This is a short clip pulled from today's full members-only SPY analysis. In it, I cover the key support level that held and explains exactly why the market is rallying off it today.

AI-generated source summary

The SP 500 SPDR ETF (SPY) is currently trading within a descending channel on the weekly chart. The price has recently found support at the lower boundary of this channel, near 660.99. The resistance is identified at 661.72. A break below 660.99 would confirm a bearish continuation. The previous support at 609.07 - 613.23 is a significant level to watch if the price continues to decline. The immediate outlook suggests potential downside, with the channel's lower bound acting as a critical inflection point.

AI-generated summary based on the source content.

Evidence and evaluation progress

1. Original source published

   16 Mar 2026, 19:43 UTC

   The analyst published the original source item.

2. Source recorded by Tahlil Plus

   18 May 2026, 20:24 UTC

   The public source was preserved as the evidence record for this case.

3. Market predictions extracted

   18 May 2026, 20:48 UTC

   1 eligible signal linked to this case.

4. Outcome tracking started

   18 Jul 2026, 03:45 UTC

   Tahlil Plus began monitoring the extracted predictions.

5. First prediction resolved

   18 Jul 2026, 03:45 UTC

   The first evaluable outcome in this case reached a terminal result.

6. Case evaluation completed

   18 Jul 2026, 03:45 UTC

   All evaluable predictions in this case reached terminal outcomes.