Market Watch: $SPY Struggles Near Resistance Levels Ahead of Jobs Friday, Failed Rallies at 515, Support at 508.5

$SPY, an ETF tracking the S&P 500, showed varied movements as traders anticipated the Jobs Friday report. The stock fell at the open but closed near highs, struggling to surpass key resistance levels. Despite challenges, it held above certain moving averages and support levels, with a focus on the failed rallies at 515 and support at 508.5. The stock also faced resistance at the 50-day moving average. Overall, the market remained cautiously optimistic about a positive finish.