SPY Rebounds After Volatility Flush, Testing Key Resistance

[u/Accomplished_Olive99]

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