Bulls Hang Tough - US Data and Holiday Trading Make or BreakThanksgiving week delivered a nice rally to help November finish higher than October
It's now December and we have a myriad of US News hitting the headlines before Christmas and New Year's bring us into 2026
ADP Non-Farm
US PMI
US Core PCE
Non-Farm
CPI / PPI
FOMC (December Rate Cut Likely)
Price action is truly key. November ended with a nice stable rally with broad market pumps encouraging an equal weight comeback trade for now (nearly 60% of S&P stocks > 50 period moving average, and 60% of S&P stocks > 200 period moving average)
If the markets avoid a major slip or disruption to end the year, animal spirits may remain optimistic enough to keep the party going in 2026 and continue to climb the wall of worry as sentiment remains pessimistic
US Market Key Levels
1) Oct 10 and Nov 20 candle lows
2) 200 period moving average
3) February 2025 all-time highs area
Sector rotation is pretty clear. Broader market rotation is pretty clear, but overall the markets need to continue to show stable and steady earnings growth and trends and keep the AI narrative glowing with a positive outlook
S&P 500 Index
No trades
Trade ideas
Revisiting Market Views: Lessons from the S&PRecently, our view was that the S&P would remain supported by the 55-day moving average. Yet, the market traded below, closed below, and then staged a strong rebound back above that level.
Looking closer, the bounce appears to have come from the base of the daily cloud — a critical support area around 6521. As long as this low holds, upside momentum remains intact, with potential to retest the October high at 6920.
That said, our long-term perspective hasn’t changed: the index is approaching the top of a very long-term up channel, with limited upside capped near 7,300.
Where does this leave us?
• Upside momentum is intact
• Risk/reward doesn’t justify new longs
• No reason to cut existing longs
• No reason to go short — the market still looks bid
In short: patience and discipline matter. Sometimes the best trade is no trade. Not trading advice, personal view and meant for education only.
End of the Fed’s QT: What Impact on the S&P 500?The U.S. Federal Reserve (Fed) is expected to end its quantitative tightening (QT) program on December 1, 2025. This step marks the halt of the reduction of its balance sheet, after several years devoted to withdrawing liquidity from the financial system to fight post-COVID inflation. Historically, the end of a QT cycle has often coincided with an improvement in the S&P 500’s trend. However, while this development is generally a positive signal, it deserves a nuanced analysis in a context where the index is already trading at historically high valuation levels.
1) A look at history: a frequently favorable turning point
In previous episodes, notably in 2012 and 2019, the end of QT coincided with a stabilization, then a gradual acceleration of equity markets. The economic logic is intuitive: when the Fed stops reducing liquidity, pressure on financial conditions eases. Investors then anticipate a more predictable monetary environment, sometimes heralding a loosening cycle. This improvement in sentiment has often supported U.S. indices in the following months.
This is not a mechanical link, but an observed trend: the end of QT acts as a relief, removing a monetary tightening factor that weighed on valuation multiples.
2) Why remain cautious despite this signal?
The current context differs in several ways. First, by the end of 2025, the S&P 500 is showing valuation levels close to its records, driven by a handful of large technology stocks. This concentration means that part of the potential future upside is already priced in. Second, even if the Fed ends QT, this does not guarantee a rapid rate cut or a swift return to a highly accommodative monetary policy. The central bank may prefer to maintain a restrictive stance as long as inflation does not durably converge toward its target.
Finally, investors will have to deal with persistent uncertainties: slowing global growth, pressured margins in certain sectors, and geopolitical tensions that may create volatility.
3) Why keep an optimistic bias?
Despite these precautions, several factors justify measured optimism. Ending QT removes a significant headwind for equities. If inflation continues to normalize, the Fed will have greater flexibility, which could improve economic prospects and support corporate profits. In short, the end of QT is not a guarantee, but it represents a positive catalyst in a context where the risk of excessive market valuation is present.
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End of bull cycle targeting 7440 then bear market target 3400 In my view we're still in the bullish cycle started in 2020, my final target is 7440 area.
From that area I expect the beginning of the market bearish cycle.
On the monthly chart we can see an H&S pattern forming and a neckline supporting the bullish trend from 2020, I expect the break of the trendline in the next 3 months my target is 3420 area next autumn.
SPX500 Bullish Plan in Motion with SMA + Kijun Confirmation🚀 US500/SPX500 INDEX MARKET SWING TRADE MASTERCLASS 🎯
📊 ASSET: S&P 500 Index (US500 | SPX500)
Timeframe: 4H-Daily | Strategy Type: Swing Trade | Market Context: Bullish Pullback Confirmation
🎲 TRADE SETUP: THE "THIEF PROTOCOL" STRATEGY ⚡
✅ TECHNICAL CONFIRMATION
🔹 Primary Signal: Simple Moving Average (SMA) Pullback Retest
🔹 Secondary Confirmation: Kijun-sen (Ichimoku MA) Retest
🔹 Market Structure: Higher Lows Formation + Bullish Consolidation
🔹 Bias: LONG with Layered Entry Methodology
💰 ENTRY STRATEGY: MULTI-LAYER LIMIT ORDER APPROACH
The "Thief Layering Method" - Stack multiple buy limit orders for optimal risk distribution:
🟢 Layer 1 Entry: $6,750.00 - Initial Probe Entry (30% Position Allocation)
🟢 Layer 2 Entry: $6,800.00 - Aggressive Add (35% Position Allocation)
🟢 Layer 3 Entry: $6,850.00 - Final Confirmation Entry (35% Position Allocation)
Entry Flexibility: Adjust layers based on your account size & risk tolerance. Spread entries across pullback zones for superior fill pricing.
🛑 STOP LOSS MANAGEMENT
Recommended SL Level: $6,720.00 - Placed below the support trendline + SMA confluence
⚠️ IMPORTANT DISCLAIMER: Dear Traders! This is YOUR trading journey. We strongly recommend adjusting stop loss based on YOUR risk management rules. Account sizing is crucial - never risk more than 2-3% per trade. Your SL placement = YOUR decision, YOUR responsibility. Use proper position sizing ALWAYS.
🎯 PROFIT TARGET ZONES
Primary Target: $7,050.00 ⚡
📊 Technical Reasoning: This level represents strong resistance confluence zone, historical supply level in overbought territory, and creates a risk/reward sweet spot of 1:3+ return potential. Alert: Trap zone exists here - smart money reversal area confirmed.
Exit Strategy Recommendation: Close 50% of position at $7,000-7,020 to lock partial profits. Hold remaining 50% with trailing stop or until $7,050 for maximum upside capture. Lock profits incrementally to secure gains.
⚠️ CRITICAL REMINDER: Your profit target = YOUR choice! This TP represents technical confluence, but market conditions evolve. Trade YOUR plan, manage YOUR risk, protect YOUR capital.
🌍 CORRELATED PAIRS TO WATCH 🔗
📈 PRIMARY CORRELATIONS
1️⃣ QQQ (Nasdaq-100 ETF) - 0.99 Correlation 💻
This is the tech-heavy composition that typically leads SPX rallies. Current focus remains on AI/Mag7 momentum and overall growth stock sentiment. Key watch: QQQ strength = SPX bullish confirmation signal. When QQQ breaks out, SPX follows closely.
2️⃣ IWM (Russell 2000 ETF) - 0.95 Correlation 📍
Small-cap composition with high tariff sensitivity. Current status shows small-cap underperformance zones vulnerable to trade policy shifts. Trading tip: IWM weakness = Sector rotation risk, so watch for divergence from SPX strength.
3️⃣ DXY (US Dollar Index) - Inverse/Mixed Correlation 💵
Recent positive correlation emerging in 2025 market dynamics. Current dynamic shows dollar strength now sometimes supports equities due to policy-driven factors. Risk factor alert: DXY spike above 108 = potential SPX headwind to monitor.
📊 SECONDARY WATCH PAIRS
SPY (S&P 500 ETF) - Mirror of SPX, use for volume confirmation and institutional positioning.
DIA (Dow Jones ETF) - Large-cap value barometer, less tech-sensitive than QQQ, shows rotation signals.
VIX (Volatility Index) - Above 25 = caution mode, below 15 = complacency warning.
📱 KEY CORRELATION INSIGHTS FOR THIS TRADE
🔴 RED FLAGS - Watch These Closely:
VIX spiking above 30 signals potential fear spike. DXY breaking above 108 creates dollar strength pressure. QQQ failing to confirm breakout indicates tech weakness divergence. IWM hitting new lows signals broad market weakness.
🟢 GREEN LIGHTS - Trade Confirmation:
QQQ and SPX moving in sync above SMA is bullish. IWM holding key support levels confirms breadth. DXY consolidating means no headwind pressure building. VIX below 20 indicates low fear environment.
🎯 TRADE PSYCHOLOGY & EXECUTION TIPS
✅ Pre-Trade Checklist:
Confirm SMA pullback on 4H chart before entry. Verify Kijun retest on Ichimoku indicator. Check QQQ alignment for correlation confirmation. Monitor DXY to avoid strong dollar days. Set alerts at all 3 entry layers for execution readiness.
✅ During Trade Management:
Take partial profit at 50% move up to secure gains. Move SL to breakeven after hitting first target. Trail stop every 50-pip move in your favor. Document your execution for journal review and performance tracking.
🔥 TRADE EXECUTION SUMMARY
Signal Type: Bullish Pullback Retest ✅ Confirmed
Entry Method: 3-Layer Limit Orders 🎯 Optimized for Best Fill Pricing
SL Level: $6,720.00 🛑 Defined and Placed Below Support
TP Level: $7,050.00 🎯 Defined at Resistance Confluence
Risk/Reward Ratio: 1:3+ 💰 Favorable Trade Structure
Best Tradeable Window: Next 48-72 Hours ⏰ Active Setup Zone
Good Luck, Traders! 🚀 Trade Smart. Trade Safe. Trade Often.
Remember: Your SL = Your Protection | Your TP = Your Goal | Your Risk = Your Responsibility
#SPX500 #SwingTrade #TechnicalAnalysis #TradingIdea #S&P500 #MarketAnalysis #TradeSetup #RiskManagement
''iPhone vs Laptop Trading: The Truth Nobody Talks About''Alright, let’s get straight to it. I’ve been watching traders debate this forever — phone or laptop. Here’s my breakdown, from someone who actually trades multi-timeframe SMC setups, tracks liquidity, and executes in real-time.
⸻
1️⃣ Execution and Speed
• On a laptop, you’ve got full visibility: multiple monitors, larger charts, higher timeframe context, all indicators and order blocks at a glance.
• On iPhone? Limited view, smaller screen, harder to see context, and micro adjustments take longer.
• The reality: Speed matters. A 1-minute confirmation or lower-high break can happen fast. If you’re on a phone, you risk missing that critical move or entering late.
⸻
2️⃣ Multi-Timeframe Analysis
• Edge comes from analyzing multiple chart intervals to see the bigger picture and confirm setups.
• Laptop: Side-by-side charts, smooth workflow, all intervals visible at once.
• On the phone, switching between timeframes is clunky, slow, and mentally taxing. You’ll start guessing instead of confirming.
• Key takeaway: Serious traders of any style know: a laptop gives you the clarity, control, and precision that’s hard to achieve on a phone.
⸻
3️⃣ Precision of Orders
• Laptop: You can place precise limit entries, manage stop losses, and see where liquidity clusters are.
• Phone: Accidental taps, misclicks, or lag can cost you a trade. Especially when dealing with small spreads, tight stop losses, or micro entries.
• Lesson: Mistakes on micro orders aren’t small. They erode both capital and confidence.
⸻
4️⃣ Situational Use
• Phone trading isn’t useless. It’s fine for monitoring, tracking TPs, or checking alerts when you’re away from your desk.
• But if you’re entering, executing, or actively managing high-leverage trades — laptop wins hands down.
⸻
5️⃣ Psychology and Focus
• Laptop setups create a trading environment: focus, fewer distractions, full screen, proper charts.
• Phone trading often comes with notifications, background apps, and temptation to “glance and guess.”
• Your mindset matters as much as your setups. Treat trading like a full-time process, not a side hobby.
⸻
6️⃣ My Personal Take
• I’ve tested both. I’ll check charts on my phone sometimes — especially during quick monitoring sessions.
• But every serious execution, every multi-timeframe setup, every liquidity play — it happens on my laptop. That’s where precision, patience, and professionalism live.
⸻
🔥 Key Lessons
1. Phone = monitoring & alerts only.
2. Laptop = execution & analysis.
3. Edge isn’t just charts — it’s control, speed, and clarity.
4. You can’t shortcut this without costing yourself trades or your confidence.
⸻
💡 Visual Reference:
I posted screenshots to show the difference between iPhone and laptop trading setups. Laptop view is on the right side, showing full charts and multi-interval visibility. iPhone view is on the left side, compact and limited. This makes it clear why execution and workflow are easier on a laptop.
Bottom line: Don’t kid yourself. Your tools matter, but more importantly, how you use them separates amateurs from pros.
I’m curious — who’s still trying to trade full-time on a phone? Let’s see if they’re really ready to compete.
SPX500: Bullish Push to 6927?As the previous analysis worked exactly as predicted, FX:SPX500 is eyeing a bullish breakout on the 4-hour chart , with price rebounding from a key support zone near recent lows , converging with potential entry area that could ignite upside momentum if buyers defend against dips. This setup suggests a continuation opportunity amid the ongoing uptrend, targeting higher resistance levels with favorable risk-reward.🔥
Entry between 6700–6720 for a long position. Targets at 6880 (first), 6927 (second). Set a stop loss at a close below 6643 to limit exposure, yielding a risk-reward ratio of approximately 1:2 to first target and up to 1:2.5 overall. Monitor for confirmation via a bullish candle close above entry with rising volume, leveraging the index's resilience near ATH.🌟
Fundamentally , the S&P 500 is pushing toward new highs in November 2025, driven by bets on Fed rate cuts and strong global demand, though underlying issues like market concentration (top 10 companies over 40% of the index) and recent weekly dips (~2%) highlight volatility. Positive factors include liquidity, consumer strength, and earnings growth, with forecasts eyeing upside to 7000 amid election stability and AI investments. 💡
📝 Trade Setup
🎯 Entry (Long):
6700 – 6720
🎯 Targets:
• TP1: 6880
• TP2: 6927
❌ Stop Loss:
• Any 4H candle close below 6643
⚖️ Risk-to-Reward:
• ~1:2 to the first target
• Up to 1:2.5 if full target is hit
👇 Share your thoughts below! 👇
$SPX 1H – Bear Flag at Supply | Bearish- STRICT DAY TRADE IDEASTRICT DAY TRADE IDEA (Applies only for hourly chart for short term day trades within 1 to 2 days)
SP:SPX is sitting inside a rising 1H channel that continues to behave more like a bear flag than a bullish breakout setup. Price tapped only the bottom edge of the 10/29 ATH supply zone—not the core of the zone—showing early seller absorption.
We also tagged the mid-channel, which normally signals momentum weakening rather than expansion.
Check Bear-flag thesis from Nov 17 and Nov 21 and Dec 2
As long as SPX remains inside this structure, the bias stays bearish for day trading.
Break of 6,840 opens the door to a channel breakdown, with intraday targets at 6,810 → 6,780 → 6,740.
Upside invalidation is clean: bulls must break above 6,885–6,900 with strength and reclaim the ATH zone from inside, not just touch it.
Until that happens, rallies into channel mid or top = short opportunities.
Bearish Bias | Watch 6,840 | Bear Flag Until Proven Otherwise
#SPX #S&P500 SP:SPX SP:SPX CBOE:SPX #SP500 #BearFlag
SPX500: Break Above 6815 Could Accelerate GainsOANDA:SPX500USD |Overview
U.S. futures pointed lower on Monday as investors turned cautious following a soft, holiday-thinned trading week.
Despite Wall Street posting its strongest weekly performance since June, the Nasdaq ended November with its first monthly decline since March, as concerns grew over overstretched AI and tech valuations.
Markets are now awaiting remarks from Fed Chair Powell, along with early holiday-spending data, private payrolls, and this week’s key PCE inflation report, which may guide expectations ahead of next week’s policy meeting.
Technical Outlook
SPX500 maintains a bullish momentum while trading above 6771, although a correction from 6815 back toward 6771 is possible before attempting another upward move.
Bullish Scenario:
As long as price holds above 6771, the bullish trend remains intact.
A 4H close above 6815 will confirm continuation toward 6844 and 6888, with potential extension to 6918.
Bearish Scenario:
A 1H close below 6771 will signal the start of a bearish move toward 6713, and possibly 6670.
Pivot Line: 6815
Support: 6771 · 6713 · 6670
Resistance: 6844 · 6888 · 6918
US 500 – Signs of Fatigue After a Strong Recovery?It’s been an edgy start to December for the US 500 index, a month which is historically one of the strongest. Part of the reason could be that the last 7 trading days of November saw a 5.3% rally from lows of 6508 (Nov 21st) to 6852 (Nov 28th) as markets reacted positively to more dovish commentary from Federal Reserve policymakers, which revived the possibility of a final Fed rate cut at their last meeting of the year on December 10th.
Now Fed speakers are in the blackout period before that meeting where they are banned from publicly discussing current policy and it suddenly feels like a long time to wait to hear the outcome of their deliberations, especially with the US 500 sitting a mere 2% from its record highs of 6925 set on October 30th.
Traders also must contend with a busy data schedule across this week, and it didn’t get off to the best start with yesterday’s US ISM Manufacturing PMI survey showing activity falling further into contraction territory (below 50), with sagging order books and higher prices being paid.
However, while manufacturing activity is important to the US economy, by far the biggest driver is services and the ISM Services PMI survey is due for release tomorrow at 1500 GMT. Last month’s reading sat comfortably in expansion territory (above 50) and US 500 traders will be looking to judge this new release against the previous month. Any disappointment could weigh on sentiment and vice versa.
The available updates on the US labour market could also be important as they could impact the Fed rate decision next week. The ADP monthly private sector payrolls is released tomorrow at 1315 GMT, with the Challenger job cuts due Thursday at 1230 GMT and weekly jobless claims due at 1330 GMT. The shock weaker Challenger job cuts reading last month initiated some extra US 500 volatility and it will be interesting to see if this happens again.
The technical backdrop is also potentially crucial going into such a critical period and the current assessment can be seen below.
Technical Update: Signs of Fatigue After Strong Recovery?
The US 500 index has staged an impressive recovery of more than 5.3% since the November 21st low, as recent price weakness once again found dip buyers. This pattern has been a consistent feature in US equities for some time. However, as the chart below highlights, the latest upside move in price has yet to achieve a close above the potential resistance defined by the October and November highs.
This may be seen by some as the latest buying failing to breach a previous price peak, thereby disrupting the pattern of higher highs and higher lows. In other words, a possible sign of slowing upside price momentum.
Of course, this does not necessarily signal the end of recent price strength. However, it may remain prudent to monitor both support and resistance levels closely, as doing so may help clarify whether the latest activity reflects a slowing of upside momentum that could lead to renewed weakness, or simply a pause in the advance before fresh price strength emerges.
Potential Resistance Levels:
As strong as the rally from the November 21st low appears, it currently remains capped below 6880, the November 12th session high. As the chart below highlights, this 6880 level represents the last recovery high and failure point, where selling pressure was sufficient to reverse the price advance back to the downside. Traders are therefore possibly viewing 6880 as the first potential resistance level to the current rally.
While not a guarantee of continued upside, closing breaks above 6880 may be interpreted as a sign of price strength resuming. If this proves to be the case, closes above 6880 could pave the way for attempts to challenge 6925, the October 30th session high, with possibilities for further gains should that level also give way on a closing basis.
Potential Support Levels:
If resistance at 6680 continues to hold, traders may begin to suspect that upside price momentum is slowing, which in turn could see renewed selling pressure. At the same time, attention may shift to 6751 as the first support. This level is equal to the Bollinger mid‑average.
While much will depend on future market sentiment and price trends, closing breaks below 6751 could open scope for further declines. Such moves, if seen, may lead to tests of 6722, the 38.2% Fibonacci retracement of the latest advance, and potentially even extend toward 6681, the deeper 50% retracement.
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S&P500 Idea FOMCBias until Dec FOMC:
We will be looking to continue to ride the Fed rate cuts odds increased on the markets as that is still holding most weight at the moment and will most likely continue to do so until the FOMC decision on 11 December.
The markets have been primarily pricing in the rate cut expectations 30 days well before the actual FOMC decision, there during the actual Rate decision release, we barely get any impact and we get markets repositioning for any future guidance to come. Basically a case of ‘Buy the rumour and Sell the news’’ play.
- Because at the moment, we have been seeing rate cut probabilities increasing to 85% which has been holding most weight for Gold upside and giving the greedy intuitions a reason to further buy up risk assets.
However,
- This doesn't mean that Dec is a guaranteed rate cut, and during the December FOMC, the fed may either cut rates by 25bps or Hold rates, and if there future guidance remarks are hawkish since inflation is still elevated - then we can see Profit taking on risk assets. Therefor expect to see Gold bears, DXY bulls, BTC Bears, Stock bears.
So until the actual December FOMC, If December Rate cut probabilities are still elevated (80%+), then, we can still expect Buyers in control on Risk assets, so:
- DXY - Downside.
- GOLD - Upside , potentially retest upto previous ATH’s $4380’s. Then Profit taking post FOMC.
- US Stocks - Upside on SPX to make New ATH’s and bearish wave if Dec FOMC hawkish.
- BTC - Upside to 100k, prev supply zone before Correction bearish phase.
SPX Gann BoxUpdated Gann BOX Fibonacchi Levels for upcoming SPX correction/wave down.
Horizontal levels mark possible price targets at fibonacchi numbers with a horizontal support. Vertical levels show time targets at fibonacchi numbers. Current move went up to .618 and .786 levsl, that indicates us a price target at 2.618 or 2.786 would be likely as well.
SP500 Bullish Divergence Detected (SPY)Bullish divergence of the SP500 and NYSE Advance Decline Line (ADL) is one of the most powerful and reliable "leading" indicators available. Here we see the ADL make a new high (a higher high) while the SP500 does not make a new high. This divergence indicates that market breadth is markly improving, which will ultimately drive the SP500 up to new all time highs in the coming weeks or months.
I am well aware of discussions about bubble fears and valuation concerns. It's important to note that the market can continue to increase for some time even with these concerns, so it would be a mistake to get out of or short the market at this time. Also, the technicals are pointing higher, not lower.
As long as this train keeps chugging, we should stay on this ride! Go long on SPY, VOO, QQQ!!!
S&P 500 key levels to watchUS indices have managed to bounce nicely off their overnight lows, despite concerns about the yen-funded carry trade unwind and crypto selling. The S&P has now entered a key inflection point again, near 6840-52 area; let's see whether the bulls will be able to reclaim this zone and kick on from there, or whether the selling resumes. Shaded blue area is the key support zone to watch between 6771-6795; bearish if we go below there.
Fawad Razaqzada, market analyst with FOREX.com
SPX : Potential Zweig Breadth ThrustThe Breadth Thrust Indicator is a technical indicator that looks at how many stocks advance vs. decline over 10 days.
When it snaps from around 0.40 to above about 0.615 in 10 trading days or less, that’s called a Zweig Breadth Thrust and has historically lined up with strong bull runs more often than not.
Historically it doesn’t happen often, but when it does, forward returns over the next several months have usually been positive, which is why traders get excited when the line on your chart surges like this.
Historically, once a full thrust has triggered, the index has often been higher 6–12 months later in the majority of cases.
SPX: Investors bet on December's cutDuring Thanksgiving week, markets were in a positive, holiday mood, bringing US equities to higher grounds. The S&P 500 had a five-day positive streak, moving from 6.530 up to 6.850 points on Friday. The mood among investors has shifted again back toward a more risk-on stance, as the market is now about 80% confident that the Fed will cut interest rates at December FOMC meeting. Many stocks included in the index are now trading at new all time highest levels, some of which are General Motors, Hilton Worldwide, Walmart stores.
Tech companies also gained during the previous week, as confidence in AI was restored supported by some promising macro developments. Meta was one of the biggest winners, surging around 9% for the week. Microsoft was traded higher by more than 4%, however, Nvidia continues to lag in gains. Company shares continued to decline, losing around 2% on a weekly basis and highlighting uneven sentiment among the tech sector.
The week ahead brings PCE data for September. This indicator is the Fed's favourite inflation gauge, in which sense, Friday might bring some higher volatility. Nervousness will be increased, considering that these data will be taken into account by FOMC members when voting for a rate cut. On the opposite side, starting with the week ahead, we are entering into the last trading month of the year, when investors are seeking positive sentiment to book yearly profits.
S&P 500 Daily Chart Analysis For Week of Nov 28, 2025Technical Analysis and Outlook:
In this abbreviated weekly trading session, influenced by a significant U.S. holiday and a cooling issue at the CyrusOne data centers at CME, the S&P 500 Index posted notable gains, reaching our primary target, the Mean Resistance at 6,849.
At present, this position suggests the potential for further upward movement, with primary targets established for a continuation of the robust trend toward Key Resistance at 6,895, followed by an extended target identified as the Outer Index Rally at 6,945.
Nevertheless, it is crucial to recognize that, given the prevailing market dynamics, there exists a considerable likelihood of an In-Force pullback from the aforementioned price targets.
S&P500 breakout retest? S&P 500 Trading Summary
Markets started December on weak footing, with risk assets and bonds under pressure. A global rates selloff, triggered by hawkish comments from BoJ Governor Ueda that pushed 10yr JGB yields to post-GFC highs, spilled into the US and Europe. Treasury yields jumped sharply, with the 10yr +7.2bps, its biggest rise in nearly a month.
At the same time, US data disappointed: the ISM manufacturing print took on a stagflationary tone, and higher oil prices amplified inflation concerns. This combination of higher yields + weaker data weighed on equities, leaving the S&P 500 down –0.53%.
Crypto-related volatility added to the risk-off sentiment, with Bitcoin down over 5% and major crypto-linked ETFs suffering steep year-to-date losses, though investor demand for such products remains surprisingly resilient.
On the consumer side, Cyber Monday spending grew more slowly in the US compared to Europe, partly reflecting tariff-driven pressures on US shoppers. While global online spending rose about 5%, the US lagged at 2.6%.
Overall: The session reflected renewed rate fears, stagflation worries, and softening US consumer data, all contributing to a softer tone for the S&P 500.
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S&P 500 Index: Early December Chart AnalysisS&P 500 Index: Early December Chart Analysis
December is traditionally a favourable month for the S&P 500 :
→ Since the 1950s, December has ended higher in over 70% of years.
→ Average monthly gain is around +1.0%.
Will the index rise in 2025? Much depends on the Federal Reserve meeting on 10 December, as well as other factors, including geopolitical developments. Interest is also piqued by an upcoming statement from Trump at the White House (today, 22:00 GMT+3), though the topic remains undisclosed.
Technical Analysis of the S&P 500 Chart
Demand-side perspective:
→ The rebound from November’s low was aggressive, rising roughly +5% in 10 days.
→ Price climbed above the blue trendline that has acted as support since summer.
→ The recent dip (marked by the red trajectory) could be a temporary correction, forming a Bull Flag pattern.
Supply-side perspective:
→ The red trajectory has not yet been breached.
→ Recent price movements show a strong bearish Head and Shoulders pattern, along with signs of a Quasimodo formation, emerging around the attempt to break the upper boundary.
In the short term, the former resistance at 6785 may now act as support. Overall, the S&P 500 is likely to adopt a wait-and-see stance, adjusting as economic news, delayed by the government shutdown, is released.
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$SPX — WEEK 49 TREND REPORTSPX — WEEK 49 TREND REPORT
Ticker: SP:SPX — 12/01/2025 @ 6812.63
Timeframe: WEEKLY
This is a reactive structural classification of SPX based on the weekly chart as of this timestamp. Price conditions are evaluated as they stand — nothing here is predictive or forward-assumptive.
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1) Current Trend Condition
• Trend Duration: +2 weeks (bullish)
• Trend Reversal Level ( Origin ): 6,721
• Trend Reversal Level ( Confirmation ): 6,432
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2) Structure Health
Retracement Phase:
• Uptrend (operating above 78.6%)
Position Status:
• Healthy (price above both structural layers)
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3) Temperature: Warming Phase
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4) Momentum: Bullish
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5) Market Sentiment: Bullish
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Author’s Note
This analysis is fully reactive, not predictive. Market conditions, trend structure, and behavior are classified as they appear in real time. The objective is to identify where directional shifts first occurred, where structural integrity remains intact, and where it would begin to weaken if key levels were breached.
Predictive analysis projects outcomes that do not exist yet. Without price confirmation, prediction is built on baseless assumptions. This framework avoids that entirely by responding only to verified structural changes and live conditions.
The levels shown simply identify where the current trend structure first shifted and where it would begin to lose integrity if breached. Recognizing these boundaries allows for clearer interpretation of market behavior without relying on forward guarantees, speculative projections, or unsupported assumptions.
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Methodology Overview
This classification framework evaluates directional conditions using internal trend-interpretation logic that references price behavior relative to its structural layers. These relationships are used to identify when price movement aligns with the framework’s criteria for directional phases, transition points, or regime shifts. Visual elements or structural labels reflect these internal interpretations, rather than explicit trading signals or preset indicator crossovers. This framework is observational only and does not imply future outcomes.






















