Trading Plan: Strategy to hold the morning position till 8.30 am open & Forcasting what will happen after 9.30

In general if there is no lower low after 7 am the uptrend will most likely continue after 8.30 am news event. After the first pullback you can see how high the voltility is and where you need to place your stop to catch the remaining 2 moves in the trend direction of the 10 min chart.

As a rule of thumb if price is above R1 expect the uptrend to continue and if price is below S1 at 7.00 am expect the downtrend to continue. Nevertheless oversold/bought markets try to fill the gaps in the S&P so at 9.30 or the 10 am news be prepared for a countertrend move.

The key thing is to not trade after 4 am till 8.30 when the trend that started after 3 am was very strong (has gone though prior day high or low, or basically there was a hugh move yesterday evening that just gets faded)

The S&P trades after 9.30 am pretty much like the dax traded after 2.30 am, and if there are gaps on a 9.30 am - 4 pm S&P chart its pretty obvious where the two moves after 9.30 am will go.