Daily Plan 2/28/23

Recap 2/27/23

Key support at $3976 held again and Key resistance around 4021-4025 still keeping us in play for a range.

Be smart and take advantage of these up and down swings here. The levels have been extraordinary.

Daily Plan 2/28/23

Inverted hammer to watch $ES_F $SPY

Scenario 1- Bulls must hold key level $3970-$3976 if it comes into play again.

$3970, $3976, $3986 key supports to hold and watch for. If held watch for a bounce to $3994, $4000, $4007 and higher.

Scenario 2- Key resistance levels $4007, $4021, $4025 and 4035 come into play again. $4035 is a big breakout spot for a move to $4054.

We have been looking at lower highs almost daily so that is a bearish sign for the market going forward as of now…

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