SPY close analysis, 3/8/2023

SPY close analysis today. Oscillator favors the bulls at open, so unless someone majorly gaps it down (unlikely in my book) we probably confirm the osc cross and work up to retest the diagonal support zone above us tomorrow. Exactly the black guesstimate broadening wedge path outlined. No changes in my outlook. Range bound until we get the data excuse to move Friday. I'm trading light tomorrow expecting relatively low volume with mildly bullish sentiment.

Note

Invalidation of the broadening wedge level included

upslidedown

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upslidedown

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