Hlib Chabaniuk

SPY rallies to fresh highs after reclaiming support, Scott Redler notes

SPY rallies to fresh highs after reclaiming support, Scott Redler notes
SPY holds support and rallies higher

Scott Redler, chief strategic officer at T3 Live and T3 Trading Group, highlights the ongoing strength in the market uptrend.

Redler points to SPY holding key support near $740, reclaiming $745, and advancing to new highs. He also notes semiconductors are in a rebuilding phase, with NVDA marked as a top trade for the current week.

Redler previously analyzed S&P 500 futures as they declined and SPY tested the $747 level, noting changes in sentiment around semiconductor and value tech shares in a recent report. He also highlighted weakness in QQQ as multiple stocks posted declines in another market update. These earlier comments reflect his ongoing tracking of key market levels and sector trends.

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.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.