$SPY Short-Term (less than two week) Analysis

Wait 5 sec.

$SPY Short-Term (less than two week) AnalysisPalantir Technologies Inc. Class ABATS:PLTRHalcyon02Current Technical Picture The latest session traded: High: ~$747.25 Current: ~$743.30 Low: ~$740.83 This tells me buyers were unable to hold above $747, but they also defended the low-$740s. Probability Assessment (1 Week) Assuming no major macro shock outside earnings: Retest of $747.27: ≈70–75% This is only about 0.5% above the current price and is well within a normal weekly range. Retest of $750: ≈50–60% This would likely require at least one strong earnings reaction from a major tech company. Break and hold above $750: ≈35–40% Markets often need multiple positive catalysts to sustain a breakout beyond an established high. Pullback to the 38.2% Fib (~$738.50): ≈45% A common retracement if earnings are mixed. What I'd Watch The strongest bullish signal would be: Price holds above the 23.6% Fib (~$743). The 9 EMA remains above the 21 EMA. Volume expands on moves through $747.25. If those conditions occur, a move toward $750–752 becomes much more likely.