Bullish and Bearish Scenarios: February-March 2015

Look for the (A) Bullish and (B) Bearish scenarios on the chart with explanation.

I personally still do not believe that we will break past the 255-270 area. I think we might test 260ish within the next few days but we will fail there. However, I am always open for the bullish scenario once I see a huge breakout with good volume! - a good trader always look at both sides.

Conclusion: I am leaning bearish slightly for now.

Good luck and be careful from fakeouts!