alleytrader

ES, SPY, day trading for June 4th 2020

alleytrader Updated   
CME_MINI:ESM2020   E-mini S&P 500 Futures (Jun 2020)
ES I am not sure how many boxes I need to check to call a down move but lets say it is 6 boxes, yesterday checked one of them. This said the over night gives me 1/2 more boxes making me a very cautious trader looking for a bit of a down move. Watching 3099 and 3115 as my chop zone and a break above removes the box check marks. Most of the over night inventory is short so a good play would be a bounce up to top of the range 3115 for a possible short. Will also be playing retraces from the impulse moves if they come.

Maybe stupid posting before news but we will see if anything changes.
If it does will update
Trade active:
I did take a small short, made a tiny bit, but we are back in full bull, so now will look for long trigger
Trade active:
got the post out in my chat room but did not get here in time, when we dropped back into value I said short are ok again to 3103
Trade active:
Target reached, will see what happens next, keeping a short runner

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