$SPX Analysis, Key Levels & Targets for Day Traders Feb 11 25

Ok. Today’s implied move 6025 - 6105 on the day - I am looking wider than that for spreads today

It’s looking as if futures will open UNDER the 30min 200MA, which could give us that 35EMA cross down and then we will be bearish. We got a little technical bounce yesterday but it was on low volume and looks weak in the indicators. So look for that 35EMA cross down.

50 Day moving average is near the bottom of the trading range under the implied move on the day and at the bottom of tomorrow’s implied move so that is a target to keep in mind.

ATH’s at the top of the trading range and the downtrend line is in today’s implied move.