SPY Hits New YTD Low, Down 11.5% From Prior Extreme

SPY fell to a new YTD low of 637.64, breaking 11.5% below the prior extreme of 720.56. The move extends the downtrend, though a reclaim above the 30‑day level at 738.88 would signal a shift. Traders watch for continuation or a bounce back toward that level.

• Price dropped from 720.56 to 637.64, establishing a new YTD low.
• The decline exceeds 11.5%, breaking below the prior extreme and the 30‑day resistance.
• A reclaim above 738.88 would shift bias, while further downside suggests continuation.