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alleytrader

SPY, my plan for early part of the week

Long
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
alleytrader Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Support and Resistance
2
0
supportandresistance
The arange circle is the area i will be looking to see if we get supporting action. if we do get support with impulisive moves on monday will enter a trade. however if we go sideways with lower drift, my long would not be starting till around Tuesday.
Comment:
i added a couple more things to watch on the chart

snapshot
Comment:
We look to be opening right at the circle, let see how the opening action is. does it support the sell off overnight. or do buyers begin to show. Will be ready to respond to either.
Comment:
plan in play, see if I can take a trade tomorrow
Comment:
Bearish market, and will look to short pops that remain below yesterdays RTH session high.
Comment:
This structure we currently have is perfect. It delays entry till earliest tomorrow!

snapshot
Order cancelled:
This area held nothing, so will re look at things and post new idea. No trade taken so no harm.
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