Monday Mar 6 2023 SPY SPX ES Actionable Levels

Overnight bulls defended the 3971 level and then launched massive 1.7% rally to close at 4045. But what does this mean for next week?

March 03, 2023

In yesterday’s newsletter, I wrote

This is exactly what happened. The market made it’s decision and rally it did. Today was a massive day for the bulls and for the levels. Overnight the 3971 level was defended and then broke 3976, 3991. 3999-4001 was preserved after the open and then it was off to the races for a squeeze to 4045.

Now we find ourselves AH firmly supported by the 4046 level. 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 Monday’s session and today’s trade recap.

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