SP500 LDN TRADING UPDATE 6/2/26
SP500 LDN TRADING UPDATE 6/2/26
WEEKLY & DAILY LEVELS
***QUOTING ES1! FOR CASH US500 EQUIVALENT LEVELS, SUBTRACT POINT DIFFERENCE***
WEEKLY BULL BEAR ZONE 6859/69
WEEKLY RANGE RES 7058 SUP 6869
FEB OPEX STRADDLE 6726/7154
MAR QOPEX STRADDLE 6466/7203
DEC 2026 OPEX STRADDLE 5889/7779
GAMMA FLIP LEVEL 6962
DAILY VWAP BEARISH 6906
WEEKLY VWAP BEARISH 6936
MONTHLY VWAP BEARISH 6890
DAILY STRUCTURE – ONE TIME FRAMING LOWER - 6881
WEEKLY STRUCTURE – ONE TIME FRAMING LOWER TBC
MONTHLY STRUCTURE – BALANCE TBC
DAILY BULL BEAR ZONE 6840/50
DAILY RANGE RES 6850 SUP 6726
2 SIGMA RES 6914 SUP 6665
VIX BULL BEAR ZONE 20
PUT/CALL RATIO 1.41 (The numbers reflect options traded during the current session. A put-call ratio below 0.7 is generally considered bullish, and a put-call ratio above 1.0 is generally considered bearish)
TRADES & TARGETS
SHORT ON REJECT/RECLAIM DAILY BULL BEAR ZONE TARGET DAILY RANGE SUP
LONG ON REJECT/RECLAIM OF WEEKLY/DAILY/FEB OPEX STRADDLE RANGE SUP TARGET 6752
(I FADE TESTS OF 2 SIGMA LEVELS ESPECIALLY INTO THE FINAL HOUR OF THE NY CASH SESSION AS 90% OF THE TIME WHEN TESTED THE MARKET WILL CLOSE ABOVE OR BELOW THESE LEVELS)
Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
Past performance is not indicative of future results.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% and 73% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Futures and Options: Trading futures and options on margin carries a high degree of risk and may result in losses exceeding your initial investment. These products are not suitable for all investors. Ensure you fully understand the risks and take appropriate care to manage your risk.
Patrick has been involved in the financial markets for well over a decade as a self-educated professional trader and money manager. Flitting between the roles of market commentator, analyst and mentor, Patrick has improved the technical skills and psychological stance of literally hundreds of traders – coaching them to become savvy market operators!