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Benzinga
130 days

Trading Strategy For SPY, As Market Eyes PPI Data

1. SPY pivot at 530.09; bulls target 531.57 and 534.17. 2. Failure to hold 530.09 could drop SPY to 527.36. 3. Potential bullish peak target today is 538.30. 4. Economic calendar features important data affecting market sentiment. 5. Geopolitical tensions and trade disputes increase volatility risk.

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FAQ

Why Bullish?

The article suggests bullish momentum for SPY if it holds above key levels. Historical examples show breaks above resistance often lead to upward trends.

How important is it?

The article's focus on SPY's technical levels and upcoming economic data is highly relevant for traders.

Why Short Term?

Immediate market movements are informed by daily trading levels and upcoming economic data releases.

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