SPDR S&P 500 ETF TRUST
Long
Updated

Spy Monthly Close $595-$602

416
📈 May is on track to close bullish with projected levels of $595–$602.

This move is backed by the AlphaPulse™ Trading System:
– Momentum signals confirm multi-timeframe strength
– Anchored VWAP reclaimed from April highs
– MACD bull cross + RSI holding strong (60–70 zone)
– Price above SMA50/200 with elevated volume
– Fibonacci 1.618 aligns with $602 target


When anchored VWAP, MACD, RSI, volume, fibs, and AlphaPulse all align bullishly — and price structure supports clean higher lows — the probability of a May close between $595 and $602 becomes statistically favorable.


📈 Thesis Probability and Conditional Breakdown
🔷 Bullish Probability Estimate (May Close $595–$602):
📊 68% Probability of bullish continuation into $595–$602
Based on:

Multi-timeframe confluence (MACD, RSI, AVWAP)

No bearish divergences

Volume + smart money alignment (AlphaPulse Bot)

✅ Bull Case (If $580 Holds):
If price continues holding above $580, expect:

Continuation wave toward $595 (local fib target)

Acceleration into $602 (1.618 extension) if breakout holds above $596

Supported by:

AVWAP control staying bullish

MACD histogram expanding

RSI maintaining >60 zone

AlphaPulse breakout signal staying green

🎯 Target: $595–$602
📆 Timeframe: By May 30 close
🎯 Optional overshoot: $608 wick zone if volume spikes


⚠️ Bear Case Trigger (If $580 Breaks)
If $580 fails on high volume or with RSI divergence, the setup shifts:

Condition Bearish Implication
Break below $580 Invalidates current higher low base
MACD flips negative Signals momentum exhaustion
RSI < 50 Enters bearish zone
AlphaPulse Signal flips red Confirms structural breakdown

🔻 Downside Risk:
If $580 fails, probability of bearish retrace to $567 = 75%

$567 is the last demand support zone

Also aligns with prior consolidation + rising SMA50

Below this, momentum cracks completely, and macro selling may accelerate

🧠 Final Note:
“Above $580 = control remains with bulls.
Below $580 = structure breaks, and $567 becomes the likely magnet.”


AS always SafeTrades And JoeWtrades
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