$574–$576 $SPY zone is a major supply wall.

If SPY stalls or wicks hard in this zone and fails to close above ~$576
My blue scenario toward 535.29 (0.382 fib) becomes likely.
Watch for intraday false breakouts....bull traps are common near supply peaks.

On the flip side, a clean break and hold above 576–579 turns the structure short-term bullish again toward 590–600.

https://www.threads.com/@millionaire.traders....OdwiCEC-7g