🧠2026 SPY PLAY #1: SYSTEM OF A DOWN
Starting off the new year with focused SPY bangers as we return!
🧠2026 SPY PLAY #1 : SYSTEM OF A DOWN
🚨Back from Winter break for the New Year, let’s get to it!
PS: I wanted to get this issue out fast enough for you to make money on the play, so the evening edition will have more detail in videos and some more screenshots. SPY made our move quickly, so no time for frills.
🧱Pt. 1: STRUCTURE
Zoom out for a second and just look at this thing.
On the ES chart, price has been living inside a clean, disciplined descending channel. Every bounce has been sold. Every rally has respected the top rail. The market isn’t panicking, it’s working. Grinding. Pressing lower with intention.
The overnight session just tried to push back up into the channel resistance… and failed. Again.
🔄 COULD WE POP FIRST? NO—Because we already did.
The open call orders on SPY Magic were a concern—until they weren’t. With the opening gap those calls are now validated as having gone in the money, and the put whales are still valid for continued drop.
Price Action-wise this morning’s move did the only bullish thing we feared—two legitimate upside backtests after the previous session’s move.
📟 YEET TERMINAL CONFIRMATION
This is where the data locks it in:
Trend strength is increasing
Expansion is accelerating
This is not chop pretending to be bearish
The market has chosen direction, even if it hasn’t chosen speed yet.