S&P 500 Day Trading Daily Chart April 9, 2009
The close for S&P E-mini for Thursday April 9, 2009
854.00
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S&P 500 day trading course emini futures live room april 9
Today we had a bit of movement when we approached 800 before the market opened. Tonight in the Afterhours we are tesing some highs, 830-835 ish, we have a good bit of resistance up there so it would not suprise me if we close in to this range. Breaking above 850 will be difficult.
We are entering into a three day weekend with no trading on Friday. Markets are closed, so again we ask ourselves who is rushing in to buy over this three day weekend.
Could have a few short term rallies and retracements. Cover your postions well.
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S&P 500 day trading course April 8 live room
Looking for the S&P 500 to consolidate until after the fed report at 2:15. We almost closed the gap as mentioned in last evenings video. We still have quite a bit of room down but could be looking at some support at the 800 level. Lots of psychological support here. If we break through here we could see the next open gap closed at 775 range.
More volitility could enter the market after 2:00 watch out for the break outs out of low volume consolidation.