SPY – Liquidity Flow & Macro ContextSPDR S&P 500 ETF TrustBATS:SPYWavervanir_International_LLC🧭 SPY – Liquidity Flow & Macro Context Bias: Cautiously Bullish | VolanX DSS SPY continues to respect the ascending channel — structure intact. Each pullback toward the midline (660–654) offers liquidity-based entries within a healthy bullish trend. Volume Context: Rising volume confirms participation during expansions, while pullbacks show lighter volume → suggesting absorption, not reversal. Macro Alignment: Fed remains dovish 🕊️ → easing bias supports risk assets U.S. government shutdown adds noise but hasn’t broken liquidity confidence Rate-cut expectations remain elevated Global rotation favoring Tech + Pharma → underpins SPY strength Technical Map: Support: 660 / 654 Pivot Zone: 667–675 Target 1: 688.5 Target 2: 701.5 (extended Fibonacci confluence) Strategy: Wait for controlled pullback into 660–654 liquidity zone → monitor volume fade & RSI reset → re-enter for next expansion leg. 💡 Any healthy pullback = opportunity, not exit. #SPY #VolanX #Liquidity #SMC #Macro #BuyTheDip #Fed #TradingView #VolumeProfile