S&P 500 (SPY) ETF AND QQQ (Nasdaq-100) ETF Daily Technical Analysis on Wednesday, April 12th, 2023.   S&P 500 (SPY) ETF. Today market reaction is more volatile for high-impact news such as CPI  and FOMC Meeting Minutes. Yesterday we saw the market react very slowly to today's news. This news is essential for market movement . Market sentiment will change very fast when the news is released. So, be careful about if you want to trade when news releases. If CPI y/y date is more than 5.4, then spy reacts downtrend and shows its downtrend momentum. If we trade entry today, we can sell entry when the market opens. Our entry-level may be sold entry zone 407.26 to 406.02. stop loss level 408.42