alleytrader

ES, SPY day trading July 10th

alleytrader Updated   
FX:SPX500   S&P 500 Index
Other than the massive pop the over night had a big move with a balance consolidation so I think we could move back down to 2983 area ( plus 3 for ES) and then see the up move continue to the 3000 price level. in the event a move below 2980 - 2977 area then a strong move to 2967 is very possible. Now based on past days the most likely idea is a normal low volume choppy day with two large low volume push ups. Will watch to see what the open has in store and maybe that is nothing as the market waits for FOMC minutes
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this long move over 3000 should see 3006 for new ath

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