SPY Long setup – Update

Structure shifted bullish after a clean ChoCH + BOS on the 23rd. That move off 638 into 666 was textbook — Wyckoff accumulation into a sign of strength. Now we’re in the back-up phase, consolidating around 652-653

Should we enter now? Not yet. Price is sitting right at the OTE long entry zone (652-654), which is promising, but I want to see how it reacts here first. A clean sweep of the lows below 651 followed by a strong reclaim would be ideal confirmation

What I’m watching:

• Demand zone holding at 652-654 (OTE area) — this is the make-or-break level
• A liquidity grab below 651 before reversal = highest conviction entry
• Bullish engulfing or ChoCH on the 5m/1m inside this zone for trigger
• Volume pickup on the bounce — don’t want a weak grind up

If it triggers:

• TP1: 666 (local high / first resistance)
• TP2: 671 (5h supply zone — expect reaction here)
• TP3: 676 (extreme supply / full extension)
• SL: below 647

If it fails:

• Clean break below 647 invalidates the whole setup
• Would re-evaluate for longs only near 638-640 demand

Bottom line: The setup is there, the structure supports longs, confluence is high (8/10). But patience > prediction. Let price come to you at the OTE zone and confirm before pulling the trigger. No need to chase — if it runs without us, there’ll be another setup