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SPX futures fall 77 points as SPY approaches important support, Scott Redler notes
Scott Redler, chief strategic officer at T3 Live and T3 Trading Group, observes that SPX futures are down 77 points with SPY showing significant extension from its 8-day support level.
He highlights that the $740 level is a potential support area, with $734 as the 8-day benchmark and $731.5 marked as the weekly low. Redler plans to manage hedges and look for potential buy signals based on short-term lows.
Redler recently noted that PLTR shares faced heavy selling pressure after the company's earnings report. In another session, he delivered a live premarket update focusing on NVDA, TSLA, IBIT, and SNDK. His updates track trading action across equities in the current environment.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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