Day trading course S&P500 day trading targets

Day trading course S&P500 day trading tips looking at the S&P500 emini futures contract targets.

WE will hit a bit of resistnace around 1302 and see some consolidation before a break to 1305.75 on the 200MA.

If this rally continues with some increasing volume day traders could take this to 1313.75 and then next resistance of 1318.75.

The inverted head and shoulders could play out to 1330 where we will hit resistance and then a target of 1342 as the previous swing high.  As mentioned on the monthly chart previously if we take out the 1365 area.

Day trading targets in green with support in Red.

Buyers are in as we are above the POINT OF CONTROL at 1297.50.

Dollar is getting creamed on this one as Europe is controlling their Money supply with Interest rate hikes.  The shine of the Dollar is wearing off.

This Bearish trend line has quite a bit of momentum to it.

We broke the 77.50 support retested many times and have a continuation off of 76.50.

Support came in at 75.50  but we have a reversal bar showing that the bearish day traders sold off yesterday’s gains.

If we close below yesterday’s low of 75.60 we could see a partial retrace to 76.00 area then a sell shadow on the move to the next low of 73.50.

This will be bad news for those that didn’t get a full tank this week.  Looking for a push to new highs as we have continued weakness in the Dollar.

Watching also for new highs in Gold, Silver and a retracement on wheat.