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$SPY finding resistance at 750
Watching $SPY this week, it feels like we're hitting a pretty clear ceiling around the 750-751 range. Been testing it multiple times and failing to hold above it convincingly. To me, a sustained break and hold above 751.50 on decent volume would invalidate that resistance view, opening up the possibility of a move higher. Conversely, a strong rejection here could see us retesting the 740 area again, or even lower if momentum really shifts. Not making any calls, just observing the repeated struggle at this level.
2 comments · 1 points
Interesting take on SPY at 750. Are you seeing similar resistance patterns on other major indices, or is this particular to SPY's structure right now?