Day trading course SP500 Day trading tips price action Low volume Monday, Day traders are stepping aside and the market is floating up.

Day trading couse S&P500 day trading tips

The point of control for the day is coming in at 1343.25 where price is bouncing on the 200MA.

Looking at a Consolidation zone from 1339-45 and buyers are testing to the upside but not breaking out of this zone.

First resistance is 1349, 1355.75 then 1361 with an extreme high at 1374.25.

Expecting a low volume Monday with a test down to support.

1st support coming in at the 50MA around 1339 then 1334.75 previous swing low  and then further support at 1325 then 1320.

We do have a inverted Head and shoulders forming and a Higher low that could give us our upside target of 1374 during this week.

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