SPY will stay above $760 and shrug off weakness

SPY will not hit a low of $760 during the week of August 31, 2026. The S&P 500 Index closed at $769.35 on August 28 and is trading between the 0.618 Arc and the 0.786 Arc with a bullish bias unless it closes below 7,650, according to VTMarkets. Yamtrades notes a downside gap at 7,675 that may cap d…