How SPY Behaved
SPY opened at 762.01 and finished nearly unchanged from its opening price, closing at 761.72 after trading between 759.48 and 764.67.
The session high was recorded first, around 11:53 ET, before price later rotated down to the session low around 14:46 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. Treasury yields moved higher, increasing valuation pressure on rate-sensitive equities. 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.
Treasury yields moved higher, increasing valuation pressure on rate-sensitive equities.
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 downside observation level at 13:25:00 ET.
What the Next Session Is Set Up to Test
SHORT outlook • confirmation 763.20 • invalidation 769.48 • target 760.06 • extension 756.91.