SPY Trading: Key Support Levels and Market Trends (E101)

Spy is currently trading at 692! It will likely find support at 690, and there is a possibility that it could make a run for all-time highs in the near future. Meanwhile, BTC is currently trading at 93k, and very little movement is expected in this cryptocurrency space over the coming days. The latest CPI print came out at a steady 2.7%, which aligns with expectations, as the Fed has committed itself to maintaining an inflation target of 2%. In the housing market, new home sales are seeing an uptick, indicating some positive momentum; however, with interest rates remaining unchanged, we might witness very little movement in the Real Estate sector overall. As we look ahead, it’s essential to keep an eye out for initial jobless claims and the Fed Manufacturing Index, as these indicators will play a crucial role in determining future market conditions and economic health.