SPY

SPY
$758.54 +0.28% As of Jun 2, 12:41 AM
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Trade Idea

Strategy
Bull Call
Strikes
$689/690
Expiration
Feb 13
Target ROI
100.0%
Bullish Factors
MACD Positive and Rising.
• Short-term EMAs are positive.

Technical Analysis

SPY Approaches Resistance Overbought at $758.54

Bearish
Jun 2, 2026 at 12:41 AM • $758.54 (+0.28%)

The stock of SPY (SPY) climbed 0.28% to close at $758.54 on June 2.

Technical indicators paint a mixed picture:

Moving Averages Moving averages are stacked bullishly—9-day EMA ($750.06) supports, 21-day ($739.01) below.
Momentum RSI at 74.5 is elevated in overbought zone, which often precedes pullbacks. MACD reads 12.82 against its 12.87 signal line (bearish).
Volatility Bollinger Band width at 5.4% indicates low volatility.

While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.

Key levels to watch: Support at $721.03, Resistance at $761.43.

SPY Due for Rest After Push to $758.54

Bearish
Jun 1, 2026 at 9:00 PM • $758.54 (+0.28%)

Momentum Fatigue: SPY Extended at $756.48

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

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%)
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 -109
Trade Date Jan 8, 2026

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