3/2 Daily Plan

Stuck in a wedge $SPY $SPX $ES_F

3/1 Daily Plan RECAP

This is going to be a big day, bears are taking control line in the sand is recent lows at $3947. Under that a water fall effect begins.

Scenario 1 - If bulls let go of $3947 and $3954 it is a free fall to $3930 and $3921. That would be last line before a lower movement if $3917 is breached.

Scenario 2 - Bulls need IB close over $3976 to test a little higher into $3986, $3994 and try to break $4000-$4003 again.

IB close is Initial Balance Close (First Hour Of Trading)

THIS PLAYED OUT PERFECTLY we held $3947 breached a tad below but came right back AND OUR HIGH OF THE DAY $3976…. 🚨

3/2 DAILY PLAN

Scenario 1 - Must watch what this $3942 and $3947 level does, if we breach that we are looking at $3930, $3921 and lower… $3917-$3921 can act as support if broken we trend to $3894-$3900.

Scenario 2 - If bulls hold $3942-$3947 we can look for a move higher into $3963 and $3976 to test it out again.

Market is looking weaker so do be careful. I will just be following the trends and price action.

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