Day Trading Course – S&P500 Touched New High – Sold Off at previous day’s low.

 After a Strong open and posting an higher high since July 2011 of 1355.87 on the SP500.  The sellers came in and took control and took all the way down to the low of the 14th at 1340.83.  This low was bought by the buyers up to 1354.72 within 35mins.  Today close on SP500 was 1343.23

We could hold since there was some strength in the move on the 14th after price failure at 1337.75 on the EMINI Futures,which most DayTrading is calculated. If we do test the highs then the 1st Resistance will be 1351.50.  Then the next Resistance should be 1353.00 then the high of 1357.50 which the buyers could not push through and Sellers took control.

But it would be fair to say since the Sellers were in such strong force today we will most likly see a few more support levels touched and tested.  The first is the low of today on the SP Emini of 1347.50 to 1346.00.  The next support level is 1342.75 to 1340.00.  Low of the 14th (under the Gap of the 13th) of 1337.75.

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.