$SPY Week Outlook 📉
For this week, I'm leaning bearish while SPY remains below the 743.21–745.32 key resistance zone.
Main trigger: A breakdown below 738.87
If 738.87 fails, we could see a waterfall move into the 733–730 area, with potential for even lower prices if selling accelerates.
As long as price stays under the 743.21–745.32 zone, I'll continue favoring downside scenarios.
I'm also keeping an eye on the VIX around the 14–16.5 area. Any meaningful spike in volatility from these levels could add pressure to SPY and help fuel further downside.
Key Levels
🔴 Resistance: 743.21–745.32
🟢 Breakdown Trigger: 738.00
🎯 Downside Targets: 733.81 → 731.67 → 724.89
Patience around these levels will be key. The reaction at 738.87 should give us the next major clue.
Caught some shorts on Nq. Smt with ES on the highs. Aimed for Nwog and 4H fvg in both for TP still holding a runner on Mnq topstep!
First pre market entries were on lucid tradovate and my other shirt was around market open. 15 min fvg 1 min mmsm
Why is it so hard to teach you guys to be content with enough?
"I could have made this much..."
Yes, but you made money and had little to no drawdown.
"I guess, but it would be better to make the money at the limit order."
Close the screens and sort yourself boy.