SPY Faces Resistance at 694.87 Fed Rate Decision Impact (E103)

SPY is making a run to all-time highs, currently trading at 694.87, where it is facing significant resistance that traders will be closely monitoring. This week, we have the highly anticipated Fed announcement regarding interest rates, and it raises an important question: do you think we will see a rate cut, or are we going to maintain rates as they are? Many analysts believe that the current economic indicators could influence the Fed’s decision, making this announcement pivotal in shaping market expectations. Meanwhile, Bitcoin (BTC) is trading at 87k, yet it shows no signs of bouncing back, which has traders concerned about the future of cryptocurrencies. Additionally, the real estate market is experiencing a notable increase in inventory, particularly with the launch of the Dream for All equity program. This initiative aims to make housing more accessible, but as homes sit on the market for longer periods, we may finally witness a significant shift towards a buyer’s market, where buyers could gain more negotiating power and potentially lower prices, creating a ripple effect throughout the housing sector.