Here's why SPY will create an explosion

Michael Esther
11-20

4 massive catalyst that will send $SPDR S&P 500 ETF Trust(SPY)$ towards $700+ or back under $650.

Here's why this will create an explosion 🧵

Here's the 4 catalyst this week:

1. $NVIDIA(NVDA)$ earnings today at 4pm EST (expected to beat and raise guidance)

2. OPEX and Volatile products are expire this week

3. THURS at 8:30am (labour market data for Sept and Oct)

4. FOMC meeting minutes today at 2pm EST.

$Cboe Volatility Index(VIX)$ likely to settle back under 16. And SPY is forming support above $655 so this area will have to hold this week.

SPY wants to climb back above 50SMA quickly at 669. Of course it doesnt have to but the season winds of NOVEMBER should kick in soon.

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