Morning and evening structure reads for SPY on April 16, 2026.
SPY tagged a new 11-month high at $700.28 Wednesday and closed $699.94 — but buyers couldn't hold the round number. Five green sessions, volume fading each day, and the Fed's own report says companies are in wait-and-see mode on Iran. The question heading into the open is whether buyers clear $700 decisively or $679 gives.
