SPX500 lines on chart are 5 to 8 points higher than the ES numbers posted below
This was the 8:300 premarket post;
ES today, The big multi day distribution is the real indicator to what the big picture market wants to do so pay attention to that when we got to those levels. But for today's trade ideas I am looking at 2840 and 2875 for the break outs and inside that for back and forth trading like we have been having. The primary idea I have is a opening move down possibly to the 2840-2845 area for a solid bounce to test or break the top boundary of 2875. The secondary idea will be a choppy back and forth muted action and will trade the tops and the bottoms of the range after it is established.
This was the 8:300 premarket post;
ES today, The big multi day distribution is the real indicator to what the big picture market wants to do so pay attention to that when we got to those levels. But for today's trade ideas I am looking at 2840 and 2875 for the break outs and inside that for back and forth trading like we have been having. The primary idea I have is a opening move down possibly to the 2840-2845 area for a solid bounce to test or break the top boundary of 2875. The secondary idea will be a choppy back and forth muted action and will trade the tops and the bottoms of the range after it is established.