🚨 SPY SHORTS JUST GOT CAUGHT OFFSIDE!

🟢 Short Liquidated: $50.3K
🎯 Liquidation Price: $781.31

That liquidation hit comes as SPY pushes into a fresh high-zone battle. The broader tape remains strong: the S&P 500 reached another record high today, while SPY is trading close to its own recent peak.

⚔️ THE NEXT TEST

$781–$787 is the zone I’m watching closely.

🔥 Bullish continuation:
If SPY can reclaim and hold $781–$782, the squeeze could extend toward:

🎯 $787 → $790 → $800

Current technical levels place resistance around $776–$787, with the next major resistance cluster near $801.

🧊 WHERE BULLS MUST DEFEND

If the breakout fails and SPY slips back below $776, momentum could cool.

📉 Key downside checkpoints:
$768 → $759 → $751

The $767–$768 area is particularly important; a daily close below it would weaken the current bullish structure.

🧠 MY DESK VIEW

Bias: 🟢 Bullish, but don't chase the spike

SPY is sitting near record territory, so breakout confirmation matters.

🟢 Above $782 → momentum can accelerate
🟡 $776–$782 → breakout battle
🔴 Below $768 → pullback risk increases

🔥 $50.3K SHORTS JUST GOT FLUSHED — NOW WATCH WHETHER SPY TURNS THIS SQUEEZE INTO A RUN TOWARD $800.

My preference: wait for acceptance above resistance rather than buying directly into the liquidation candle.

Market commentary only — not financial advice.

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