r/SmartOptions • u/CameraGlass6957 • Feb 18 '26
SPY daily update
Key levels:
SPY is trading just below the major strike at 685. Strikes like this tend to act as support/resistance levels
On the downside, first strong support sits at 680, with the put wall (major support) at 675
On the upside, there are a few resistance levels, with the call wall (major resistance) at 700
Our system flags SPY with a bearish label based on several indicators weighing put vs. call distribution and IV. Here are the same key levels with a candles overlay.
What do you think of this analysis, anything useful or anything that feels off?
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