A couple of days ago I said to expect a test of 3900 SPX. (You can read that article here.) We got that today. Friday is non farm payroll. Regardless of that number I expect further downside as March unfolds. My current positions In Target Zone Trading are short JPM from 143 (now 131) short SQ from 77.50 (now 73) and short DKNG from 17.75 (now 18.60).


One other stock that has my attention is CHWY. Large bear flag. Will be looking for a potential entry here, especially on the next bounce in the broad market. Keep an eye on your inbox and I will send more alerts as I see them.
Thanks,
Joe
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