SPX Trade Plan — December 3, 2025
Morning Note — December 3, 2025 - KASM Capital
Morning Note — December 3, 2025
After a strong move, SPX is doing what it should—consolidating. Price has been stuck in a tight range since Wednesday’s close, and we may see this continue into next week ahead of the December 10th cluster: Fed rate decision, CPI, and PMI all on the same day.
My ideal scenario: a retest of 6764 before the next leg higher. A move down to 6618 would be even cleaner structurally, but I’m not counting on it.
For now, we trade what’s in front of us.
Targeting 6880, with 6900 and 6950 as stretch levels.
Expecting 6800 to act as strong support (again). A break opens 6775.
We also have a Golden Rule in effect today, meaning I expect a retest of 6837 at some point during the session.
Execution Levels
Long Plan
- Retest & hold of 6837 → 6844 → 6850 → 6856
- Retest & hold of 6826 works similarly
- Through 6856 → 6862 → 6868 → 6875/80
Short Plan
- Break below 6837 → 6826
- Below 6826 → quick drop to 6820 → 6815
- Below 6815 → 6807 → 6800
- Below 6798 → 6792 → 6789 → 6780 → 6775
- Below 6775 → 6764 (final PT)