Today brings us 3 news catalysts which should drive pre-market data. If we get a neutral outcome on those expect a very tactical balanced/range based day. If you have profits especially hitting 10-20% lock them up with stop losses. I don’t expect to see a large trend day nor a large reversal like today unless the data proves hotter or more negative than forecasted. Thus, mark the key levels, review the trade plan and be ready to act based on the data.
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March 15, 2023 SPX, SPY, ES Trade Plan
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Today brings us 3 news catalysts which should drive pre-market data. If we get a neutral outcome on those expect a very tactical balanced/range based day. If you have profits especially hitting 10-20% lock them up with stop losses. I don’t expect to see a large trend day nor a large reversal like today unless the data proves hotter or more negative than forecasted. Thus, mark the key levels, review the trade plan and be ready to act based on the data.