Tuesday, May 3, 2011

Day trading course price action and Point of control

Day trading course price action and Point of control [caption id="attachment_3723" align="alignleft" width="300" caption="Day trading course short term targets"]Day trading course short term targets[/caption] Point of control is 1355.25. Seems that we are in a mid term double top and a consolidation zone.  Looking for a 4-7 point channel bouncing out stops. 1350-57 with lots of head fakes through the  lunch session. Support coming in 1350, 1349.25 Resistance 1355-1357. then next move to 1362.    

S&P 500 day trading course
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  1. TradingMay 18, 2011 at 12:23 AM

    Hello,

    Day trading course price action on the S&P500 emini futures NY open. Overnight prices moved to test the 1037.50 area of support, while finding support price has turned and is moving back to test the 1046 area of resistance.Today’s price action could see price test the 1048 area of support with 1050 and 1054 to follow with the buys controlling the day.

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