SPY

SPY
$756.48 +0.25% As of May 31, 12:25 AM
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Trade Idea

Strategy
Bull Call
Strikes
$664/665
Expiration
Oct 24
Target ROI
100.0%
Bullish Factors
MACD Positive and Rising.
• Short-term EMAs are positive.
• Short-term EMAs are rising.

Technical Analysis

Momentum Fatigue: SPY Extended at $756.48

Bearish
May 31, 2026 at 12:25 AM • $756.48 (+0.25%)

SPY (SPY) advanced 0.25%, ending the session at $756.48 on May 31.

Chart analysis reveals a mixed configuration:

Moving Averages The stock holds above both the 9-day ($747.94) and 21-day ($737.06) EMAs, confirming the uptrend.
Momentum RSI at 73.8 is in overbought territory, suggesting potential near-term exhaustion. MACD is bearish (12.70 vs signal 12.88).
Volatility Bollinger Band width at 5.5% indicates low volatility.

The bullish trend is intact, but overbought momentum readings suggest waiting for a pullback.

Technical levels: $718.88 support, $759.79 resistance.

Profit-Taking Watch: SPY Reaches $756.48 on High RSI

Bearish
May 30, 2026 at 12:17 AM • $756.48 (+0.25%)

SPY Rally Stretched Thin Near $756.48

Bearish
May 29, 2026 at 9:00 PM • $756.48 (+0.25%)

Momentum Fatigue: SPY Extended at $754.60

Bearish
May 28, 2026 at 9:00 PM • $754.60 (+0.56%)

RSI Above 70: SPY Getting Frothy at $750.46

Bearish
May 27, 2026 at 9:02 PM • $750.46 (-0.02%)
Systematic technical analysis • Updated daily after market close
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Key Stats

Entry Price $0.50
Max Profit $0.50
Max Loss $0.50
Days to Exp -219
Trade Date Sep 19, 2025

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Disclaimer: This analysis is for educational purposes only. Options trading involves substantial risk. Past performance does not guarantee future results.