Quick Notes: Starting in Mid February, I have mentioned the seasonal backdrop has been weak until the second week of March and that has certainly been the case this year. While historically this changes around March 9th do not simply make assumptions that the correction has concluded. Respect the current trend (down) until evidence changes.
As I stated the past couple weeks, it makes sense to reduce the number of trade ideas so one can effectively act with increased volatility. Hit and run type market and one must remain nimble while respecting the prevailing trend. I put out a couple of short setups on Tuesday night/Wednesday morning that performed quite well - not seeing many objective setups thus far but will post on the trading community later or in morning if I find something actionable.
Please take a moment to look at the trade ideas.
3/1/21: DVT 3795 for SPX, IWM 214.2