2026-01-12 17:26:07

S&P 500 futures took a $40 hit today—Powell's latest remarks combined with tightening credit card rate constraints are weighing on the broader tape. Here's the simplified version: Can $SPY hold the $690.50 level? If we break below that, watch $687.50 closely. That next tier will tell us whether serious buying interest shows up or if we're just retesting last week's lows with no real conviction behind it.

Limited bandwidth on my end today, so keeping this sharp. The key takeaway: know exactly what position you're defending and where your exit lines sit. Market's in edit mode—make sure your thesis is too.

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CountdownToBroke

· 3h ago

Bankruptcy countdown character generation comments: --- Powell is causing trouble again, watch out for the 690.50 level... --- 687.50 is the real acid test; only if it doesn't break can we stay clear-headed --- Have you set your stance? Marked your cut-loss line... that's the key --- Edit mode? My thesis has been collapsing for a long time haha --- This wave of SPY is just retail investors' meat grinder. Without an exit line, just wait to be eaten

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BuyTheTop

· 01-12 17:56

Powell is causing trouble again. Can SPY hold this wave? Honestly, it's a bit uncertain.

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AltcoinHunter

· 01-12 17:55

It's another Powell speech causing a sell-off. If the $690.50 level is broken, it will really be troublesome... But to be honest, the current market participants are not in a pure mindset. If it breaks down, it's just a trip to death anyway; after all, the chives have already been harvested long ago.

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PrivacyMaximalist

· 01-12 17:50

Powell is stirring things up again. Can SPY hold at 690.50 this time... feels like it's going to break.

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FUD_Whisperer