Christian Harris @crh_55: "📈 SPY Stalls Again Under..."

United Kingdom

📈 SPY Stalls Again Under The Ceiling: Year‑End Profit‑Taking Emerges Yesterday’s candle shows SPY slipping slightly to close around 687.85 after again testing, but failing to clear, the horizontal resistance band just above 690 at the top of the four‑month rising channel. The failure leaves a small pullback bar near the recent highs and reinforces the idea that the market is consolidating just beneath resistance rather than launching a clean breakout into a new leg higher. Moving Averages & Trend Structure Price remains above the 20‑day, 50‑day and 100‑day simple moving averages, all of which are still upward‑sloping, confirming that the intermediate trend remains bullish despite the minor loss of momentum. The 200‑day moving average continues to rise well below current levels, so from a long‑term perspective SPY is still in a strong uptrend and any near‑term weakness currently looks like a pause within that trend rather than a structural reversal. Support, Resistance & Key Zones The red horizontal line at roughly 690, backed by the upper channel boundary slightly above it, remains the key ceiling that has capped multiple rallies since early December and now marks the level that must be overcome for a decisive breakout. Initial support lies around the 683–685 area where the 20‑day average and recent swing lows cluster, followed by more meaningful backing near 671 at the 50‑day average and the prior reaction low, with deeper structural support still anchored at 652 and then 640. Implications For Long‑Term Investors For long‑term investors, the chart still argues for staying invested. SPY is sitting near all‑time highs with all major moving averages trending higher and no breaks of key support zones. That said, repeated hesitation below 690 and the distance above the 200‑day average make a measured approach sensible, with some investors likely to lock in partial profits into strength and look to redeploy on pullbacks towards the 50‑day or 100‑day averages. Tactics For Short‑Term Technical Traders Short‑term traders can continue to treat 690 as the tactical pivot. While closes remain below this level, fading intraday strength into the 689–692 band with tight stops just above the channel high and targeting mean‑reversion back towards 683 or even the 50‑day line remains a viable range‑trading strategy. A convincing daily close above 691–692, followed by a successful retest from above, would instead favour breakout‑follow setups, with stop placement referenced to the 683 area or, more conservatively, just below 671. Key Market News From The Last Session On Monday the S&P 500 slipped about 0.3 percent, pulling back from record territory as major technology names such as Nvidia, Tesla and Oracle led a bout of year‑end profit‑taking and cooled expectations for an extended Santa‑rally surge. Despite the setback, the index remains up more than 17 percent for the year, with commentators framing the decline as a healthy consolidation after the Fed’s early‑December rate cut and a series of fresh highs rather than a decisive shift in the macro backdrop. 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 0.6% above the current share price ✅ The SPDR S&P 500 ETF 52-week low stock price is 481.80, which is 29.9% below the current share price ✅ The average SPDR S&P 500 ETF stock price for the last 52 weeks is 619.31. ⚠️ 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