Learn to Evaluate (SPX) using the Charts

February 24, 2025, 16:20 pm ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SPX

• Buy SPX near 5925.65 target 6108.66 stop loss @ 5908.54 Details

The technical summary data tells us to buy SPX near 5925.65 with an upside target of 6108.66. This data also tells us to set a stop loss @ 5908.54 to protect against excessive loss in case the stock begins to move against the trade. 5925.65 is the first level of support below 5983.25 , and by rule, any test of support is a buy signal. In this case, support 5925.65 would be being tested, so a buy signal would exist.

• Short SPX slightly under 6108.66, target 5925.65, stop loss @ 6126.3 Details

The technical summary data is suggesting a short of SPX as it gets near 6108.66 with a downside target of 5925.65. We should have a stop loss in place at 6126.3though. 6108.66 is the first level of resistance above 5983.25, and by rule, any test of resistance is a short signal. In this case, if resistance 6108.66 is being tested, so a short signal would exist.

Swing Trading Plans for SPX

• Buy SPX slightly over 6073.25, target 6108.66, Stop Loss @ 6055.71 Details

If 6073.25 begins to break higher, the technical summary data tells us to buy SPX just slightly over 6073.25, with an upside target of 6108.66. The data also tells us to set a stop loss @ 6055.71 in case the stock turns against the trade. 6073.25 is the first level of resistance above 5983.25, and by rule, any break above resistance is a buy signal. In this case, 6073.25, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SPX slightly near 6073.25, target 5925.65, Stop Loss @ 6090.79. Details

The technical summary data is suggesting a short of SPX if it tests 6073.25 with a downside target of 5925.65. We should have a stop loss in place at 6090.79 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 6073.25, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for SPX

• Buy SPX slightly over 6045.23, target 6073.25, Stop Loss @ 6031.13 Details

If 6045.23 begins to break higher, the technical summary data tells us to buy SPX just slightly over 6045.23, with an upside target of 6073.25. The data also tells us to set a stop loss @ 6031.13 in case the stock turns against the trade. 6045.23 is the first level of resistance above 5983.25, and by rule, any break above resistance is a buy signal. In this case, 6045.23, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SPX slightly near 6045.23, target 5925.65, Stop Loss @ 6059.33. Details

The technical summary data is suggesting a short of SPX if it tests 6045.23 with a downside target of 5925.65. We should have a stop loss in place at 6059.33 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 6045.23, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Null (SPX) available here: SPX.

SPX Ratings for February 24:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	5925.65
P2	6045.23	6073.25	6108.66
P3	6096.02	6140.77	6262.26

AI Generated Signals for SPX

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Null (NYSE: SPX) report below can help you understand how to do this. The trading plans for SPX, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.