How SPY Behaved
SPY opened at 773.24 and finished 1.29% lower, closing at 763.25 after trading between 760.64 and 773.25.
The session high was recorded first, around 09:30 ET, before price later rotated down to the session low around 15:08 ET. SPY finished in the lower 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 11:22:00 ET.
SPY first traded through this downside observation level at 12:48:00 ET.
SPY first traded through this downside observation level at 13:16:00 ET.
What the Next Session Is Set Up to Test
SHORT outlook • confirmation 768.75 • invalidation 774.61 • target 765.82 • extension 762.88.