US Market — SPY & Nasdaq Technical Outlook

September 29, 2026

$SPY — Daily Technical Setup

SPY is showing a small pre-market pullback while trading close to resistance. MFI remains negative but is starting to turn higher, while flow is still outflow.

• Support: $758–763
• Resistance: $770–775
• 50D EMA: ~$761
• MFI: Negative, improving
• Flow: Outflow

I would remain selective here and focus on adding only long-term names I’m comfortable holding through a deeper correction.

HOLD / SELECTIVE ACCUMULATION ON SUPPORT.

$QQQ — Daily Technical Setup

QQQ remains in a daily uptrend, despite the ~0.5% pre-market pullback. Price is still close to resistance, while MFI is around neutral and flow remains positive with buying volume present.

• Support: $724–731
• Major Support: ~$735
• Resistance: $742–749
• 20D EMA: ~$725
• MFI: Neutral / Slightly Negative
• Flow: Inflow

If the correction continues, ~$735 would be the first level I would watch, followed by the broader support zone.

HOLD — BUY ON SUPPORT.