alleytrader

es, spy, day trading for Jan 16th

alleytrader Updated   
FX:SPX500   S&P 500 Index
The lack of up side targets is not because that is how far I think it goes, It is due to my lack of further information. There are many ways to project a higher target but I will let action find teh level for me.

I have 3295 as the over under line and below could see a strong down move into options X. but and this point if we keep with this weeks theme is we get a correction and then a late day push higher.
Trade closed: target reached:
target to the up side reached and closed trade with only 6 points gain from redzone break to target

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