S&P500 day trading course daily chart

S&P500 day trading course open gap and targets

S&P500 day trading course, we are looking at open gaps and a possible break out to new levels on the daily chart.

S&P500 day trading course daily chart
S&P500 day trading course daily chart

Open Gaps  1154, 1109

Point of Control for today 1160

Upside targets (resistance) 1168, 1175, 1182.25

Downside targets 1160, 1159.25, 1149.50

Still looking for the lower high pattern to form with some doming as we have price failure on the move up.  Would be a good sign for a continuation down if we close around 1157 today.

We are moving up with decreasing volume again.  Buyer commitment in supporting this market is weak.  If we have a small ranging body in this pattern, we could see a break of the 1142.50 support this week.

200MA is around 1094 for the extreme low resistance.

New to Money Maker Edge? Start here.

Everything on this blog comes from one method: defined risk, a written plan, and live trading with a group. Learn it in three days, then trade it every market day.

The 3-day day trading course  ·  The live trading room  ·  Day trading psychology  ·  Call 866-640-3737

Similar Posts

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.