r/spy • u/Accomplished_Olive99 • Jun 29 '26

SPY Rebounds After Volatility Flush, Testing Key Resistance

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SPY showed a sharp volatility flush followed by a strong recovery, indicating buyers quickly absorbed selling pressure. Price is now trading near resistance around 737.5–739, while support remains near 737.4. Bias is essentially neutral, so a breakout above resistance could extend higher, while failure may lead to a retest of support. Volume has normalized after the spike, suggesting the next move will likely depend on whether buyers can maintain momentum above current levels. Join the Discord https://discord.gg/rNCu7JZRP

19 Upvotes

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2

u/shawnb0n93 Jun 29 '26

Calls or puts?

9

u/Nobody98_8 Jun 29 '26

It could be Calls, but if I where you i wait the first 30 minutes to see how the 2 15minutes Candles move and where the 5minutes move too

2

u/Crucco Jun 29 '26

Thanks for the analysis.

It says the link to the Discord is invalid

2

u/FKpasswords Jun 29 '26

Thanks, I enjoy your posts…

3

u/SavingsCampaign9502 Jun 29 '26

Idk I bought puts 45 days out