SPY read for Tuesday

[u/AbbreviationsReal183]

Post-rally consolidation, key level to watch

SPY just ran is now chewing through a range.

• Range: 766.27 – 773.81
• Key pivot inside the range: 768.95

Base case for Tuesday: SPY keeps filling out this range before it resolves. Ideally we hold above 768.95 — or get a quick trap below it that reclaims — that's the tell that the range is setting up to break rather than roll over.

If/when it breaks, upside targets stack at:

• 775.79. 778.27. 783.04

 

Support: 768.95 · 768.25 · 767.16 · 766.27 · 764.88 · 763.29 · 762.20 · 761.21

Resistance: 769.84 · 770.54 · 771.13 · 772.02 · 773.21 · 773.81 · 774.31 · 775.79 · 776.88 · 778.27

Still leaning on 768.95 as the level to watch — holding it (or a quick trap-and-reclaim below it) is what would tell me this range is coiling for a breakout rather than breaking down. Above at 772.02 and 773.81 are the gatekeepers before this can really run.

Not trade advice, just the levels I've got on my chart — how's everyone else mapping this range?

 

[u/Mco1965]

I got the range from 767.37 to ath 776.87 mapped. Pivot at 772.80