SPY Market Trends: Cautious Sentiment and Key Resistance Levels (E89)

SPY retreats as tech earnings post, reflecting the cautious sentiment in the market. Currently, SPY has a gap to fill from 637 to 643, a critical area where it is expected to encounter significant resistance. Meanwhile, Bitcoin seems to have retraced down to 110k, which has raised several eyebrows among investors who are closely monitoring the cryptocurrency’s volatility. As interest rates continue to be on everyone’s radar, with many anticipating a 25 bps cut, the tension surrounding monetary policy remains high. Do you think the Fed will finally give in and cut rates, responding to the growing concerns about economic health and inflation? Or are the ongoing tariff wars and geopolitical tensions preventing them from making this pivotal move? The interplay of these factors will be crucial in shaping market sentiment and investor strategies in the weeks to come.