$S&P 500(.SPX)$ : 6300 Test Incoming 📈
Last week,
SPX kept its foot on the gas, closing near 6,260 and flirting with fresh all-time highs.
Buyers are in control. Momentum’s building. But?
The real test comes this week. Here’s what I’m watching:
Scenario 1: Bull Case
SPX clears 6,300 and accelerates fast.
Momentum pushes us through 6,334, then 6,369 without much resistance.
Sentiment flips euphoric. FOMO kicks in. Then?
We ride that wave toward 6,500+ in August.
Scenario 2: Controlled Pullback
SPX rejects off 6,300 and dips to 6,200.
We bounce clean off that support, re-test 6,300, and grind through.
A healthy backtest sets up the next leg toward 6,350+.
Scenario 3: Trap & Flush
SPX breaks 6,300, touches 6,320… then fails.
We snap back under 6,200, triggering a fast drop to 6,147.
Chop and fear return, but it sets the stage for a deeper base and stronger breakout later.
The path won’t be straight. Narratives will flip overnight.
But price always tells the truth.
And as long as SPX holds above 6,200, bulls have the edge.
Stay focused. Stick to your plan.
Big moves are coming.
CALLS: SPX above 6279 SPX July 16 6330C T 6339,6369 SL 6251 📈
PUTS: SPX under 6200 SPX July 16 6150P T 6147,6100 SL 6220 📉
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