SPX Target 6270 - Can It Get There?SPX Targets 6270 – But Can It Get There? | SPX Market Analysis 20 Feb 2025
The SPX is climbing like a caffeinated squirrel... ok, maybe not. It’s more like a slightly confused sloth trying to find second gear!..., while DJX and RUT are stuck in the mud.
The breakout move we’ve been waiting for has arrived, and now the question is—does it have enough fuel to hit 6270, or will it stumble and trigger my hedge at 6100? Bollinger Bands are too tight for reliable setups, so I’m sticking with my 6 money-making patterns until volatility expands.
Let’s break it all down…
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SPX Deeper Dive Analysis:
📈 SPX is Soaring (like a fat pigeon!) – But the Other Indexes Aren’t Joining the Party
While SPX is off making new highs, its friends DJX and RUT seem to have lost their invitations.
DJX is struggling to gain meaningful ground 📉
RUT can’t even catch an uptick, making it the weakest of the bunch ❌
Meanwhile, SPX is leading the way, with a clear breakout in play
A closely following NDX is nipping at SPX's heals
💡 Breakout Confirmed – But Can It Hold?
Scenario #1 from our previous discussions has unfolded—the range has broken out.
Target: 6270 🎯
Hedge trigger: 6100 in case the move fails
This is the good kind of waiting—waiting for profits to materialise
🔄 Why I’m Avoiding Tag ‘n Turn Setups Right Now
Normally, after a breakout, I’d shift back to Tag 'n Turn setups. But there’s a problem…
Bollinger Bandwidth is too tight, making moves too fast
Price is flipping from one side of the bands to the other
A Bollinger Band pinch is forming, indicating more compression before expansion
So, what’s the plan?
✅ I’ll continue to use my 6 money-making patterns
✅ I’ll wait for volatility to expand before returning to Bollinger setups
✅ No forced trades—only high-probability moves
🚀 Final Takeaway?
The breakout is here, the target is set, and the plan is clear. Now, it’s time to let the market do its thing and wait for the move to play out.
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Fun Fact
📢 Did you know? In 2018, Amazon briefly became a $1 trillion company—but it only stayed there for a few hours before dropping back below the threshold.
💡 The Lesson? Even the biggest breakouts can be short-lived—just because a stock (or index) makes a new high doesn’t mean it will stay there forever. Always have a plan—targets and hedge triggers matter.
Spxanalysis
SPX In Limbo - Which way will it break?SPX in Limbo – Will It Break Up or Down? | SPX Market Analysis 19 Feb 2025
Still waiting. Yep, that’s where we are.
The market is about as exciting as watching paint dry, but this is not the time to get impatient. As much as I’d love to jump into a trade just to feel productive, I know better—waiting for the right entry beats chasing the wrong one.
Let’s break it down while we sip on tea and pretend to be Zen masters of market patience.
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SPX Deeper Dive Analysis:
Why Patience is Everything in Trading
There’s an old trading rule that never fails—the market will always move… eventually. But right now, it’s in one of those frustrating, indecisive moods where:
Nothing is confirming (so forcing a trade is a bad idea)
It’s stuck between two key levels (meaning we wait for the breakout or breakdown)
Volume is sluggish (which means false moves are more likely)
Still Watching Two Scenarios
☑ Scenario #1 – The Bullish Breakout Entry
Needs price to confirm above key resistance
No fakeouts—just clean, strong momentum
Only then do I consider a bullish trade
☑ Scenario #2 – The Bearish Reversal Entry
Needs clear rejection at resistance
No weak, choppy movements—just a solid confirmation
Only then do I take a bearish setup
Why Forcing Trades is a Losing Game
Let’s be honest—waiting is boring. But do you know what’s worse? Jumping into a trade just because you're impatient… and then watching it immediately go against you.
Every trader, at some point, has thought:
"It looks like it’s going to move, maybe I should enter early…" (Nope.)
"I don’t want to miss the move…" (You won’t—if you follow the plan.)
"Other traders are jumping in—should I?" (Nope. They’re probably wrong.)
The right trade at the wrong time is still the wrong trade.
What’s Next?
✅ Stay patient—the market will tip its hand soon enough
✅ Wait for clear confirmation—not “I think this might be it” confirmation
✅ Don’t trade out of boredom—trade because the setup is 100% valid
📌 Final Takeaway? Patience = profit. I’m still waiting, tea in hand, and when the market finally makes its move, I’ll be ready.
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Fun Fact
📢 Did you know?
The stock market used to take 5 months to process a trade before the 1970s. Now? It happens in milliseconds—but traders still struggle to wait a few hours for the right setup.
💡 The Lesson?
Patience has always been a trader’s best tool. Some things never change.
Bearish Bias Locked int - Now We wait for the dropBearish Bias Locked In – Now We Wait for the Drop | SPX Market Analysis 11 Feb 2025
The bullish chapter is closed, and our focus is now entirely bearish as we eye a move toward 5980. Futures are already pointing lower, teasing a 20-point drop at the open.
Will we get the full range move, or will SPX keep stalling?
Either way, we’re locked and loaded—now, we wait for the market to tip its hand.
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SPX Deeper Dive Analysis:
📉 Bearish Positions Locked In
SPX is now fully bearish, with bullish trades wrapped up profitably or at break-even following the bear turn signal. This continues to aligns perfectly with our 6 money-making patterns, where we expect a move from range highs to range lows.
📊 Futures Hint at a Lower Open
Overnight futures are already down 20 points, suggesting:
✅ A weaker SPX open
✅ A potential move toward 5980
✅ Confirmation that momentum is shifting lower
🔍 ADD Still Has Room to Fall
Yesterday’s ADD reading hit the upper bullish extreme
That leaves plenty of downside wiggle room
If ADD pushes lower, indexes could also follow through
⏳ For Now, It’s a Waiting Game
The bearish setup is in place
Price action will dictate the next move
A clean range move to 5980 remains the primary target
🚀 Key Takeaway? The market is aligning with expectations, but we still need follow-through to lock in profits.
Fun Fact:
📢 Did you know? In 1987, the Dow dropped 22.6% in a single day—the biggest percentage crash in history. That’s the equivalent of the S&P 500 dropping over 1,000 points today!
💡 The Lesson? Even in structured markets, major moves can happen fast. This is why having a rule-based trading system keeps you ahead of the chaos.
Bullish Continuation for SPX500After Trading in a small consolidation SPX looks to pick back up on its Bullish movement.
- Price has broken and now retesting bearish trendline.
-Price swept the lows of the liquidity and is now retesting the previous resistance of the zone.
The Retest is taking place at the H1 lvl resistance 5,903
- Rejection wick with an inside bar pattern
- There's a weak bullish divergence with the previous low.
-Wait for your entry signal
Rate Cut Disappoints: Stocks and Gold Experience Sharp Declines◉ Abstract
On December 18, 2024, the Federal Reserve lowered interest rates by 0.25%, marking its third cut in a row. However, the Fed also said it might not cut rates much more in the future because it expects the economy to grow stronger and inflation to continue. This cautious message worried investors, causing a sharp drop in the stock market.
The S&P 500 fell about 2.96%, its biggest one-day loss since August. Gold prices also dropped by around 1.6%. The declines in both stocks and gold show that investors are feeling uncertain about the economy and are rethinking their investments based on the Fed's outlook.
Continue reading the full article:
◉ Introduction
On December 18, 2024, both the S&P 500 and gold experienced significant declines, driven primarily by the Federal Reserve's monetary policy decisions and market reactions to economic forecasts.
◉ Federal Reserve's Decision
● The Federal Reserve cut interest rates by 0.25%. This is typically a positive move for equities and commodities like gold.
● However, the Fed signalled a more cautious approach to future rate cuts, expecting stronger economic growth and persistent inflation.
● This cautious outlook raised concerns about the possibility of limited future rate cuts, which spooked investors.
◉ Market Reactions
1. Stock Market Decline
● The S&P 500 fell by approximately 2.96%, marking its largest single-day percentage drop since August 5th.
● The market's reaction reflected a realization that previous optimistic expectations about aggressive rate cuts were misplaced.
2. Gold's Decline
● Gold prices dropped sharply, with an intraday decline of about 1.6%.
● Gold, while a safe-haven asset, is less desirable in a rising rate environment due to increased opportunity costs.
● With the Fed's indication of fewer future rate cuts, investors shifted away from gold.
◉ Overall Market Sentiment
The simultaneous decline in both equities and gold can be attributed to a broader market sentiment that reacted negatively to the Fed's cautious outlook on inflation and growth prospects. This created a risk-off environment where investors were uncertain about both stock valuations and commodity holdings.
S&P 500: Long Trade Targets AheadS&P 500 Trade Details:
The S&P 500 (SPX) on the 15-minute timeframe confirms a bullish breakout according to the Risological trading indicator . Target 1 (TP1) has been successfully hit, with higher targets in sight, as the bullish momentum sustains.
S&P 500 Key Levels:
Entry: 5889.16
Stop Loss (SL): 5872.22
S&P 500 Take Profit Targets:
TP1: 5910.09 ✅
TP2: 5943.96
TP3: 5977.82
TP4: 5998.75
Analysis:
The price action indicates strong upward momentum with consecutive bullish candles. The moving averages align to support the trend. Short-term resistance at higher targets may see consolidation before further upward movement.
Outlook:
With TP1 hit, the trade looks promising to reach TP2 and beyond. Keep monitoring momentum strength and secure profits as each level is achieved. Stay cautious of reversals near key resistance zones.
S&P 500TREND ; The S&P 500 index is currently in an uptrend (Bullish), characterized by higher highs and higher lows since mid-August.
PLAN :
• The support zone around 5,670 acted as a base for a recent upward move.
• The 5,870 level seems to be a key resistance area, and price is currently testing this level.
• If the price breaks above the 5,870 resistance level, my potential target will be around 5,989.15.
• Note that the blue arrow indicates the measured move from the support level at 5,750 up to the resistance at 5,870, which could imply the projected target if this breakout occurs.
SPX Analysis for Today: What’s Next After Yesterday’s Big Drop?Wow! Yesterday was brutal for us all on SPX with a major bearish move that probably left a lot of traders scratching their heads. So, what’s the game plan for today? Let’s break it down.
1. Technical Picture After the Drop
Yesterday’s sell-off took SPX to key levels, and now we’re sitting in some interesting territory. The 5550-5570 range is what we’re watching closely—this could act as support, but if it cracks, we might be heading lower, potentially toward 5500.
On the flip side, if buyers step in, we could see a bounce back toward 5550, which was previous support but might now act as resistance. Traders should keep an eye on whether we break out of that range or get rejected.
2. The News That Matters
A lot of today’s action depends on what’s going on in the broader world. Are we getting any new data on inflation or jobs? If inflation numbers come in hot, the market could get nervous again, anticipating more rate hikes from the Fed. But if the data is lighter, we might get a relief rally after yesterday’s beatdown.
Also, keep an eye on any big headlines—geopolitical tension, tech earnings, or even Fed commentary. All of these could be wildcards that drive sentiment today.
3. Sentiment Check
We’ve got VIX (the fear gauge) pretty elevated right now, so people are still pretty nervous. Watch for whether that calms down today—if it does, we might get some relief in SPX. But if VIX stays high or climbs further, brace yourselves for more volatility.
The Bottom Line:
If today’s news stokes more fear, we could see another push lower. But if the market takes a breather, we might get a short-term bounce. Either way, buckle up—it’s going to be another interesting session!
Why ORB + VWAP is Your New Best Friend in Trading -No, SeriouslySP:SPX Hey there, traders! Deno Trading here;👋 Stop feeling like the market is just a one big, mysterious puzzle, and felt you're missing the piece that makes everything click? Well, strap in, because today we're diving into the magic of the Open Range Breakout (ORB) strategy, sprinkled with a little VWAP (Volume Weighted Average Price) magic dust. Spoiler alert: This combo is like peanut butter and jelly for traders—simple, effective, and deliciously profitable.
The Chart (aka "The Battlefield")
Take a look at the chart above—our trusty S&P 500 on a 15-minute time frame. Notice those blue zones? That’s your ORB, the first 15-30 minutes of market action where all the cool kids (a.k.a. the big institutions) are making their moves. The VWAP line? That’s the referee, keeping everyone honest.
Now, let’s break down why ORB works most of the time (we're not wizards, after all, just really good strategists).
ORB: The Reliable Wingman
Imagine ORB as your super-reliable wingman. It’s there at the start of the trading day, setting the boundaries. If the price breaks out of this range, it’s like getting the go-ahead from your wingman to approach—“Yeah, this one's a keeper.”
In our chart, you can see how every time the price breaks above or below the ORB, it either rockets off to the moon 🌕 or dives deep into the abyss. And just like in life, we always want to go with the flow—if the price breaks out, we’re in for the ride.
VWAP: The Truth Serum
Now, let’s talk VWAP. Think of VWAP as the lie detector of the trading world. When the price is above VWAP, it’s like the market is saying, “I’m feeling good, let’s keep pushing higher.” Below VWAP? Well, it’s like the market’s had a rough night out, and it’s probably heading home early.
In this chart, you’ll notice how the price interacts with VWAP after breaking out of the ORB. When the price stays above VWAP after a breakout, it’s a sign that the bulls are in control—cue the confetti! 🎉 But when it dips below, the bears start growling, and you might want to reconsider your long positions.
Jokes Aside But Hey: ORB Always Works (Except When It Doesn’t)
Let’s be real for a second—ORB mostly works. Kind of like how your Wi-Fi mostly works until you really need it. But when ORB does work, it’s like hitting the jackpot. You’re basically riding the wave that everyone else is trying to catch. And if it doesn’t work? Well, blame it on the market gremlins and move on.
Why and Why again: ORB + VWAP = Trading BFFs
Let me wrap up that if you’re not using ORB with VWAP, you’re missing out on a killer combo. These two are like Batman and Robin, or coffee and donuts—they just make sense together. So, the next time you’re staring at your charts, remember: Trust in the ORB, let VWAP be your guide, and don’t forget to laugh at the market’s little quirks and use the news as your catalysts. Because at the end of the day, trading should be fun, profitable, and maybe just a little bit magical.
Now go forth and conquer those charts, my fellow traders! 🚀 Deno Trading in and out!
SPX Analysis by Deno Trading: Key Levels to Watch ForMy Take:
Looking at the 4-hour chart of the S&P 500 Index, it's clear that we're approaching a critical juncture. The price recently rallied up to the $5,620 - $5,630 resistance zone, which has been a significant barrier in the past. However, this level has proven to be tough for the bulls to break through, and we're now seeing signs of potential exhaustion.
Key Levels:
Resistance:
$5,620 - $5,630: This is the zone where the price is currently facing resistance. It’s a crucial area to watch because a failure to break above it could result in a pullback.
Support:
$5,480 - $5,440: If we see a rejection from the current resistance, I'm expecting the price to retrace towards this support zone. This area has acted as a strong floor in the past, and it's likely where buyers might step in again.
Trendline Support:
The upward trendline, originating from the lows earlier this year, is still intact. This trendline could provide additional support around the $5,280 level if the price breaks through the aforementioned support zone.
Expectations:
Pullback Potential:
Given the current price action, I wouldn’t be surprised to see a pullback from this resistance zone. The first area I'll be watching for potential support is the $5,480 - $5,440 zone. A break below this could bring us down to test the trendline around $5,280.
Continuation of the Uptrend:
If the bulls manage to push through the $5,620 - $5,630 resistance zone, we could see a continuation of the uptrend with a possible target towards $5,700 and beyond. But for now, I’m leaning towards the possibility of a short-term pullback before any further upside.
Final Thoughts:
Right now, I’m closely watching how the price reacts around this resistance zone. A pullback could offer a good buying opportunity, especially if it holds above the $5,480 - $5,440 support area. On the other hand, a strong breakout above $5,630 would signal that the bulls are in control and could push the market to new highs.
This is a video coverage of an analysis that I did yesterday. Stay Positive!
SPx500 FORECASTOverview:
- Current Price: 5,348.8, down by 0.10% (-5.3 points).
- Price Action: The index has been in a general uptrend, with some recent consolidation near the highs.
Key Observations:
1. Trend:
- The overall trend is bullish with higher highs and higher lows.
- There has been significant upward movement in late May, followed by some consolidation and minor pullbacks in early June.
2. Recent Price Movement:
- After reaching a high around 5356.8, the price has pulled back slightly and is currently consolidating just below this level.
- The consolidation near the highs indicates a potential continuation pattern, suggesting that the market might be gathering strength for another move higher.
3. Bearish and Bullish Levels:
- Resistance: The recent high around 5356.8 is acting as a resistance level. A breakout above this level could signal further bullish momentum.
- Support: The previous swing low around 5280.0 can be considered a key support level. If the price breaks below this level, it could indicate a potential trend reversal or a deeper correction.
4. Volume and Volatility:
- The chart does not show volume, but the recent price action suggests that volatility has been relatively low in the consolidation phase. Traders will likely watch for an increase in volume accompanying a breakout or breakdown to confirm the move.
Potential Scenarios:
1. Bullish Scenario:
- If the price breaks above the resistance at 5356.8 with strong momentum and volume, it could continue the uptrend, targeting new highs.
- In this case, the next psychological levels to watch would be around 5400.0 and 5450.0.
2. Bearish Scenario:
- If the price fails to break the resistance and falls below the recent consolidation low around 5280.0, it could signal the start of a correction.
- In this scenario, the next support levels to watch would be around 5220.0 and 5200.0.
3. Sideways Movement:
- The price could continue to consolidate between 5280.0 and 5356.8, indicating indecision in the market.
- Traders might wait for a decisive breakout or breakdown from this range to determine the next significant move.
Conclusion:
The S&P 500 index is currently in a bullish trend with a consolidation phase near recent highs. A breakout above 5356.8 could continue the uptrend, while a breakdown below 5280.0 might lead to a correction. Traders should watch for volume and momentum to confirm any potential moves.
Key Levels:
Bullish Lines: 5377, 5405
Pivot Point: 5328.5
Bearish Line: 5300, 5251
SPX- Should visit 4800 supportSimilar to my analysis on PEPPERSTONE:NAS100 , I also anticipate a decline in the case of $CBOE:SPX.
The index attempted twice to remain above 5000 but failed, and it appears to be forming a double top in that area.
From a technical standpoint, the trend remains strongly bullish.
However, a drop below 4930-4950 would interrupt this aggressive uptrend and expose the 4800 support zone.
Liquidity sources are drying upOn Friday, the S&P 500 in the last part of the session began to fall with some force. And today, we have seen that it has fallen and opened below the support zone at 4.998
The question we have to ask ourselves is: What does this mean? Does it mean it will continue to fall? Has a roof formed?
Last Friday, the options contracts expired. This meant the disappearance of the gamma, and meant the disappearance of a source of liquidity, that is, the money coming from the dealers to cover the positions they had open.
That money has disappeared, therefore, we must consider that a source of liquidity is missing.
Until we see how the gamma is situated, at what levels it stabilizes and what the behavior of investors is in the options market, it is reasonable to think that we will witness temporary fragility at least during the first days of this week.
And what does the chart tell us?
This morning it has pierced the support in the 4.998 zone. This is a symptom of weakness, of short-term fragility.
What 2 options are there?
If it now rebounds and is not able to exceed the 5.000 level, it will most likely deploy a new downward leg.
And if it rebounds, and moves sideways above 5.000, it is most likely that the price will try to return to the high zone.
Now, 5.050 is a wall. It was already before the expiration of the options contracts, and it is even more so now. Therefore, maximum rise is in the 5.050 zone.
If it fails to break above 5.000, we have support between 4.941 and 4.922
As long as the S&P 500 remains above that level, I will maintain a bullish bias.
#SPX SPX Jan 24th after the close updateSPX will be the first update from TheTradersRoom.
SPX has hit its desired target we have called yesterday - 4904.50-4909.50
So I call it a perfect hit. Today's reversal came on a heavy selling, also got a black reversal daily closing SPX candle, which if not broken 1c above should mark at least a temporary top.
If the price did find its top, then tomorrow's open should be a gap down below 4864 and my min target will be 4840-4835 SPX
We have a Panic cycle day on the 26th and Im looking for a first important low on Feb 1st
Happy to be back!