How SPY Behaved
SPY opened at 778.78 and finished 0.09% lower, closing at 778.07 after trading between 777.05 and 779.40.
The session high was recorded first, around 09:30 ET, before price later rotated down to the session low around 14:52 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. Higher oil prices increased inflation sensitivity and weighed on the broader equity risk backdrop. 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.
Higher oil prices increased inflation sensitivity and weighed on the broader equity risk backdrop.
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 12:51:00 ET.
What the Next Session Is Set Up to Test
SHORT outlook • confirmation 777.69 • invalidation 780.81 • target 776.13 • extension 774.57.