SPY likely stays above the declining trend line if 10-year yields and oil do not spike; near-term bullish bias.
BullishHe framed it in days
“Yields Ease & Oil Drops: Key Stock Breakouts Ahead”
Verified InvestingPublished Sep 25 · 1 passage
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First up, guys, look at the S&P 500 pushing up pretty nicely after yesterday, failing to hold this declining trend line, the breakout scenario that took place on Monday. We never got a follow-up extension, and thus, we came right back down underneath that trend line.
But you see pre-market today looking like we're about to gap up and remain above this. As long as the 10-year yield and US oil do not spike, I see the spiders could have a very good shot of staying above this trend line. near-term for the bulls that would be good. You want to see a close above 768 and54.
Watchpoints
close above 768.54
What this channel has said about $SPY
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2026-09-25BullishThis one
First up, guys, look at the S&P 500 pushing up pretty nicely after yesterday, failing to hold this declining trend line, the breakout scenario that took place on Monday. We never got a follow-up extension, and thus, we came right back down underneath that trend line. But you see pre-market today looking like we're about to gap up and remain above this. As long as the 10-year yield and US oil do not spike, I see the spiders could have a very good shot of staying above this trend line. near-term for the bulls that would be good. You want to see a close above 768 and54.
Direction flip
2026-09-24Bearish
First, guys , with the Standard & Poor's 500 index. Okay, the Standard & Poor's 500 index on the daily timeframe, as you can see here, what did we reach at the highest level of today's price movement? We have reached the descending trend line , the trend line we have been talking about since the moment we identified the pivot points after the S &P 500 hit a new all-time high.
Quote at 01:09 ›