Weekly Market Momentum
SPY Cooling Off After the Run, 715.63 Now Matters Most
Published on: 07/06/2026
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
Published on: 31/05/2026
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
Published on: 24/05/2026
SPY remains bullish overall, but the broad easy continuation phase is fading after the first loss of the 10EMA during this run.
SPY Pulls Back from 746.25 as Bullish Momentum Begins to Cool
Published on: 17/05/2026
SPY reached the major 746.25 target zone last week and finally began to cool after a long overbought expansion.
