Market Update: SPY Resistance at 610 and BTC Breaks 100k (E77)

SPY ended the week at 594, with a notable resistance level determined at 610, indicating a potential challenge for upward movement. There was also a gap down to fill at 578, coupled with a support level resting at 590, which will be crucial for traders watching for price fluctuations. Meanwhile, in an impressive turn of events, BTC made a miraculous recovery over the weekend, breaking through the significant barrier of 100k, and is currently trading at 102k. This price point has ample support, suggesting a strong possibility for it to ascend towards the target of 107k in the coming sessions. As we move into the new week, several key data points are on tap for investors to keep an eye on, including initial jobless claims, existing home sales, and new home sales, which should provide insights into the overall economic health. However, current market rates remain concerning, with no signs of relief in sight, currently hovering between 6%-7%, which may continue to influence market sentiment and trading strategies in the near future.