SPY & QQQ: 3% Drop Before CPI, Still In Bull Cycle
1 extracted signal · 0 resolved · 1 still active
Traders Helping Traders09 Jun 2026, 22:30 UTC
AI-generated source summary
The analysis focuses on the S&P 500 ETF (SPY) within a broader bullish market cycle. The long-term trend is identified as bullish, supported by the weekly timeframe analysis. The speaker highlights that during bull cycles, dips are seen as buying opportunities. The key takeaway is that for a bullish continuation, price should bounce and hold at support levels, specifically referencing the 738.00 to 737.00 area as a critical support zone. The analysis implies that if price holds these levels, the next upward move could target approximately 758.00. A failure to hold this support, indicated by a breach below 711.00, would invalidate the bullish outlook.
AI-generated summary based on the source content.
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