es, spy, day trading for Feb 12th 2020
spx is about 1 point higher than ES so very close to same numbers
the action over night is all long and finding a balance at the top of the over night action so my primary thought is long, however each day has been sold off till late in the day when the buyers step back in so be very careful. I will look for a early break out and then be prepared for the follow up selling.
A break down of the red zone could see a fast move to 3350 - 3355 and this is where buyers will need to step in for today so import area to watch on the day if we even get close to the level.
the action over night is all long and finding a balance at the top of the over night action so my primary thought is long, however each day has been sold off till late in the day when the buyers step back in so be very careful. I will look for a early break out and then be prepared for the follow up selling.
A break down of the red zone could see a fast move to 3350 - 3355 and this is where buyers will need to step in for today so import area to watch on the day if we even get close to the level.
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