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SPDR S&P 500 ETF Trust
Short
Updated

SHORT | SPY

222
SPY

SPY Daily – Bearish Setup Developing

Trend Structure

  • SPY recently printed a Higher High near 646 but failed to hold momentum.
  • Current structure remains bullish overall, but the short-term is weakening.
  • A break below 627 would put the Higher Low sequence at risk.


EMA Context

  • Price rejected under the 9 EMA, signaling short-term weakness.
  • The 35 EMA around 629–630 is the first key support.
  • The 100 EMA near 607 aligns with demand/FVG zones and represents a major inflection.


Targets
  • TP1: 633.77
  • TP2: 627.04


Invalidation
A daily close above 646 would negate the bearish bias and re-open upside continuation.

Bias
Short-term bearish, expecting tests of 633.77 and 627.04.
If 627 breaks, next levels are 614–607.
Trade closed: target reached
TP1 633.77 Hit successfully.
shkspr
no pain, no gain
Unveiling illusions, revealing wealth
Also on:
Chart PatternsTechnical IndicatorsSPDR S&P 500 ETF (SPY) Trend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsTechnical IndicatorsSPDR S&P 500 ETF (SPY) Trend Analysis
shkspr
no pain, no gain
Unveiling illusions, revealing wealth
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.