es, spy, day trading for Feb 5th2020
Updated
For 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.
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.
Trade active
3 minutes after bell went short and moved stop in hard at the bottom of the red zone, right where first bounce, other than a few extra points, and then the market died with a slow motion sell after that. now maybe the bounce happens, As stated the trade action will die early is what happened for now. 6 point short in 27 minutes.I did not play the bounce, it jumped so fast I missed it, only thing I could have done was not stop short trade but reversed it. (not my normal thing to do)
Trade closed: target reached
market went in the over night session right to my top target
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