SPY

SPY
$754.60 +0.56% As of May 28, 9:00 PM
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Trade Idea

Strategy
Bull Call
Strikes
$680/681
Expiration
May 22
Target ROI
100.0%
Trade Reasoning
The current technical indicators for SPY signal a strong bullish trend, with the MACD positive and rising, supported by short-term EMAs that are also positive and trending upwards. This combination of factors indicates a favorable entry point as the stock is poised for further gains. By using an ATM Bull Call Spread with strikes at $680 and $681, we capitalize on this upward momentum while limiting our risk exposure, as the spread structure allows for an attractive risk/reward profile with potential high returns relative to the small losses we manage through disciplined exit strategies. 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.
• Short-term EMAs are positive.
• Short-term EMAs are rising.

Technical Analysis

Momentum Fatigue: SPY Extended at $754.60

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

SPY (SPY) advanced 0.56%, ending the session at $754.60 on May 28.

Key indicators suggest a mixed bias:

Moving Averages Bullish EMA alignment intact with price above the 9-day at $745.80 and 21-day at $735.11.
Momentum RSI at 72.8 is elevated in overbought zone, which often precedes pullbacks. MACD is bearish (12.58 vs signal 12.92).
Volatility Bollinger Band width at 5.6% indicates low volatility.

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

Key levels to watch: Support at $716.69, Resistance at $758.20.

RSI Above 70: SPY Getting Frothy at $750.46

Bearish
May 27, 2026 at 9:02 PM $750.46 (-0.02%)

SPY Overbought Surge to $750.59 May Stall

Bearish
May 26, 2026 at 9:00 PM $750.59 (+0.67%)

Strong Hands Lift SPY Above EMAs to $745.64

Bullish
May 26, 2026 at 12:28 AM $745.64 (+0.40%)

Buyers Lift SPY Past Key EMAs to $745.64

Bullish
May 25, 2026 at 9:00 PM $745.64 (+0.40%)
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 -6
Trade Date Apr 13, 2026
Disclaimer: This analysis is for educational purposes only. Options trading involves substantial risk. Past performance does not guarantee future results.