<div id="readability-page-1"><div><div>Good Morning Traders!Today’s economic calendar kicks off with a dynamic lineup that could significantly shape early market sentiment. At 8:30 AM ET, the Initial and Continuing Jobless Claims for the week will be released, alongside the Philly Fed Business Outlook for September, offering a snapshot of labor market trends and regional manufacturing sentiment that traders will closely watch for policy cues. At 10:00 AM ET, the Leading Index for August will provide a forward-looking economic gauge. At 11:30 AM ET, the Treasury's 4 and 8-Week Bill Auction will assess short-term debt demand, followed by the 10-Year TIPS Auction at 1:00 PM ET, which could influence yield curves. Coming on the heels of yesterday's FOMC rate decision where the Fed cut rates by 25 basis points, this data could amplify reactions. Expect a good amount of volatility as traders digest the implications.Now, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.SPDR S&amp;P 500 ETF Trust (SPY)SPY is presently stationed at 663.00, a sturdy support molded by recent market rhythms, offering a solid springboard for bullish strategies. The goal is to climb toward 663.50, your set limit, a resistance that has shown tenacity in past upswings, drawing trader interest. If it surges past 663.50 with steady momentum, buyers might push it to 664.29, a level with historical volume strength. Should this hold firm through the session, anticipate a rise to 665.15, with our top target set at 665.99. If 663.00 wavers under selling pressure, bears could challenge 662.44, a pivot with a history of role transitions. Growing bearish momentum might target 661.15, a key threshold. A break below could slide it to 659.41, where prior support has often surfaced, and a heavy sell-off with strong volume might drag it to 657.86, our lowest point.Invesco QQQ Trust Series 1 (QQQ)QQQ is nestled at 592.50, a central hub that has seen steady price movements in recent trades, serving as a pivotal focus. Bulls are eager to take charge, targeting 593.00 as a firm intraday support with a legacy of past gains. If the upward trend gains traction, the next resistance at 593.91 comes into view, a barrier with historical tests. With active buying today, it could rise to 595.29, setting our highest target at 596.59. Should 592.50 falter during regular hours, bears might probe 591.15, a prior rebound spot. If weakness persists, it could dip to 590.01, a historical cushion. If bearish control strengthens, the price may slide to 588.41, and a break there could expose 586.86, our deepest bearish goal.Apple Inc. (AAPL)Apple is positioned at 236.50, a resilient support crafted by recent market dynamics, offering a stable base for action. Bulls are intent on guarding this and pushing toward 237.00, a resistance that has shifted roles in past trends. If it breaks with momentum, aim for 237.13, a key hurdle. Strong buying could lift it to 238.76, our top target. If 236.50 starts to soften, bears may target 235.72, a previous level with depth. Rising sell pressure could pull it to 234.65, a tested zone. A breach below might trigger a drop to 232.91, and further weakness could hit 231.36, our lowest bearish mark.Microsoft Corp. (MSFT)Microsoft is grounded at 512.50, a notable support that has navigated recent market waves, providing a steady foundation. Bulls are prepared to bolster this and advance to 513.00, a point supported by volume from past trades. If it climbs above 513.00, the stock could reach 514.57, a resistance with bounce history. Consistent buying might carry it to 516.01, our daily peak. Should 512.50 begin to slip, bears might test 511.10, a prior hold with resilience. Further pressure could strike 509.78, a support area. A break might fall to 507.26, and intensified selling could drop it to 505.89, our bottom target.NVIDIA Corporation (NVDA)NVDA is situated at 175.00, a key level that has sparked recent trader interest, establishing a strategic base. Bulls are focused on securing this and targeting 175.50, a support with a history of firmness. If the upward trend strengthens, push to 176.13, a resistance tested earlier. Vigorous buying could raise it to 177.91, our highest mark. If 175.00 can't hold, bears might aim for 174.92, a prior dip with weight. A breakdown with solid volume could sink to 173.79, a past level. Further decline might challenge 172.48, and sustained selling could reach 170.49, our lowest target.Alphabet Inc Class A (GOOGL)Google is fixed at 251.50, a support with a legacy of role transitions, providing a firm footing. Bulls plan to anchor this and rise to 252.00, a resistance with past relevance. If it breaks, target 252.29, a higher barrier. Strong buying could stretch to 253.42. If 251.50 softens, bears may hit 250.39, a prior support. Rising pressure could pull to 249.28, a tested zone. Heavy selling might drag it to 247.55, our lowest mark.Meta Platforms Inc (META)META is braced at 776.00, a solid base from recent sessions, offering a stable launchpoint. Bulls target 776.50, a resistance with bounce potential. If it holds, aim for 777.13, a key hurdle. Robust buying could linger near 778.59, our high target. If 776.00 wavers, bears might test 774.50, a past support. More selling could drop to 772.13. A break may sink to 770.13, our bottom target.Tesla Inc. (TSLA)Tesla is set at 431.00, a significant level with recent activity, laying a strong base for bullish moves. Bulls are eager to push toward 431.50, your set limit, a resistance that has shown resilience in past rallies, attracting trader attention. If it breaks through 431.50 with steady momentum, buyers might nudge it to 432.29, a level with historical volume support. Should this hold firm through the session, anticipate a rise to 432.15, with our top target fixed at 431.50. If 431.00 weakens under selling pressure, bears could test 429.44, a pivot with a history of role reversals. Growing bearish momentum might target 427.15, a key threshold. A break below could slide it to 425.41, where prior support has often appeared, and a heavy sell-off with heavy volume might drag it to 423.86, our lowest point.Final Word: Good luck and trade safely!Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.</div></div></div>

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Today's economic calendar includes key data releases such as Initial Jobless Claims and the Philly Fed Business Outlook, which may influence market sentiment following the Fed's recent rate cut. Traders are focusing on SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA for potential trading strategies. SPY is at 663.00, with resistance at 663.50; QQQ is at 592.50, targeting 593.00; AAPL is at 236.50, aiming for 237.00; MSFT is at 512.50, looking to reach 513.00; NVDA is at 175.00, with a target of 175.50; and GOOGL is at 251.50, aiming for 252.00.

- Today's economic calendar includes key data releases such as Jobless Claims and the Philly Fed Business Outlook, which may influence market sentiment.  
- Major stocks like SPY, QQQ, AAPL, and MSFT are positioned at critical support levels, with traders eyeing potential resistance points for bullish strategies.  
- Following the recent FOMC rate cut, expect increased volatility as traders react to the economic indicators and stock movements.

How To Trade SPY, Top Tech Stocks Using Technical Analysis