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Benzinga
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How To Trade SPY, And Top Tech Stocks As US Economy Shrinks In Q1 Fueling Recession Fears

1. SPY trading around 552.50; key resistance at 553.66. 2. Watching for potential bearish shifts below 552.50, aiming at 551.33. 3. Major macroeconomic data could impact market direction; ADP and GDP data released. 4. Strong trading activity expected; be prepared for rapid shifts. 5. Daily levels updated for SPY indicate key trading points today.

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FAQ

Why Bullish?

The bullish levels for SPY indicate potential upward momentum, suggesting strength among traders.

How important is it?

Market sentiment is critical with significant data releases expected, influencing short-term trading strategies.

Why Short Term?

Critical economic data release implies immediate market reaction potential; expect short-term volatility.

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