alleytrader

es, spy day trading for July 12th

alleytrader Updated   
FX:SPX500   S&P 500 Index
Today we again get a small gap up that could close up early in the day and set up a decent long trade. Looks to me like a pop up to at least 30144 (plus 4 to 4.5 for ES) the range I am looking at for consolidation range trade is 3000 to 3008, so the move above 3000 could bring a 14 point trade and a move below could bring an 11 point trade, we again will be watching to see if can lean on long unless we get firmly back into yesterdays distribution.
Trade active:
I see I did 2 errors the 30144 is to be 3014 and that also is an ES number so need to reduce it by 4 to 3010, and that puts are current condition almost there

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