major swing low of 1112 if there is a major sell off and then to the previouso lows of 1065.

Watch out as the dollar index is also in a period of consolidation and a move to the upside will send this market straight down. The dollar index has some support at these levels and if it looses grounds here and moves down the equities market will get the continuation to new short term highs and break through this resistance.

Check the futures market pre open for the gaps and remember to do your own work. Never listen to anyone. Trading is your responsibility and relying on others to do your work can be quite expensive.

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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 trading.