The S&P has had clear lower buyers and has had clear higher sellers and now is balancing between these two levels, these levels will be used as a wide trade range or target for my trading until we move clearly from these levels. top of 2930 area and lower 2876 area. Additionally watch the orange lines for substantial buying and selling zones.
The red zone will provide me clues to the direction for today's day trades and will look to see if the 2937 gap zone is going to fill.
The move overnight is long and often helps pick the primary days move after either a open opposite reaction or a impulsive opening run.
The red zone will provide me clues to the direction for today's day trades and will look to see if the 2937 gap zone is going to fill.
The move overnight is long and often helps pick the primary days move after either a open opposite reaction or a impulsive opening run.