SPY Trading Insights: Key Support and Resistance Levels to Watch (E87)

SPY trading at 626 has support at 620, which is a critical level for traders to monitor; if it holds, we could see increased buying interest that might gain momentum and push the price towards 634, where it is likely to encounter some resistance due to selling pressure. Meanwhile, Bitcoin is currently trading at an impressive 114k, a significant price point that reflects the ongoing interest and investment in cryptocurrencies. This week, it’s essential to be on the lookout for important economic indicators such as S&P Global Services data, the 10-year note auction, Initial Jobless Claims, and the highly anticipated 30-year bond auction, all of which could have substantial impacts on the market sentiment and trading strategies.