How SPY Behaved
SPY opened at 768.78 and finished 0.33% higher, closing at 771.30 after trading between 766.29 and 772.28.
The session low was recorded first, around 10:15 ET, before price later recovered to the session high around 15:51 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. 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 10:05:00 ET.
What the Next Session Is Set Up to Test
LONG outlook • confirmation 772.53 • invalidation 766.83 • target 775.38 • extension 778.22.