How SPY Behaved
SPY opened at 771.17 and finished 0.26% higher, closing at 773.17 after trading between 768.40 and 774.43.
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. Attention also turned toward major retailer earnings for a read on consumer demand and margins.
Inflation and Federal Reserve expectations remained an important part of the session's macro setup.
Attention also turned toward major retailer earnings for a read on consumer demand and margins.
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 12:39:00 ET.
What the Next Session Is Set Up to Test
LONG outlook • confirmation 773.95 • invalidation 767.93 • target 776.95 • extension 779.96.
