$SPY — slow bleed, low volatility 💤📉

This is the definition of a quiet bearish drift. No panic, no momentum… just sellers slowly pushing price lower inside a tight range.

Bias: Mild bearish / range market

Key levels: • Resistance: 736.5

• Mid resistance: 734 – 732

• Current: 731.56

• Support: 731 → 730

• Daily floor: 729.8

If 730 breaks → expect a sweep of 729.8.

If bulls reclaim 732, the drift likely ends and range continues.

This market is not trending — it’s chopping and bleeding slowly. Perfect environment for fake moves and liquidity grabs.

Disclaimer: Not financial advice. Manage risk.