What to Look for in Thursday's Trading

Key Support between 1142 and 1146. If we trade down to these levels I will be looking for a Long Scalp that could turn into a swing trade preferably around 1144. The way that works is that you take half your position off the table for a quick profit anywhere from 1.5 to 3 points, then you let the other half position go for a runner to the upside. If trading comes back down below your entry, you exit the 2nd half of the position for no loss...

If we trade upwards tomorrow, I will look for short entries at three different target ranges.
1: 1170 to 1173
2: 1175 to 1177
3: 1182 to 1185

I will pick the best reversal scenarios within those ranges based on price action...

Market Opens Lower

We already bounced off a key support level at 1155 on the ES. The next major support level is between 1143 and 1145. I will be looking to enter long positions in that range. These will be scalp longs while leaving at least half the position open for a potential runner to the upside.

Looking Ahead to Wednesday's Open