SPY Intraday Breakdown | Will the Fill Zone Hold?

May 21

🕰️ 15-Min Chart | May 21, 2025
🏢 Posted by: Wavervanir_International_LLC

A textbook ascending wedge breakdown has triggered intraday, breaching dynamic support right at the edge of the VWAP envelope. This breakdown aligns with a higher time-frame rejection seen near 598.22 (0.886 retrace zone).

🔍 Intraday Observations:
Structure Break: Rising wedge support snapped → suggests momentum shift short-term.

Next Liquidity Pools:

📍 567.51 – Prior HVN zone and VWAP mid-band

📍 559.30 – Golden pocket + historical positioning from April

Volume Spike: Bearish confirmation on rising sell-side volume.

🧠 Strategic Context:
Macro Tone: Market breathes as participants await key inflation data + Fed speak. Liquidity is not risk-on.

Risk Flow Watch: Options OI building around 560/570 strikes — could magnetize toward there if flow accelerates.

🛡️ Tactical Setup:
Short-Term Bias: Bearish to neutral into 567.5–559.3 zone

Mean Reversion Setup: Watch VWAP / 3-day anchored VWAP cluster around 559 as a potential reload zone

Invalidation: Quick reclaim and hold above 590 with strong volume flips intraday tone bullish again.

📌 Message to Traders:
Major buyers may be lurking below. The market is deciding whether to reward trapped longs or give value buyers their fill at better risk-adjusted zones. We remain liquidity-aware and flexible.

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🔗 #SPY #IntradayTrading #VolumeProfile #Wavervanir #LiquidityMapping #VWAP #Orderflow #SMC

May 21

Note

We could see an island reversal. Let's see what the market will give.