Technical Analysis For Trading SPY And Top Tech Stocks, As Market Braces For Fed Rate Decision RIPS Markets

Good Morning Traders! In today’s Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.

Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market.

We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market’s pulse to optimize your trading gains. Now, let’s dive into the stock analysis:

SPDR S&P 500 ETF Trust ( SPY)

SPY is auctioning near our critical level of 561.90. Bulls need to drive price action upward to reclaim 563.23. Sustained buying above this area could propel prices to our next pivotal support at 564.29. Maintaining strength above 564.29 through regular trading hours would set the stage for a rally toward 565.38. Our high bullish objective today for SPY stands at 566.46. If support at 561.90 fails, bears will likely attempt a downward push targeting 560.83. If selling pressure intensifies at that level, expect further downside toward 559.75. Should sellers overwhelm buyers here, the next critical zone to watch is 558.32. In an aggressively bearish market today, our ultimate downside target for SPY is at 557.44.

Invesco QQQ Trust Series 1 (QQQ)

QQQ is currently trading around our significant marker at 483.95. For bullish momentum, we’d like buyers to establish control above 486.10, securing it as firm intraday support. Successful consolidation here would likely extend buying toward 487.69. If momentum persists, look for the bullish sentiment to target 490.05. With a robust buying presence, QQQ could test higher levels, approaching our bullish goal of 493.60. Should QQQ fail to sustain itself above the 483.95 level, anticipate bears pressing downward toward 481.73. Continued weakness would drive the auction further to test 479.03. An aggressive sell-off could see prices rapidly approaching support at 476.85. A decisive break here would expose our low bearish target for today at 474.66.

Apple Inc. (AAPL)

Apple is currently auctioning near our key pivot at 200.53. Bulls must solidify the support at 198.22 and launch a push higher toward 202.29. Continued positive sentiment could spur additional gains up to 203.48. If bullish strength dominates today’s …

Full story available on Benzinga.com

Good Morning Traders! In today’s Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.

Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market.

We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market’s pulse to optimize your trading gains. Now, let’s dive into the stock analysis:

SPDR S&P 500 ETF Trust ( SPY)

SPY is auctioning near our critical level of 561.90. Bulls need to drive price action upward to reclaim 563.23. Sustained buying above this area could propel prices to our next pivotal support at 564.29. Maintaining strength above 564.29 through regular trading hours would set the stage for a rally toward 565.38. Our high bullish objective today for SPY stands at 566.46. If support at 561.90 fails, bears will likely attempt a downward push targeting 560.83. If selling pressure intensifies at that level, expect further downside toward 559.75. Should sellers overwhelm buyers here, the next critical zone to watch is 558.32. In an aggressively bearish market today, our ultimate downside target for SPY is at 557.44.

Invesco QQQ Trust Series 1 (QQQ)

QQQ is currently trading around our significant marker at 483.95. For bullish momentum, we’d like buyers to establish control above 486.10, securing it as firm intraday support. Successful consolidation here would likely extend buying toward 487.69. If momentum persists, look for the bullish sentiment to target 490.05. With a robust buying presence, QQQ could test higher levels, approaching our bullish goal of 493.60. Should QQQ fail to sustain itself above the 483.95 level, anticipate bears pressing downward toward 481.73. Continued weakness would drive the auction further to test 479.03. An aggressive sell-off could see prices rapidly approaching support at 476.85. A decisive break here would expose our low bearish target for today at 474.66.

Apple Inc. (AAPL)

Apple is currently auctioning near our key pivot at 200.53. Bulls must solidify the support at 198.22 and launch a push higher toward 202.29. Continued positive sentiment could spur additional gains up to 203.48. If bullish strength dominates today’s …

Full story available on Benzinga.com

 Good Morning Traders! In today’s Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.
Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market.
We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market’s pulse to optimize your trading gains. Now, let’s dive into the stock analysis:
SPDR S&P 500 ETF Trust ( SPY)
SPY is auctioning near our critical level of 561.90. Bulls need to drive price action upward to reclaim 563.23. Sustained buying above this area could propel prices to our next pivotal support at 564.29. Maintaining strength above 564.29 through regular trading hours would set the stage for a rally toward 565.38. Our high bullish objective today for SPY stands at 566.46. If support at 561.90 fails, bears will likely attempt a downward push targeting 560.83. If selling pressure intensifies at that level, expect further downside toward 559.75. Should sellers overwhelm buyers here, the next critical zone to watch is 558.32. In an aggressively bearish market today, our ultimate downside target for SPY is at 557.44.
Invesco QQQ Trust Series 1 (QQQ)
QQQ is currently trading around our significant marker at 483.95. For bullish momentum, we’d like buyers to establish control above 486.10, securing it as firm intraday support. Successful consolidation here would likely extend buying toward 487.69. If momentum persists, look for the bullish sentiment to target 490.05. With a robust buying presence, QQQ could test higher levels, approaching our bullish goal of 493.60. Should QQQ fail to sustain itself above the 483.95 level, anticipate bears pressing downward toward 481.73. Continued weakness would drive the auction further to test 479.03. An aggressive sell-off could see prices rapidly approaching support at 476.85. A decisive break here would expose our low bearish target for today at 474.66.
Apple Inc. (AAPL)
Apple is currently auctioning near our key pivot at 200.53. Bulls must solidify the support at 198.22 and launch a push higher toward 202.29. Continued positive sentiment could spur additional gains up to 203.48. If bullish strength dominates today’s …Full story available on Benzinga.com   Read Morecontributors, Equities, Expert Ideas, Broad U.S. Equity ETFs, Technicals, Opinion, Federal Reserve, Signals, Markets, Trading Ideas, Equities, Broad U.S. Equity ETFs, Technicals, Opinion, Federal Reserve, Signals, Markets, Trading Ideas, Benzinga Markets