$SPY Range Battle Continues With $676 Acting as Key Pivot

SmartReversals
16:24

$SPDR S&P 500 ETF Trust(SPY)$ : Two valid perspectives on this chart:

A) Bearish: Every bounce has faded; lower highs have persisted for a month.

B) Bullish: The volume shelf is holding, and a Stochastic crossover suggests continuation.

My take: Bullish above $676; breakdown below. ⚖️

$Invesco QQQ(QQQ)$ : $601

The Money Flow Index is as oversold as the 2023 correction and the 2025 bottom. It sits BELOW COVID crash levels, exceeded only by the 2022 bear market lows. Most of the bearish move is in.

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