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** $SPX LUNCH UPDATE
· Matrix Levels+ · 12:30 Update · Wed Nov 11**
▪️ Last 7630.7 (12:25). There was no lunch lull: SPX kept grinding up, broke the 7616.0 high on the 11:40 bar and tagged the 7631.1 20-day on the 12:20 bar (high 7634.4).
▪️ The only real lunch dip came at 12:05–12:10 and held 7621.4, well above the 7608.9 higher low from 11:45.
▪️ Above VWAP (SPY proxy); up over 60 points from the 7571.1 low.
▪️ 5-min: higher lows at 7613.3, 7617.7, 7621.4 and 7624.2. Now testing the 20-day from below for the first time since late October.
▪️ **Resistance:** 7634.4, 7674.6.
▪️ **Support:** 7631.1, 7624.2, 7621.4, 7616.0.
**🎯 KEY TAKEAWAY**
SPX ran through lunch to tag the 7631 20-day; holding 7621.4 keeps the trend for the afternoon, while a 20-day rejection opens 7616.
**📋 SCENARIOS**
🟢 **BULL:** hold 7624.2, break 7634.4 → 7650, 7674.6. Invalid below 7621.4.
🔴 **BEAR:** lose 7621.4 → 7616.0, 7608.9, 7599.3. Invalid above 7634.4.
🟡 **RANGE:** 7621.4–7634.4, pivot 7627.5.
$SPX 21 points
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** $SPX · Matrix Levels+ · Premarket · PROVISIONAL · Wed Nov 11**
▪️ Tuesday close 7521.1 (official close 7520.93), down 29.0 (-0.4%): inside day vs Monday (7576.8/7432.8) that absorbed the CPI flush.
▪️ Overnight (6 PM–now): low 7525.7 at 6 PM, high 7595.5 at 8:15 AM. Last 7595.0 at 8:20, up 73.9 (+1.0%).
▪️ Gapping above Tuesday's 7544.3 high and Monday's 7576.8 high: a breakaway attempt out of the two-day range.
▪️ **Daily trend still down:** below the 20-day (7631.1) and 50-day (7674.6), above the 200-day (7339.6). RSI 45.1.
▪️ **4-hour:** back above the 20 EMA (7529.9) and 50 EMA (7552.1) for the first time since the Nov 5 break.
▪️ **Resistance:** 7595.5, 7631.1, 7674.6.
▪️ **Support:** 7576.8, 7552.1, 7544.3, 7521.1.
▪️ **Today:** Veterans Day: stocks open, bond market closed; no major US data. CoreWeave's beat is lifting chips. Earnings: GIB before the open; FNV, CTVA, CAE, TTEK after the close.
**🎯 KEY TAKEAWAY**
SPX is gapping out of a two-day range; holding 7576.8 targets the 20-day at 7631, while losing it puts the gap fill toward 7544 in play.
**📋 SCENARIOS**
🟢 **BULL:** hold 7576.8, clear 7595.5 → 7631.1, 7674.6. Invalid below 7576.8.
🔴 **BEAR:** lose 7576.8 → 7552.1, 7544.3, 7521.1. Invalid above 7595.5.
🟡 **RANGE:** 7576.8–7595.5, pivot 7586.2 into the open.
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