alleytrader

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

alleytrader

today in ES, numbers then plan, 2053-56, 2045, 2035.5(gap), 2028, 2018.5 first look at overnight high and see if buys can push it over for a run then for 2053-56 and if buying fails then gap fill at 2035 is target come visit us as we trade ES, look in my TV profile find the website link, then click on the free chat room

alleytrader

thought would look at each distribution per candle, now we do look bearish, however at a distribution edge

alleytrader

the top maybe in, however teh short has not been triggered yet

alleytrader

the action in a weekly and daily looks bearish, but maybe looking at it this way not so bearish. I guess soon enough we will see

alleytrader

these are the boundary's to the three current distributions, do not be bearish or bullish trade the response to the levels

alleytrader

Today's trade idea, typed out on chart. This range is getting smaller and harder to find big set ups and this being FOMC minutes day normal action is slow and small range until the release of minutes

alleytrader

All explained on the chart, and if market opened at time of posting I say up move on open to then follow with down late morning and finish back around yesterday close

alleytrader

This area is not only support from prior visits to the price area, but also sis a significant Fib retrace area. I will be watching if we can get there as a strong potential to bounce. A break down of this area will be significant.

alleytrader

Information is on the chart