More Geopolitical Tension & ES Is Back At Support - Monday Feb 28th Plan

ES Futures opened with a large gap down as markets processed a *very* eventful weekend of geopolitical headlines. From a technical perspective though, little changed: We remain in the same volatile, headline driven market we have especially been all year, and its cuts both ways as we see rapid selloffs, followed by rapid short squeezes, repeated. In my Friday update, I posted 4260-80 was core support, and that an extreme overbought RSI meant that a pullback would be necessary, and the futures open tonight hit two birds with one stop. We got the pullback right to core support 4260-4280, and we are beginning to cool-off the RSI. Important decision zone - I’ll get into why, but I would expect a volatile, trapped few days ahead