SPY heads into today's session with the broader market remaining selective rather than outright bullish. While recent index weakness has attracted attention, internal market structure continues to look more resilient than the headlines suggest.

The NeuralMarkets dashboard still favours buying pullbacks, with 29 instruments aligned bullish versus 12 aligned bearish. Leadership remains concentrated in Industrials, Materials, Healthcare and Technology, while Energy and Utilities continue to lag. Overall sentiment remains Neutral, suggesting selective opportunities rather than broad market participation.

Premarket trading has SPY hovering around 771.4, placing price just below the NeuralMarkets Upper Rail at 771.63. That makes the opening hour particularly important.

If buyers establish acceptance above 771.63, the next upside objectives are 772.64 and 775.48, while 779.33 remains the extended upside target.

If SPY fails to reclaim 771.63, I expect price to rotate back toward the 768.29–768.79 Equilibrium zone. Losing that area would shift attention toward 764.94, followed by 762.10 if selling pressure strengthens.

My playbook for today is straightforward: buy pullbacks after confirmation above the Upper Rail rather than chase the open. If the market cannot establish acceptance above 771.63, I prefer patience until price either reclaims that level or returns to Equilibrium.

Market Internals:

Market Stance: Selective
Tactical Playbook: Buy Pullbacks
Sentiment: Neutral
Breadth: 29 Aligned Bullish | 12 Aligned Bearish
Leadership: Industrials, Materials, Healthcare, Technology
Weakness: Energy, Utilities

NeuralMarkets Decision Map
Resistance: 772.64 | 775.48 | 779.33
Decision Zone: 771.63 | 768.29–768.79
Support: 764.94 | 762.10 | 759.26