Watching Closely for the Market $SPY to Defend the 20SMA
I'll be watching closely for the market to defend the 20SMA and the $SPDR S&P 500 ETF Trust(SPY)$ $520 level today.
$Dell Technologies Inc.(DELL)$ DELL has Earnings tonight and I think its possible they also do a share buyback.
The market needs to cross over $527 then it can head towards $530.
PCE data tomorrow will determine the strength of this move.
The market isn't looking very strong perhaps their is some buyer exhaustion. I'm still focused on $NVIDIA Corp(NVDA)$ $Dell Technologies Inc.(DELL)$ $Micron Technology(MU)$ $SPDR S&P 500 ETF Trust(SPY)$
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April PCE Index Forecasts Show Inflation Remaining Sticky: Economists expect the overall PCE Price Index to rise 2.7% on an annual basis in April, the same rate of inflation as seen in March, according to FactSet’s consensus estimates.
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