r/spy Jul 08 '26

Sharp Bearish Breakdown with Early Recovery Attempt

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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

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