How SPY Behaved
SPY opened at 764.73 and finished 0.17% higher, closing at 766.01 after trading between 763.93 and 767.35.
The session low was recorded first, around 12:43 ET, before price later recovered to the session high around 15:04 ET. SPY finished near the middle portion of its intraday range.
What Drove the Market
Across corroborating market coverage, the session was shaped by several macro and sector drivers. Inflation and Federal Reserve expectations remained an important part of the session's macro setup. Large-cap technology and semiconductor shares were an important index-level influence during the session.
Inflation and Federal Reserve expectations remained an important part of the session's macro setup.
Large-cap technology and semiconductor shares were an important index-level influence during the session.
Published Read vs. Actual SPY Result
The published directional read is compared with the completed session outcome.
Price Areas That Actually Mattered
SPY first traded through this upside observation level at 15:04:00 ET.
What the Next Session Is Set Up to Test
LONG outlook • confirmation 767.33 • invalidation 763.81 • target 769.09 • extension 770.85.