SPX Play-by-Play: From Trap to Trend and Back AgainJust price, structure, and volume — tracked in real time.
🧠 Chart Breakdown:
✅ Early Short Trap / Failed Breakdown — Sellers tried to press lower early, but price held key levels and reversed. That shift became the foundation for the entire move that followed.
✅ Breakout Long Trigger — After reclaiming structure, price drove into new highs with strong follow-through. Volume confirmed the breakout.
⛔ Top Rejection — Price pushed into resistance but couldn’t hold. Momentum faded, candles hesitated, and sellers stepped in.
✅ Fib-Based Bounce — After the pullback, price responded cleanly off fib-based support. The bounce was sharp, and volume backed it.
✅ Steady Uptrend Structure — Price moved in an orderly fashion. Small pullbacks held structure, and volume stayed supportive — a textbook controlled climb.
⛔ Range Resistance — Price returned to a previously rejected zone. Wicks and hesitation reappeared.
👀 Current Breakout Watch — Price is testing that resistance again. A reclaim with strength signals continuation. Another fade? Let it go.
Always happy to be helpful.
