Bullish bias:I would be cautious of any longs above 3990 - IF we were to even get there - the R/R is high risk and not worth it - instead look for key breakdowns that failIf there is a failed breakdown of 3950-55 target 3975Bearish bias:Below 3980 target 3955-60If there is a failed breakout above 3990 target 3955 with a speed bump at 3980If there is a breakdown of 3950 target 3925
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2/28 SPX, SPY, ES Trade Plan
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Bullish bias:I would be cautious of any longs above 3990 - IF we were to even get there - the R/R is high risk and not worth it - instead look for key breakdowns that failIf there is a failed breakdown of 3950-55 target 3975Bearish bias:Below 3980 target 3955-60If there is a failed breakout above 3990 target 3955 with a speed bump at 3980If there is a breakdown of 3950 target 3925