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SPX futures increased by 70 points, with CRWV and NVDA contributing to improved sentiment in the technology sector.
Scott Redler, Chief Strategic Officer at T3 Live and T3 Trading Group, noted that market participants are watching to see if early gains hold, highlighting key resistance levels at 7577 and 7635. Redler observed that buyers stepped in during the previous session and advised trimming into strength, trailing stops, and maintaining discipline to assess the durability of the current rally.
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Redler has previously highlighted key levels in tech benchmarks, noting that QQQ recently tested its 200-day moving average and identifying $687 and $671 as important prices to watch in recent coverage. Ahead of earnings announcements for major firms including TSLA, NFLX, and META, he also drew attention to a busy calendar week for traders in an earlier update. These prior observations follow his ongoing focus on technical levels and event-driven risk.