📅 Market Update – SPY’s Big Move

After weeks of a downward trend, the market finally showed some strength today, with the SPY surging 10 points—a significant move that traders are closely watching. To Subscribe: https://go.trade-ideas.com/SHQ
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Breaking Down the SPY’s Weekly Chart

Looking at the weekly chart, we’ve seen multiple red weeks in a row. However, this week showed signs of a recovery, bouncing off recent lows. While no one can predict where the market is headed, today’s strength suggests we could see further upside if momentum holds.

Key Catalyst: Consumer Sentiment Data

A major market-moving event today was the consumer sentiment report, which initially looked like it could send the market lower. There was a moment where the SPY hesitated, but instead of breaking down, it held its ground and ripped higher, confirming buyers stepping in at key levels.

What’s Next?

With today’s strong price action, traders will be watching next week’s open closely. If this rally sustains, we could see further upside in the broader market. However, external factors like tariff news and global events remain a wildcard, so staying flexible is key.

🚀 Trade Smart & Stay Disciplined

Have a great weekend, and see you Monday!