Levels & thoughts for 2/28 Tuesday
Battle continues with narrow range on E-mini/SPX
Both during night session and RTH sessions, levels and setups kept on working like charm.
During night session we had no short above 3992, once 3992 turned support, bulls ramped up in night session after 3 am EST which is when action starts.
We were long after 10 am econ & then shorted against 4006 after 10:30 am couple times scoring multiple points. We avoided most of afternoon chop by defining chop area and then shorted against 3996 at the end of the day. Basically we stayed with market after 10:30 by selling all the rips.
Econ Tomorrow:
Tuesday 10:00 EST CB Consumer Confidence (Feb)
I suggest to not trade night session from 10 pm to 2 am chop. If action has to happen than it will happen before 10 pm or after 2 am EST. You can generally play edges to short and go long after 2 am. But get out of the way if it rips thru edges and wait for new opportunity or flip. And of course never add to loser and better yet cut it and reset.
4010 on ES and 4k On SPX is big put wall.
Rest of the content is for paid sub stack users and is also shared with users on private twitter/telegram via message.