How SPY Behaved
SPY opened at 764.07 and finished 0.42% higher, closing at 767.27 after trading between 763.24 and 768.95.
The session low was recorded first, around 11:14 ET, before price later recovered to the session high around 12:57 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. 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.
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.
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 upside observation level at 12:18:00 ET.
What the Next Session Is Set Up to Test
LONG outlook • confirmation 768.31 • invalidation 761.73 • target 771.60 • extension 774.89.