alleytrader

ES, SPY, SPX day trading for July 1st

FX:SPX500   S&P 500 Index
Today we have had everything push to the long side so will be looking for either a big impulsive move up or a pull back before a further move up. There is a couple things to keep an eye on the RTY at 1609 and the DOW at 29966, these two areas could be a leading indicator as to what the SPX will do.
My strongest idea because of a holiday week is we range trade between 2976 and 2963 on the SPX500, add 4 points for ES numbers.

This is one of them days best to watch for a bit and see what the intent for the day really is

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