alleytrader

ES, SPy day trading for July 15th

FX:SPX500   S&P 500 Index
The over night is all bullish, so will expect a open that will do two things one is a retrace back to the 3014 ( plus 4 for ES numbers)area and then a upwards slow grind, or a impulsive opening up move. So until shown different will remain on the long leaning bias. I do not have targets for a move higher and are not really needed, these moves up at ATH have proven in the past to be very low volume grinds with a big late day hard lift. In the event we do move down below the 3010 area then it is possible we can revisit the 3000 area so could be looking also for that 10 point short trade. The opening action should begin to paints today's picture.

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