Testing below the point of control at 904.25
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S&P500 day trading course daily top 3-18. S&P500 day trading course, rarely seen 15 days up. The S&P500 emini futures contract has reached a decision point. We have been in a bullish rally for almost a month with no real retracement in price action. Seeing 15 green candles in a row is rare.
S&P500 day trading course – Buyers could hold on to this direction if they break through the previous swing highs and move to 1298-1303 resistance areas. If we continue in this direction we could see 1348 by mid Feb. Dependant on just how much the fed is going to prop this up.
Day trading course, we are looking for a re test of the previous high around 1073.75 to 75.50. If we can’t push through the resistance we might consolidate here. If we loose commitment on the move up and have made the test on the highs we could have a double top in and would be looking for this to turn and retrace to support under the 987 area.
S&P 500 Emini Futures opened trading at 906.75 just 1 point down from yesterday’s close.
S&P 500 Emini Futures Day Trading THE GAP
S&P Emini 500 Futures gapped up 2.50 points at the opening bell, then surged up into a new high for the year, 1117.00.
Looking for this to go to 730 and if we clear the gap at 750 a possibility of a break to new lows in to the close.
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