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SPCX Index Entry, Nike's $40 Floor & S&P 7,480 Trap
Season 4
Episode 62
Published 1 week, 4 days ago
Description
Here is the trade setup for the Monday open. S&P and Nasdaq futures catch a geopolitical relief bid, but macro headwinds from a surging dollar and 4.4% yields threaten a liquidity trap.
🚀 SPCX: Joins the Russell 1000 and 3000 today, unleashing massive passive index-buying inflows.
📉 NKE: Trading near a 10-year low at $40, facing crucial Q4 earnings tomorrow.
📈 ABBV: Riding a historic winning streak with positive EU drug opinions for Rinvoq.
🔔 GOOGL: Officially joins the Dow Jones Industrial Average this morning.
Key Levels to Watch:
⚖️ S&P 500 Support: 7,323.75 – 7,378.75
💥 S&P 500 Resistance: 7,480 – 7,495
Content is for informational and educational purposes only. Market data may be subject to platform delays. This is not financial advice.