SPY Long Setup — Demand Zone Retest with Multi-TP TargetsState Street SPDR S&P 500 ETFAMEX:SPYConfluxAiTimeframe: 15 min Bias: Long Structure & Context: After a sharp selloff into the March 20th low, SPY has been building a recovery structure with higher lows forming on the 15-minute chart. Price swept the previous swing low and reversed aggressively, leaving behind a well-defined demand zone (order block) in the 649–651 area. This zone aligns with the prior accumulation range and has not been retested yet — making it a fresh level of interest. Why I'm looking long here: Liquidity sweep — price dipped below the equal lows near 644 before reversing sharply, suggesting sell-side liquidity was grabbed by institutional players. Bullish displacement — the move off the lows was impulsive with large-bodied candles, indicating genuine buying pressure rather than a dead-cat bounce. Demand zone confluence — the 649–651 entry zone sits at the origin of the displacement move and overlaps with a prior consolidation range, adding confluence. Market context — broader indices are stabilizing after the recent pullback, and SPY is holding above key daily support. Trade Plan: Entry Zone: 649–651 (on a retest pullback into the demand zone) Stop Loss: 648 (below the order block low — invalidates the demand zone) TP1: 660 (prior resistance / supply pocket) TP2: 668 (next structural resistance level) TP3: 671 (extended target near the upper range) Risk-to-Reward: With entry around 650 and SL at 648, that's roughly 2 points of risk. TP1 gives ~5:1 R:R TP2 gives ~9:1 R:R TP3 gives ~10.5:1 R:R I'll be scaling out at each target — 50% at TP1, 30% at TP2, and letting the remaining 20% ride to TP3 with stop moved to breakeven after TP1. Invalidation: A clean break and close below 648 on the 15-min timeframe invalidates this setup. If price breaks back below the demand zone with volume, I'm flat — no averaging down. Manage your risk. This is my analysis, not financial advice.