alleytrader

ES1!, SPY, SPX day trades for July 2nd

alleytrader Updated   
FX:SPX500   S&P 500 Index
Over night showed very little direction and sets up the trade range of 2968 and 2956, (add 4 for ES #) above this will look back to prior highs and a bit more and below look for 2951, and if thing really get bearish then 2934 and 2926 but in a short week not likely. Best bet is let teh market open then trade long from range low and short from range high, and in the event a trend forms then go in direction of trend.
Comment:
Market has stayed right inside the described trading range and is now back in the middle. Hate to say it but almost exactly as I envisioned

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