I believe that this is the transition between the 2nd and 3rd leg of the Elliott wave and am looking to swing SPY long with a break above todays high. My 3 month target is 225.
I took BABA long today off of the 15 minute ORB, targets of 115 and 120. Leaving me with very good R/R.
I am looking for an Open Range Break 5, 15 or 30 before 11:15 on Ebay above 56.75. Target is 52 week highs with a risk of 70 cents. Leaving you with a trade thats about 4 or 3:1 as a short term swing.