S&P 500 Breaks Streak, Analysts Monitor $SPY, $QQQ and $SPX Support Levels
Last week, the S&P 500 closed red, breaking a streak without back-to-back red weeks since October 2023. Market analysts observe key support levels for $SPY and $QQQ, with technical analysis suggesting potential bullish or bearish movements. Traders anticipate price movements in the $SPX and $SPY, with predictions ranging from a dip to potential all-time highs. The market shows signs of volatility with various indicators and support levels being closely monitored.
Sources
Abigail Doolittle
Nasdaq 100 -1.2% and #stocks at session lows on these headlines for a carry-through of last week's hot CPI/PPI theme $NDX $SPX *FED MINUTES: MOST OFFICIALS NOTED RISKS OF CUTTING TOO QUICKLY *FED: SOME OFFICIALS SAW RISK INFLATION PROGRESS COULD STALL
RJR Capital $SPY prediction set. Bearish? https://t.co/1bAjQoa73C
Seyed OptionRoller coaster in tight range $spy 494.89 496.45 $qqq 423.08 425.08 Breaks either way bigger mover comes, otherwise premium killing both side for otm https://t.co/D256iNzZZh
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