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SPY Deep Dive

Oct 9, 2026 1:00 PM PT. Read today's Morning Report →

SPY (S&P 500 ETF)
$778.54
+0.60% 1d · +1.16% 7d
close 1:00 PM PT
Fear & Greed Index (CNN)
FearGreed
Neutral 45
Market Mode
TAKING OFF

Up 1.2% this week and above the old $778 high: a breakout to new highs.

Shark Signal
WaitBuy
Hold

Mixed signals. Hold what you have; no new buys yet.

SPY Wave Map

Price is testing upper resistance right now. From the $632 low (Mar 30) to the $779 high (Oct 6), SPY has climbed 23% in a steady staircase: 4 dips along the way, none deeper than 4%.

LowHighABCUpper resistance $771–$779Pullback zone $706–$723Support $671–$688Now $779Feb 13Jun 12Oct 9possibleLowHighABCResistancePullback zoneSupportNow $779Mar 10Jun 25Oct 9possible
  • Upper resistance $771–$779: the recent highs. Sellers have stepped in here; a close above opens the way higher.
  • Pullback zone $706–$723: the 38.2%–50% Fibonacci pullback of that move and SPY's 200-day average ($723). A normal place for a dip to stop.
  • Support $671–$688: the 61.8% Fibonacci level. A deeper dip should find buyers here.
  • 200-week average $567: the long-term floor, well below the chart. Only a major bear market reaches it.

The dashed path is one possible route, not a forecast. Levels come from Yahoo Finance daily closes and refresh through the day. Not financial advice.

Trend Check

Price is above its 50-day average ($768), above its 200-day average ($723) and above its 200-week average ($567). The 50-day is above the 200-day (longer-term uptrend).

Sources

  • Price and daily history: Yahoo Finance (SPY, close 1:00 PM PT).
  • Sentiment: CNN Fear & Greed Index.
  • 50-day / 200-day / 200-week averages computed from Yahoo Finance daily closes (weeks end on Friday).
  • Wave Map: swing points (3% swings) and Fibonacci levels computed from the last year of daily closes.