Day trading education – is it safe yet? Day traders are standing on the side wondering if the markets are going to turn at these levels of support. The over all question is , “is it safe to get in yet?”
The S&P500 emini future is showing support after it’s five previous days down and a test to 1340.
Day trading Education – looking for major patterns on the S&P500 emini futures. If we are seeing support at 1345 with a test to 1340 we could have an inverse Head and Shoulders forming. There are two scenarios that could easily play out. A move to 1375-81 where the move fails and it becomes then a continuation to the down side, or the other scenario with an extension of the move to close the open GAP at 1400.
Watching for this to close today under the 1365 support
The open Gap could be the initial target, If this forms a spike, luring investors in then we might have enough money on the table for a sell off.
At present price levels between 1345 and 1355, it shows up mostly as price failure on he longer term charts with overnight price structure as a consideration. 1365 would be the point of control for the move up.
The Markets seem like they decided to “just take a break this AM” as JPM courageously said they have made a mistake. Their 2 billion in initial losses will be unwinding a position that is going against them and their “hedge” is worthless. So it seems reasonable to say that the after math of this will be obvious only after JPM unwinds this position into a very weak bid….who would buy it? Oh yeah, the FED. The case might be that they are too big to fail and it is time for the Government to manage another large company.
Day trading education – 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 education 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 education looks at price and direction, the support and resistance and the direction of the market.
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The S&P500 emini futures is one of the largest professionally day traded markets in the world. Our Day trading education 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 education and 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.