$SPY finding resistance at 746?

asked by u/btc_maxi_dan · 23d · 1 answers

Watching $SPY this morning, it seems to be consistently rejected around the 746 level. We saw 746.14 earlier, but it quickly pulled back. If it can't push through and hold above 746.50, I'd be looking for a potential retest of the 739.51 overnight low. A clean break and hold above 747 would invalidate that short-term bias for me.

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  • u/mariam.demir· 1 pts· 23d

    That's an interesting observation on SPY's resistance. Are you seeing similar resistance across other large-cap indices like QQQ or DIA, or does this seem to be specific to SPY's composition today?

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