alleytrader

day trade ideas April 25th

FX:SPX500   S&P 500 Index
Looking at consolidation boundaries to dictate today's trade ideas: 1) will look for a tight back and forth if we remain inside the boundaries, 2) on a break out to the up side will target the upper line 2938 and possibly much higher, will give targets if that happens. 3) if a break down then looking for 2 targets one at 2919 and the other 2906

today looks like the adjustment to get these targets in ES is add 2 points to SPX numbers
Comment: Hard to get much better than them levels prior to the opening action. funny bottom of boundary i had a 4 point range to pick from so the level could have been 3 points closer to exact trun
Comment: Hate to do this but to increase my front page rankings if you like what I post a few more thumbs up would be appreciated
Comment: Thing just about got interesting and they had to bring it right back into the chop range, so today we get to trade a break and the range not often days turn out like that
@alleytrader Buddy cool strategy. I think everything will work out. I will follow you, interesting how it will end
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