SPX Targets Being Hit - More Downside Ahead?SPX & NDX Targets Hit – But More Downside Ahead? | SPX Market Analysis 26 Feb 2025
Is the bear move done, or do we have more downside left? Honestly, who cares when you have a solid process?
The bear swing is rolling along nicely, with the first SPX and NDX tranches hitting profit targets.
For now, price action is still making lower highs and lower lows, so I’m staying in the bear camp a little longer. But before I think about flipping to bullish trades, I want to see price climb above 5970 and start forming a V-pattern back into the prior range.
That said, new trades will be on pause for a few days because my lovely wife has surprised me with a trip to The Lakes!
A bit of fresh air, hiking, and spotty internet means I’ll be taking a conservative approach for the rest of the week—but that doesn’t mean I won’t be keeping an eye on things.
Let’s break it down.
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Deeper Dive Analysis:
The bear swing remains in play, and first targets have been cashed out on both SPX and NDX income swings. Right now, price action continues to show lower highs and lower lows, which keeps me leaning bearish.
📌 Key Market Levels:
✅ SPX breakout target: 5820 – still room for downside
✅ NDX has surpassed multiple breakout targets we discussed in our Fast Forward Mentoring
✅ VIX remains under 20, suggesting no major crash yet, but continued selling is possible
For me to flip bullish, I’d want to see:
📌 SPX reclaiming 5970+
📌 A V-pattern developing back into the prior range
📌 Confirmation that downside momentum is slowing
Another reason I’m not rushing into new positions—aside from waiting for confirmation—is that I’ll be in and out of internet connection this week thanks to my wife’s surprise hiking trip to The Lakes! That means I’ll be keeping a more conservative approach, locking in profits where I can and not forcing any trades while I’m away.
For now, the plan stays the same: ride the bear swing, cash out at targets, and wait for the next confirmed move before flipping bullish.
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Fun Fact
📢 Did you know? In 2008, Volkswagen briefly became the most valuable company in the world when a short squeeze sent its stock price soaring 400% in just two days—forcing hedge funds to take billions in losses.
💡 The Lesson? Just because a stock (or market) is moving down doesn’t mean it won’t snap violently back up. That’s why having a trade plan is critical—so you’re never caught off guard.
