📅 SPY Daily Recap – Week of July 28, 2025

This week was a textbook follow-through of the breakout structure we’ve been tracking step-for-step.

🔓 Two weeks ago, we broke out above daily resistance at 626.28. Last week, we retested that breakout — and held. On Tuesday, price once again tapped that support level and buyers immediately stepped in, driving SPY $9 higher to hit our first daily target at 635.63.

📈 That move triggered a 52% gain in our 635 calls and validated the roadmap we’ve laid out.

The technical structure continues to support this advance:

• RSI continues to show bullish divergence — higher highs with stronger upside momentum.

• Price remains above the rising 10EMA, which continues to guide the trend cleanly.

• Long-term SMAs are rising together, further confirming the health of this move.

But this is also where discipline matters most.

Yes, we’re at short-term targets. Yes, price is extended. And no, that doesn’t mean a top is in — but it does mean this leg is mature.

What Comes Next?

If price holds above 626.28 and the 10EMA, bulls are still in full control and the next leg higher is likely already forming beneath the surface.

But if price begins to falter, the 10EMA breaks, and momentum rolls over — expect a new bullish consolidation patternto begin forming.

That will be the next big opportunity.

🧠 For traders feeling FOMO or frustration: the market never stops printing setups. They don’t always come when you want them, but they always come.

Let this rally run, and be ready for the next clean structure. The leaders are already separating from the noise — keep your eyes on relative strength, not rearview trades.