$SPY Watchlist Plan: Week of 6/17Watchlist Plan: Week of 6/17
Stock Near All-Time High
Approaching ATH at 613.23 — key pivot zone
Break and hold above: Look for calls targeting momentum continuation (e.g., 620, 630 psychological levels)
Rejection off ATH: Look for puts targeting a retracement toward 599, then 568
Retracement and Support Zones
599: Micro support on smaller timeframes (15m/1h). Watch for intraday bounce or breakdown.
568: Key downside target if rejection at ATH confirms and 599 fails. Consider swing puts toward this level.
Also monitor the 585–590 range for potential consolidation or minor support.
Game Plan Triggers
Bullish confirmation:
Clean break and hold above 613.23 with strong volume
Market-wide risk-on tone (SPY, QQQ green)
Bearish setup:
Strong rejection at or below ATH
Market-wide pullback or macro weakness (especially in tech or consumer sectors)
Catalysts
June 17 (Monday): Retail Sales Report — gauge of consumer strength
June 18 (Tuesday): Unemployment Claims — snapshot of labor market health
Strong data may fuel market optimism
Weak data could tilt market bearish
Additional Notes
Watch for volume divergence near ATH — breakout with low volume can trap longs
Use pre-market action to frame bias: gap up with follow-through = strength; gap up followed by fade = weakness
Keep an eye on VIX and bond yields for macro pressure indicators
