Over the weekend, Israel and Iran continued to attack each other. But it seems Iran does not want to expand the war, so the risk of a wider conflict is low. Oil and gold prices jumped but then pulled back. Stock index futures are moderately higher before the open, and most stocks are up.
On Friday, SPY dropped to around $595, a key support area mentioned many times before. It bounced back from there. This level still matters for confirming any downside move. Today, the upside test is near $602. If the market breaks above that after the open, bulls may take control again and aim for the recent highs.
The market is closed on Thursday, so this week has only four trading days. On Wednesday afternoon, the Fed will announce its interest rate decision. The “dot plot” will be a key focus for markets. Friday is monthly options expiration and also a quadruple witching day. Institutions are also in the final days of portfolio rebalancing and window dressing.
News: The EU may agree to a 10% U.S. tariff rate. META plans to invest $14.8 billion in Scale AI.
Today, tech leaders remain the focus. Here are key resistance levels at the open:
• TSLA: around $335
• AMZN: around $215
• NVDA: around $145
• MSFT: around $480
• GOOGL: around $177
• META: around $695
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