Point of Control is 1232.50 as sellers engulfed the previous buyers move up off of support at 1230. Watching for a move off of 1229 to 1235 and then a continuation to previous highs for the weekend. Don’t forget about the invisible hand.
S&P500 day trading course Point of control has not changed since yesterday as we enter pre market before the FOMC meeting on Tuesday. We had a reversal bar on the last 4 hour bar and looking for support here with a 50% retracement and then a possible reversal to stall around the previous high.
S&P500 eminin futures, it will be a consolidated area to trade this next week as most investors will be in the “let it ride” cycle of the year.
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