alleytrader

es, spy, day trading for Aug 15th

alleytrader Updated   
FX:SPX500   S&P 500 Index
overnight has us setting up a little bit long but very much back and forth so no real directional bias. I will be looking for a test of the 2840 to see if it wants to bounce and then if it rejects near the top red line. Clearing the red boundaries will help set a direction bias but will need to see decent impulse or time served over or under these line. If this commitment is not found will remain thinking choppy consolidation is the trade
Trade active:
The screen share algo triggered for a short at 2846 just moments before this nice drop for a 20 point trade and holding
Trade active:
closed 1/2 of the short, and will give back half a bit of room

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.