es, spy. day trading for Feb 11th 2020
While the flag I mentioned for a few days broke out yesterday and is now balancing a consolidation of acceptance and is giving the impression the market still desires higher prices.
I would welcome a test to 3340 for this spot to get long but that deep of a pull back may not happen. so second plan is to watch the break above the overnight high for a retest like yesterday to get long. It may not be as perfect as that but should be a similar look.
A break lower has many possible landing spots and a down move if it comes could be very deep but so far the market is not interested in that.
I would welcome a test to 3340 for this spot to get long but that deep of a pull back may not happen. so second plan is to watch the break above the overnight high for a retest like yesterday to get long. It may not be as perfect as that but should be a similar look.
A break lower has many possible landing spots and a down move if it comes could be very deep but so far the market is not interested in that.
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