🕒 SPY Daily Overview - Week of June 23, 2025

After weeks of trending cleanly higher off the May lows, last week’s price action gave us the first clear signs of short-term exhaustion.

Following our system exit two Fridays ago, SPY began the week with strength, gapping higher Monday. But by Tuesday, the move had fully reversed—falling back below the stop level, back under resistance at 595.54, and closing the week with the steep trendline from early May now broken.

This confirms the system exit and shifts the market into pullback and potential consolidation mode.

🔍 Daily Technical Breakdown

• SwingTraderPro signaled an exit two Fridays ago, and while price briefly pushed higher on the following Monday’s open, it quickly reversed back under the stop zone by Tuesday and closed last week beneath resistance at 595.54.

• The breakdown from that micro push validated the system exit and shows exactly why sticking to the plan works - fewer losses, less FOMO, and more discipline.

• We’re now seeing price settle into a bullish support zone between 580 and 590. This aligns directly with rising longer-term SMAs and recent breakout structure.

⚙️ SMA Alignment Still a Concern

The 50 remains below the 100, and the 100 below the 200, still a very unhealthy daily trend configuration.

However:

• All three SMAs are now rising, and if price can continue to hold the 200 from here, the first Golden Cross (50 reclaiming the 100) could arrive as early as next week.

• This would mark a major momentum shift from bearish-to-neutral and potentially a move back toward fully bullish structure if the rally continues.

But if the 200 fails to hold...

That invalidates the entire recovery structure we’ve been building for weeks and opens the door for a retest of weekly support below.

🧠 Daily Takeaway

This is a crucial test area for the market. The daily uptrend is attempting to reset the bigger picture trend, and price holding above the 200 is essential.

• If support holds, we’re simply building a bull flag beneath highs.

• If support fails, the long-term weekly flag comes into play, and we’ll need to zoom out and prepare for broader retracement.

Either way, patience is key right now. Let structure build. Let the trend prove itself again.

And remember: we followed our plan, closed the swing when the system told us to, and avoided the exact kind of fade we’re seeing now.

That’s the edge.