$SPDR S&P 500 ETF Trust(SPY)$ -To The Moon - Tiger Brokers Online Investing Community - To The Moon

$SPDR S&P 500 ETF Trust(SPY)$

📈 $SPY RETESTING!

• SPY is retesting an important trend line and we also have a bull gap right under.

• If we gap down under the bull gap that is open there is a high change we will see a steeper pull back into the end of the year.

• This is a scenario to have in the back of your mind and is important where every bull gap will act as support as we drop lower but creating an island top I believe we can see 570s before higher.

• Bulls need to break 600 or chop continues.

OPEX Friday. Good luck everyone!

No Rate Cut in Dec.? Market Ready for a Pullback?

U.S. stocks closed lower on Thursday after Federal Reserve Chairman Jerome Powell stated there is no need to rush rate cuts, hinting that a rate cut in December is unlikely. Initial jobless claims in the U.S. fell to their lowest level since May last week. Producer prices accelerated in October, indicating an upside risk to the Fed’s preferred inflation gauge. ---------- How do you expect the rate cut? Will rate cut estimates cause a big decline?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

AuntieAaA
11-16 12:04
AuntieAaA
Good
YueShan
11-16 00:34
YueShan
Good ⭐️⭐️⭐️

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