SPY Briefing for Tuesday 3/12/24

SPY Briefing for Tuesday 3/12/24

Mar 12, 2024

Not much has changed going into tomorrow except SPY recovered its dip below the 10dma again. It's been riding that up since breakout out over 480 so I'll be watching a breakdown below that level closely. BTFP ended today as well, so we'll see how markets react the rest of the week.

510.38 will be the level I'm watching tomorrow and am intraday bullish above and bearish below. Resistance will be 511.28, though we broke above that with significant strength after-hours - not sure why. We'll see if we open above or below that tomorrow.

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