How SPY Behaved
SPY opened at 774.92 and finished 0.69% lower, closing at 769.61 after trading between 766.71 and 776.35.
The session high was recorded first, around 09:49 ET, before price later rotated down to the session low around 14:01 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. Inflation and Federal Reserve expectations remained an important part of the session's macro setup.
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 10:05:00 ET.
SPY first traded through this downside observation level at 11:38:00 ET.
SPY first traded through this downside observation level at 13:27:00 ET.
What the Next Session Is Set Up to Test
SHORT outlook • confirmation 773.25 • invalidation 777.91 • target 770.93 • extension 768.60.