04/30 ES day trade

It's a day with opportunities, but it needs money management skill because it's a wide range day.

From misc

1. short below of low of the bar 5 is no brainer.
2. after test the previous day's low, market could bounce strongly from here.
3. wedge till bar 10.
4. the first target of bounce is the wedge high, bar 8 high
5. The 2nd target is MM of the wedge. Bounce finishes to the tick. Every one uses the same chart.
6. Now this is the tricky part. Market could form a bullish wedge. Also it could form breakout pullback after bar 25.
7. But it fails after bar 32. Bulls tried twice on bar 26 and 28, and failed. Early warning.
8. Next downside target is obviously SPY gap, not just ES gap. 2 points difference. Again, it is down to the tick.
9. Short from low of bar 53 and 60 is common sense.
10. Market wants to close at the low. 2 MM targets are at 1184 area.

Coming into Monday 05/01, market could form a bullish wedge; if it fails, MM down.