es, spy, day trading for Jan 27th 2020
NO need to point out the obvious so i won't.
Currently we are in a large prior distribution of 3220 to 3265 and breaking this range could give a good clue to next location we head to. below 3220 I think a fast move to 3206 is probable.
Maybe with no extra news we have a big range back and forth with some very spiky moves in that range.
Will watch for break of this mentioned range and also for smaller picture trades the Red zone. but will remain leaning short till more chart information gives a clue to a short term bottom is found.
Currently we are in a large prior distribution of 3220 to 3265 and breaking this range could give a good clue to next location we head to. below 3220 I think a fast move to 3206 is probable.
Maybe with no extra news we have a big range back and forth with some very spiky moves in that range.
Will watch for break of this mentioned range and also for smaller picture trades the Red zone. but will remain leaning short till more chart information gives a clue to a short term bottom is found.
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