Monthly Candle Closes Tomorrow
Added 2024-05-30 12:54:22 +0000 UTCData this morning out Q1 GDP 1.3 vs 1.3 expected, initial jobless claims 219k vs 218k expected. Overnight, $SPY filled the 523.86 gap left from weeks ago, and now we wait to see PCE data. I think this particular data is a make or break information and determines next market move. So Far, holding the 524/525 area is still prior all time highs support.
STO on the 4 hour, 2 hour 1 hour is near floor before big data, this usually is a bullish for me.
Today, $SPY moves back over 525 close around 526/27 would be ideal bounce.
