Probable Price Structure Analysis of SPX for the week of 8 - 12 June, 2026.
(1) Bullish Scenario:
There is no observable bullish scenario. In fact, SPX bulls are trapped just above 7500. In the present scenario, doubt all the up move, as there are signs of bullish exhaustion. However, if price decisively trades above the level 7500 to form higher-highs and lower-lows structure, then bullish continuation can be expected. The probable bullish targets above the level 7500 are - 7550 and 7600.
(2) Bearish Scenario:
In the present structure, price is in a bearish phase (in a shorter time frame - 1 hour). In this scenario, wait for bearish trades only. If price stays below the level 7400, then stay bearish. The probable bearish targets below the level 7400 are - 7350, 7300, 7250, and 7200.
(3) No Trading Zone (NTZ): (7500 - 7400).
The NTZ is the zone of indecision. Both bulls and bears will be confused. Thus, wait for a breakout or breakdown from this zone.
Disclaimer:
(i) All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
(ii) Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
(iii) Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
(iv) Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
(v) Be Strategic. Be Courageous. Be Patient. Be Wise.
(vi) Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
(vii) Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading!
(1) Bullish Scenario:
There is no observable bullish scenario. In fact, SPX bulls are trapped just above 7500. In the present scenario, doubt all the up move, as there are signs of bullish exhaustion. However, if price decisively trades above the level 7500 to form higher-highs and lower-lows structure, then bullish continuation can be expected. The probable bullish targets above the level 7500 are - 7550 and 7600.
(2) Bearish Scenario:
In the present structure, price is in a bearish phase (in a shorter time frame - 1 hour). In this scenario, wait for bearish trades only. If price stays below the level 7400, then stay bearish. The probable bearish targets below the level 7400 are - 7350, 7300, 7250, and 7200.
(3) No Trading Zone (NTZ): (7500 - 7400).
The NTZ is the zone of indecision. Both bulls and bears will be confused. Thus, wait for a breakout or breakdown from this zone.
Disclaimer:
(i) All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
(ii) Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
(iii) Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
(iv) Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
(v) Be Strategic. Be Courageous. Be Patient. Be Wise.
(vi) Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
(vii) Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading!
Note
Date: 08.06.2026Time: 20.51 IST
Price is perfectly trading in the No Trading Zone (NTZ): (7500 - 7400).
Be bullish only if the price forms a higher-highs and lower-lows structure above the level 7500.
Be bearish the moment the price starts to trade below the level 7400.
Chill and Happy Trading!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.