es, spy, day trading for Mar 18th 2020Last few days has put us in a bottom move comfort zone and no clear direction until this zone of 2544 - 2350 (ES, please verify your chart like spx500 numbers can be different) has been cleared.
This said 200 point consolidation is massive and provides many trading opportunities. I will be looking a opening move that will give me direction. Normally I would say a open bounce to short but am completely prepared for a opening drop.
Indexfutures
es, spy, day trading for mar 17th 2020After yesterday massive down move we are now balancing in the lower part of teh trade range and the break of this range is important. Looks like lower is still wanted and no real buyers have been found yet. If we do drop and break first blue target I will then look and post next level if it comes to that, There still can be some testing of higher areas and see if any real bigger time frame players step in, but so far they have been absent.
es, spy, day trading for Mar 10th 2020the over night session has been long the entire night and is either ready to break higher or making a big low level balance zone, so watch for tells to what one it will be. now the range of the red zone is massive and even if we are balancing there should be some massive scalping trades to be had.
Break out will look to see if R becomes S and S becomes R and if so will no longer look for trades in the range.
es, spy day trading for Mar 9th 2020What a interesting day we are about to have, and also a very hard day to get a solid game plan for with so very little overnight trades. The golden Rod lines are very important bigger picture locations, and then we have teh red zone based on the more current overnight action. I will not have much of a plan other than watch teh reopen and see if the massive selling has stopped. if not lean short
es, spy, day trading for Mar 5th 2020Today overnight has been 100% down form close and is either looking bearish after a possible bounce or will remain in a very choppy zone. Not much news has changed so real good odds today is choppy. We also are in a big balancing zone that will break, what we do not know is when that happens. So keep eyes open for the break but I will trade teh balance like it is a inside day until that break comes.
es, spy, day trading for Mar 3rd 2020Nice move up that happened with out balance and now in the over night session has found balance for the time being. The balancing area is 100% above yesterdays action and looks like could be setting up a nice long trade, however I do not see the down side as resolved yet but that does not have to happen before a decent up move. Do watch the red bottom and if we move below most likely we will be trading out the prior days range. and the first blue line above red at 3140 is a strong target area if we get above the red top. Good luck today, and remember I am here for questions if you so desire to ask one.
es, spy, day trading for Mar 2nd 2020The markets have accepted these lower levels for now and could consolidate to build energy for the next move, and this is happening inside a big balancing zone. the over night attempt higher was not that impressive but did print an accumulation from the bottom. If this current low breaks a fast move lower is likely.
I will be watching close for a red zone break but my trading until it does break will focus on trading the inside of this range.
es, spy, day trading for Feb 28th 2020Today the red zone sits right on the over night range and this is a big range so lots of inside trading if we can not break out of this zone. will be looking for higher lows or lower highs to take a inside direction trade that could maybe break out.
A move below the ON session could see a fast drop to 2800.
es, spy, day trading for Feb 26th 2020es has bee for the most part sideways through the overnight after testing a bit lower. will watch for a break of the red zone for a direction to my trading. We have moved back down to some golden rod lines that where important accumulation areas when we traded these levels before, will be interesting to see if they come back into play.
What this means is buys where found here before maybe they are here again, if not the down side could get very interesting.
es, spy day trading for Feb 25th 2020Today looks like we are going to play around inside the over night zone and could be a very choppy day. Any substantial break of the red zone will be a strong indicator of what side of the market wants to take control. So looking for a back and forth trade until we clear this zone.
Bigger idea this is a balance at the bottom of a big move and could be telling us further down is coming unless we can clearly move above this range and hold it for some time.
es, spy, day trading for Feb 24th 2020Now that is a good sized down move that took out support and coming into more support. so further down is very possible, and on bounces the short trade is where I will be leaning the hardest.
That being said do watch for strong reactive buying if buyers are found.
Big one sided move the red zone has less value and will put more value in how the action plays out, follow the flow and be ready for fast V turns.
NASDAQ BIG BIG POSSIBLE IDEA!!!This is a small possibility of this happening. As chart indicates, it did break trend before, and formed the W that pushed for the new highs. Well, maybe breaking the trend, and forming a W again, will let NASDAQ push for the 10 000.00 target we all have been waiting for.
If one gets a very low entry, keep it till it reaches 10 000.00. NAME OF THE GAME IS PATIENCE! Lets see how it plays out next week, and what the virus news does to NASDAQ over the weekend.
Good luck! And lets all see BLUE PIPS!
es, spy, day trading for Feb 21st 2020The overnight sessions has been moving down and may need a bit of an upward resolution before finding it way further down. However in this crazy market look for strong action bast red top for a up move. This is a very large many day range and could play around anywhere in this range. watch for the big action then follow along but do not let bias keep you in a trade that is not working. Could be a day of lots of back and forth. but be ready for strong reactive moves.
es, spy, day trading for Feb 20th 20202202020
ES found a over night new high and is balancing in the top part of the big range. I will be watching for buyers to step in around 3378 but could let it drop as far as 3370 and still be top of range. Also thinking sellers will step in around the 3389 area and if above should see the over night high tested.
Do not look for big moves during the day session anymore they are for the buy side and sell side to battle it out and let the lifting happen in the easier over night session.
That said there are still some nice size inside day moves that we can watch for.
Interested check out our screenshare for intraday trade signals and triggers.
Only value, if there is any, I get from these posts is attention, so please if you like this content hit the like button!!
es, spy, day trading for Feb 19th 2020bullish over night move inside a very big balancing zone so a break of red zone should take us to the outside of the balance zone to test the buyers and sellers in them areas. so above that is 3390 area and below is 3355 area. Until this area is cleared looks to be a back and forth of this big zone using smaller daily zones inside that range.
I think we could easily find our way back tot eh 3370 area and then one more late day push back to day highs if not big range high if buyers really step in.
Below 3370 then most likely a test of the bottom of the big range for less of a late day bounce.
es, spy, day trading for Feb 13th 2020Looking for ES to remain a back and forth trade until we can get a break out of this zone. there are many possible targets below if that side ever kicks in and lots of blue sky above, but both of these will take commitment after this range consolidation break.
Be careful of a small break that does not find commitment and just returns right back into the same same we have been in for a few days
es, spy, day trading for Feb 12th 2020spx is about 1 point higher than ES so very close to same numbers
the action over night is all long and finding a balance at the top of the over night action so my primary thought is long, however each day has been sold off till late in the day when the buyers step back in so be very careful. I will look for a early break out and then be prepared for the follow up selling.
A break down of the red zone could see a fast move to 3350 - 3355 and this is where buyers will need to step in for today so import area to watch on the day if we even get close to the level.
es, spy. day trading for Feb 11th 2020While the flag I mentioned for a few days broke out yesterday and is now balancing a consolidation of acceptance and is giving the impression the market still desires higher prices.
I would welcome a test to 3340 for this spot to get long but that deep of a pull back may not happen. so second plan is to watch the break above the overnight high for a retest like yesterday to get long. It may not be as perfect as that but should be a similar look.
A break lower has many possible landing spots and a down move if it comes could be very deep but so far the market is not interested in that.
es, spy, day trading for Feb 10th 2020Today there are many things that could be mentioned about the indices but the simplest is to watch teh red zone for a break or inside action. At this hour I do not have a leaning other than the flag mentioned Friday is still 100% in tack, so will take a strong bullish stance of it resolves upwardly.