S&P 500 IndexUpdated

$SPX Analysis, Key Levels & Targets for Day Traders for Feb 4 25

Look at the difference here in SPX compared to SPY how the 30 minute 200 moving average was a resistance yesterday. So when in doubt choose SPX because SPY trades off of SPX so right now 30 minute two hundred moving average is right above us . just underneath that down gap and that 35 EMA is coming down and if it crosses underneath then we’ve gone on this timeframe it is possible today, look to the price underneath that we have the flat 50 day and one hour two hundred MAs so let’s see what happens. I have iron butterflies and iron condors here so the flat the better but I also have orders open if we do go to the edges.
Trade closed: target reached
Here we got back above the 30min 200MA, filled the bear gap and just rode the 30min 200MA the whole day. Look at that 35EMA coming all the way down to the 30min 200MA.
I had Iron Butterfly and Iron condors here from the night before and my position closed up 25.61%

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