NFP Incoming - Will SPX Smash 6100?

NFP Incoming – Will SPX Smash 6100? | SPX Market Analysis 7 Feb 2025

The bulls keep charging as SPX edges closer to 6100. But with the NFP report dropping pre-market, things could get lively.

Will we blast through resistance or bounce back down? Expect some whipsaw chaos before the market settles – but with a bullish trend already in play, we should at least get one more push toward target exits before the dust settles.

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SPX Deeper Dive Analysis:

📈 Bullish Move On Track
SPX has ridden the momentum train all the way from the range lows to the range highs. Now, we’re staring at 6100, the key level where decisions will be made.


🚀 NFP Report – A Market Mover
Today’s Non-Farm Payroll (NFP) data drops just before the opening bell. This is one of the bigger monthly catalysts, meaning we could see:

• A breakout past 6100 if the market likes the numbers.
  
• A sharp rejection back into the range if traders get spooked.
  
• A whipsaw shakeout, with wild swings before settling.
  

🔄 Short-Term Expectation? A Push Higher
Even if volatility kicks in, the existing bullish momentum should at least give us a final nudge up toward target exits. Whether we smash through 6100 or stall out, we’re in prime position to lock in profits.



⏳ The Good Kind of Waiting
Once again, we’re in a holding pattern, waiting for the market to tip its hand. But this is strategic patience – the kind where we’ve done the hard work and now simply let the market do its thing. The setups are in place – now, we sit back and watch the magic unfold.

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Fun Fact:
📢 Did you know? In 2010, a trader accidentally caused a $1 trillion stock market crash in just 36 minutes – all because of a fat-finger trade.

💡 The Lesson? One typo, one misclick, or one overleveraged position can cause chaos. Always double-check your trades, because even the pros have hit the wrong button before.