SPX Daily Levels For Wednesday 7/2/2025 🎯

SPX support and resistance levels for Wednesday

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Now onto Wednesdays Levels

Levels for Wednesday are in the chart and listed below:

🎯 Daily SPX Levels:

• 6229-Red

• 6219-Red

• 6207-Pink

• 6190-Pink

• 6182-Red

• 6171-Red

🎯 Weekly SPX Levels:

• 6237-Blue

• 6094-Blue

🎯 July SPX Monthly Range:

• 6269, 5830-Purple

🎯 String Input: Copy and Paste this into the Indicator

• 6229,6219,6207,6190,6182,6171,6237,6094,6269,5830

Red and Pink Levels are updated Daily. (Daily Levels)

Blue Levels are updated Weekly before Mondays open. (Weekly Levels)

Purple Levels are updated beginning of each Month. (Monthly Range)

If necessary, I will provide additional daily levels in Substack’s chat thread to account for market gaps.

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Levels Converted to ES Below:

🎯 Daily ES Levels:

We are now using September Contract.

Manual ES Spread=50

• 6279-Red

• 6269-Red

• 6257-Pink

• 6240-Pink

• 6232-Red

• 6221-Red

🎯 Weekly ES Levels:

• 6287-Blue

• 6144-Blue

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Levels Converted to SPY Below: 10.037

🎯 Daily SPY Levels:

Manual SPY Ratio:

• 620.6-Red

• 619.61-Red

• 618.41-Pink

• 616.72-Pink

• 615.92-Red

• 614.83-Red

🎯 Weekly SPY Levels:

• 621.4-Blue

• 607.15-Blue

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📣 Key News Events This Week:

But first here is how I treat news events. Rather than attempting to forecast where the market will head during these news events, I see them as moments when market algorithms swiftly push prices in their intended direction, regardless of the news itself. As traders, we can’t reliably predict how the market’s emotions will interpret good or bad news—sometimes it defies logic entirely. Good news might trigger sell-offs, while bad news could spark rallies. Instead of guessing, we should focus on reacting to live price action, letting it guide us based on how it aligns with our technical analysis.

• Wednesday, July 2, 2025:
  08:15 ADP Nonfarm Employment Change
  10:30 Crude Oil Inventories

• Thursday, July 3, 2025:
  Holiday United States - Independence Day - Early close at 13:00
  08:30 Average Hourly Earnings
  08:30 Initial Jobless Claims
  08:30 Nonfarm Payrolls
  08:30 Unemployment Rate
  09:45 S&P Global Services PMI
  10:00 ISM Non-Manufacturing PMI

• Friday, July 4, 2025:
  All Day Holiday United States - Independence Day 🎇

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📊 Here are charts of the larger patterns I’m watching below:

• Hourly Chart From 6/29: There’s a confluence of the previous all-time high trendline and channel resistance from 6,230-6240 expected to hold throughout Tuesday. A rejection at this level could push the price toward the channel’s midline. That said, I don’t depend solely on trendlines—they are just one element I combine with my algorithmically generated support and resistance levels to create a comprehensive analysis. Note that this assessment is based on June 30th, 2025, and upcoming events like Fed Chair Powell's speech on July 1 could influence market movement. Always base your trades on the market's current conditions, not on predictions.

• Daily Chart From 6/29:

• Weekly Chart From 6/29: This is a weekly log scale chart of the S&P 500 dating back to 2009, which showcases its typical bullish pattern over the years. The chart indicates there’s still significant room for the price to move both upward and downward from its current level. It’s common for analysts to predict market tops when new all-time highs are reached, but based on this long-term view, the market doesn’t appear overextended. A hidden trendline at 0.75 of the rising channel aligns with a level of 6,320 for July, offering a key reference point. When studying a channel, you can identify support and resistance at the top, middle, bottom, and even fractional increments in between. Additionally, there’s a yellow rising wedge pattern visible below, but the recent upward surge makes me question the reliability of the lower trendline, especially since the price has already broken through it once.

📣 Announcement:

Indicator Update: I’m thrilled to announce Precision Levels 3.0, an updated version of my custom indicator I’ve developed for Trading View, now available in the Community Scripts section! This tool is designed to streamline your charting by semi-automatically highlighting the key price levels I share, making it easier to track critical support, resistance, and breakout zones. Visit the link below for a step-by-step guide on how to find, set up, and use this indicator in your Trading View charts.

Updated Precision Levels 3.0

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👇 Below are Hyperlinks to previous content shared in this newsletter. I recommend reading through all of it to better understand how to use this information to secure your edge:

• Overview of the Quantitative Algorithm

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Overview of the Quantitative Algorithms

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