ES, SPy, day trading for July 16th
The overnight is balanced action right around the ATH area and is definitely pointing to the market moving to higher levels yet again.. so moves above 3018 (add 4 for ES #) or move down to 3012 I will be stalking a long position. Any move below 3012 could see retrace down into the lower marked levels and if this becomes impulsive even lower. However I will be leaning more long until the down side shows some momo, and the measure tot eh up side is not massive but the action could go much further so will see what happens at the 3021 area.
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