$SPX Analysis, Key Levels & Targets for Day Traders Feb 5 2025

SPY Analysis, Key Levels & Targets for Day Traders

We are starting right under the 35EMA and under the 30min 200MA which is a bearish signal. We have a green signal line still and the 50Day Moving Average isn’t too far away.

We’re at a critical level with the 35EMA and 30min 200MA and that’s what I’ll be watching.

Expected move today between 5985 to 6070. let’s go, y’all


My position - Iron butterfly, put on at close last night 5975/6030/6035/6095
And Iron Condor put on the night before 5975/5985/6085/6095