After a choppy few weeks, the market has clawed back to a crucial spot — one that could set the tone for the next big leg.
We’ve worked off a 10% correction, bounced, and now we’re sitting right in the middle of what I’d call equilibrium. And heading into the quarter-end, that’s the line in the sand.
And that line is the 5,800-6,000 levels in the S&P 500.
If the bulls are going to hold momentum, they need to defend this level. If the bears want to reassert control, this is where they’ll show their hand.
The big question isn’t whether we go higher or lower — it’s whether we just stall right here.
Not Much of a Signal Yet
This isn’t a clean bullish setup, and it’s not a clean bearish one either. It’s more of a pressure zone. Think of it like a decision point — the kind where either side can take control, but neither has the upper hand yet.
On Monday, we had the S&P 500 (SPX), the Dow (DIA) and the Nasdaq 100 (QQQ) grinding into resistance. The Russell 2000 (IWM) was bouncing, but it’s still structurally weaker and actually down Tuesday.
Breadth is improving, but we’re not at extremes. The VIX just flipped back into contango below 20 — a good sign for the bulls — but it doesn’t scream breakout either.
What we do have is a pocket of indecision. That could mean chop. That could mean a reset before another move. Or that could mean a surprise breakout or breakdown — and quarter-end flows could be the match that lights the fuse.
Why This Spot Matters
The market loves symmetry. And when you line up Fibonacci levels, moving averages and prior pivot zones, this current level shows up again and again.
If we consolidate here and start to drift higher, bulls could regain control heading into earnings. But if we start rolling over, especially with the 10-year yield creeping up again, we could see another leg lower — fast. This is where bulls climb stairs, but bears jump out of windows.
So I’m watching this spot closely. I’m not predicting a breakout or breakdown. I’m just acknowledging that we’re sitting at a level where either could happen — and if one side fails to defend, the other side will act fast.
That’s how I’m approaching the final days of the quarter: defined risk, measured exposure and readiness for either outcome.
I’ll see you in the markets.
Chris Pulver
Chris Pulver Trading
Follow along and join the conversation for real-time analysis, trade ideas, market insights and more!
-
- Telegram:https://t.me/+av20QmeKC5VjOTc5
- YouTube:https://www.youtube.com/@FinancialWars
- Twitter:https://x.com/realchrispulver
- Facebook: https://facebook.com/therealchrispulver
Important Note: No one from the ProsperityPub team or Chris Pulver Trading will ever contact you directly on Telegram.
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. Market Sell-Off Couldn’t Break This 31-for-32 Streak
Learn the secret to targeting consistent moves in ANY market…
Every day is a new opportunity for this “morning master.” No matter what direction the market is moving, this clear signal has delivered an 89% win rate.
