Per chatGPT
https://www.tradingview.com/chart/zB1ujGYz/
Considering the anticipated GDP report and its potential impact on market sentiment, here are three scenarios for SPY’s intraday high and low:
1. Best-Case Scenario:
• High: $600
• Low: $585
Assumption: The GDP report exceeds expectations, indicating robust economic growth, which boosts investor confidence and leads to a market rally.
2. Moderate Scenario:
• High: $590
• Low: $580
Assumption: The GDP report aligns with forecasts, suggesting steady economic conditions. The market reacts with cautious optimism, resulting in moderate price movements.
3. Worst-Case Scenario
• High: $580
• Low: $570
Assumption: The GDP report falls short of expectations, signaling potential economic slowdown. This triggers investor concern, leading to a market sell-off and lower SPY prices.
Note: These scenarios are hypothetical and depend on various factors, including investor sentiment, market liquidity, and broader economic indicators.