Looking at the eMini S&P on Friday, we were expecting a quiet day in the market and we certainly got it. The trading range for the day was only 6 points with the high right around 1181. The mini consolidation that we are currently seeing is skewed to the upside and will most likely continue up there as we did not come close to our support line during trading on Friday.
For more updates from Dave, visit the eMiniDayTrader blog at eMiniDayTrader.com
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Futures, options, and spot currency trading have large potential risk and traders should be well-educated before putting real money at risk. You must be aware of the risks and willing to accept them in order to invest in all markets. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. This website is neither a solicitation nor an offer to buy/sell a futures contract or currency.
