🚨 SPY All Time Highs + FOMC Week: Your Market Gameplan

Let's break down what's happening in the markets this week and what to watch.

🚀 Market Snapshot:

SPY has broken out of its recent downward channel and is flexing all-time highs! While volume hasn't been explosive (suggesting some big players are sitting on the sidelines), the momentum is undeniably strong.

📍 Key Levels to Watch:

• Primary Support: $605.36 (Wednesday's gap-up)

• Secondary Support: $590 area (channel breakout zone)

• Resistance: $611 (Current ATH)

⚡ Big Market Movers This Week:

FOMC Meeting (Wednesday)

Current rate: 5.25-5.50%
Keep ears tuned to Powell's commentary

2. GDP Report (Thursday)

• Expected growth: 2.3% annualized

• Focus on consumer spending data

3. PCE Price Index (Friday)

• Key inflation indicator

• Looking for sub-3% print

💡 Strategy Corner

• Play it smart ahead of FOMC - consider reducing risk exposure

• Best entries: trend support or breakout retests

• Keep position sizing disciplined and aligned with risk levels

🎓 Don't Miss Out! Join our free on-demand masterclass this week: "Mastering Risk Management" - perfect timing for this market environment!

Remember: This week calls for extra discipline with major economic events ahead. Stay sharp, stay focused!

✌️- Derek

Questions? Drop them below! 👇

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