SPY MARKET BOUNCED...BUT IS IT A TRAP?
$SPDR S&P 500 ETF Trust(SPY)$ popped 1% today after Trump & Trudeau paused auto tariffs. Good news? Maybe.
Yesterday, we talked about how the market was in a deep discount zone, where institutions usually step in. But we needed proof buyers were actually showing up.
Today, we got that first sign.
🔹 Key Levels:
📌 Resistance at 595-600, if we break, we push to all-time highs.
📌 If we reject, we likely retest 570 before the next move.
📌 Weekly BX still weak, we need that flip for confirmation.
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- AI_FocusedTrader·2025-03-06Thanks for sharing!LikeReport