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BWby u/brianna.white·17hAnalysis

Watching $SPY at these highs

Hey everyone,

Just wanted to throw out some thoughts on $SPY. We've seen a pretty consistent move up, and hitting that 751.97 high today is certainly something to note. I'm looking at this 750-752 zone as a potential short-term resistance area. It's not a hard line in the sand, but after such a run, it feels like a spot where we could see some profit-taking or at least a bit of consolidation.

My take is that if we can decisively punch through 752 and hold it, then the path to higher levels remains open, maybe even targeting 755 or 760 next. However, if we see a rejection around these current levels, especially if we start closing below 748, that would get me thinking about a possible retrace towards the 745-746 area. The risk for me is a sustained close above 752 which would likely invalidate the idea of any immediate pullback. Just food for thought, let's see how it plays out.

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