Strong week for the
SPX index. After two weeks of hesitation candles, price finally shifted back into strength and pushed decisively higher. This week’s candle not only reclaimed momentum but fully erased last week’s cooling-off behavior.
Price also moved well above the key mid-range levels that traders usually watch to define trend health. It’s now sitting firmly above the major risk zone and continues building distance away from it — a clear sign of strength. From the moment this week’s upside break triggered, the index has gained roughly 1.9%, and that kind of move typically translates into solid returns for options traders playing directional setups.
Major support zones sit lower around 5900, 5100, and the deeper structural support near 4000. As long as price holds above the upper layers of support, momentum remains intact.
On the higher-timeframe monthly chart, the trend has been active for eight straight months with no signs of exhaustion. Price is still far above the level where the monthly trend began, and even further above the long-term midline — showing how dominant the larger trend still is.
The 2-day chart continues to support the overall bullish structure, breaking above short-term levels and maintaining strength after multiple confirmations earlier in the week.
This week was a clean continuation of the broader uptrend — strong candle, strong momentum, and strong positioning above every major structural region.
Elite clarity. Elite precision. More coming soon.
Price also moved well above the key mid-range levels that traders usually watch to define trend health. It’s now sitting firmly above the major risk zone and continues building distance away from it — a clear sign of strength. From the moment this week’s upside break triggered, the index has gained roughly 1.9%, and that kind of move typically translates into solid returns for options traders playing directional setups.
Major support zones sit lower around 5900, 5100, and the deeper structural support near 4000. As long as price holds above the upper layers of support, momentum remains intact.
On the higher-timeframe monthly chart, the trend has been active for eight straight months with no signs of exhaustion. Price is still far above the level where the monthly trend began, and even further above the long-term midline — showing how dominant the larger trend still is.
The 2-day chart continues to support the overall bullish structure, breaking above short-term levels and maintaining strength after multiple confirmations earlier in the week.
This week was a clean continuation of the broader uptrend — strong candle, strong momentum, and strong positioning above every major structural region.
Elite clarity. Elite precision. More coming soon.
Tracking 15 names across SPX, NDX, and DJX leadership with structured weekly market reads and public scorekeeping. For deeper updates, chart posts, and progress tracking, follow my Instagram: @GURULifelineHQ.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Tracking 15 names across SPX, NDX, and DJX leadership with structured weekly market reads and public scorekeeping. For deeper updates, chart posts, and progress tracking, follow my Instagram: @GURULifelineHQ.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
