SPY at a Critical Level! Key Trade Setups for Oct. 1 SPDR S&P 500 ETF TrustBATS:SPYBullBearInsightsMarket Structure (15m & 1h) SPY closed around 664.6, holding inside an ascending channel. Price made a strong push into the 666–667 zone before cooling off. On the 15m chart, MACD is rolling down and Stoch RSI is oversold, suggesting near-term weakness, but the 1h structure is still bullish as long as 658–660 trendline support holds. Support & Resistance Zones * Resistance: 667 → 668 (Gamma walls + overhead supply) * Support: 663–664, then 662, with stronger defense at 660–658 GEX / Options Sentiment * Highest positive GEX magnet: 665 * Call walls: 667–668 (heavy cluster, tough to crack) * Put walls: 662, 660 (strong downside lines) * Options flow still favors puts (63%), showing downside hedging is dominant. My Thoughts SPY is coiling in a tight pocket: * Bullish case: Holding 663–664 could bring another test into 667–668. A breakout over 668 with volume would open the door to 670+. * Bearish case: Losing 663 turns momentum back to sellers, targeting 662 → 660, with 658 trendline as last defense. Trade Setups for Oct. 1 * Bullish scalp: Long off 663–664 support, target 667–668, stop below 661.5. * Bearish scalp: Short rejection at 667–668, target 662–660, stop above 669. * Swing watch: Clear close above 668 → upside extension toward 670–672. SPY is pinned between 663–664 support and 667–668 resistance. Whichever side breaks first will likely define the day’s momentum. Bulls must reclaim and hold above 668 for continuation, while bears need a break under 663 to take control. Disclaimer: This analysis is for educational purposes only and not financial advice. Trade safely and manage risk.