es, spy, day trading for Mar 20th 2020
for front month ES contract spx500 pricing for the lines are 10 points higher than I am using for ES
Currently Es is trading is a big balancing area and after a good sized up move back into prior range, this make me watch top of the range (red top) for continued up move into higher target marked in blue line.
I f no up move then the bigger pull down will be the 2375 (es) area and then below that the targets get a bit more space to run.
This being option expiry multi witching day could be a choppy day or a violent push to a very targeted area and then choppy, so being Friday and opex please stay safe.
Currently Es is trading is a big balancing area and after a good sized up move back into prior range, this make me watch top of the range (red top) for continued up move into higher target marked in blue line.
I f no up move then the bigger pull down will be the 2375 (es) area and then below that the targets get a bit more space to run.
This being option expiry multi witching day could be a choppy day or a violent push to a very targeted area and then choppy, so being Friday and opex please stay safe.
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