Friday Mar 3 2023 SPY SPX ES Actionable Levels

Bulls defend the 3920 level after overnight breakdown. Afternoon rally to 3990 then light sell off into the close.

March 02, 2023

In yesterday’s newsletter, I wrote

This is exactly what happened. In the overnight session we broke 3932 and bounced precisely off 3920.

In the regular session, we had one final move to test 3928 and chopped around until the afternoon brought us up to 3990 and then sold off to close 3981.

Now we find ourselves AH just clinging onto support of 3975. What does this all mean and where do we go from here? Read below for my game plan which includes actionable support & resistance levels, outlook for tomorrow’s session and today’s trade recap.

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