Bullish bias:Above 3975 target 3995I would be careful with this trade and potentially lock profits around 3985 or bring the stop loss tighter inI would be cautious of any longs above 3995 - IF we were to even get there - the R/R is high risk and not worth itBearish bias:Below 3970 target 3955If there is a failed breakout above 3985 or 3995 target 3970 then 3955 with a speed bump at 3985If there is a breakdown of 3950 target 3925
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2/27 SPX, SPY, ES Trade Plan
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Bullish bias:Above 3975 target 3995I would be careful with this trade and potentially lock profits around 3985 or bring the stop loss tighter inI would be cautious of any longs above 3995 - IF we were to even get there - the R/R is high risk and not worth itBearish bias:Below 3970 target 3955If there is a failed breakout above 3985 or 3995 target 3970 then 3955 with a speed bump at 3985If there is a breakdown of 3950 target 3925