Day trade ideas for May 6th
On opening we have a big gap down on news, these size of gaps do not often fill the following day but to see this test 2926 area is not out of the question. so a break above 2912 area it is possible we test this 2926 spot and then see how strong things are. this market could also just digest this info and chop around down here in between the areas marked. now if we move below the over night low the down side could gt exciting so will be watching for that break also.
Think to watch for is break to clean up stops, and also long and short squeezing on any break of the over night range.
Will post during the day how I see things as the day moves forward.
Think to watch for is break to clean up stops, and also long and short squeezing on any break of the over night range.
Will post during the day how I see things as the day moves forward.
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