How Drawbridge Finance’s view on $SPY changed

2026-09-22

“Webinar - Live Trading using advanced options techniques Sep 22nd 11:00am PST (2:00pm EST)”

SPY near all-time highs; low volume in recent rise suggests fast potential drop to 6800 support.

Let's take a look at the S&P 500 index. The S&P 500 index tracks the S& P 500 index, and we see, oh my god, I pressed the wrong button. We can see on the Japanese candlestick charts , these are the daily candles, that we are very close to its all-time highs , as it is trading today at 7770.

Yesterday's rise was 0.08%. We have witnessed a significant movement. We had two green days, two days that were greenish , and then Monday to start this week, it was great. We have seen this large bullish candle.

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2026-08-26

“Livestream Tuesday Aug 25th 11:00am PST (2:00pm EST)”

SPY may experience a small pullback or range-bound movement; the speaker is not expecting a major decline but is positioning with cheap options to benefit from IV expansion if a sell-off occurs.

The gains have been incredible this year. Uh almost doubling the return of the S&P 500 which has been fantastic.

We're going to look at the S&P 500. The market is slightly green today at 18%. So, this is the S&P 500. You can see it's in the top portion of these these Bowlinger band ranges.

We've got a point of control uh fairly recently uh below the 6,900 level.

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