SPY

SPY
$769.35 -0.23% As of Aug 29, 12:01 AM
Loading chart...
Interactive chart powered by TradingView

Trade Idea

Strategy
Bull Call
Strikes
$769/770
Expiration
Oct 2
Target ROI
100.0%
Trade Reasoning
The current stock price of SPY at $768.69 is just below the lower strike of our Bull Call Spread at $769, indicating a strong potential for upward movement. With no identified technical risk factors, this entry point is favorable as it allows us to capitalize on a likely price increase while limiting our risk. The ATM spread structure enhances our risk/reward profile by allowing for a high ROI, as we only need a modest upward move to achieve profitability. Maya's edge comes from disciplined trade management—knowing when to exit is just as important as when to enter. Subscribe to get real-time open and close alerts that take the guesswork out of trading.

Technical Analysis

Bulls Push SPY Above Key EMAs to $769.35

Bullish
Aug 29, 2026 at 12:01 AM $769.35 (-0.23%)

SPY (SPY) fell 0.23% to finish at $769.35 on August 29.

Technical indicators paint a bullish picture:

Moving Averages Bullish EMA alignment intact with price above the 9-day at $767.86 and 21-day at $764.90.
Momentum RSI at 56.6 is in neutral territory but trending higher. MACD reads 4.12 against its 5.06 signal line (bearish).
Volatility Bollinger Band width at 2.4% indicates low volatility.

While the trend remains bullish, weakening MACD warrants caution for new entries at current levels.

Technical levels: $759.88 support, $778.56 resistance.

EMA Crossover Fuels SPY Move to $769.35

Bullish
Aug 28, 2026 at 9:01 PM $769.35 (-0.23%)

EMA Crossover Fuels SPY Move to $771.10

Bullish
Aug 27, 2026 at 9:01 PM $771.10 (+0.66%)

SPY MACD Death Cross Forms at $766.08

Bearish
Aug 27, 2026 at 12:14 AM $766.08 (+0.03%)

SPY Momentum Tide Turns Negative at $766.08

Bearish
Aug 26, 2026 at 9:01 PM $766.08 (+0.03%)
Systematic technical analysis • Updated daily after market close
Exclusive Offer

Get Trade Alerts

Receive disciplined options trade ideas with entries, targets & risk management.

Use code:
HEADSTART50
50% off your first month

Key Stats

Entry Price $0.50
Max Profit $0.50
Max Loss $0.50
Days to Exp 33
Trade Date Aug 28, 2026
Disclaimer: This analysis is for educational purposes only. Options trading involves substantial risk. Past performance does not guarantee future results.