---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000603472.md"
description: "$SPY $712 is CLEAR COVID CHANNEL RESISTANCE.CAN WE GO HIGHER - YESWITH FOMC DRIFT......This is the HOLD in place Drift Right into FOMC.So Drift Outward while sustaining $710 ish.That Allows Price to Go Higher UP The Covid Channel without Resistance, which $712 Clearly is.$VIX is 20 to 18 - If Market Makers SUPPRESS VOL Like they did NOV to DEC we can just Drift to the Right.Obviously WAR NEWS HEADLINES IS DRIVING MARKET ALGOS SO IT'S A COIN FLIP HOW WE GO FOR THE NEXT FEW DAYS UNTIL FOMC/EARNINGS DECIDE THE PATH FORWARD.Source: Jim"
datetime: "2026-04-23T15:27:42.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000603472.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000603472.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000603472.md)
author: "[Jim](https://longbridge.com/en/profiles/27423962.md)"
generator: "portal-rs"
---

# $SPY $712 is CLEAR COVID CHANNEL RESISTANCE.CAN WE…


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**