Tuesday Mar 28 2023 SPY SPX ES Actionable Levels

Volatile session with good setups in both directions. End of day selloff leaves us in same zone as last week. Which way do we break?

March 27, 2023

In yesterday’s letter, I wrote:

This is the direction the market chose. We defended and rallied as high as 4004. then bounced around and had an end of day selloff.

It was a day full of setups in both directions! Ultimately though, we ended the day practically where we ended last week. Which way will we break?

When we were 3986 on $SPX I posted the following:

We broke down through 3978 and got within less than one point off the 3969 support and bounced off.

Below, we’ll cover the actionable levels, how I played them today and what they mean for the rest of the week.

Levels from Friday worked out great. I was able to play calls and puts for gains in both directions. More in the trade recap below. Always trust the levels!

Now we are sitting in AH just above the key 3979 support level. What does this all mean and where do we go from here? Read below for my trade plan which includes actionable support & resistance levels, outlook for tomorrow’s session and today’s trade recap.

Learn the system to make 1-3 low risk, high trades per day using SPY/SPX options.

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