$SPY Closing Summary — September 22 Choppy day for $SPY. The maState Street SPDR S&P 500 ETFBATS:SPYMTrades-TTSA choppy day for $SPY. The market went almost nowhere. Price opened at 774.03 and closed at 773.38 — basically flat. The whole day's range was 2.57 points, about a third of a normal day. It's the tightest range this month. Volume was also light — 34.71M against a 42M average, the first below-average day since early September. In plain terms: after yesterday's big move up, nobody did anything today. Buyers didn't push higher, sellers didn't push lower. The market just sat there and rested. The one thing worth noting is where it stalled. SPY touched 775.14 and came back down. That's the third time this month price has run into the 775 area and stopped. It's real resistance. The good news is the gap from yesterday held completely. The low was 772.57 and price never came close to filling it. The move up is still intact — it just didn't extend. What to watch tomorrow A move above 775.14 needs volume behind it. A push through on a light day like today wouldn't carry much weight. If price can't get above 775 again, this starts to look like a ceiling. Levels Above: 775 is resistance, then 779.37 — the all-time high. Below: 772.57 is the line, then 766, where the gap support sits. SPY