SPY close analysis, 3/13/2023

13 Mar 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).