March 9th, 2023
Rejection at 4000 ES
I’ve opened up yesterday’s newsletter to the public, if you are not a subscriber you can review it here:
We accurately predicted a move down to 396.60 as long we did not bid above 400.67. LOD so far is 396.59.
The right shoulder on SPY 0.00 and $ES_F continues to form, with the neckline being at $393 and $3948 respectively.
AAPL 0.00 attempted to breakout and was rejected sharply. TSLA 0.00 continued to sell off after the retest and fail (levels posted yesterday all fulfilled).
Here’s the economic data calendar for tomorrow:
I think for now we can continue to see bearish pressure to form the h&s neckline as long as we remain below 3990. Now 3979.
For tomorrow i’ll be watching these levels:
1. As long as we remain below 3990 we should retest 3948
2. Over 3990 can retest 4010 and above that 4024.
→ Below pivot targets 396.60, 393.20
→ Above pivot targets 403.75
Continued short into 175.60 from 190. Ideally need to see lower low vs today (below 180) for next move down.
Below 180 target 175.60
Inside bar today
Below 233 target 227
Above 240 target 245
Below 152 target 150
Above 154 target 156
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