How T3 Live’s view on $SPY changed

2026-10-01

“Scott Redler’s #630club - LIVE Premarket Stock Market Update”

SPY technicals are weak/iffy; short-term bounce expected due to mechanical new quarter flows.

by the way the spy is getting a little iffy. I could see why, you know, people are kind of risk down. Yesterday you did get a chance to um manage some of your risk when it uh traded above 76695 and failed to hold it.

But um if you went out short, you know, you just kind of had to know from experience that new month, new quarter usually gets some flows. And there was a selling balance of 12 billion to sell in the last eight minutes of the day. not because you know of macro reasons or this and it was just mechanical.

Watch the source03:47

2026-09-16Bullish

“Sami Abusaad & James Young: How to Become an Elite Trader”

SPY is expected to form a higher low and move up later due to the sustainability of the recent breakout.

Probably the spy spy will move up. If you look at the the the S&P 500, this was a really bullish move. So, yeah, we we got a breakdown today, but do I believe it's going to lead to a long-term bearish stop?

I don't think so. Because of that breakout that we got, we're still inside of that breakout. And notice how the breakout formed. We initially got a breakdown. So, everybody went short or sold their positions and then we went exploded higher.

That's that's usually sustainable. So, whatever happens here, we should end up with a higher low and end up moving up later on. Maybe might take a while because this ends up being like a rounded top, bearish top. But, uh, we'll see.

Watch the source1:22:35

2026-09-06

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