alleytrader

es, spy, day trading for Feb 6th 2020

FX:SPX500   S&P 500 Index
-1 for ES futures line locations
Over night is very bullish and running a balanced acceptance. so look for higher, but this could keep following the same past pattern and drop down to support before finding the buyers to take it higher one more time.
Red zone bottom is yesterday regular session highs and that is the area I say should hold for the bulls or we trade out yesterdays range some more. Again I think the action comes early then dies off again until late in the day. so a drop to get long would be the perfect set up for me but will be looking for teh early push to find a breaking trigger or small pull back to jump on board.

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