alleytrader

es, spy, day trading for Aug 28th

FX:SPX500   S&P 500 Index
Overnight the markets remained very balanced until early this A.M. and the down move is being accepted by the market players, so will think first plan will be a small bounce on open with a continuation to the down side. will be watching the areas of my lines for rejection of this plan and will be fine switching my bias to the long side if that is what plays out.

The big tests remain the goldenrod lines and inside them lines we are just in a big chop zone so back and forth until one of these levels are taken out.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.