alleytrader

alleytrader Updated 

Trading short from range tops and longs from range bottoms, This is a chop zone and will keep trading this way until range breaks. The range may expand before breaking so be on the outlook for that.

alleytrader Updated 

will be watching red line for break to up side to target next higher red line. A break lower will toss long out the window.

alleytrader Updated 

There is a down channel that now has just brought us back into a very big up trend. Today will be looking to see what the market is going to do in relation to last week. Last week we had negative month, negative week and negative day after day. Today has anything changed? Only thing i have to ask my self.

alleytrader

Just noticed this so had to share it. Does not mean much till we get there and see if the market is respecting that or continues down. All i do all day is collect data points, then let the market tell me it cares about my data.

alleytrader Updated 

Market is in a very big sideways range and then over the last 3 weeks has been engulfing each prior week. The trade to me is back inside the expanding range. Keep an eye on very big picture weekly, Monthly to see if overall sideways trend changes. outside the daily action a bigger trend should develop.

alleytrader Updated 

Below today's large down move is a high volume target. Then just below that is a low volume area, know for fast travel. I will be watching how the market opens, and if moves more down and gets into the low volume you could see 380. Today got very sold and may see some dip buyers but will wait for morning to set stage for next few days.

alleytrader Updated 

Yesterday almost stayed inside mentioned range. It did provide some excess so yesterday could be a temporary low. End of day had large amount of stocks moving up. I will still be watching same range as yesterday, but looking for a bit higher high and or a bit lower low. This will be driven by the spots outside yesterdays range. Only thing on chart that is changed...

alleytrader Updated 

The green and red lines mark the boundaries of the outside of 7 inside hourly bars. will not pick a side tile the market does.

alleytrader Updated 

I am focusing on lower or higher highs. My bias for entry is bullish. Entry means new shorter term trades will be long. Will be longing for a lower high. If the market does not come as a lower high then focus on higher high and remain Bullish. When we roll over to the short side I then will trade short and look if we get lower lows or higher lows. I Enter...

alleytrader Updated 

If the S&P 500 can get above 3966 on the ES then the 4000 area on the day is my upper target. Do not think this is a likely break but just in case. For teh short side looking a using the overnight low as support.

alleytrader Updated 

Today gives me some info. so will be looking to how the market acts from here.Does it take out yesterdays high or low. And at that time does the internal action of the S&P agree. When these two events happen either long or short I will them be entering my trade.

alleytrader Updated 

the two line are marking the inside of the 15 minute as it was at time of posting. If this remains the same the following candles will look for a trade from the action outside this range. I personally would like long better, staying in the range. This said short momentum is there.

alleytrader Updated 

This is the retrace i was looking for, and has returned the market right back to the prior double boxed area on chart. would expect we test the bottom of the box. That is the level will have the radar on full alert. ES 4088 is the zone i see possible support. Today will look to take advantage of the weakness but do think a chop or small retrace back up to 4170 area.

alleytrader Updated 

Last week posted this box, we now have reached the top of the upper box. 1 of 2 things are about to happen but both have potential to provide some market resistance. 1 is the box top, the other is an stop sweep over prior levels. I will be forming a trade from the action not the lines.

alleytrader Updated 

Today an inside day trading inside first hour. will take a trade either direction looking for a break of yesterday. If that break does not happen or we go back to middle i will exit trade. So up or down works for me. This is not the long term trade I am looking for but could evolve into that trade.

alleytrader Updated 

I have put a box around the areas of interest to me. Also have put areas of target that could easily be stops waiting to be hunted up. We are currently in the gravity of a 6 day market orbit. 100% expect a break out, but until we do trading outside to the inside but expect each swing to get wider. So this could start to feel very trappy.

alleytrader Updated 

4135 watch for rejection, 4120 will be sticky Looking to see if market rolls over at 4135 for a nice short to below the overnight low. Day trade only.

alleytrader

Will be interesting to see if this level is support for a while. Also the RST I drew last year sure worked , wow if it sees the high line.