S&P500 ETF SPY Testing Support

6 天前

📉 **SPY Testing Key Support!** 📈

The **S&P 500 ETF (SPY)** is pressing against a critical support level — the **green trendline** that's been a pivotal bounce zone for months. Will it hold or break? 🤔

🔍 **What’s driving the move?**
- 🔥 **Hawkish FOMC Outlook**: The Fed now sees **fewer rate cuts in 2025 (2 vs. 3 expected)**, keeping rates higher for longer.
- 📢 **Geopolitical Risks**: Powell noted some Fed members are factoring in possible **Trump-era policy risks** (think tariffs & deportation) into their forecasts.
- ⚠️ **Market Reaction**: Growth stocks are under pressure as higher rates impact valuations.

📊 **Why It Matters?**
- If SPY holds the support, we could see a technical rebound. 🚀
- A breakdown below the green line could signal further downside risk. 📉

👉 **Traders, are you buying the dip or waiting for the break?**
Drop your thoughts below! ⬇️