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![alshfaw Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::777152191425642496.png) Astro Zan [@alshfaw](/creator/twitter/alshfaw) on x 10.5K followers
Created: 2025-07-17 13:00:37 UTC

$SPY AM Update. 
1) SPY is testing the resistance line from BELOW, X times so far this AM, going for the 4th after better than expected data. It is hugging the blue staircase bottom support line like a snake.
2) It is clear this admin's BLS will not release any unfavorable data. 
3) The talk about firing Powell intensifies, Warsh on CNBC just before the data. This talk effects interest rates in a way Trump wants. 
4) Europe and Japan green, expect $QQQ green.
5) More data at 10am EST
6) If SPY jumps above the blue line, the bearish breakdown is challenged. The setup I outlined is also challenged. 

$VIX

![](https://pbs.twimg.com/media/GwD6_FZXsAAjpE1.jpg)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945831002829390232/c:line.svg)

**Related Topics**
[rates](/topic/rates)
[powell](/topic/powell)
[bls](/topic/bls)
[snake](/topic/snake)
[spy](/topic/spy)
[astro](/topic/astro)
[$spy](/topic/$spy)

[Post Link](https://x.com/alshfaw/status/1945831002829390232)