Weekly Market Momentum
SPY Bear Flag Continues Toward Key Weekly Support
SPY remains in an active daily bear flag after breaking below 644.72 and reaching its first target at 636.64. With the next target at 626.35 and weekly support just below, this week’s analysis maps the path lower, the key resistance band overhead, and what to watch for if buyers begin forming a base.
SPY Bear Flag Continues as Price Reaches Major Support Zone
SPY continued the active bear flag breakdown this week, losing the 200SMA and weekly fib fan support while hitting both downside swing targets. The next key level is weekly support at 629.25, with buyers still needing to prove themselves before any reversal can be trusted.
SPY Bear Flag Breaks Support as Decade-Long Squeeze Releases
New Blog Post DescriptionSPY breaks bear flag support at 662.39 as the longest daily volatility squeeze in over a decade finally releases. Downside targets and key support levels now come into focus.
SPY Loses Bull Structure as Historic Squeeze Continues
SPY invalidates another daily pattern as the longest volatility squeeze in years continues. With a new bear flag potentially forming beneath 687.09, downside support levels at 663.39 and the 200SMA are now in focus.
