Spy stock forecast options implied volatility remains

Options implied volatility remains subdued, hinting at a stable SPY stock forecast in the near term. However, traders anticipate a spike around key inflation releases. Being the economy’s main driver and making up over two-thirds of economic activity, consumer spending rose 0.6% last month, after a 0.5% gain in July, according to the Commerce Department's Bureau of Economic Analysis, as quoted in another Reuters article. Historical Milestones: A Journey Through Market Turbulence Current SPY stock forecast sentiment hinges on the Fed’s stance on rate cuts. A dovish tilt could propel the ETF past 540, while hawkish commentary might trigger a retest of the 500 level. RSI levels near 68 signal we may be nearing an inflection point.