S&P500 ETF SPY Testing Support
📉 **
SPY Testing Key Support!** 📈
The **S&P 500 ETF (SPY)** is pressing against a critical support level — the **green trendline** that's been a pivotal bounce zone for months. Will it hold or break? 🤔
🔍 **What’s driving the move?**
- 🔥 **Hawkish FOMC Outlook**: The Fed now sees **fewer rate cuts in 2025 (2 vs. 3 expected)**, keeping rates higher for longer.
- 📢 **Geopolitical Risks**: Powell noted some Fed members are factoring in possible **Trump-era policy risks** (think tariffs & deportation) into their forecasts.
- ⚠️ **Market Reaction**: Growth stocks are under pressure as higher rates impact valuations.
📊 **Why It Matters?**
- IfSPY holds the support, we could see a technical rebound. 🚀
- A breakdown below the green line could signal further downside risk. 📉
👉 **Traders, are you buying the dip or waiting for the break?**
Drop your thoughts below! ⬇️
SPY Testing Key Support!** 📈The **S&P 500 ETF (
SPY)** is pressing against a critical support level — the **green trendline** that's been a pivotal bounce zone for months. Will it hold or break? 🤔🔍 **What’s driving the move?**
- 🔥 **Hawkish FOMC Outlook**: The Fed now sees **fewer rate cuts in 2025 (2 vs. 3 expected)**, keeping rates higher for longer.
- 📢 **Geopolitical Risks**: Powell noted some Fed members are factoring in possible **Trump-era policy risks** (think tariffs & deportation) into their forecasts.
- ⚠️ **Market Reaction**: Growth stocks are under pressure as higher rates impact valuations.
📊 **Why It Matters?**
- If
SPY holds the support, we could see a technical rebound. 🚀- A breakdown below the green line could signal further downside risk. 📉
👉 **Traders, are you buying the dip or waiting for the break?**
Drop your thoughts below! ⬇️
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.