SPY

SPY
$745.64 +0.40% As of May 22, 9:00 PM
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Trade Idea

Strategy
Bull Call
Strikes
$655/656
Expiration
May 15
Target ROI
100.0%
Trade Reasoning
The SPY Bull Call Spread is well-positioned for an upward price movement, supported by a bullish MACD that is both positive and rising, indicating strong momentum. Entering this trade at $654.04, just below the lower strike of $655, provides an advantageous entry point as the stock is poised to break through resistance. The ATM spread structure enhances the risk/reward profile, allowing for a high probability of profit while maintaining limited risk to capital. 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.
Bullish Factors
MACD Positive and Rising.

Technical Analysis

Moving Averages Propel SPY to $745.64

Bullish
May 22, 2026 at 9:00 PM $745.64 (+0.40%)

SPY (SPY) advanced 0.40%, ending the session at $745.64 on May 22.

The technical setup looks mixed:

Momentum RSI at 68.5 is in neutral territory. MACD reads 12.36 against its 13.32 signal line (bearish).
Moving Averages Price trades above the 9-day EMA ($739.73) with a bullish stack. The 21-day EMA at $729.53 provides support.
Volatility Bollinger Band width at 6.3% indicates low volatility.

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

Support sits at $708.52 with resistance at $754.64.

SPY Holds Bullish Structure Above $742.72

Bullish
May 21, 2026 at 9:00 PM $742.72 (+0.20%)

SPY Rides Bullish EMAs Higher to $741.25

Bullish
May 20, 2026 at 9:00 PM $741.25 (+1.03%)

Sell Signal: SPY MACD Turns Bearish at $733.73

Bearish
May 20, 2026 at 12:42 AM $733.73 (-0.67%)

Technical Momentum Favors SPY Bears at $733.73

Bearish
May 19, 2026 at 9:00 PM $733.73 (-0.67%)
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 -7
Trade Date Apr 7, 2026
Disclaimer: This analysis is for educational purposes only. Options trading involves substantial risk. Past performance does not guarantee future results.