add in 4 points for ES levels.
Toady we are inside yesterday's range so far and are looking at 2 things one a move above the 2918 area and if this happens I would target 2936 for the day. NQ is leading very strong to the up side and if it stays strong this is the most likely event.
In the event the upside fails, what has been happening early as of late in the day, then will look for a move below 2912 and if that holds then the play will be for the 2905 target.
On open will watch for what side is showing the power and will prepare to trade in that direction. being careful not to stand in front of the bull until he goes back to his corral.
Toady we are inside yesterday's range so far and are looking at 2 things one a move above the 2918 area and if this happens I would target 2936 for the day. NQ is leading very strong to the up side and if it stays strong this is the most likely event.
In the event the upside fails, what has been happening early as of late in the day, then will look for a move below 2912 and if that holds then the play will be for the 2905 target.
On open will watch for what side is showing the power and will prepare to trade in that direction. being careful not to stand in front of the bull until he goes back to his corral.
Comment:
2916ES / 2912 SPX is the area that has my focus
Comment:
Not lifting back above 16 and holding will be very telling to me
Comment:
first target hit, will give a little time and then update ideas
Comment:
prior days low rejected and made a new low right from the 2905 line posted pre open
Comment:
levels worked right into the overnight session also, assume