Expected trading for today is between 9400 support and 10200 resistance
Take note of the line arrow and the Fibonacci fan on the chart above.
technical indicators show the uptrend would likely persist.
Breaching 10000 level and hold above it, will push the price toward 10900.
Note; Breaking 9400 level and hold below it, will push the price to test 7900 level, before any new attempt to raise.
Expected trading for today:
is between 9400 support and 10200 resistance.
The low of 2018:
5947.00 / H&S bottom.
The high of 2018:
25000.00 level.
WHAT IS DAY TRADING?
Day trading is the entering and exiting a given position within a single day, and sometimes several times a day.
In the past, this would have meant trading during regular market hours (for the NYSE, for example, this would be 9:30am to 4pm).
However, in recent years, day trading has come to include pre-market trading (4am to 9:30am EST) and after-hours trading (4pm to 8pm EST).
Are you're thinking about becoming a day trader?. Maybe you're bored with the buy and hold investing strategy. Maybe you are unimpressed with your mutual fund's investment yields and feel you can do better. Maybe you're an adrenaline junkie. Maybe you are laying the groundwork to be able to stay professionally active in the event of unemployment or retirement. Or maybe you're fascinated by charting, indicators and oscillators. Regardless of your motivation — and whether you stick with day trading or or not — this will make you a much smarter investor.
Day trading, on the whole, requires more attention and more risk tolerance than does buy-and-hold investing. Furthermore, most day traders fail to beat the market. To find out whether day trading is right for your investment goals and your temperament, read on.
Examples of day trading:Buying 100 shares of a stock and selling some or all of them by the close of the market.Buying 100 shares of a stock and selling some or all of them the same day, in after-hours or pre-market trading.
Examples of investing that are not considered day trading:Buying 100 shares of a stock for your nephew's 10th birthday, hoping it will be worth a lot more by the time he's old enough to sell it.Buying 100 shares of a stock and selling some or all of them the next day.