SPDR S&P 500 ETF TRUST
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The market continues to absorb the selling pressure

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The overall market found support at $387 and had a decent bounce into the close. For today, with futures currently higher, see if early strength holds. The FED minutes and NVDA's earnings will be important binary events. In case of a move higher, $397-400 is a possible target by the end of this week. The overall reaction was positive and can be considered a win for the active bulls after SNAP dropped the ball on Monday night. $390 is an important support area for today.

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