alleytrader

es, spy, day trading for Jan 9th

FX:SPX500   S&P 500 Index
ES should follow yesterday with a strong up move after a nice little pull back to the 3264 area or just stay choppy for the day in the RED zone range. If ES breaks above the Red zone I have no current target areas, this is just pure air and one may need to use a Fib extension or something or ATR to know when to look at taking profits.
A break below will take us back into the prior distribution if 3249 does not hold the market up.

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