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Benzinga
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How To Trade SPY As Market Awaits JOLTS Data

1. SPY trading at pivotal levels; initial strength seen at 557.44. 2. Bullish momentum could lead SPY to 560.83 if it holds above 556.27. 3. Failure to stay above 556.27 could trigger selling pressure towards 553.66. 4. Today's economic data expected to increase market volatility. 5. Investors should manage risk due to upcoming tariff announcement.

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FAQ

Why Bullish?

Current market conditions show potential for sustained upward momentum, similar to previous bullish phases.

How important is it?

The analysis of SPY's levels and economic data is crucial for investors.

Why Short Term?

Immediate trading dynamics due to market volatility and economic data releases suggest short-lived movements.

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