$SPDR S&P 500 ETF (SPY.US)$ Both the GDP & PCE data were rel...

$SPDR S&P 500 ETF(SPY.US)$ Both the GDP & PCE data were released and exceeded estimate forecast, we knew that the rate cut no longer possible for September 2024. This makes the outlook for stock market very vulnerable and it could fluctuates a lot whenever investors take their profits. As you can see from yesterday market, the Nasdaq hits a 270 pts gain and resistance force attack to cool down to 130 pts before stabilise at 170 pts. This hints to us that DJ, Nasdaq and SPY indices will more likely swing forward/backwards after large gain or loss. In my opinion, I felt that any Long position for Call/Put option will not on my list of consideration temporarily.NFA.