Day Trades ideas for May 3rd
Updated
Looks like the market is trying to get back into the higher distribution with steady buying all night. I expect at open we move down and then find buyers again to see if we can get back above 2933 area. if we can then right back to the middle of the range prior to Wednesdays drop. In the event they can move down below 2917 and hold it down there for any decent length of time 30 minutes or more then I would target yesterdays low.
I will be looking for ideas that play to these two ideas after seeing how they are going to play out
I will be looking for ideas that play to these two ideas after seeing how they are going to play out
Comment
When looking at my posts please keep this in mind, i use the ES to find my values and then make an adjustment to SPX500 so the values may not be to the tick. I say this so you look at everything as areas not specific numbers. I post in SPX500 because I was told more people are looking in that market than ESComment
there we went right to the bottom side of the distribution we where in just before Wednesdays drop. would think we will have to work at 2943
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