Day trading course Market consolidation will lead to a test of the support around 1373-76 as bulls are searching for footing on this slippery slope. Looking for a close around 1400 today. The S&P500 has been in a consolidated range fishing traders stops for the past 6 weeks, with very little room on the…
Head and shoulders formation on S&P500 emini futures into the weekend. A Head and Shoulders Formation is appearing with our initial target of 1368.50 on the S&P500 emini futures. This is the pattern discussed Tuesday as we are watching for sellers to move in at these levels. If buyers commit to the move from…
DayTrading Course-S&P500 3rd Lightest Volume, Close Higher The S&P500 emini futures moved up on 3rd lightest volume for 2012, today. On 1.2 million volume, the S&P500 GAP from Friday’s Close of 1340.25 to 1347.25. It closed most of the Gap down to support of 1342. Then closed slightly higher at 1349.50. First Level of Resistence…
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