Weekly Market Momentum
SPY Bull Flag On Watch as Market Coils Beneath Resistance
SPY invalidated its latest bear flag and is now back on bull flag watch from the 6/26 low at 716.58. With the TTM Squeeze flipping positive and price consolidating just below weekly resistance, the market looks increasingly constructive, but the new
SPY Bear Flag Watch Active as Market Drifts Toward Key Support
SPY’s daily bull flag failed last week after price lost the 10EMA and broke below 735.61, shifting the market into a new bear flag watch from the 6/15 high at 756.68.
SPY Consolidates Beneath Highs, Bull Flag Still in Play
SPY’s prior bear flag failed and a new bull flag is now active, with 722.59 as the anchor low, 756.68 as the anchor high, and 735.61 to 743.66 as the defense band. The market is now in consolidation, waiting for either a breakout toward 765.95 or a l
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.
