(1) My guess is SPX will close at 6879. (2 & 3) Based on the technical analysis of the 15 minutes chart of the S&P 500, there is a high likelihood of a bullish bias into the close, with a target price range of 6,878.50 to 6,882.00. The index is currently in a high-probability "consolidation before expansion" phase. After reaching an intraday high of 6,882.03, the price action successfully testing the Middle Bollinger Band and remained above the EMA 20 throughout most of the session, indicating the final trading hour surge close to the intraday-day high is possible. While the MACD is currently showing a minor bearish divergence, the histogram is flattening, signaling that the selling pressure from the mid-day profit-taking is exhausting. In the context of a Santa rally environment, institutional buying is probable as per the large volume increase on 19 December 2025. Action Plan: Sell Put for SPY at $655 expiry 16 Jan 26, for premiums.
(2 & 3) Based on the technical analysis of the 15 minutes chart of the S&P 500, there is a high likelihood of a bullish bias into the close, with a target price range of 6,878.50 to 6,882.00.
The index is currently in a high-probability "consolidation before expansion" phase. After reaching an intraday high of 6,882.03, the price action successfully testing the Middle Bollinger Band and remained above the EMA 20 throughout most of the session, indicating the final trading hour surge close to the intraday-day high is possible.
While the MACD is currently showing a minor bearish divergence, the histogram is flattening, signaling that the selling pressure from the mid-day profit-taking is exhausting.
In the context of a Santa rally environment, institutional buying is probable as per the large volume increase on 19 December 2025.
Action Plan: Sell Put for SPY at $655 expiry 16 Jan 26, for premiums.