$SPY Setup 09/01/26 (Is there a bullish case?) - Current Pr

Astro Zan2026/09/01 20:06:17

$SPY Setup 09/01/26 (Is there a bullish case?) - Current Price $764+ < 10-SMA <20-SMA ❌ - Price $214, maintaining its bullish wave structure ✅ - $SVIX > $28, resisting corrective action, but has time until Thursday to complete. $VIX $VVIX suppression active ❌ - $AVGO earnings can flip the balance back in favor of the semis bulls. No bearishness until NVDA loses $214, the previous Wave1 high. - #WTI broke out of its consolidation wedge decisively ❌ - SPY $763 previous support is providing support again against the origin declining line (purple), fall below $760 opens the door for $753 against the same support line. In conclusion, the setup is bearish to neutral pending a resolution on $NVDA $AVGO pricing, and acceleration to the price of $USO oil and $VIX $VVIX $DXY #US10Y. Share & Subscribe, . $SPY $QQQ $IWM $MDY $RUT $DIA $SDOW $SOXX $SOXS $SMH $NVDA $TSLA $YINN $VIX $VXX $TLT bitcoin:native $GLD $SLV $SVXY $DRAM $SNDK $MU $EWJ $EWY

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