$SPY

SPY recovered well; closing higher tomorrow could break the downward trend.

BullishHe framed it in days
“Yields Pull Back as AI Server Forecast Sparks Semiconductor Rally”
Verified InvestingPublished Sep 17 · 5 passages
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5 passages

First, with the S&P 500 up 1.13% today, that's an excellent performance. As you can see, over the past four trading days, we have touched the horizontal trend line derived from a previous all-time high in June.

This area has been a point of contention, whether we were heading down, up, or down, or even today we have seen an upward gap, then a drop, then a test of this level, then a bounce.

So, this was a good recovery. As I mentioned, it was primarily driven by the decline in 10-year bond yields and US oil prices on the charts.

Tomorrow , the near-term resistance will be the closing gap from September 11. But guys, look at what I see here on the graph, and this is also happening in the first quarter results.

We have this slight dip on the charts, and this single candlestick breaks through the entire trend in one move. So, the improvement for the S&P 500 index tomorrow may come with a higher close than today's candle, which will help it get out of its downward trend. Good movement in the S&P index.

What this channel has said about $SPY

Verified Investing has 17 calls on this stock; only the adjacent ones are shown.

2026-09-21Bullish
First up with the S&P 500. As you can see here, what a monumental day and push higher we experienced today with the S&P 500. Up 1.55%. But notice one thing I I paid attention to today. The volume was not really there. We had 49 million shares traded on the spiders today. Just flipping it on. That's not a heavy breakout scenario day. Now you can see we had heavier volume back here. And it really wasn't standout, you know, very low volume, but it just wasn't a big rallying cry push with investors all loading in and pushing forward in the markets. But still, we find ourselves above this declining trend line most importantly. And what that does, guys, I'll flip the volume off. That then brings into play all-time highs as early as tomorrow with this horizontal trend line that I just drew on the chart at $779.37. Pushing up into that area is easily accomplishable tomorrow because of what we did today. Look at that huge gap up and and move forward that we had. We could easily come up in there and be talking about brand new all-time highs while the 10-year yield is just slightly under 5%.
Quote at 00:54 ›
2026-09-17BullishThis one
First, with the S&P 500 up 1.13% today, that's an excellent performance.
2026-09-15
We got the spiders down 46%. Not a big tremendous fall, but still pushing down on the charts. You notice today we did close underneath this previous all-time high pivot. This level illustrated by a horizontal trend line on your charts has been the area of support for the most recent declines that we saw starting this month in September. Now, we've breached it most recently September 10th. We breached it again yesterday, but did our best to fight and get above it to close. Now, today couldn't hold on. Had to push down lower.
Quote at 01:00 ›
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KOL Says
KOL Says