SPX for the week of March 1st, 2021
Before sharing any setups its important to take into account SPX for a broader market picture. The good news is that it looks like the risk of downside is somewhat limited, but a further fall opens up far worse possibilities. The less good news is that if we hold or bounce we will be in a high-volume congestion zone which could be a poor trading environment, especially for options. If we do not have any momentum or catalysts, we will have choppy movement.
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