A quick look at yesterday: after finishing Friday at $357.63, SPDR S&P 500 ETF Trust went up to $367.98 before paring its losses and closing at $366.82.
Meanwhile, United States NY Empire State Manufacturing Index (Oct) released yesterday at 12:30 UTC with a figure of -9.1, while the previous figure was -1.5.
SPDR S&P 500 ETF Trust made an initial breakout above its 10 day Simple Moving Average at $365.56, a potential indicator of a newly emerging bullish phase. Despite this, although SPDR S&P 500 ETF Trust is appreciating today after rising as high as $367.98, price action is now slowing and consolidating around $3.95 below the $370.77 resistance level.
Overall, looking at the technical analysis landscape, it seems SPDR S&P 500 ETF Trust might continue pointing upwards in the short term.
Other markets are also showing gains as ARK Innovation ETF is trading around $36.38 after ending yesterday's session at $34 (up 7.03% today). Amazon went up by 6.45% yesterday, and closed at $113.79.
At the same time, iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF moves 0.04% yesterday and closed at $25.36.
Also worthy of note, projections for United States Crude Oil Inventories are set for a continuation of decline with 1.55 million while previous data was 9.88 million; data will be released tomorrow at 14:30 UTC.
Elsewhere, United States Building Permits (Sep) will be released tomorrow at 12:30 UTC.
SPDR S&P 500 ETF Trust is now trading 25.14% below the significant high of $477.71 it set around 9 months ago.