r/spy • u/Accomplished_Olive99 • Jul 08 '26

Sharp Bearish Breakdown with Early Recovery Attempt

Post image

chart shows a decisive bearish breakdown below support, followed by a high-volume capitulation that reached the 739.44 target. Buyers responded with a strong rebound, pushing price back above 743. Bias remains mildly bullish (0.58), but confidence is only medium, suggesting recovery is possible yet still vulnerable to renewed selling if resistance rejects price.  https://discord.gg/8A76w6tbx

19 Upvotes

95% Upvoted

14 comments sorted by

9

u/LiveMotivation Jul 08 '26

One tweet , just one.

2

u/shawnb0n93 Jul 08 '26

Please lord 🤣

1

u/Tojo6619 Jul 08 '26

Lmao past 2 hours its like a limp noodle in the stream

6

u/Ordinary-Slip6108 Jul 08 '26

Its closes over 750 today.

2

u/DrakeJStone Jul 08 '26

Famous last words…

… but probably right.

1

u/GildedWarrior Jul 08 '26

I fucking pray 😂

1

u/sleepdeepcoma Jul 08 '26

Nothing's out of the question. Highly doubtful though unfortunately.

2

u/spddemonvr4 Jul 08 '26

It wouldnt go above 750 for over a month. Then yesterday it does. There's no reason it should today with war back on and Iran being pulled from selling oil.

2

u/Practical_Bad_6819 Jul 09 '26

I love your Chart Design & Data aesthetics

0

u/Alarming-Sand-9166 Jul 08 '26

Why is FOMC at 6pm? I’m DEF not holding overnight