The premarket brief

No hype, no pumps, just process.

Defensive rotation underway with selling in growth and cyclicals. Energy (+1.27%) leads, Consumer Discretionary (-1.72%) lags.

SPY $761.78 (-0.69%) — price is sitting just below the 20-day.

Resistance: $779.37 Support: $759.48 20-Day SMA: $769.21 RSI (14): 38.4

Does SPY reclaim the 20-day at $769.21 or lose $759.48? Long, short, or flat — what level matters most and what confirms your bias?

Not financial advice. Trade your own plan.