How SPY Behaved
SPY opened at 759.50 and finished 0.71% lower, closing at 754.13 after trading between 749.60 and 761.67.
The session high was recorded first, around 11:47 ET, before price later rotated down to the session low around 15:27 ET. SPY finished near the middle portion of its intraday range.
What Drove the Market
Across corroborating market coverage, the session included the following corroborated macro and sector context. Easing Treasury yields helped relieve some valuation pressure on equities. Inflation and Federal Reserve expectations remained an important part of the session's macro setup.
Easing Treasury yields helped relieve some valuation pressure on equities.
Inflation and Federal Reserve expectations remained an important part of the session's macro setup.
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 14:35:00 ET.
SPY first traded through this downside observation level at 14:56:00 ET.
SPY first traded through this downside observation level at 15:09:00 ET.
What the Next Session Is Set Up to Test
SHORT outlook • confirmation 756.75 • invalidation 760.85 • target 754.70 • extension 752.65.