Looking at consolidation boundaries to dictate today's trade ideas: 1) will look for a tight back and forth if we remain inside the boundaries, 2) on a break out to the up side will target the upper line 2938 and possibly much higher, will give targets if that happens. 3) if a break down then looking for 2 targets one at 2919 and the other 2906
today looks like the adjustment to get these targets in ES is add 2 points to SPX numbers
today looks like the adjustment to get these targets in ES is add 2 points to SPX numbers
Note
Hard to get much better than them levels prior to the opening action. funny bottom of boundary i had a 4 point range to pick from so the level could have been 3 points closer to exact trunNote
Hate to do this but to increase my front page rankings if you like what I post a few more thumbs up would be appreciatedNote
Thing just about got interesting and they had to bring it right back into the chop range, so today we get to trade a break and the range not often days turn out like thatDisclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.