Bullish bias:Above 4000 target 4015-20If there is a failed breakdown at 3985-90 target 4015I would only consider this scenario in the first hour of trading and not as a trade idea post itI would be cautious of any longs above 4020, may see 4050 max, but the R/R is high riskBearish bias:Below 3980 target 3965If there is a failed breakout above 4000 or 4015-20 target 3985 then 3965If there is a breakdown of 3950 target 3925
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2/23 SPX, SPY, ES Trade Plan
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Bullish bias:Above 4000 target 4015-20If there is a failed breakdown at 3985-90 target 4015I would only consider this scenario in the first hour of trading and not as a trade idea post itI would be cautious of any longs above 4020, may see 4050 max, but the R/R is high riskBearish bias:Below 3980 target 3965If there is a failed breakout above 4000 or 4015-20 target 3985 then 3965If there is a breakdown of 3950 target 3925