S&P500 day trading course price action S&P500 emini futures.  Point of control for today was 1173.  Seems the bulls were in control as good new from Citi profits come over the wire.  Gold also crossed the 1372 mark.

S&P500 day trading course price action

1182.25 held today as resistance is tested for the third time.  Watching for this to make a break for 1192 then the big Psychological Obama victory of 1200.  The champagne glasses will be ringing when this is broken.

Support coming in at 1178 and 1173.50 below this we have  the 200ma where we have a confirmation on direction with the 200 ema crossing.  Will have to break through 1160 to get to the weekly point of control at 1156.