SPY

SPY
$711.21 +1.02% As of Apr 23, 12:03 AM
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Trade Idea

Strategy
Bull Call
Strikes
$706/707
Expiration
May 29
Target ROI
100.0%
Trade Reasoning
The current price of SPY at $705.58 indicates a favorable entry point for a Bull Call Spread with strikes at $706 and $707, as it is just below the lower strike, positioning the trade to profit from a potential upward movement. The absence of identified technical risk factors reinforces the bullish sentiment, allowing for a strong likelihood of the stock rising past the sold call strike. This ATM spread structure offers an attractive risk/reward scenario, as it targets a significant ROI while maintaining a defined risk profile. 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

SPY Rally Stretched Thin Near $711.21

Bearish
Apr 23, 2026 at 12:03 AM $711.21 (+1.02%)

SPY (SPY) ticked higher by 1.02% to $711.21 on April 23.

The technical picture is bullish:

Momentum RSI at 70.0 is elevated in overbought zone, which often precedes pullbacks. MACD is bullish (11.41 vs signal 6.38).
Moving Averages The stock holds above both the 9-day ($698.61) and 21-day ($684.95) EMAs, confirming the uptrend.
Volatility Bollinger Band width at 15.1% indicates normal volatility.

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

Traders are watching $623.91 on the downside and $726.01 on the upside.

SPY Enters Danger Zone as RSI Spikes at $711.21

Bearish
Apr 22, 2026 at 9:00 PM $711.21 (+1.02%)

SPY Clears Resistance, EMAs Confirm at $704.08

Bullish
Apr 22, 2026 at 1:07 AM $704.08 (-0.66%)

SPY Maintains Uptrend, Holds Above EMAs at $704.08

Bullish
Apr 21, 2026 at 9:00 PM $704.08 (-0.66%)

RSI Above 70: SPY Getting Frothy at $708.72

Bearish
Apr 21, 2026 at 4:11 AM $708.72 (-0.20%)
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 35
Trade Date Apr 21, 2026
Disclaimer: This analysis is for educational purposes only. Options trading involves substantial risk. Past performance does not guarantee future results.