S&P 500 (SPY) Report – 7/25/22

Good morning traders!

The S&P 500 ($SPY) is trading near Friday’s close. Let’s get into it…

This week’s earnings reports will come from some of the biggest tech giants. Google and Microsoft both report on Tuesday. On Wednesday, Boeing and Meta (formerly Facebook) will report. Intel, Amazon, and Apple all reported on Thursday. Tuesday marks the start of the Federal Open Market Committee (FOMC) meeting, with the US FOMC announcement and speaker taking place on Wednesday.

Potential Intraday Resistance Levels:
6/09/22 Market Close: $401.44
7/22/22 Market Open: $398.92
7/22/22 High of Day: $400.18

Potential Intraday Support Levels:
7/22/22 Market Close: $395.09
EOD VWAP:$395.91
5D EMA (1Y:1D): $393.02
50D SMA (1Y:1D): $391.09

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

Monday Economic Events:
Chicago Fed Activity Index 8:30am ET
Dallas Fed Mfg Survey 10:30am ET

Fed Speaker Scheduled:
No Fed Speakers Scheduled


DailyBubble’s Disclaimer
This article provided by the DailyBubble team should only be considered as informational and/or entertainment by the reader. DailyBubble makes no representation to buy or sell any security or financial instrument within the article. Readers seeking investment advice should seek independent financial advice from a professional, and independently research and verify. The DailyBubble team wrote this article and may express its own opinions therein.

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