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JesseEcuyer
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JesseEcuyer
$SPY: Breakout Or Rejection At This Level?
in
General
6 hours ago
Technical BreakdownHere is what the chart is telling us right now:Key Pivot Zone ($760 – $762): SPY is currently grinding right at a major liquidity pocket. Buyers defended the recent pullbacks to $748, establishing a solid higher-low structure on the daily timeframe.Volume Profile & Momentum: Selling pressure dried up significantly during dips, while green expansion days came with steady volume growth. Both the 20-day and 50-day moving averages are sloping upward below current price.Breakout vs. Rejection Trigger: A solid daily close above $765 opens the door for a quick momentum push to t...
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