EdwardKarchi
12-24 00:18

The recent move in the S&P 500 feels very technical to me. After triple witching cleared out a lot of options pressure around 6,700–6,800, the market suddenly feels lighter and more willing to push higher.

Right now, 6,900 is the level I’m watching closely. It’s not just a round number — it’s where price is pausing and testing commitment. If we can hold above this zone and not immediately get rejected, I think the path toward 7,000 opens up pretty naturally, especially with year-end seasonality on our side.

That said, I don’t expect a straight line up. A bit of chop or consolidation around 6,900 wouldn’t be a bad thing at all — it would actually make a breakout healthier.

My bias stays bullish as long as price holds above the recent breakout zone. If we lose it, then it’s probably just another range. Simple as that.

Not trying to predict — just reacting to levels.

Curious how others are positioning here. Do you see 6,900–7,000 as a real breakout zone? 

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