es, spy, day trading for Jan 30th 20202Es over night has moved to a lower distribution and if we do not get a move back up above 3260 then I remain bearish looking for further down into lower targets.
Watch for a choppy action until the red zone break and then on a solid break that will become my primary direction bias for the day.
Indexfutures
es, spy, day trading for Jan 29th 2020The over night action is all bullish but balanced so a break of the balance is needed for a trend trade, if not very choppy action.
we have decent targets on both sides and will be letting the market pick my primary bias today.
Good place is impulse, retrace to a level and then go.
es, spy, day trading for Jan 28th 2020 we are playing in a wide chop zone that has lots of room inside to make for decent size trades, so that is plan a)
nest plan is a impulsive break up and out of the Red zone and get long any retrace for a run to posted targets. and the same with ideas from the bottom if not already short from red zone top
es, spy, day trading for Jan 27th 2020NO need to point out the obvious so i won't.
Currently we are in a large prior distribution of 3220 to 3265 and breaking this range could give a good clue to next location we head to. below 3220 I think a fast move to 3206 is probable.
Maybe with no extra news we have a big range back and forth with some very spiky moves in that range.
Will watch for break of this mentioned range and also for smaller picture trades the Red zone. but will remain leaning short till more chart information gives a clue to a short term bottom is found.
es, spy, day trading for Jan 24th 2020over night action is bullish and with out news will think it moves higher so will be looking for the move down around the Red zone bottom for a long entry, A move below red bottom will take us down to one of the targets marked on the chart.
Second plan is if we open with no drop will trade a retest of the red zone top or other decent pull backs after teh impulsive move up.
es, spy, day trading for Jan 23rd 2020We are now in a un tested zone and looking for direction as the over night area balances. A break of the Red zone could see some sharp fast moves down to repair some structural damage. and holding the Red zone bottom looks to me that we will have some large range back and forth till a new higher level is found.
es, spy, day trading for Jan 22nd 2020A over night long side balancing trade so first idea is to look for a drop to red zone bottom for a bounce. A break below Red bottom I will look for 3320 area where the market could just go choppy.
Also third trade idea is a strong opening bounce for a higher move early that then chops.
This should provide you with three game plans for trades after we see how it opens
es, spy, day trading for Jan 21 st 2020most of the inventory from Friday close is short and this could cause a move back up into Friday rth session before a direction is found.
Will watch red zone boundaries and any impulse around these red zone areas for a solid trade idea.
There are lots of landing zones for down moves but the top side has some unresolved issues also.
Todays action will be a strong guild to my trading approach but primary look for me will be a bounce I can short back to the over night low. and if the up moves brakes fail then will take longs on small flag type pull backs.
The short term market consensus for the Dow Jones Index Futures The short term market consensus for the Dow Jones Index Futures have change to Bullish
We will execute a Buy signal at 26279 with a Stop Loss at 25464 targeting 36128
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