$SPY (Jan 23, 2026-weekly chart)
As long as SPY continues to close above the momentum bar at $680.8, the mid-term upward momentum remains unchanged.
Resistance sits in the $695–$696 range.
15 days ago, I explained why this #1 level at $653 would be the 1st target in a sell off from $675.
Clearly right now its acting as support for the market. This is extremely accurate for SPY.
Yesterday, on 10/10 SPY crashed 2-3%.
Exactly 1 month from today 10/11 so on 11/11 the SPY will be 2-3% higher.
In fact, its possible that by 12/11 the SPY would be trading close to 711.