Cross 7000

Screening Filters

1. Price: 650–750

   • Purpose: Focus on securities trading in the same price zone as SPY around a potential $700 level.
   • Rationale:
     • Your question is about the impact if SPY crosses a very high price threshold (“$7000,” which is almost certainly interpreted as ~$700 given current levels).
     • A 650–750 band brackets the likely range around such a breakout (e.g., 650–700 before the move, 700–750 after).
     • This excludes low‑priced or mid‑priced stocks that don’t behave the same way in terms of liquidity, institutional participation, and psychological round‑number effects.

2. RSI Category: Moderate, Overbought

   • Purpose: Capture SPY (and similar instruments) when momentum is strong and potentially stretched, as it approaches or breaks a major level.
   • Rationale:
     • A move through a big round number like $700 typically happens when the market is in a strong uptrend; RSI will usually be in the “moderate to overbought” zone.
     • Including moderate ensures we see names that are trending strongly but not yet at extreme levels.
     • Including overbought captures the condition where SPY is making or just made a significant run into a new high, which is exactly when a crossing like 700 is most likely and most impactful (euphoria, FOMO, risk of pullback, etc.).

3. Moving Average Relationship: PriceAboveMA200

   • Purpose: Ensure the securities are in a clear long‑term uptrend.
   • Rationale:
     • For SPY to “cross $700” in a meaningful way, it almost certainly has to be above its 200‑day moving average—this is a classic definition of a primary uptrend.
     • Being above the 200‑day MA means the move isn’t a random spike from a depressed level, but part of a broader bullish phase, which is what gives such a milestone broader market significance (wealth effects, sentiment, asset-allocation shifts).

4. New High/Low: 52w_High, 20_High

   • Purpose: Focus on securities making fresh highs, similar to SPY pressing into record territory.
   • Rationale:
     • Crossing a level like $700 is usually associated with or just above a 52‑week high or shorter‑term 20‑day high.
     • These filters ensure we’re looking at instruments in “breakout” territory, which is what makes the crossing important from a technical and psychological standpoint (confirmation of trend, breakout buying, short covering).

5. Names: SPY, SPDR S&P 500 ETF Trust

   • Purpose: Explicitly include the specific ETF you are asking about.
   • Rationale:
     • Your question is directly about SPY, so the screener pins down that exact ticker and its formal name.
     • This avoids drifting into unrelated tickers and keeps any comparative analysis focused on SPY-like behavior (or on SPY itself if the universe is constrained).

Why Results Match Your Question

• The filters anchor on SPY’s current price region (650–750), which is the realistic neighborhood for a “700” milestone and the context for discussing its significance.
• The RSI and new‑high filters ensure we are examining SPY (and possibly similar instruments) when it is in a powerful uptrend, at or near new highs—exactly when crossing a big round level like $700 is most meaningful.
• The PriceAboveMA200 filter guarantees that any such crossing occurs within a strong, established bull trend, which is key to assessing macro impact and sentiment implications.
• Explicitly filtering on SPY / SPDR S&P 500 ETF Trust ties the entire screen back to the specific instrument at the heart of your question.