Christian Harris @crh_55: "📈 SPY Rejects Channel Highs..."

United Kingdom

📈 SPY Rejects Channel Highs As 2025 Ends On A Softer Note Yesterday SPY dropped to close near 681.9 after opening around 687, forming a clear red candle that turned lower directly from the well‑defined horizontal resistance band just above 690 and the upper boundary of the rising channel. This move confirms another rejection at the channel top and shifts the very short‑term tone from neutral to mildly corrective, even though price remains in the upper half of the broader uptrend that has been in place since late summer. Moving Averages & Trend Structure SPY is still trading above the 20‑day, 50‑day and 100‑day simple moving averages, which all retain upward slopes, signalling that the intermediate trend remains bullish despite the latest pullback from resistance. The 200‑day moving average continues to rise well below current levels, so from a long‑term perspective the dominant trend is still up and the latest decline looks like a routine reaction from overbought territory rather than the start of a structural bear phase. Support, Resistance & Key Zones The horizontal line around 690, reinforced by the upper channel boundary, remains the primary ceiling for SPY after repeated failures to sustain trade above it through December. On the downside, the first support area now sits around 666–668, where the most recent swing low and the rising 50‑day moving average converge, with more substantial backing down at the 652 level and a major structural shelf around 640 that has contained every significant pullback since August. Implications For Long‑Term Investors For long‑term investors, SPY’s ability to finish the year well above its 200‑day moving average and within touching distance of record highs keeps the long‑term case intact. The market has delivered a third consecutive double‑digit annual gain and all S&P sectors are on track to end 2025 in positive territory. The latest rejection at 690 simply argues for patience with new allocations and supports the idea of using deeper dips towards the 50‑day or 100‑day averages as more attractive entry points, with a decisive break below the 640 region a clearer trigger to reassess equity exposure. Tactics For Short‑Term Technical Traders Short‑term traders can view yesterday’s candle as confirmation of near‑term resistance. While SPY holds below 690, fading bounces into the 688–691 area with tight stops just above the channel high and targeting the 666–668 zone or the 50‑day average offers a defined‑risk mean‑reversion approach. Should price instead stabilise above mid‑660s and then reclaim 690 with a strong close and follow‑through, the bias would flip back in favour of breakout‑follow strategies, using the 666 area or, more conservatively, the 652 swing low as logical reference points for stop placement. Key Market News: Last Session & Year‑End Backdrop On the final trading day of 2025 the S&P 500 fell about 0.7 percent, marking a fourth straight daily decline as investors locked in profits after a powerful year in which the index still advanced roughly 17 percent and delivered a third consecutive year of double‑digit gains. The weakness came even as weekly US jobless claims surprised to the downside at around 199,000, underscoring labour‑market resilience and capping a year dominated by aggressive Federal Reserve easing and a powerful artificial‑intelligence‑led rally that drove the S&P 500 to record levels earlier in the week. Historical Price Data ✅ The all-time high SPDR S&P 500 ETF stock closing price was 690.38 on December 24, 2025 ✅ The SPDR S&P 500 ETF 52-week high stock price is 691.66, which is 1.4% above the current share price ✅ The SPDR S&P 500 ETF 52-week low stock price is 481.80, which is 29.4% below the current share price ✅ The average SPDR S&P 500 ETF stock price for the last 52 weeks is 620.10. ⚠️ Disclaimer: This is not financial advice. Trading carries risk. This information is for educational purposes only. 💚 Happy & Safe Investing $SPY (State Street SPDR S&P 500 ETF) / $QQQ (Invesco QQQ) / $DIA.US (SPDR Dow Jones Industrial Average ETF Trust ) / $IWM (Ishares Russell 2000 ETF) / $SPX500 / $NSDQ100 / $DJ30 / $RTY