How SPY Behaved
SPY opened at 767.33 and finished nearly unchanged from its opening price, closing at 767.02 after trading between 764.72 and 767.99.
The session low was recorded first, around 10:26 ET, before price later recovered to the session high around 15:59 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. Oil prices moved higher as U.S.-Iran / Middle East uncertainty stayed elevated, adding inflation sensitivity and pressure to broader risk appetite. Treasury yields moved higher, increasing valuation pressure on rate-sensitive equities. Investors were also weighing weaker labor-market signals, which affected the growth-and-rates narrative.
Oil prices moved higher as U.S.-Iran / Middle East uncertainty stayed elevated, adding inflation sensitivity and pressure to broader risk appetite.
Treasury yields moved higher, increasing valuation pressure on rate-sensitive equities.
Investors were also weighing weaker labor-market signals, which affected the growth-and-rates narrative.
Published Read vs. Actual SPY Result
The published directional read is compared with the completed session outcome.
Price Areas That Actually Mattered
No published UB/LB level qualified for the short list. The complete observation map remains on the Key Levels page.
What the Next Session Is Set Up to Test
LONG outlook • confirmation 769.32 • invalidation 763.34 • target 772.31 • extension 775.30.