SPDR S&P 500 ETF Stock Discussion

$SPDR S&P 500 ETF (SPY.US)$ We got the infamous "false break" of support yesterday, then catapulted upwards after a double-bottom. The symmetrical triangle is targeting a roughly 6.5 point move minimum. This could take us up to ~614, touching the main resistance line where we could see a decent correction, or down to ~596.50, which is the daily base line of the Ichimoku Cloud, from where we could see a nice bounce. Derpy Trades
Best of luck  Cool Cats, and God bless!

$SPDR S&P 500 ETF (SPY.US)$
Why the sudden drop though? Does someone know?

Today marks the final Fed meeting of 2024.
There is currently a more than 95% chance of the Fed cutting rates by 25 basis points.
If this materialises, it will be the Fed's 3rd rate cut of the year (a total of 100 bps)
But, the war against inflation isn’t over yet. All 3 inflation indicators, CPI, PPI, and PCE, are rising again.
The Fed has to tread carefully in 2025.
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$SPDR S&P 500 ETF (SPY.US)$ any other time, it would be up 1.3% overnight lol.

$SPDR S&P 500 ETF (SPY.US)$
expect it to shoot up before fomc and after till end of trading day. ending DOW losing streak too. I see green today 1% hopefully

$WiMi Hologram Cloud (WIMI.US)$ $SPDR S&P 500 ETF (SPY.US)$ - YouTube

Time therefore, for something new.
$SPDR S&P 500 ETF (SPY.US)$
The averages offer another decision point

Despite the ongoing rally in the overall stock market, Dow Jones has entered the history books with its first ever 9-day losing streak since 1978.
The losses are likely due to a rotation of money into the technology industry. The breadth for this rally is contracting again
Investors might start to realize that not all stocks will go up under Trump presidency. Sometimes the winners will keep winner, while the losers’ weakness might continue.
$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $Trump Media & Technology (DJT.US)$ $Tesla (TSLA.US)$ $NVIDIA (NVDA.US)$ $Apple (AAPL.US)$ $Meta Platforms (META.US)$ $Microsoft (MSFT.US)$ $Amazon (AMZN.US)$ $Netflix (NFLX.US)$ $Advanced Micro Devices (AMD.US)$