alleytrader

ES, SPY day trading for June 8th 2020

CME_MINI:ESM2020   E-mini S&P 500 Futures (Jun 2020)
Es/ the upper end of the opening range is 3211 with the first lower level at 3196, but does not get bearish until first lower target is taken out at 2180. below that I have a few targets 3160, 3127, 3112, Even if all these targets are hit the big picture will still remain bullish. If we start running to higher levels have 3288 as up side target. So the opening moves have not been following a standard auction discovery so will be creating my plan more based on the move after the open and less of a premarket plan. But I am sure you have seen enough of these to know I will have a bearish trade model a bullish trade model and a choppy one.
The futures are going to start pushing volume forward to the September contract this week so watch for that.
In real time will be posting trade ideas in the members chat room.

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.