Welcome to your weekly market resource guide. Last week, the S&P 500 ETF (SPY) experienced notable distribution as tech sector fatigue, rising AI spending concerns, and quarter-end rebalancing drove prices lower. Meanwhile, the cosmos is serving up major structural shifts, including a Capricorn Full Moon and Mercury stationing retrograde.

Use this guide to align your technical charts with the macro-energetic tides for the upcoming trading week.

SPY Weekly Price Action Review (June 22 – June 26, 2026)

Weekly Candlestick Structure

The weekly candle for SPY printed a bearish engulfing structure. Opening near the top of its recent range at $747.70, it swept early liquidity before aggressive selling drove price down to a weekly low of $716.58, ultimately closing Friday at $728.99. This decisively broke down below the previous multi-week consolidation and shifted short-term institutional order flow to bearish.

Day-by-Day Price Action Breakdown

• Monday, June 22: SPY opened at $747.70 and pushed to a weekly high of $750.18. However, tech weakness started creeping in early. Price reversed intraday, leaving a notable upper wick and closing lower at $744.39. This action mitigated a lower timeframe Bearish Order Block (OB) right at the $750 figure.

• Tuesday, June 23: A gap-down open at $733.81 instantly trapped long traders. Price briefly retraced up to $739.63 to fill a portion of the morning gap, creating a distinct Fair Value Gap (FVG) on the daily chart between Monday’s low and Tuesday’s body. Sellers defended the gap aggressively, driving price to close at $733.58.

• Wednesday, June 24: Consolidation and sector rotation day. SPY traded tightly within a high of $739.95 and a low of $730.84. It printed an inside bar or "spinning top" daily candle, closing nearly flat at $733.24. This signaled temporary equilibrium as money left tech and trickled into value sectors.

• Thursday, June 25: A brief relief rally saw SPY attempt to reclaim the psychological $740 level, hitting a high of $739.37. Price found dynamic support at its daily 50-day moving average, bouncing late in the session to close green at $734.30. This bounce left behind a minor daily bullish order block around $730.

• Friday, June 26: The relief was short-lived. Chipmaker stock collapses triggered massive institutional distribution. SPY opened at $728.95, cratered straight through the Thursday support to swipe sell-side liquidity down to $716.58, and put in a marginal late-day recovery to close at $728.99.

Technical Outlook: The Week Ahead (June 29 – July 3, 2026)

Heading into the final days of Q2 and early Q3 rebalancing, the technical bias remains heavily weighted to the downside, but heavily oversold on shorter timeframes.

• Bearish Scenario: If SPY fails to reclaim Friday's breakdown point around $734, expect sellers to target the liquidity resting just below the $716.58 low, exposing a deeper weekly institutional order block sitting down near $708 - $710.

• Bullish Scenario: Look for a potential "dead cat bounce" or short squeeze early in the week. If buyers can push price back over $734.30, price will look to fill the daily Fair Value Gap (FVG) stretching between $735 and $743.

Cosmic Trader’s Calendar (June 29 – July 3, 2026)

This week, major astrological milestones overlap directly with critical market inflection points. Align your mental capital with the planetary shifts below.

Monday, June 29, 2026

• Moon Phase & Sign: Full Moon in Capricorn (Peaking at 7:56 PM EDT)

• Astrological Shifts:Mercury stations Retrograde in Cancer.

• Energy of Focus:The Midyear Reckoning. Capricorn demands reality checks, structural integrity, and accountability. Combined with Mercury retrograde stationing today, look out for unexpected technical glitches, communication delays, or sudden narrative reversals in corporate news. Do not force trades; stick strictly to your predefined risk models.

Tuesday, June 30, 2026

• Moon Phase & Sign: Waning Gibbous in Capricorn / Aquarius

• Astrological Shifts:Jupiter enters Leo.

• Energy of Focus: Bold Transformations. As the Moon transitions into forward-thinking Aquarius, structural limitations yield to strategic pivots. Concurrently, Jupiter’s entry into Leo injects a burst of pride, dramatic flair, and speculative risk appetite into the market. It’s a classic day for flashy, headline-driven sector pumps.

Wednesday, July 1, 2026

• Moon Phase & Sign: Waning Gibbous in Aquarius

• Astrological Shifts: Moon in Aquarius square Uranus.

• Energy of Focus: Systemic Disruptions. Aquarius rules technology, networks, and crowd behavior. Expect volatile, erratic market swings or contrarian price movements. Algorithms and high-frequency trading desks may experience choppy execution. Focus on keeping tight stop-losses and avoid chasing intraday breakouts.

Thursday, July 2, 2026

• Moon Phase & Sign: Waning Gibbous in Pisces

• Astrological Shifts: Moon enters Pisces.

• Energy of Focus: Intuition & Illusion. The shift into emotional, fluid Pisces creates a foggy trading environment. Market sentiment can easily oscillate between extreme optimism and unfounded panic. It is highly advised to step back, read between the lines of economic data releases, and trust what the chart structure tells you over media hype.

Friday, July 3, 2026

• Moon Phase & Sign: Waning Gibbous in Pisces

• Astrological Shifts: Moon in Pisces sextile Venus.

• Energy of Focus: Rebalancing & Release. The trading week wraps up under a highly intuitive, reconciling Pisces sky. With major Nonfarm Payrolls jobs data dropping, the market will look to find an anchor. Use the afternoon to protect your profits, trim exposed positions, and review your weekly execution with complete emotional detachment.

Trader's Note: Remember to blend technical price levels (FVGs, OBs) with cosmic awareness. When structural chart patterns align perfectly with celestial resets, higher probability trade setups are born. Trade safely this week!