SPY, ES, trading for Oct 16th
yesterday had a big up move and left an open gap at 2977 and has been trading short from close. the up move was well received by the market and will take some bad news to push it below these levels. today could be a top range chop session or one more big move day and i think either direction based on outside forces. If the market was to act completely on its own we would see continuation to the up side. I will be watching the red zone for big picture direction and if we remain inside the red zone will be scalping what I expect to be choppy trading.
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