$SPDR S&P 500 ETF Trust(SPY)$ For
SPDR S&P 500 ETF Trust (SPY)
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, the near-term setup is a rebound within a still-fragile medium-term pullback. The key test is whether it can hold above the $740–$743 area; sustained trade above $761–$766 would improve the technical picture.
Level / zone Why it matters
$755–$756 Immediate overhead: 2026-11-10 intraday high was $755.42 . A move back above it would indicate the rebound is extending.
$761–$766 Main near-term resistance band. Multiple recent resistance readings fall here, including $761.35–$761.94 on 2026-11-05/06 and $766.05 on 2026-11-09.
$771–$775 Next supply zone, corresponding to late-October swing highs/resistance.
$781.62 Major resistance and the 52-week high, recorded on 2026-10-06.
$740–$743 First support. This combines the latest indicated support at $740.54 , today’s low of $741.03 , and nearby recent support readings.
$732.71–$735.29 Critical secondary support: the 2026-11-05 range low was $732.71 , while $735.29 was the prior close before the latest rebound.
$726–$717 Deeper support zone. $726.26 was a support reading on 2026-11-06, followed by $717.29 on 2026-11-05. A break below $732–$735 would put this area in focus.
Current context: SPY’s latest regular-session price was $752.69 , while the pre-market quote was $748.86 as of 2026-11-10. The short-term trend is classified as a volatile rise, but the medium-term signal remains only a small rebound within a decline trend. That distinction matters: the sharp 2026-11-05 decline occurred on 125.89 million shares, versus 50.28 million on the subsequent rebound session, so price acceptance above $761–$766 would be more constructive than a brief intraday touch.
What to monitor
Constructive scenario: SPY holds $740–$743 and reclaims $761–$766 on durable participation; $771–$775 then becomes the next technical hurdle.
Bearish invalidation: Failure back below $740–$743, especially a close below $732–$735, would weaken the rebound and expose $726–$717.
The pre-market quote is below the latest regular close, so the opening reaction around the $740–$756 range is particularly relevant.
SPDR S&P 500 ETF Trust
752.69
17.4
+17.40(2.37%)
Pre-market:
748.90
-3.7900
-0.50%
08:48 EST
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