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Indexfutures

es, spy, day trading for Feb 5th2020For ES futures numbers reduce chart lines about 2.5 points. Most of the overnight action has been to the up side and looks like this marekt is the happiest when moving up. At the top of the overnight range the ES is accepting the current value, at least for now it is. I will be looking for a retest of the bottom of the red zone for a bounce or a breaking move above the red zone top and hoping for a nice top of red retest for a clean entry, If no retest then will have no choice but grab the long on the go. If the market repeats what it has been doing this up run will come early and then move sideways before a down side test and then end day to moving up aggressively.
FX:SPX500
by alleytrader
2
es, spy, day trading for Feb 4th 2020overnight is all long and will be looking for a long trade but pay very close attention to the top red zone box, for a continuation to the long side this is the resistance range we need to break, so look to see if we power through or reject this price area. If market rejects without top range consolidation I will flip to looking primarily short other wise looking for long trades on any action that supports my thoughts. A short trade can be good in this big range and a break above looks to have about 20 points .
FX:SPX500
by alleytrader
es, spy, day trading for Jan 27th 2020NO need to point out the obvious so i won't. Currently we are in a large prior distribution of 3220 to 3265 and breaking this range could give a good clue to next location we head to. below 3220 I think a fast move to 3206 is probable. Maybe with no extra news we have a big range back and forth with some very spiky moves in that range. Will watch for break of this mentioned range and also for smaller picture trades the Red zone. but will remain leaning short till more chart information gives a clue to a short term bottom is found.
FX:SPX500
by alleytrader
es, spy, day trading for Jan 21 st 2020most of the inventory from Friday close is short and this could cause a move back up into Friday rth session before a direction is found. Will watch red zone boundaries and any impulse around these red zone areas for a solid trade idea. There are lots of landing zones for down moves but the top side has some unresolved issues also. Todays action will be a strong guild to my trading approach but primary look for me will be a bounce I can short back to the over night low. and if the up moves brakes fail then will take longs on small flag type pull backs.
FX:SPX500
by alleytrader