After a sharp selloff and rapid bounce from support, SPY is now compressing between major resistance levels. Momentum is neutral, patterns are forming, and the next breakout or breakdown will set the tone. Full chart analysis inside.
SPY continues to compress beneath the rising weekly trendline, with bulls still holding control but momentum beginning to fade. Daily structure shows signs of pressure building — will buyers step in again, or is a pullback coming first?
SPY continues grinding higher into January with bullish structure intact. Momentum is cooling, but this is not a top — focus on leaders and clean setups.
SPY failed to hold its daily breakout and is now resetting near the 50SMA. Momentum has rolled bearish, signaling choppy upside and a likely structure reset.