SPX levels were called accurately in yesterday's note, and the index held strong while hitting the exact upside targets. Tech earnings then pushed SPX straight through those key levels, closing up 0.72%. $Eversource(ES)$ _F
Now the question is whether $SPDR S&P 500 ETF Trust(SPY)$ can keep this momentum going toward fresh all-time highs. There are some pivotal events ahead, including the Fed Chair speech at Jackson Hole and key economic data releases, both of which could shape market sentiment. Staying alert for any strategic adjustments makes sense here.
The index is currently consolidating above the 7719 support level.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
