alleytrader

alleytrader Updated 

Looking like one more day of range trading inside the big distribution. So long bottoms and short tops, only thing that changes that is a solid break of the distribution.

alleytrader Updated 

Quad witching day so this is normally a choppy day. Friday is not a day to press hard. The prior day low is just above the lower distribution placing it at the bottom of a massive balancing range. This range is more pronounced in nasdaq. Will be looking to see if buyers are ready to step in and support this area if not we move into the lower distribution, next...

alleytrader

Market is testing the distribution, and even with the big overnight down move no conclusion to direction is established. The same bottom level of yesterday is in play at 2924 however the top level is a long ways up at overnight high. My primary idea until one of the two sides are violated will trade this range back and forth. The top of this play can also be gap close.

alleytrader Updated 

Overnight is soft but in the upper boundaries. Will look for a test of 3925 at this level looking for more indication from that point. 3954 is the upper boundary keeping me sideways or bearish if remaining below that level.

alleytrader

Bullish overnight but tiny range. biggest range came in the Nasdaq overnight, and was mostly bullish. Will look for impulsive breaking above overnight top range. move below 3946 would take us back to prior day 3926

alleytrader

Leaning bullish unless middle blue line is broke, then will target lower blue line. Opening idea will be trade of impulse up or a open move down to middle blue line for a long. Simple plan for the day.

alleytrader Updated 

Overnight is balanced but below yesterday's value range. I will be watching the overnight range to see if a test of prior days high or prior days low is going to be in play. Any move past these test levels is a strong indicator of the day move to the other side of a multi days range. Opening action will tell me lots about the possible unbalancing trade. The values...

alleytrader

Overnight is balanced leaning bullish based on prior day range. yesterday's high and low are the boundaries I will be watching to to help find bigger direction, Primary idea will be to look for shorts at 3880 area and longs from either 3825 or 3815

alleytrader Updated 

Overnight it was balanced until the employment report and has now gone bullish Moving the indices into prior day upper distribution. We may have to look back one day to get to the upper target range after breaking above 3810. A good open will be a move back down to 3770 for a nice long, however this needs to be watched closely for failure at that level. Also a...

alleytrader Updated 

Yesterday closed on the low and then overnight traded almost completely below the close Unless we get above 3832 this market remains short. watch 3775 as support ( a target I had from days ago) and 3832 as Resistance. Inside these numbers I remain neutral for the day.

alleytrader

we have two measured moves an a virgin poc in this area of 295-300 so good level for support

alleytrader Updated 

Overnight action is short but in the top of prior days range. Will be watching close for a consolidation. Not going to act fast and let market give me it's intention. After yesterday bit up move will favor long, but will see if market is going to go along with that idea. Look for an impulsive move and then play off that move, if the impulse take us close to the...

alleytrader

Overnight accepted the down move so with out a test above overnight high will be looking for chop or shorts. we do have a lower target of 3775 if we take out overnight lower boundary

alleytrader Updated 

looking like a long leaning day, but could top range chop also. Will remain bullish to as low of 3874, a nice bounce area. Will look to see f an opening impulsive move provide a decent spot top jump on board.

alleytrader Updated 

Overnight tested both sides before testing prior days top of range. overnight also was complacent with higher prices of session. This leaves me looking long but aware it could be a choppy session after the massive lift yesterday. will play off 3862 and 3897 and look for breaks as doing so. Also have marked targets above and below this range in the event we break out.

alleytrader

Overnight tried to balance and then printed more shorts than longs. below 3872 i lean short, looking for impulse lower or a rejection at mentioned level to get short. Added a new watch level that will want to resolve. 3829

alleytrader Updated 

Bearish overnight moving below the big balance zone, making me lean short. Will be watching 3850 for strong clues of further weakness or a bounce back into prior big range. There are some open places below that the market could retest with little surprise and each one could be bounce spots. Big picture still bullish, but today will be open minded leaning short.

alleytrader

Looking for a choppy to bullish day as long as ES remains above 3908, and if go below then prior day value low is target. Looking for good levels to try a long trade and watching close for 3929 to be resistance. The upper R is the overnight high so it could migrate up before the open. Also Friday rules apply with the additional caution of monthly option expiry.