$SPY — Liquidity and Breakout Watch 📊
SPY recorded roughly $14.04K in short liquidations near $764.42. A short squeeze can support an upward extension, but it does not establish a confirmed trend reversal. Broader equity-market weakness and resistance near the relevant trading range remain important considerations. citeturn601786news60turn601786news63
Support: $758–$762
Resistance: $768–$772
Next Target: $780, conditional on a confirmed breakout
Confirmation: A sustained move above resistance with improving volume would support further upside. Losing support would weaken the bullish setup and raise the risk of another pullback.
Let's go $SPY 🚀
#SPY #StockMarket #PriceAction #Liquidity
SPY recorded roughly $14.04K in short liquidations near $764.42. A short squeeze can support an upward extension, but it does not establish a confirmed trend reversal. Broader equity-market weakness and resistance near the relevant trading range remain important considerations. citeturn601786news60turn601786news63
Support: $758–$762
Resistance: $768–$772
Next Target: $780, conditional on a confirmed breakout
Confirmation: A sustained move above resistance with improving volume would support further upside. Losing support would weaken the bullish setup and raise the risk of another pullback.
Let's go $SPY 🚀
#SPY #StockMarket #PriceAction #Liquidity