ES, SPY, day trading for June 12th 2020
Notice today I am on the ES September chart and that is what i will be quoting now.
range 3037-3064 This is the range to help with forward direction. Keeping in mind often after a big moving day we are followed with a consolidation day to digest what happened. Levels: 2943, 2955, 2983, 3000, 3023, 3037, 3064, 3150, 3174. Yesterday had strong selling and and was accepted, but a normal relief rally would not be surprising. Overnight is all long, so a move down on open that then moves up back to range top or even closing 1/2 the gap is first idea. A break below the Range low would likely see a revisit of the prior sessions low, and as you see many lower targets. All targets are structural areas that are in need of repair.
range 3037-3064 This is the range to help with forward direction. Keeping in mind often after a big moving day we are followed with a consolidation day to digest what happened. Levels: 2943, 2955, 2983, 3000, 3023, 3037, 3064, 3150, 3174. Yesterday had strong selling and and was accepted, but a normal relief rally would not be surprising. Overnight is all long, so a move down on open that then moves up back to range top or even closing 1/2 the gap is first idea. A break below the Range low would likely see a revisit of the prior sessions low, and as you see many lower targets. All targets are structural areas that are in need of repair.