The SPY Consolidates 6% Surge After Fed Holds Rates, Job Market Shows Signs Of Softening: A Technical Analysis
The SPY Consolidates 6% Surge After Fed Holds Rates, Job Market Shows Signs Of Softening: A Technical Analysis
The SPDR S&P 500 (NYSE:SPY) opened slightly higher Monday after the Federal Reserve decided to hold interest rates steady and job gains data came in lower-than-expected last week.
这个 SPDR 标准普尔 500 纽约证券交易所代码：SPY）周一开盘小幅走高，此前美联储决定维持利率稳定，上周就业增长数据低于预期。
Investor sentiment rose last week on hopes the Fed has ended its tightening campaign and could begin to cut rates during the second half of 2024. The positive outlook caused the SPY to log its best week this year, rising 5.85% between the Oct. 27 close and Friday.
上周，投资者情绪上升，原因是人们希望美联储结束紧缩运动，并可能在2024年下半年开始降息。乐观的前景使SPY创下了今年最好的一周，在10月27日收盘价至周五之间上涨了5.85％。
On Monday, the market ETF was consolidating, forming an inside bar on lower-than-average volume.
周一，市场ETF正在盘整，形成了交易量低于平均水平的内线。
Whether or not the market will continue higher imminently or continue to trade sideways to consolidate for a few days remains to be seen, but the downtrend has been negated and the SPY has regained the 50-day simple moving average (SMA).
市场是即将继续走高还是继续横盘整几天还有待观察，但下跌趋势已被否定，SPY已经收复了50天简单移动平均线（SMA）。
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More experienced traders who wish to play the SPY either bullishly or bearishly may choose to do so through one of two Direxion ETFs. Bullish traders can enter a short-term position in Direxion Daily S&P 500 Bull 3X Shares (NYSE:SPXL) and bearish traders can trade the inverse ETF, Direxion Daily S&P 500 Bear 3X Shares (NYSE:SPXS).
希望以看涨或看跌的方式玩SPY的经验更丰富的交易者可以选择通过两只Direxion ETF中的一只进行交易。看涨的交易者可以进入短期头寸 Direxion Daily 标准普尔500指数牛市3X股 纽约证券交易所代码：SPXL）和看跌的交易者可以交易反向ETF， Direxion Daily 标准普尔500指数 Bear 3X （纽约证券交易所：SPXS）。
The ETFs: SPXL and SPXS are triple leveraged funds that track the movement of the SPY, seeking a return of 300% or –300% on the return of the benchmark index over a single day.
交易所买卖基金： SPXL和SPXS是追踪SPY走势的三重杠杆基金，寻求基准指数单日回报率为300％或—300％的回报。
It should be noted that leveraged ETFs are meant to be used as a trading vehicle as opposed to long-term investments.
应该注意的是，杠杆ETF旨在用作交易工具，而不是长期投资。
The SPY Chart: The SPY regained the 50-day SMA on Friday and on Monday, the ETF was consolidating above the area near the top of Friday's trading range, which has settled the SPY into an inside bar pattern. The pattern leans bullish in this case because the SPY was trading higher before forming the inside bar.
间谍图表： SPY在周五收复了50日均线，周一，该ETF在周五交易区间顶部附近的区域上方盘整，这使SPY进入内线模式。在这种情况下，该模式倾向于看涨，因为SPY在形成内线之前交易价格走高。
- Although the SPY negated its downtrend on Thursday by rising above the most recent lower high, which was formed on Oct. 24 at $424.82, the ETF hasn't yet retraced to confirm a new uptrend with the formation of a higher low. When the SPY falls to at least print a higher low, it could provide a solid entry point for bullish traders who aren't already in a position.
- Although the SPY regained the 50-day SMA it has become detached from the eight-day exponential moving average (EMA), which is contributing to the ETF's need for consolidation. The ETF may continue to trade sideways for a period of time to allow the eight-day EMA to catch up to the SPY's price.
- The SPY has resistance above at $436.79 and at $447.79 and support below at $429.80 and at $420.76.
- 尽管SPY指数在周四上涨至10月24日形成的最新低点424.82美元，从而抵消了其下跌趋势，但该ETF尚未回落，以确认新的上升趋势，形成更高的低点。当SPY跌至至少创出更高的低点时，它可以为尚未处于困境的看涨交易者提供一个坚实的切入点。
- 尽管SPY收复了50天均线，但它已经脱离了八天指数移动平均线（EMA），这促使ETF需要整合。ETF可能会在一段时间内继续横盘整理，以使八天均线赶上SPY的价格。
- SPY的阻力位在436.79美元和447.79美元，下方的支撑位为429.80美元和420.76美元。
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