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Benzinga
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How To Trade SPY, Top Tech Stocks As Initial Jobless Claims Hit 247K Vs. 235K Expected

1. SPY is currently trading around 596.57, key levels identified. 2. Bull target for SPY is 601.22; bears eye 589.71. 3. Today's market includes important economic data releases. 4. Heightened volatility expected from Fed speakers and economic reports. 5. Investors advised to watch technical levels carefully.

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FAQ

Why Bullish?

Current trading near critical levels suggests potential upward movement in SPY, with historical bullish setups often preceding gains after similar resistance tests.

How important is it?

Upcoming economic data and technical levels significantly impact SPY's trading range and sentiment.

Why Short Term?

Immediate sensitivity to economic reports means movement expected today but may stabilize afterward.

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