{"id":44876,"date":"2026-04-14T09:06:23","date_gmt":"2026-04-14T09:06:23","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/44876\/"},"modified":"2026-04-14T09:06:23","modified_gmt":"2026-04-14T09:06:23","slug":"spy-%e5%ae%8c%e6%88%90%e8%87%aa-2025%e5%b9%b44%e6%9c%88%e4%bd%8e%e4%bd%8d%e4%bb%a5%e4%be%86%e7%9a%84%e8%aa%bf%e6%95%b4%ef%bc%8c%e9%87%8d%e6%8b%be%e5%8d%87%e5%8b%a2%ef%bc%8c%e7%ac%ac%e4%b8%80%e6%b5%aa","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh\/live-updates\/44876\/","title":{"rendered":"SPY \u5b8c\u6210\u81ea 2025\u5e744\u6708\u4f4e\u4f4d\u4ee5\u4f86\u7684\u8abf\u6574\uff0c\u91cd\u62fe\u5347\u52e2\uff0c\u7b2c\u4e00\u6d6a\u898b\u9802\u5f8c\u6599\u518d\u5275\u65b0\u9ad8"},"content":{"rendered":"

SPY \u81ea 2025 \u5e74 4 \u6708 7 \u65e5\u4f4e\u4f4d\u4ee5\u6d6a\u6bb5\uff08\uff081\uff09\uff09\u4e0a\u5347\uff0c\u65bc 2026 \u5e74 1 \u6708 28 \u65e5\u898b $697.87\u3002\u5176\u5f8c\u4ee5\u6d6a\u6bb5\uff08\uff082\uff09\uff09\u56de\u843d\u81f3 $629.23\uff0c\u56de\u8abf\uff08\u5373\u300c\u4e0b\u8dcc\u6d88\u5316\u5347\u5e45\u300d\uff09\u81ea 2025 \u5e74 4 \u6708\u4ee5\u4f86\u6574\u6bb5\u5347\u52e2\uff0c\u4e4b\u5f8c\u518d\u8f49\u5347\u9032\u5165\u6d6a\u6bb5\uff08\uff083\uff09\uff09\u3002<\/p>\n

\u4ecd\u9700\u5347\u7a7f $697.87\uff0c\u624d\u53ef\u6392\u9664\u300c\u96d9\u91cd\u8abf\u6574\u300d\uff08\u5373\u5169\u6bb5\u9023\u7e8c\u56de\u8abf\u3001\u4ee4\u8d70\u52e2\u66f4\u53cd\u8986\uff09\u7684\u98a8\u96aa\u3002\u7531 $629.23 \u8d77\u7684\u53cd\u5f48\uff0c\u66ab\u4ee5\u827e\u7565\u7279\u6ce2\u6d6a\uff08Elliott Wave\uff0c\u4e00\u7a2e\u4ee5\u5e02\u5834\u7fa4\u773e\u5fc3\u7406\u5206\u6bb5\u7684\u6280\u8853\u5206\u6790\u65b9\u6cd5\uff09\u4e2d\u7684\u300c\u63a8\u52d5\u6d6a\uff0f\u885d\u91cf\u6d6a\u300d\uff08impulse\uff0c\u6307 5 \u6d6a\u4e3b\u8da8\u52e2\u7684\u5b8c\u6574\u4e0a\u5347\u7d50\u69cb\uff09\u53bb\u6a19\u793a\u3002<\/p>\n

4 \u6708\u4f4e\u4f4d\u4ee5\u4f86\u7684\u6d6a\u6bb5\u7d50\u69cb<\/h3>\n

\u6d6a\u6bb5\uff08\uff08i\uff09\uff09\u5347\u81f3 $658.52\uff0c\u6d6a\u6bb5\uff08\uff08ii\uff09\uff09\u56de\u843d\u81f3 $644.16\u3002\u4e0b\u4e00\u968e\u6bb5\u6307\u5411\u9032\u4e00\u6b65\u4e0a\u5347\uff0c\u4ee5\u5b8c\u6210\u6d6a\u6bb5\uff08\uff08iii\uff09\uff09\u3002<\/p>\n

\u5b8c\u6210\u6d6a\u6bb5\uff08\uff08iii\uff09\uff09\u5f8c\uff0c\u9810\u8a08\u51fa\u73fe\u6d6a\u6bb5\uff08\uff08iv\uff09\uff09\u56de\u5410\uff0c\u8abf\u6574\u81ea 4 \u6708 2 \u65e5\u4f4e\u4f4d\u958b\u59cb\u7684\u6574\u500b\u4e0a\u5347\u5468\u671f\uff0c\u4e4b\u5f8c\u518d\u4f5c\u6700\u5f8c\u4e00\u6bb5\u4e0a\u5347\u5b8c\u6210\u5e8f\u5217\u3002\u77ed\u7dda\u504f\u5f37\u89c0\u9ede\u4ecd\u6210\u7acb\uff0c\u524d\u63d0\u662f\u5b88\u7a69 $629.23\u3002<\/p>\n

\u5728\u5e02\u5834\u65bc $629.23 \u95dc\u9375\u4f4d\uff08pivot\uff0c\u5373\u91cd\u8981\u652f\u6301\uff0f\u963b\u529b\u8f49\u5411\u4f4d\uff09\u4e4b\u4e0a\u7dad\u6301\u5f37\u52e2\u4e0b\uff0c\u53ef\u7559\u610f\u4ee5\u6536\u53d6\u671f\u6b0a\u91d1\u70ba\u76ee\u6a19\u7684\u7b56\u7565\u3002\u8ce3\u51fa\u50f9\u5916\u6cbd\u51fa\u671f\u6b0a\uff08out-of-the-money puts\uff0c\u5373\u884c\u4f7f\u50f9\u4f4e\u65bc\u73fe\u50f9\u7684\u300c\u6cbd\u51fa\u6b0a\u300d\uff09\uff0c\u7279\u5225\u662f\u672a\u4f86\u6578\u661f\u671f\u5230\u671f\u7684\u5408\u7d04\uff0c\u53ef\u5229\u7528\u300c\u6642\u9593\u503c\u6d41\u5931\u300d\uff08time decay\uff0c\u5373\u671f\u6b0a\u50f9\u503c\u96a8\u6642\u9593\u63a5\u8fd1\u5230\u671f\u800c\u4e0b\u964d\uff09\u4f86\u6536\u53d6\u671f\u6b0a\u91d1\uff0c\u540c\u6642\u8868\u9054\u504f\u597d\u81f3\u4e2d\u6027\u770b\u6cd5\u3002\u6b64\u505a\u6cd5\u8207\u300c\u53ea\u8981\u672c\u6708\u521d\u95dc\u9375\u4f4e\u4f4d\u4ecd\u5b88\u4f4f\uff0c\u77ed\u7dda\u56de\u843d\u61c9\u6709\u8cb7\u76e4\u627f\u63a5\u300d\u7684\u5224\u65b7\u4e00\u81f4\u3002<\/p>\n

\u6b64\u6280\u8853\u5f62\u614b\u4ea6\u7372\u6700\u65b0 2026 \u5e74 3 \u6708 CPI\uff08\u6d88\u8cbb\u7269\u50f9\u6307\u6578\uff0c\u8861\u91cf\u901a\u8139\uff09\u652f\u6301\uff1a\u6309\u5e74\u5347\u5e45 2.8%\uff0c\u5c6c\u53ef\u63a7\u6c34\u5e73\uff0c\u53cd\u6620\u901a\u8139\u58d3\u529b\u66ab\u672a\u5931\u63a7\u3002\u6b64\u5916\uff0cVIX\uff08\u6ce2\u52d5\u7387\u6307\u6578\uff0c\u53cd\u6620\u5e02\u5834\u5c0d\u672a\u4f86\u6ce2\u52d5\u7684\u9810\u671f\uff09\u56de\u843d\u81f3\u6578\u6708\u4f4e\u4f4d 14.5\uff0c\u4ee4\u671f\u6b0a\u4fdd\u8cbb\uff08\u671f\u6b0a\u6210\u672c\uff09\u4e0b\u964d\uff0c\u770b\u597d\u90e8\u7f72\u6210\u672c\u66f4\u4f4e\u3002\u5931\u696d\u7387\u7dad\u6301 3.6% \u4ea6\u70ba\u7d93\u6fdf\u63d0\u4f9b\u8f03\u7a69\u5b9a\u80cc\u666f\uff0c\u6709\u5229\u5927\u5e02\u7e8c\u5347\u3002<\/p>\n

\u671f\u6b0a\u7b56\u7565\u6c34\u5e73\u8207\u76ee\u6a19<\/h3>\n

\u82e5\u76ee\u6a19\u662f\u63a8\u9032\u81f3\u6b77\u53f2\u65b0\u9ad8\uff0c\u53ef\u8003\u616e\u8cb7\u5165\u8a8d\u8cfc\u671f\u6b0a\uff08call options\uff0c\u5373\u4ee5\u6307\u5b9a\u50f9\u683c\u8cb7\u5165\u7684\u6b0a\u5229\uff09\uff0c\u6216\u5efa\u7acb\u725b\u5e02\u8a8d\u8cfc\u50f9\u5dee\uff08bull call spreads\uff0c\u5373\u8cb7\u5165\u8f03\u4f4e\u884c\u4f7f\u50f9\u8a8d\u8cfc\u3001\u540c\u6642\u8ce3\u51fa\u8f03\u9ad8\u884c\u4f7f\u50f9\u8a8d\u8cfc\uff0c\u4ee5\u964d\u4f4e\u6210\u672c\u4e26\u9650\u5236\u4e0a\u884c\u6536\u76ca\uff09\u53c3\u8207\u9810\u671f\u7684\u6d6a\u6bb5\uff08\uff083\uff09\uff09\u4e0a\u5347\u3002\u91cd\u9ede\u95dc\u6ce8\u524d\u9ad8 $697.87 \u80fd\u5426\u7a81\u7834\uff1b\u884c\u4f7f\u50f9\u7d04 $700 \u6216 $710 \u7684\u5408\u7d04\uff0c\u914d\u5408 5 \u6708\u53ca 6 \u6708\u5230\u671f\uff0c\u5c6c\u8f03\u5177\u5438\u5f15\u529b\u7684\u90e8\u7f72\u65b9\u5411\u3002\u9700\u660e\u78ba\u5347\u7834\u8a72\u9ad8\u4f4d\uff0c\u624d\u53ef\u78ba\u8a8d\u8da8\u52e2\u4e26\u6d88\u9664\u66f4\u8907\u96dc\u56de\u8abf\uff08\u5373\u8d70\u52e2\u4e0d\u53ea\u4e00\u6bb5\u56de\u8abf\u3001\u5f62\u614b\u66f4\u53cd\u8986\uff09\u7684\u98a8\u96aa\u3002<\/p>\n

\u56de\u9867 2023 \u5e74\u5e95\u4f4e\u4f4d\u5f8c\u7684\u5e02\u6cc1\uff0c\u66fe\u51fa\u73fe\u300c\u6025\u5f48\u5f8c\u77ed\u66ab\u6574\u56fa\uff08consolidation\uff0c\u5373\u5728\u5340\u9593\u5167\u4e0a\u843d\u6d88\u5316\uff09\u300d\u518d\u5c55\u958b\u4e0b\u4e00\u6bb5\u5347\u6d6a\u7684\u76f8\u4f3c\u7bc0\u594f\u3002\u7576\u6642\u4e0d\u5c11\u4ea4\u6613\u8005\u4ea6\u5728\u56de\u8abf\u6642\u8ce3\u51fa\u6cbd\u51fa\u671f\u6b0a\u4e26\u53d6\u5f97\u6210\u6548\uff0c\u53cd\u6620\u5728\u5df2\u78ba\u8a8d\u7684\u4e0a\u5347\u8da8\u52e2\u4e2d\uff0c\u56de\u5410\u5f80\u5f80\u63d0\u4f9b\u90e8\u7f72\u6a5f\u6703\u3002\u6211\u5011\u8a8d\u70ba\u73fe\u6642\u7d50\u69cb\u5c0d\u884d\u751f\u5de5\u5177\u4ea4\u6613\u8005\uff08derivative traders\uff0c\u5373\u8cb7\u8ce3\u671f\u6b0a\u7b49\u91d1\u878d\u884d\u751f\u54c1\u7684\u4eba\u58eb\uff09\u4ea6\u5177\u53c3\u8003\u50f9\u503c\u3002<\/p>\n

\u958b\u7acb VT Markets \u771f\u5be6\u5e33\u6236<\/a>\u00a0\u4e26\u00a0\u7acb\u5373\u958b\u59cb\u4ea4\u6613<\/a>\u3002<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

SPY \u81ea2025\u5e744\u6708\u4f4e\u4f4d\u5b8c\u6210\u6574\u56fa\uff0c\u91cd\u62fe\u5347\u52e2\uff1b\u7b2c\u4e00\u6d6a\u898b\u9802\u5f8c\u6216\u77ed\u7dda\u56de\u5410\uff0c\u60df\u8da8\u52e2\u672a\u6539\uff0c\u5f8c\u5e02\u6709\u671b\u518d\u7834\u9802\u3001\u7e8c\u5275\u65b0\u9ad8\uff0c\u6295\u8cc7\u8005\u5b9c\u7dca\u76ef\u652f\u6490\u4f4d\u3002<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-44876","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/44876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/comments?post=44876"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/44876\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/media?parent=44876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/categories?post=44876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/tags?post=44876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}