16% gain from open breaking out of range highlighted from yellow zone. ⚠️ Looking for calls above 405.36 and puts below 404.03 on Tuesday after Fed Chief's testimony at 10am. Expecting huge moves from his speech thereafter so let's watch and be patient. Join me to profit from the news, trading strategies and daily range levels posted 🤑
The SPDR S&P 500 ETF Trust (NYSE:SPY) traded slightly higher Monday morning to kick off a big week for investors ahead of Federal Reserve Chair Jerome Powell's two-day testimony to Congress on Tuesday and Wednesday.
The bond market is pricing in a 30.6% chance the Federal Reserve will ramp back up to a 0.5% interest rate hike later this month. The market is also pricing in a 48.6% chance the Fed will raise rates by at least another 1% by July. Expectations for a Fed pivot have now been pushed out to early 2024.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.
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