alleytrader
Long

april 16th day trading ideas

FX:SPX500   S&P 500 Index
looking for a opening that pulls back to the 2809 area or a bit lower and then a bounce to take us to 2802 and 2836. If this area of 2804 does not support the bounce then probably trade sideways just above the 2800 area.
Comment: It is possible we open and just move higher, with no retrace but the open sessions have not be trading with a great deal of conviction so all we can do is wait and see
Comment: notice last 2 days I might be aggressive on my pull back expectations, but we will see, I might watch 2913 also
Comment: error above 2900
Comment: had a few tech issues today, so just catching up to this chart now, looks like my lines captured the action completely after the morning drop, very nice
Comment: we did not get teh up move as i expected but did not rule out a drop, what is fantastic is look where the drop cam from, very actionable information before the market even opens
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