Day trading course - retraction

[caption id="attachment_4458" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. Retraction with a downward move to form a bearish channel to test support at 1183. On upward with buyer pressure to test resistance at top trendline of the bearish trend. Now indecision between 1186.75 and 1188.75. If resistance at 1188.75 breaks through next target is at top trendline. Next target is 1192.75. The next target would be resistance at the former support trendline to 1203. If sellers come in and break through support at 1186.75, next target 1183 and on down to bottom trendline. If support gives way next target is 1179. Trade What You See

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Day trading course

[caption id="attachment_4453" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. Buyers came in and created a big gap from 1157.25 to 1172 and has been bullish since. At 1196 cosolidation with a subsequent move down with pressure from the sellers. If the support at 1180 gives way sellers will be trying to test the support levels at 1176.25 and 1170.50, onto looking at trying to close the gap. If support levels are strong and buyers pressure comes in, first resistance is at 1188.75 and on its way is the next level at 1196. Buyers could push to test resistance at top trendline of the bullish movement. Trade What You See

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Day trading course - bear trend continues

[caption id="attachment_4447" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. As we enter the Thanksgiving holiday the bear trend has continued its downward path with a pierce and test of the  support at the bottom trendline. Look for light volume with consolidation in the 1167 to 1178 range. When the market picks up buyers could take price up to test the resistance at the upper trendline with the next target area at 1192.25. If the bear trend continues he first target is 1168 and on down to test the support with a target at 1158.75 and then onto the support at the bottom trendline of the bearish channel. Trade What You See Happy Thanksgiving

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Day trading course -

[caption id="attachment_4441" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. Sellers have price traveling down a bearish channel with a touch and test of support at the bottom trendline around 1180.50. Buyers came into drive price up to test resistance at the upper trendline. There is now indecision with some testing of support in the area of 1191.25. If support gives way at 1191.25 next target is 1185.25. If support gives way next target is 1180.50 and on down to test support at bottom trendline. If support holds at 1191.25 first target is the top trenline of the bearish channel and onto 1200. If price breaks through resistance at this level the next target is 1209 and then will try to fill in the gap onto outer target at 1217. Trade What You See

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Day trading course- Market at major decision point

Day trading course - The S&P 500, DJ transports and a few other indexes are lookig at a major decision point in the Market.

Greece is gradually being ignored because of the size and turmoil we are seeing in the European banking community over Italy.  Spain is also in the line up for a drubbing as they realize that the basis for real estate loans is whether you have money or contacts.  The appraisal system is almost non existent.  China also is being quite as today we have learned that their mythical reserves are exactly that " a myth" and won't be issuing money to the EU or the IMF to bail out Italy and Greece.  The European central bank could be warming up the printing presses as Italy agrees but does not commit to taking any actions.  Just a reminder, it took Greece almost a year to impose their Austerity measures on the country and their opinion now is that it is too late, so the hair cutting party could be on.

Day Trading Course focuses on key support and resistnace levels and teaches how to see the direction in the market to make profits.

The S&P500 emini futures has tested the 200 Moving Average (in red) on the daily chart three times.  The buyers pushed up three times to break this high but instead were loosing momentum on each try.  Sort of like Greece.  We are gradually headed to the supporting long term trend line where will start to see support coming in around 1205-7 and 1214. Presently the 50MA [...]

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Day trading course -

[caption id="attachment_4370" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. In the last couple of days there was a rally up to 1275.50 with price holding in that resistance zone. A subsequent move down to test support at bottom trendline. a retraction to present price levels with another pennant forming due to indecision, ranging between support at 1236.75 and resistance at 1239.25. If buyers come in next target is the top line of forming pennant onto the 1248.25 - 1251.25 zone . Outer targets are 1267 onto 1275. If sellers push price down target is 1236.75. If support gives way, next target is 1224.75 and down onto bottom trendline of the long term channel at 1218.75. Trade What You See

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Day trading course - Europe looking to blow?

Day Trading Course, S&P 500 looks like the Europeans have this market on hold- learn how to day trade.

As Europe holds on and the market is pausing.  The  consolidation on these price levels has the market stalled.  The bankers want this to stay here until the holidays are over.  What will the market do here?

Day trading courselooks at price and direction, the support and resistance and the direction of the market.

1254 was the point of control on this move today and we manged to close very close to it.  The futures market is showing buyers moving above to test the highs of the day and might take this to the next area of resistance in the after hours.  Watch for a test to 1263 and return to these price levels in the early morning trading hours. Support on the S&P500 emini futures came in at 1236 then 1242 with 1250 the line in the close to test.  Sellers could not hold resistance at these levels after very short term consolidation the buyers moved in. There will be support at the 1248-52 area and we could see more consolidation.

Day trading coursewill be in your area soon, join us for Day trading

education. The S&P500 emini futures is one of the largest professionally day traded markets in the world. Our Day trading coursefocuses [...]

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Day trading course - pennant

[caption id="attachment_4338" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room.

In the AM bulls came in to drive price up to resistance at 1256. Bears took over to drive price down to test support at 1236.50. Right now there is indecision in the market. If the buyers come back the 1st target is 1250, if resistance breaks through next target is 1254.50 and the outer target is the upper trendline of the forming pennant.

If the sellers come back 1st target is 1243.50, if that support level breaks through next target is 1236.50 then onto the next target at 1232.25. If the support gives way the outer target is the bottom trendline of the forming pennant.

Trade What You See

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Day trading course -

Trading the S&P500 emini futures contract in the S&P500 day trading course live room. [caption id="attachment_4312" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] The support at the bottom of the channel has become the new resistance level with a triple top to test the resistance. Price has been ranging from 1237 resistance to the lowest support at 1213.50. Now testing the resistance again with a pierce and retraction to a possiible price failure at 1233.75 target entry if confirmed. If buyers keep the rally going the next target is 1241. If resistance gives way at that level the next target  is going to be 1248. If the sellers come in to reverse the current trend the first target is 1230.25, the 2nd target 1226, next target area of support 1222, 1217 and onto 1213.50. Trade What You See

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Day trading course Day traders course

Day trading course in the S&P500 emini futures learn how to trade, manage exposure and take risk.

The S&P500 emini stalled on its 2 day move down to the present levels just above yesterday's point of Control.  Day traders had low buying volume with an abscence of sellers.  Ending the day in indecision with no price direction.  This could be a stall before an attempt to rally back.  We shall see. We are still in a long term bearish channel off of previous weekly swing highs with a a move up to test resistance around 1290, as mentioned before the rally with the Greeks agreeing to agree to have some austerity measures followed by the call for a referendum post agreement has moved this sell off down pretty quickly.

Day trading this price action on the way up was almost a capitulatory bullish investor volume on the buy side with price failure and reversal above the 200 MA (red ma).

The resistant trend line (bearish) held with price above 1263 unsupported.  Looks like if we stall at current price levels and consolidate between 1220-1240 that the short term bearish flag could set up for a continuation through 1200  and a further sell off to 1160 area of major support. If we get day traders on the buy side moving in to break through the resistance at 1240 watch for a test of the previous highs at 1255.  Through this price level we might see some consolidation and then a push to the 200MA.  If the buyers can't hold and close above the 200MA we could then see some price failu [...]

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Day trading course MF Global Futures says Sayonara

Day trading course MF Global Futures says Sayonara as well as hundreds of investors who's deposits were used to cover Margin.

Just as we in the futures trading world thought we were safe from "Those Damn Bankers" but it seems many overlooked that Mr. Corozine was actually a previous president of the Notorious Goldman S. clan. Although Corozine was not running a high ranking government position he thought it would be OK to Embezzle funds owned by the firm's Clients. Maybe we might see a Goldman Sach's looter finally shackled for their use of clients funds in purchasing Italian Bonds.

"Italian Bonds"? - sounds like financial crack to most short term traders.

The thought that MF Global held 91% of it exposure in December Italian bonds and used clients money to cover the Margin is not only outrageous, but criminal. MR Global bought in to these highly leveraged bonds this summer and in a few short months have drained their clients "Capital Reserves". This could be foreshadowing of what is to come in Europe as Greece is in shambles, Italy and Portugal are in a neck and neck race down the toilet, and Spain is looking at a slide in their housing market and bonds. No wonder the risk off position is to sell the Euro. Let's take a look at the S&P500 emini futures for today. We have already seen a sell off from the 1289 highs. This is the resistant long term trend line pointed out previously. On the After hours Daily chart we can see that the price has broken below the 200 MA in [...]

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Day trading course - bearish

Day trading course l 866-640-3737 l Day trading education

Trading the S&P500 emini futures contract in the S&P500 day trading course live room.

There has been a retraction and the S&P500 has given up its gain from last week from a high of 1290 to where it's at right now at 1232.50. It has pierced and broken through the support at the bottom trendline and now is on its way down to test the next target at 1230. There is a very strong level of support at 1216.

If the bulls move in the 1st target is 1241. The next target is 1248 then onto resistance at 1261.25. The outer resistance level is at the top of the channel at 1273.50.

Trade What You See

 

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