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How To Trade Spy, And Top Tech Stocks As July CPI Takes Center Stage

1. CPI report today could influence market sentiment on inflation. 2. Thomas Barkin's insights may affect interest rates and economic growth forecasts. 3. SPY's resistance at 636.75 could signal bullish movements if surpassed. 4. Important support levels for SPY are noted at 635.50 and 634.00. 5. Expected volatility around economic data releases may prompt sharp price movements.

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FAQ

Why Bullish?

Historical data suggests strong CPI readings can drive SPY up. Positive earnings reports have previously led to upward SPY trends post-CPI.

How important is it?

CPI impacts market expectations significantly, making it crucial for SPY price movements.

Why Short Term?

Immediate market reactions to CPI data can lead to volatile trading sessions, impacting SPY quickly.

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