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SPX futures rose by $7 after two consecutive tradable sessions. SPY cleared Friday's high on Monday and Monday's high again on Tuesday, with today highlighted as a Federal Reserve decision day.
Scott Redler, Chief Strategic Officer at T3 Live and T3 Trading Group., identified $767 as a support level and $774 as a resistance level in his latest commentary.
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Redler previously highlighted that the S&P 500 maintained the 764 level and was watching a test at 772 in his recent outlook. In another update, he drew attention to an approaching earnings week for companies including TSLA, NFLX, META, and LRCX, as noted in his commentary. These past observations provide further context to the current range he is tracking.