SPY Structure Update (Daily Chart)

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The 10, 20, and 50 EMAs remain in healthy alignment and continue showing constructive upward curvature. The 200 EMA remains below price and is also steadily trending upward, keeping the broader structure constructive across multiple layers.

RSI is currently holding around 68, showing continued participation while remaining in a strong momentum range.

OBV has maintained an upward trend since March 31st and is currently consolidating near recent highs — something I continue watching closely for confirmation of sustained participation rather than deterioration.

One area that stands out structurally is the move through the 694 value high zone. Once price reclaimed and pushed through that area, momentum expanded noticeably and structure accelerated higher from there.

👀 What I’m Watching

RSI behavior for any loss of momentum or downward divergence
OBV participation to see if accumulation continues supporting price structure
Whether short-term EMA alignment remains intact during consolidation phases

⭐ Final Clarity Note ⭐
Current structure remains constructive with trend alignment, participation, and momentum still generally supporting higher price acceptance. As always, I’m not focused on prediction — I’m focused on observing whether structure, momentum, and participation continue confirming one another across layers.

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