SPY’s bull flag remains active as price consolidates beneath 776.85 resistance and the 782.24 weekly target. Here are the key levels to watch this week.
Bulls took back control last week, pushing SPY through weekly resistance and completing a new daily bull flag. With momentum strengthening and price approaching 776.85 resistance, and the next move could target 782.24 and beyond.
The previous SPY bull flag failed, but buyers quickly reclaimed support. A new bull flag is now on watch as the market begins building its next bullish structure.
SPY’s daily bull flag remains active as buyers continue defending the 730.27 support level despite weakening daily momentum. Here’s what needs to happen for bulls to regain control, what would invalidate the pattern, and why this consolidation may be