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Scott Redler, chief strategic officer at T3 Live and T3 Trading Group., observes that S&P 500 futures are stable after SPY held $739.50 on Wednesday and moved above $747 on Thursday.
Redler highlights $752.40 as the next important level to monitor for today.
Redler previously analyzed a decline in S&P 500 futures as SPY tested the $747 level, noting changes in semiconductor and value tech sentiment in a recent report. He has also highlighted market weakness in QQQ as multiple stocks moved lower, according to a separate update. These observations provide context for his latest focus on key support and resistance levels in SPY.