Pre-Market Update: SPY - 01092025 - $586-$586.50 Support Retest

Watching the SPY going into Premarket, it lost support at the $588.62 Levels, so we're looking for that $586-586.50 to gauge if the Markets will lose steam and pullback even more (providing better buying opportunities on our other Trade Analysis). The question is always, "How far are really pulling back though?"

Today's Economic Calendar:
Event Type Date Time Description
Econoday event Jan 09, 2025 01:00 AM Industrial Production
Econoday event Jan 09, 2025 01:00 AM Merchandise Trade
Econoday event Jan 09, 2025 01:00 AM Industrial Production
Econoday event Jan 09, 2025 01:00 AM Merchandise Trade
Econoday event Jan 09, 2025 04:00 AM Retail Sales
Econoday event Jan 09, 2025 04:00 AM Retail Sales
Econoday event Jan 09, 2025 06:30 AM Challenger Job-Cut Report
Econoday event Jan 09, 2025 06:30 AM ECB Minutes
Econoday event Jan 09, 2025 06:30 AM Challenger Job-Cut Report
Econoday event Jan 09, 2025 06:30 AM ECB Minutes
Econoday event Jan 09, 2025 07:30 AM Jobless Claims
Econoday event Jan 09, 2025 07:30 AM Jobless Claims
Econoday event Jan 09, 2025 09:00 AM Wholesale Inventories (Preliminary)
Econoday event Jan 09, 2025 09:00 AM Wholesale Inventories (Preliminary)
Econoday event Jan 09, 2025 10:00 AM 3-Month Bill Announcement
Econoday event Jan 09, 2025 10:00 AM 6-Month Bill Announcement
Econoday event Jan 09, 2025 10:00 AM 3-Month Bill Announcement
Econoday event Jan 09, 2025 10:00 AM 6-Month Bill Announcement
Econoday event Jan 09, 2025 10:30 AM 4-Week Bill Auction
Econoday event Jan 09, 2025 10:30 AM 4-Week Bill Auction
Econoday event Jan 09, 2025 03:30 PM Fed Balance Sheet
Econoday event Jan 09, 2025 03:30 PM Fed Balance Sheet
Econoday event Jan 09, 2025 05:30 PM Household Spending
Econoday event Jan 09, 2025 05:30 PM Household Spending
Econoday event Jan 09, 2025 11:00 PM Equity Settlements

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