alleytrader

es, spy, day trading for Jan 10th

alleytrader Updated   
FX:SPX500   S&P 500 Index
Over night is a new ATH, so will look for a pull back to 3274 and see if we get a bounce to retest teh high or go a bit further. Unlike yesterday i now have higher targets calculated.
Any move back into yesterdays trading range will have to see if the bottom of the range holds the market up and if not a strong drop could occur.

So this gives us a plan a, b, and c style trade, if those trade ideas are not clear please post a question to me for further clarity.
Es is trading about 1 point higher than spx500 today
Trade active:
bounced strong right off plan A, location, hope some of you got some of it
Trade closed: target reached:
as stated if we moved back into prior range, ( below red zone low) target would be prior days low and we just got there!

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