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SPY
Benzinga
53 days

How To Trade SPY, Top Tech Stocks As Core Inflation Edges Up Above Expectations

1. SPY trades at key level of 613.46; targeting bullish action above 614.75. 2. Failure to hold 613.46 may see SPY testing lower levels, down to 609.33. 3. Significant economic data is scheduled today, influencing market sentiment and trading. 4. Traders advised to adjust tactics based on market dynamics for optimal gains. 5. Close monitoring suggested of other key stocks like QQQ, AAPL, and MSFT.

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FAQ

Why Bullish?

SPY's potential to break 614.75 signals bullish momentum, similar to past surges when breaking resistance levels indicated market optimism.

How important is it?

The article provides critical price levels and market insights relevant for SPY, affecting trader sentiment and strategies directly.

Why Short Term?

Immediate economic data releases and trading signals will influence SPY dynamics today, providing a short-lived impact.

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