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Market Headlines 👀 

• US 30y weekly jobless claims come in at 225k; est: 220k.

• US ISM services rose to its fastest pace since early 2023.

• Open Ai raises $6.6b in a new round of funding valuing the company at $157b.

• Crude oil prices rise as geopolitical tensions continue.

• Nvidia (NVDA) Jensen CEO says Blackwell demand is booming.

• Alphabet (GOOGL) announces rollout of ads in its AI overview prompt.

• Uber (UBER) announces partnership with Avride to help bring autonomous delivery to Uber and Uber eats.

A note from Ryse 📣

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S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

Sometimes, a rebrand is all it takes to reignite earnings growth, and that’s exactly what we’ve seen with Mark Zuckerberg and META. Up 545% in less than two years, the social media giant is now approaching its Golden Fibonacci extension, measured from the 2021 high to the 2022 low. Gaining and holding this key level will be crucial for the momentum to continue.(Contributed by Jason Krutzky of Trendspider )

Last month, as TSLA approached the apex of its monthly symmetrical triangle—a critical inflection point—price made a decisive move higher. However, with news of lower-than-expected deliveries, the stock is now retesting the monthly trendline it had been stuck beneath since the November 2021 high. Holding this level is crucial, and traders will likely gain more clarity on the validity of the breakout with the upcoming Robotaxi event and earnings on the horizon.(Contributed by Jason Krutzky of Trendspider)

Will old resistance turn into new support? That’s the million-dollar question for SPY right now. After spending the entire summer trapped below $565, the price made a notable push higher in mid-September. Now, we’ve returned to this critical level, and it’s essential that it holds—but the coming weeks could be turbulent. In election years, SPY seasonality shows just a 25% win rate with an average return of -2.43%.(Contributed by Jason Krutzky of Trendspider)

Enjoying these Trendspider charts? Be sure to check out there tools and if its something you want to add to your toolkit, you can use ONE50 for a 50% discount for our readers!

Market Preview 🎞️ 

• Friday, October 4th: Non-farm payrolls and unemployment data

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That’s all for this week, folks! We’ll be back around the same time Monday with a curated list of important news, economic data and market highlights. 

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