$SPDR S&P 500 ETF(SPY.US)$ 508?

$SPDR S&P 500 ETF(SPY.US)$ How today ended 🤣🤣🤣

$SPDR S&P 500 ETF(SPY.US)$ 469.69 Mark this post

$SPDR S&P 500 ETF(SPY.US)$  504

For those who do not understand what just happened:
First, Q1 2024 GDP growth slowed to just 1.6% which is less than HALF of the 3.4% Q4 2023 number.
This reading is roughly 50% BELOW Goldman Sach's expectations.
But it gets even worse.
At the same time, the US Core PCE Price Index soared from 2.0% to a staggering 3.7%.
This crushed estimates of 3.4% and further suggests that inflation is on the rise.
We have a weakening economy with rising inflation.
The worst possible outcome for the Fed.
$Nasdaq Composite Index(.IXIC.US)$ $SPDR S&P 500 ETF(SPY.US)$ $S&P 500 Index(.SPX.US)$ $Dow Jones Industrial Average(.DJI.US)$

$Invesco QQQ Trust(QQQ.US)$ fake pump over, here comes the dump.

$NVIDIA(NVDA.US)$ 780

$SPDR S&P 500 ETF(SPY.US)$ beautiful! so far it's respecting those levels.  curently testing that 499.02 / 500.62 area, let's see how SPY reacts.  next daily support 498.89 and then 496.27 / 496.77 and that montly area 492.74 / 495.06

$SPDR S&P 500 ETF(SPY.US)$ healthy pull back to 499.02 /500.62 or maybe to 497.41? if SPY stays above 503.13 we could retest 504.91,  if it does not break 503.13 it will come to 500.51 / 501.01 and maybe 498.89