SPX Market Insight - 2025-12-06
12/6/2025, 7:51:50 AM
2025-12-04
🎢 Market Rollercoaster Recovery!
SPX bounced back beautifully from the Nov 20 panic selloff (down 200 points!), climbing from 6538 to 6857. The market's showing solid recovery momentum with price now comfortably above all EMAs. VIX crushed from 26+ down to 17, signaling fear has left the building! 📉
📊 Technical Snapshot: RSI cooled to neutral zone (was oversold at 28, now healthy). MACD flipped positive on Nov 28 - bullish crossover confirmed! We're consolidating near recent highs around 6850-6866.
🔮 What's Next: Expect minor consolidation after this strong rally. Tomorrow likely sees a modest green candle as buyers defend 6800+ levels. Week should close above Monday's 6812 open - bulls are in control but taking a breather. Watch for breakout above 6866! 🚀
Trend: 🚀 BULLISH
Candlestick Pattern: Doji/Spinning Top consolidation (Dec 2-4: Small-bodied candles with upper wicks at 6851-6866, showing indecision after strong rally)
2-Week Options: 📊 Long Call, Strike: 6900, Expiration: 2025-12-18
Support: 🟢 6815 (Dec 1-3 consolidation lows and candle opens)
Resistance: 🔴 6866 (Dec 4 high - tested multiple times)