📈Key Levels to Watch on SPY Today as Traders Brace for FED Minutes Impact

I talk about the key levels to watch today on the SPY

Dear Traders,

In light of yesterday's volatile day in the stock market, I want to provide a quick briefing to recap some highlights on the S&P 500 and discuss the key levels to watch today.

As we have been preparing for defensive action in our reports over the past few reports, we alerted everyone to the SPY trading below the 9ema. While there is not much conviction to the upside at present, this could change with the release of the FED minutes today.

In this briefing, I will cover the KEY prices and range on the S&P 500, the UVXY, and the technical aspects of the S&P 500. Additionally, I will highlight key price levels to watch during the first 90 minutes of today's session.

Please note that this is not our regular report; it is a brief alert to keep you informed of the key levels to watch. Our regular reports are much more comprehensive, covering everything from A-Z and spanning over 5,000 words each week.

Our Monday report can be found here which is over 5,000 words.