Fiscal Cliff creates opportunities for Day traders that understand price action. Hello Day traders and Happy Holidays for all of you! This week, I made 4 targets for both side cause of Holidays. I like the big drop till ~1424.00 on Friday.This way it shows me that the Market respects the supporting trend line. Few thing to…
Day trading – Buyers are weak in morning trading Sellers exhausting as S&P500 emini futures hitting support as earnings are revealing a weaker business economoy. The S&P500 emini futures contract hit support this morning at 1424.25 and price has been moving in a consolidated range from 1424 to 1430. A 6 point range on light…
Monday Morning – S&P500 emini futures opens weak with no commitment on either side of the market. Buyers didn’t show up for this overnight session on the emini and sellers consolidated the market down to support at 1448. The S&P500 emini future is consolidating in a narrow range from 1448 to 1452. No news until…
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