Gm everyone . Similar as yesterday same dangerous range KEY ES resistance 1682 but key support 1671 this ping pong is very dangerous. This is NOT a time for overnight besides long term play eg stocks or long term options or spreads.
This is a Hit and run small sizes market…the best we can get is a decent retracement from 1682 and then a buy..bare in mind here that any news will crush either side. The only thing I keep in mind is buying strong stocks on retracements to stay in the trend.
Ideally if AAPLE holds 470-480 now that could be the play but we need NEW HIGHS pretty soon here on AAPL.
GOOG no longs for me till stay and close above 891
ES- SPY dangerous ping pong here between 1666-1671-1675-1682-1688 this 22 points are very tricky.
Keep an eye on the DOW 15k ROUND NUMBER – SPY key 169.75 resistance-168.12-167.72 support -Bonds Key ZB 132.20 support
