Watching for a break down from here. Probably occur on Friday. Who would want to hold in to the weekend.
No good news around the corner.
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Day trading course 2012 bulls setting the stage for sentiment as the year opens above major resistance. Day traders have joyously opened and rallied the market above the resistant trend line that formed a previous pennant. This gap up has “sparked the sentiment of change that is in the marketplace. 2012 will hold many “surprises”…
S&P500 day trading course looking at the Bull flags and the continuation to the upside.When looking for the bull flag in a bullish channel you are looking for a push up.
Day trading course consolidated range on S&P500 emini futures contract. Day traders are in a consolidated range with no commitment on either buyer or seller side.
The S&P 500 emini futures are still being held between the two points of control for the intraday trading charts. We are looking for a bit more volume to take us out of the narrow range trading channel.
Unemployment news will be out at 8:30 and at 10:00 we have industrial orders. It seems we are in a mid term rally that is stalling out. I was looking for highs around 765 but it seems that the resistance (Ceiling) is close to being set.
Thursday April 23 2009 S&P 500 Gap
Wednesday close 840.50
POC 849.75
Monthly Trading Plan S&P500 on a Financial precipice seeing direction on a monthly trading chart. Trading plan, take a look at what happened when these monthly moving averages crossed. March 30, 2001 we have a cross with divergence showing us a 600 point sell off from highs. December 31, 2003 Bullish cross with a 700…
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