SPY — Bullish market call

Published by Bassem on 2026-09-26.

As long as the FOMC low at 747 is holding then the market structure is BULLISH; any 1-3% dip will get bought aggressively, and I’m expecting 781 at the very least before any big drop into the 730s or lower.

$SPY We got a very bullish weekly close. It confirmed the hammer from the week before (FOMC week). I’ll keep saying every week that as long as the FOMC low at 747 is holding then the market structure is BULLISH! Any 1-3% dip will get bought aggressively, and I’m expecting 781 at the very least before any big drop into the 730s or lower. If SPY loses 747 then the bear case is on and I’ll flip bearish. Other than that there is literally no other reason to try and time a top unless we get closer to 787-800 where a top can actually happen there.

Evidence review

pending

Trade interpretation

Long exposure to SPY; entry, sizing and execution remain unspecified.

Source condition

as long as the FOMC low at 747 is holding

Source target

781 at the very least

Source stop

If SPY loses 747 then the bear case is on and I’ll flip bearish

Speaker

unknown

Attribution

account_author

Extracted trade interpretations and hypothetical paper models do not confirm source fills or actual execution.