$SPY 5 Make-or-Break Zones for This Week

Michael Esther
04-13

$SPDR S&P 500 ETF Trust(SPY)$

5 critical levels that decide EVERYTHING this week.

Here’s what matters:

1. $690–697 (Institutional Resistance)

If we get escalation (military response / Hormuz stays closed), this level likely rejects hard.

Only a de-escalation headline gets us acceptance above → squeeze to new highs.

2. $675 (50SMA)

This is the battleground.

War uncertainty = chop below.

Diplomacy signals = reclaim → bulls regain control.

3. $665 (200SMA)

Last line for trend structure.

If war escalates + oil spikes → lose this = trend flips bearish fast.

Hold this = market still pricing this as temporary.

4. $660 Gap (Exhaustion vs Breakaway)

This gap tells the truth:

• Escalation → gap becomes breakaway down (continuation lower)

• Peace → gap becomes exhaustion → reversal fuel higher

5. $630 (Institutional Support)

This is where BIG money defends.

Only reached if worst-case: prolonged war + 4%+ inflation fears.

Lose this... and we’re repricing the entire macro regime.

♻️ REPOST and share 1 comment if you're interested in knowing what my SPY targets are for this week!

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