Welcome back, traders. If you were watching the tape last week, you know the market didn't hold back. We saw a classic trap-and-drop scenario that left many scrambling, culminating in a massive gap down that shifted the short-term structure on the S&P 500 ETF (SPY).

This weekly resource guide is designed to break down the technical damage done last week and lay out the roadmap for the upcoming week. We’ll also look at the cosmic side of the tape, mapping out the moon phases and energetic focus to keep your psychology dialed in.

Weekly Overview: SPY Price Action (July 20 - July 24, 2026)

The weekly candlestick closed as a pronounced bearish rejection. After establishing a high mid-week at $750.02, sellers took absolute control, driving the price down to close the week near the lows at $738.93. The defining feature of the week was a violent gap down on Thursday, which created a massive Fair Value Gap (FVG) that remains the primary overhead resistance.

Day-by-Day Breakdown

• Monday, July 20:

  • Action: SPY opened at $747.06, briefly tested higher, and sold off to close at $742.09.

  • Structure: This set a bearish tone early, creating a localized bearish order block as the market rejected higher prices.

• Tuesday, July 21:

  • Action: A strong bullish counter-attack. SPY opened at $746.29, swept Monday’s high to grab buy-side liquidity, and closed near the highs at $748.28.

  • Structure: This looked like a bullish engulfing setup, trapping early shorts and convincing retail traders that the uptrend was continuing.

• Wednesday, July 22:

  • Action: The trap springs. SPY pushed to the weekly high of $750.02 (sweeping Tuesday's high), but failed to hold it, closing lower at $747.41.

  • Structure: Classic "Turtle Soup" or liquidity grab. Smart money used the buy stops above $750 to build short positions. The rejection wick here set the stage for the collapse.

• Thursday, July 23:

  • Action: Gravity strikes. A massive gap down saw SPY open at $739.37 and dump to a low of $735.21 before closing at $738.18.

  • Structure: This created a monstrous Fair Value Gap (FVG) between Wednesday's low ($746.37) and Thursday's high ($742.56). This zone is now a premium supply area.

• Friday, July 24:

  • Action: Consolidation. SPY opened at $738.51, pushed up to $743.72 to partially test the FVG, but immediately rejected, closing as a doji at $738.93.

  • Structure: The inability to reclaim the FVG confirms seller dominance. The daily doji suggests indecision, but within a bearish context.

The Week Ahead: SPY Price Prediction (July 27 - July 31)

Going into next week, the chart is heavily influenced by the gravitational pull of Thursday's FVG ($742.56 - $746.37).

The Outlook: Expect early-week chop as the market attempts to retest that FVG. If SPY pushes into the $742-$744 range early Monday or Tuesday and prints weakness (long upper wicks or bearish order blocks on lower timeframes), it is a high-probability short setup. Unless bulls can close a daily candle back above $747, the path of least resistance is down. If we lose last week's low of $735.21, expect a rapid liquidity run into the $728-$730 support zones.

Astrological Edge: Moon Phases & Energy Focus (July 27 - 31)

Trading isn't just about reading the tape; it's about managing your own psychology. Next week brings a major astrological event—the Full Moon in Aquarius. Here is how to align your trading mindset with the cosmic weather.

Monday July 27 - Waxing Gibbous (Capricorn)

• Momentum & Planning: Energy is building. Use today to refine your levels and set your alerts. Don't force trades; let the setups come to you as market tension grows.

Tuesday July 28 - Waxing Gibbous (Capricorn)

• Anticipation & Restraint: Emotions will run high as we approach the Full Moon. Beware of FOMO (Fear of Missing Out). Stick strictly to your trading plan and avoid impulsive sizing.

Wednesday July 29 - Full Moon (Aquarius)

• Volatility & Culmination: The Buck Moon peaks today. Aquarius energy is erratic, innovative, and volatile. Expect sudden market shifts or unexpected news. Focus on letting go of losing positions rather than forcing new ones.

Thursday July 30 - Waning Gibbous (Aquarius)

• Reflection & Adjustment: The energy begins to disperse. Review the volatility from Wednesday. If you took a hit, process it without ego. This is a day for technical recalibration.

Friday July 31 - Waning Gibbous (Aquarius)

• Clearing Space: Close out the week by decluttering. Trim your watchlist, close out swing trades that aren't working, and clear your mental space so you can step into the weekend unburdened.