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$SPY

BEARISH2026-10-23
Price around the call
↓ 2026-10-23
By horizonMaturing · ~21 trading days to go
1d
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5d
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21d
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Original post
Mr. T · 2026-10-23

I TOLD you 715 was important.... and it was...... now below that i said the plan changes .... $QQQ lost 715. it’s below that now, so i’m not going to sit here telling you everything looks fine. tech is weakening, and it’s putting pressure on the broader market. too many names aren’t holding up well. we need buyers to step in and actually hold the bounce. until that happens, i’m not convinced the bottom is in. $SPY is in a better spot technically. it’s testing the lower end of the rising channel around 760, an area where i’d normally look to buy. we’ve seen buyers respond around channel support before, but with tech struggling, i want to see that response first. being at a buying area and confirming a bottom are two different things. next week matters. QQQ needs to reclaim 715 and build

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