2026-01-12 17:26:07

S&P 500 futures took a $40 hit today—Powell's latest remarks combined with tightening credit card rate constraints are weighing on the broader tape. Here's the simplified version: Can $SPY hold the $690.50 level? If we break below that, watch $687.50 closely. That next tier will tell us whether serious buying interest shows up or if we're just retesting last week's lows with no real conviction behind it.

Limited bandwidth on my end today, so keeping this sharp. The key takeaway: know exactly what position you're defending and where your exit lines sit. Market's in edit mode—make sure your thesis is too.

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BuyTheTop

· 10h ago

Powell is causing trouble again. Can SPY hold this wave? Honestly, it's a bit uncertain.

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AltcoinHunter

· 10h ago

It's another Powell speech causing a sell-off. If the $690.50 level is broken, it will really be troublesome... But to be honest, the current market participants are not in a pure mindset. If it breaks down, it's just a trip to death anyway; after all, the chives have already been harvested long ago.

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PrivacyMaximalist

· 10h ago

Powell is stirring things up again. Can SPY hold at 690.50 this time... feels like it's going to break.

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FUD_Whisperer