S&P500 day trading course.  Support and resistance for April 20 with the Gap.

S&P500 day trading course trading chart

GAP is 1190.75

POC is 1197.50 for the direction

13 point range during trading hours

Gap up.

News of financials being indicted could take this down.

Watch for news breaking around 11:30, 1:30 as well as normal market settings.

Manage your risk on these trades and lock in profit.

Nice sell shadow on lower time frames leading into the 10:30 setting.  Continuation trade also nicely triggered with minimal risk exposure on short term entry.

S&P500 day trading course april 20 daily chart

Daily chart is showing some support on the small retracement from Goldman Sachs fraud charges.

Price retreated to 1196 giving a bout 50% move up.  if we go back to 1210-1212 area then I would be looking for the continuation to 1230.

If we fail or consolidate in this area, then one more test of the 1205 Zone and roll over to a possible of 1160-63 by end of week.

News will be adding volatility this week so hold on and be sure to manage your risk at all times.  Would be nice to see another sell off and retest of the 1030 area.