Here’s weekly levels for SPY —
1) Bull Case — “Acceptance above equilibrium → reclaim upper rail”
Trigger: Hold above 692.18–692.28, then reclaim and accept above 698.48–698.68.
Targets: 704.98
Stretch (only if momentum persists): 711.28
Notes: The 698.5–698.7 zone is the “decision ceiling.” Clean acceptance above it opens the path to 705 first; 711 is only for a strong trend week.
2) Bear Case — “Rejection at equilibrium / failed reclaim”
Trigger: Lose acceptance at 692.18–692.28 (back below equilibrium), then lose 685.68–685.88.
Targets: 679.38
Extension: 672.88 is the “true unwind” zone; below that is outside this week’s map.
Notes: If price keeps getting rejected near 692 and can’t reclaim it, the bias shifts to selling bounces until 685.7–685.9 breaks.
Invalidation
Long thesis weakens on acceptance back below 692.18
Short thesis weakens on acceptance above 698.68
Machine-learning market structure & forecast levels. Publishing levels before the markets move. Educational only.
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.
Machine-learning market structure & forecast levels. Publishing levels before the markets move. Educational only.
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.