How SPY Behaved
SPY opened at 769.07 and finished 0.40% lower, closing at 766.00 after trading between 765.15 and 769.69.
The session high was recorded first, around 09:30 ET, before price later rotated down to the session low around 15:59 ET. SPY finished in the lower quarter 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 downside observation level at 10:02:00 ET.
What the Next Session Is Set Up to Test
SHORT outlook • confirmation 766.37 • invalidation 769.91 • target 764.61 • extension 762.84.