alleytrader

es. spy, day trading for Aug14th

FX:SPX500   S&P 500 Index
yesterday moved so fast did not get much off for trades and now we have returned to the starting point. so the open reaction will be important to me. and will watch for firm directional breaks before picking a side. My primary ideas will be to see a rejected bounce after open that I look to get a short on. but if the move up keeps going above the red boundary long will be the trade. other idea is a impulsive move down on open that I look for a retrace to short.

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