Weekly Market Momentum
SPY Bear Flag Active as Market Enters Key Decision Zone
SPY’s new bear flag is now fully formed, with 760.40 as the anchor high, 722.59 as support, and 737.03 to 745.95 as the resistance band.
SPY Cooling Off After the Run, 715.63 Now Matters Most
SPY’s overbought grind higher finally broke down last week, invalidating the smaller bullish structure and shifting the daily chart to a new bear flag watch from 760.40. The key level now is 715.63, where buyers may defend the broader uptrend, or whe
SPY Reaches 755.53 as Bullish Momentum Stretches
SPY stayed bullish last week and completed the move to the second daily target at 755.53 after breaking above 749.53. The broader trend remains intact, but with price extended and overbought, the next likely phase is consolidation or a pullback.
Alternative: SPY Trend Still Bullish, but Resistance Is Starting to Matter
SPY remains bullish overall, but the broad easy continuation phase is fading after the first loss of the 10EMA during this run.
