SPY RECAP

MARKET RECAP🌱SPY TRIED TO RALLY OUT THE GATE AT MARKET OPEN BUT WENT SIDEWAYS DURING THE AFTERNOON. THE MRKET HAS BEEN IN LOW VOLUMNE TERRITORY DUE TO THE ELECTIONS COMING UP. YESTERDAY THE MARKET TOOK A NOSE DIVE FROM IRAN , ISREAL CONFLICT AND TODAY JOE BIDEN SAID HE WOULD NOT SUPPORT ANY ISRAELI STRIKE ON IRANS NUCLEAR SITES AND URGED ISRAEL TO ACT PROPORTIONALLY IN RESPONSE TO IRANS BIGGEST EVER DIRECT ATTACK ON ISRAEL. After the misses went flying on Tuesday, Iran said early Wednesday that its attack was finished.  The dollar hit a 3 week high against the euro after the ADP national employment report showed U.S. private payrolls increased more than expected in September ahead of Fridays anticicipated jobs data. Despite todays recovery after yesterday red day , the markets are still bracing for any other geopolitical developments and settling a little after yesterday

Upcoming important news‼️Here is the upcoming news that the market will need in order to give us more direction: Unemployment claims , ISM services. Our forecast for Unemployment claims (7:30 am central ) is 222k with the previous being 218k. Our forecast for ISM services PMI 9:00 am central) is 51.7 with the previous being 51.5

Technical outlook📈: THIS WEEK WATCH 567.60 ON SPY. THAT IS OUR PREV WEEKLY LOW. BELOW SAID LEVEL SPY CAN DUMP TOWARDS 565.27, 563.03 WITH MAX LOW AT 559.90.

IF SPY HOLDS ABOVE 567.60 WATCH 568.69 (PREV 12 DAY HIGH) FOR A 3-2U. THERE IS 1DAY 21HRS LEFT FOR THIS CANDLE TO REMAIN OPEN UNTIL A NEW ONE PRINTS ON THE 12D TIME FRAME.

ABOVE 568.69 SPY CAN TARGET 573

BELOW 565.27 SPY CAN DUMP TOWARDS 563/560