How SPY Behaved
SPY opened at 766.25 and finished 0.95% higher, closing at 773.51 after trading between 766.03 and 774.89.
The session low was recorded first, around 09:31 ET, before price later recovered to the session high around 15:38 ET. SPY finished in the upper quarter of its intraday range.
What Drove the Market
Across corroborating market coverage, the session included the following corroborated macro and sector context. Lower oil prices eased part of the market's inflation and rate-pressure backdrop. 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. Large-cap technology and semiconductor shares were an important index-level influence during the session.
Lower oil prices eased part of the market's inflation and rate-pressure backdrop.
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.
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 10:16:00 ET.
SPY first traded through this upside observation level at 14:14:00 ET.
What the Next Session Is Set Up to Test
LONG outlook • confirmation 777.61 • invalidation 772.35 • target 780.25 • extension 782.88.