top of page

Navigating the S&P 500 for Monday: February 12, 2024

Hey Trader,

As a retail trader, understanding the dynamics of the S&P 500 and its price movements is crucial for making informed decisions in the market. Let's break down the key price levels for Monday and what they mean for your trading strategy.

Upside Potential: For Monday, the 4958.75 - 4967.50 region is a critical area to watch. This range may see selling pressure persisting throughout the year. However, if the price manages to break above this level, our target objective for the next 1 - 2 months is 5242.00. Looking further ahead, we anticipate a target of 5908.00 over the next full year of activity.

Additionally, on the upside for Monday, 5082.50 is a level that could contain buying pressure for the later part of the week. A closing above 5082.50 could accelerate the move towards the 5242.00 objective within 2 - 3 weeks. This level is significant as it could potentially contain buying activity through March and serve as a pivot point for significant upside acceleration through Q2.

Downside Risk: On the downside for Monday, a daily settlement below 4958.75 suggests a strong weekly high. We anticipate a move towards 4861.50 within 3 - 5 days if this level is breached. This level is crucial as it could contain selling pressure through the next week and serve as a significant downside pivot point through Q2.

These price levels provide valuable insights for retail traders, helping them navigate the complexities of the S&P 500 with confidence. By understanding these key levels and their implications, retail traders can develop a more informed trading strategy and approach the market with greater clarity.

Stay tuned for more updates and insights as we continue to unravel the mysteries of trading for retail traders like yourself . . .

Happy Trading,

Anthony Speciale

13 views0 comments

Recent Posts

See All


Commenting has been turned off.
bottom of page