S&P 500 (SPY) Report – 6/07/22

Good morning. 

The S&P 500 ($SPY) is trading lower pre-market today.

Let’s get into it…In the news, President Joe Biden will sign an executive order allowing the Defense Production Act (DPA) “to accelerate domestic production of clean energy technologies” the White House said in a statement. Biden will sign the bill, which would speed up the production of solar panels in the United States and grant a 24-month tariff exemption to imports from a number of nations.

Potential Intraday Resistance Levels:
EOD VWAP: $413.18
6/06/22 Close: $411.75
5 Day EMA (1Y:1D): $411.21
9 Day EMA (1Y:1D): $408.92

Potential Intraday Support Levels:
Intraday Support: $410.00
6/02/22 Low of Day: $407.04
6/01/22 Low of Day: $406.93

Note: Moving averages are reported from the previous trading session and will change during the next trading session. 

Tuesday Economic Events:
International Trade in Goods 8:30am ET
Redbook Sales 8:55am ET
Consumer Credit 3:00pm ET
API Crude Oil Data 4:30pm ET

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