SPY close analysis, 3/13/2023

With multiple rejections of the long term trend line (I've now marked this as a potential diagonal supply zone) and the blue liquidity zone, there is nothing bullish about where we closed. BUT with huge data releases tomorrow there's no real point to reading much into what TA tells us because data is going to let the market rip whichever way it decides to rip (probably a fakeout first followed by the "real" move).

upslidedown

❤️ Pro indicators whop.com/upslidedown/
💎 Chat with me about indicators and strategies: discord.gg/Psf9PV6Urf
💎 Get my %R Trend Exhaustion indicator: bit.ly/prte

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.