Weekly Market Momentum
SPY Bear Flag Still Active as Bulls Test Key Resistance
SPY rebounded from weekly support last week, but the active daily bear flag remains intact. The key level now is 663.09 near the 200SMA, where bulls must reclaim resistance or risk another leg lower back toward 644.72, 636.64, and 629.25.
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.
