alleytrader

es, spy, day trading for Aug 13th

FX:SPX500   S&P 500 Index
Over night moved down a little but is not showing extreme pressure down so will be looking for a open that is sideways to down, if we break the lower red line I will be biased to short trades but above that lower line feel things will remain as a choppy back and forth trade today. Targets for lower and higher are drawn on chart. Will watch for impulsive moves or retraces to act upon so on open will be mostly watching to gather information.
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