New All Time Highs – Blue Skies! | SPX Analysis 24 Jul 2025

System Update – Where We Stand

• The range defined by the BBW pinch on 14-15 July is still the foundational reference.

• That range gave us the horizontal Range High and Range Low (fixed from that pinch – no updates).

• We had:

  • ✅ Bear Tag n’ Turn at Range High → Price dropped to Range Low.

  • ✅ Bull Tag n’ Turn at Range Low → Triggered the 17 July breakout.

This breakout was clean:

• Breakout

• Pullback

• ✅ Break of pullback high = confirmed continuation

• Target = Range Height added to Range High = 6,362

We’re now 5 points away from that target being fully hit – close enough to lock it in.

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⚠️ Today’s Setup – 24 July

So… what now?

• We are still bullish until we’re not – which means:

  • We do not short into this just because it’s “high”

  • We do not sell just because of the BB upper band

• ❌ Bear Tag n’ Turn trades are invalid until either:

  1. Target is reached and we stall

  2. We break back into the range (confirmed with break of pullback low)

  3. New Tag ‘n Turn setup

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Key Levels to Watch

• ✅ 6,362 – Breakout Target → Already touched. You can consider the breakout objective “complete”

• 6,290 – Range High → If we get a pullback that breaks below this, it’s a signal to reassess

• 6,280 – Break Back In Confirmation → Break + pullback + lower low = reversal in logic

Until then? Bulls are in charge.

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Teaching Note for Students

“We are bullish until we are bearish – and that moment is defined by price action, not gut feel.”

• Do not fade highs just because it “feels stretched”

• Use the fixed range logic and breakout confirmation model

• If you’re unsure whether it’s a new swing setup or an old trade finishing, ask:
  “Are we at target, or are we breaking back in?”