Monday Follows Script – Now Eyes On 6200 Resistance Pin | SPX Analysis 01 Jul 2025

This is one of those rare weeks where you can feel the compression building before it even begins. Monday was a carbon copy of the plan: breakout pause, reticence around 6200, and limited ambition to push higher.

That 6200 level is the dominant gamma pin this week. It’s where dealers likely want price to stall. And given it overlaps with a new all-time high zone, the odds of aggressive continuation are low unless something big hits the tape.

Let’s recap the pressures stacking up:

• GEX Magnet: 6200 dominant level

• NATH Stall Risk: common hesitation pattern near highs

• Quarter-End Book Balancing: bean counters doing bean counter things

• 4th of July Week: Friday closed, everyone distracted

• NFP Thursday: major event dropped into low-volume week

If you swirl all that together, what do you get? A sideways drift. A quiet tape. A week made for selling premium and collecting theta while the rest of the market fires up the grill.

Key levels:

• 6200 – resistance / GEX pin

• 6160 – Monday midpoint and likely pivot

• 6100-6120 – squeeze base and likely support

• 6200 – breakout resumes only if cleared with volume

Game plan:
2-3 DTE neutral credit spreads. No chasing, no forecasting. Just collect, manage, and let everyone else overtrade into a holiday.