SPY is trading near 677.8, just below the critical 678-681 resistance zone. A break above 680 targets 683, while a drop below 678 opens a move toward 675. The host recommends staying neutral and letting price action guide trades.
SPY is starting the day below 2 massive levels that are pulling from above. SPY closed yesterday at 678.86 and is currently trading around 677.8, sitting just below a key range between 678 and 681. These are the critical decision points: above 680 opens bullish continuation towards 683; below 678 risks a bearish breakdown. Overhead, 680 and 681 are the 2 biggest levels on the chart, with heavy positioning pulling price upward. Max pain sits higher at 683. Below price, 678 is the first floor and flip zone. If that level fails, 675 becomes the next strong area of support. With price below the biggest levels, this setup favors a grind higher towards 680 and 681. A clean break and hold above 680 opens the path to 683. Lose 678, and we drop towards 675. We're still in range, so there's no bias— let the Q levels and price action guide the trade. Educational only, not financial advice.
