$SPY WATCH FOR SIGNS OF WEAKNESS
The price has dropped sharply this week and is currently trading around 766.57, after hitting a low at 762.87.
The price is now testing a significant resistance zone around 767–770, which could determine the next move from here.
A failure to reclaim this zone could keep selling pressure in place and pull the price back toward 762.87.
The reaction around 767–770 will be decisive for what comes next.$SPY
The price has dropped sharply this week and is currently trading around 766.57, after hitting a low at 762.87.
The price is now testing a significant resistance zone around 767–770, which could determine the next move from here.
A failure to reclaim this zone could keep selling pressure in place and pull the price back toward 762.87.
The reaction around 767–770 will be decisive for what comes next.$SPY
