1. July Non-Farm Payrolls data will influence Fed policy speculation. 2. Extreme volatility expected from today's important economic releases. 3. SPY trading near 626.50; bullish targets identified above this level. 4. Bearish pressure below 626.50 could lead SPY towards 620.86. 5. Manufacturing and inflation data could impact market reactions.
The article indicates significant bullish price targets for SPY and potential growth, although volatility is anticipated with mixed data releases, mirroring historical examples where strong economic data drove the market higher.
Today's economic releases are crucial for short-term market movements, affecting labor market expectations and inflation outlooks which directly correlate with SPY's performance.
The focus is on immediate economic indicators that could cause volatility in SPY's price in today’s session, as seen in prior economic releases that affected SPY's hourly movements.