Below are the signals for day trading don’t against it.
1.Signal bullish and mean will finish at the high= go long it till 2:30PM.
2.Signal bearish and mean will finish the day at the low= Go short it till 2:30 PM.
3. Other signal are either bull or bear but not a strong one will finish either at the high or low = range bounce up and down, finish at the middle range.
4. Lot of sell signals mean will go down a lot if not today can be tomorrow. Vise versa.
5. Risk manage: always cut lose if against our trade in case I have the fake signal, very few but it happen.
Trades are not a investment advice, consult your financial advisor for buying any stock.
Trade with the signal.
8:07 am. Futures is down, SPY-1.00. Today signal usually mean bearish and will closed the day at the low. But may be a fake bear, no sell signals see. But recent the no sell signals it did sell of big time, so alert it can be fake too. Fed rare decision out 2PM eastern time. The most watch is Powell speak @ 2:30 PM. will see very volatile today. So this signal mean either will closed the day at the hig or to the low. If trade against you, must cut.
I can’t be sure which real bearish or turn bullish, but see lot of buying pre-market. Here to watch how the market move early today to determinate bull or bear.
Bear will open push the SPY to 502.4 then fall back,break 498 will go down to 493.
Bear turn bullish will open pull the SPY down to 498,then run it up to 502.40, breakout to 510.
Personal I think we may turn bullish. This big move will not happen before Powell speak. So watch the breakout, You can jump in long after breakout.
Again this is what I think, the original signal is bearish and mean will closed at the low, so if trade against you, get out.
Buy SPY 502 call after market open and pull down to 508.
META high 435, low 425.
AAPL low 168, high 171.
Good luck.