How To Trade SPY, Top Tech Stocks Using Technical Analysis – Benzinga

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 presently trading near our important level of 622.50. Bulls are targeting an initial advance to 623.75. If momentum persists above 623.75, we anticipate buyers driving prices toward our next key support at 625.29. Should buyers confidently defend 625.29 throughout regular session trading, look for a continuation upward to 626.15, with our ultimate bullish target for the day sitting at 626.99.  If bulls lose their grip at 622.50, sellers will aim for downside momentum, initially challenging the 621.44 level. Continued bearish pressure will put the 620.15 mark at risk.
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