alleytrader

alleytrader

we have been in a decent sized sell off that has not found any meaningful buyers, and will not recover until we do, no matter how over sold we become. watch the open and see if we can get upward rotations if not then a down side to 1810 today is very probable, In the event buyers to make a showing today then 1856, 1870, 1876 are possible targets

alleytrader

Open is almost 1005 net long, so will watch open and see if we respond with selling the mid 1985 area and see if we find buyers to take us to 1914.75, if buyers fail then a move sown to 1870 area very possible. will keep you updated on the private forum

alleytrader

look to see if we break above 1900, below and find sellers then look for 1879, and if buyers take us above the 1900 buying a retest looks nice for a run at 1905 and 1920. Think I can keep it that simple. after or just before open could adjust that info, and to be current check out www.inthefutures,com and find the free chat room

alleytrader

Today, is 100% net long in the overnight and would think we burn some of that off. Will look for buyers at 1935, 1924, and back to 1915. if we retrace on open will look for reaction buying and then target 1951 and 1958. Action today could look like the first two days of the week action so will be watching for same type of thing until the market changes.

alleytrader

Today we bounce off the challenge for the lower distribution and look like the days action could follow the prior days action, important word could. today the area to defend for the buyers is down to 1922, if we can not find buyers in that area decent down side target is 1901. After an opening retrace that finds buyers and stays above 1922 we can be looking for...

alleytrader

today could bring a second choppy session but put a very low probability on a large lower move, Over under is 1913 and below target is 1911 or lower and above is to take out 1928.5 to as high as 1939. will be watching open and see what the market brings. for updates during the day see www.inthefutures.com and click on free chat room

alleytrader

the prior support now is Res. and we are on a bounce after the china scare. number to look at at 1970/1960/1950/1940 odd for me to have them all even numbers but they are today. distribution chart worked out pretty well in the carnage and should continue to do so. Thinking today could be a rotation day and finds itself in a range, it is Friday, so I will not...

alleytrader

today will watch and see on open what bigger time frame players show up, my first idea is a lower test to move up on the day, looking at teh test to start around 1952 and go to the 1935-1940 area, then grind higher on the day if we open to the upside then will see if a rejection past 1935 and if so will become a seller to as low as 1906 remember updated ideas...

alleytrader

Market could open with a drive to lower levels and this is the first real support i see, (thinner red line), the blue line below if Red does not hold becomes the magnet

alleytrader

The two rectangles are showing the big picture distribution, and the blue line show the big magnet in each distribution. We can see we are at a cross over point between a high and lower distribution, so do play safe

alleytrader

Daily providing commentary to help self trade the ES/SPX/SPY markets for day trading. Overnight about 75% net short overnight inventory, and good possible bounce, so would look at open for the ES to bounce to about the 2005 area for a decent short. If buys show up in force around 2005 then 2011 and 2017 are decent upper targets and it the 2005 rejects look to...

alleytrader

over night went almost full short inventory, and now in between two gaps, On open thinking we get a bounce that will be a gap fill fail, and this could be shorted to 1992 and 1990(balance). The overnight market has left bad structure and has very little actionable resistance if they really wanted to close the Friday gap 2036.25 www.inthefutures.com and click...

alleytrader

Last day of trading for 2015, and expect very low volume. So please play safe. today looks like sellers have some control, and with overnight inventory being very short would look for a bounce on open, Will look to short below 2056 to a target of 2043 and 2030, how ever if buyer show up and take us over 2056 will be looking long with an upside possible of 2065 and...

alleytrader

ES, above 2064 look to buy to 2081 and dropping below that we could hit 2049 at the gap close, Yesterday was bullish balanced and overnight is bearish unbalanced, it would balance at 2059 area For updated daily comments check out the website shown in my profile and click on the free trading chat room

alleytrader

everything is lining up to be a bullish day, and I stay with that as long as we stay above 2054, upper targets are 2066, 2074, 2086 however if 2054 is taken out the will look to 2047 on the down side

alleytrader

looks like we could have responsive buying on open to 2056, if buying fails then will be looking for 2037, Not expecting too much this week, but who knows

alleytrader

yesterday produced a poor high, and an unbalanced day, we also have the predominate magnet up above at 2074, today will watch the globex high and see how the market responds if buyer take us higher or rejection to gap close the down side road block to the gap fill at 2035 is 2046 and 2043 Remember to check out the Trading room, from my web site or pm me

alleytrader

yesterday produced a poor high, and an unbalanced day, we also have the predominate magnet up above at 2074, today will watch the globex high and see how the market responds if buyer take us higher or rejection to gap close the down side road block to the gap fill at 2035 is 2046 and 2043 remeber to check out the ES traders room on my website