Bearish bias: Below 3980 target 3965 - If there is a breakdown of 3960 target 3940 - If there is a failed breakout above 3995-4000 target 3965 - Bullish bias: I honestly can’t provide any bullish bias here - not to say it doesn’t exist like yesterday when we took 4010-4035 as a scalp and counter trend trade. You have to be quick in/out on a trade like this so I am not going to recommend any bullish bias here today
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March 8, 2023 SPX, SPY, ES Trade Plan
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Bearish bias: Below 3980 target 3965 - If there is a breakdown of 3960 target 3940 - If there is a failed breakout above 3995-4000 target 3965 - Bullish bias: I honestly can’t provide any bullish bias here - not to say it doesn’t exist like yesterday when we took 4010-4035 as a scalp and counter trend trade. You have to be quick in/out on a trade like this so I am not going to recommend any bullish bias here today