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Benzinga
77 days

How To Trade SPY, Top Tech Stocks Using Technical Analysis

1. SPY trades at a critical level around 592.00, indicating potential volatility. 2. Bulls need to push prices above 593.73 to target 595.14 and 596.57. 3. Failure to hold 592.00 could lead to a decline towards 589.71 and 587.31. 4. Market volatility expected due to significant economic data releases today. 5. Traders should remain alert for breakout or reversal opportunities.

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FAQ

Why Bullish?

Current bullish targets (593.73, 595.14) indicate upward momentum potential. Historical instances show similar price levels often lead to bullish extensions when breached.

How important is it?

The article provides current price levels critical for trading SPY, impacting short-term strategies significantly.

Why Short Term?

Immediate price targets are attainable within the same trading day based on market dynamics.

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