Author sees SPY as short-term oversold and likely to hold if it breaks above 686.5.
SPY — WATCH The author notes that many expect a dump but the market is oversold in the short term. They would not be surprised if SPY holds, especially if it breaks above 686.5. This is a conditional bullish technical watch with no stated risk.
So many are thinking it’s going to dump but we’re oversold short term. I wouldn’t be surprised if it holds especially if we break 686.5 on spy….
This Reddit post, published January 05, 2026, features u/Good_Lingonberry6626 discussing SPY. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: u/Good_Lingonberry6626 · Tickers: SPY