Hi everyone, sorry if I did not make any post early on the week. I was waiting to see something, before make any post. Tomorrow we will see some nice direction, and good trade can be taken on different instrument to day.

day trading SP500 Direction

SP500 240Min

We are in down trend. And we have 2 lower low trend. The next step is to see if we can make the 3rd one. But sellers have some interesting resistances. Than may make them fail. Will show on 60minutes.

The reason I’m not on 1440Min, is simply because, we are still in Consolidation, and we have no direction for long term.

Actually I’m looking to see August finish on DOJI, or close to.

Day Trading ES

On this chart we have up to 4 resistance to watch for. Everyone are important , the most is the 3rd. If we close under the 3rd resistance, we having a 3rd lower low trend.

As I making this post, it look like Sellers fail to close under 1st resistance, and we have 20 minutes left before market close. I’m looking to see buyers go back at 1687.00 price, and show that they still want to control it and ready to fight for.

So far I’m concentrated just to see market direction.

*Market Are very volatile on ES this month. So be very carefully on your trades, especially if you take on daily!