alleytrader

es, spy, day trading for Feb 14th 2020

FX:SPX500   S&P 500 Index
overnight is very long and testing higher with nice levels of acceptance at the higher prices. also the bigger names that reported last night showed strong earnings so looks like market wants higher one more day.
will be watching red zone close and reacting early to any big push after open. I expect, like all the days this week, the market will have a early push and then die. Now being it has been a week of strong up side action we also could have a day of extreme chop with a late day sell off to reduce weekend inventory.
I know that is not much of a clear direction, but my intent is to have your eyes wide open and watch how the market reacts at each level.
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