1d (edited) • 📈 No‑Chase Watchlist
Market Update — SPX500
On the daily timeframe, structure remains bullish, so the broader bias is still intact. Until that changes, I’m treating pullbacks as corrective rather than the start of a larger reversal.
Looking at the 1H timeframe, price is currently trading between a defined support area below and nearby overhead resistance. The 6775–6800 region has been the area where buyers have consistently stepped in, with 6764 acting as the key level that must hold for the current structure to remain valid.
Above price, the 6855–6869 area is the first zone where I expect price to react or slow. If price can work through that area, the next decision point sits higher at 6885–6904. A clean acceptance above both would signal strength and open up room for continuation toward ATH.
From a scheduling standpoint, this is a holiday-shortened week — Wednesday is a half trading day and the market is closed Thursday. With reduced liquidity, I’m prioritizing patience and clean behavior at levels rather than forcing trades in choppy conditions.
If price loses 6764, I’ll step aside and wait for structure to rebuild. Otherwise, the plan remains simple: let price come to key areas and only act if the market confirms.
I’m currently running an end-of-year rate for The Trading Desk at $35/month.That pricing ends Dec 31, after which it returns to $59/month and won’t be offered again.
If you want to follow how I’m approaching names like this as price develops and how my thinking evolves in real time, you can join here:
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Market Update — SPX500
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2-3x/week swing setups for 9-5 traders. Structure-only charts + bull/bear thesis. Plan at night, set alerts. Edu only. No chasing.
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