Thursday Mar 2 2023 SPY SPX ES Actionable Levels

Meaningful movement today breaking through the 3967 key support level and smashing the 3949-3942 levels twice in the session.

In yesterday’s newsletter, I wrote

This is exactly what happened. We broke 3967, couldn’t break back above it (accepted the level failing) and broke down to 3949-3942 twice, with one low hitting 3939.

Now we find ourselves AH just clinging onto critical support of 3945. 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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