SP500 LDN TRADING UPDATE 12/9/25
WEEKLY & DAILY LEVELS
***QUOTING ES1! CASH US500 EQUIVALENT LEVELS SUBTRACT ~10 POINTS***
WEEKLY BULL BEAR ZONE 6440/50
WEEKLY RANGE RES 6556 SUP 6407
SEP MOPEX STRADDLE - 6260/6639
SEP EOM STRADDLE - 6282/6638
DAILY BULL BEAR ZONE 6560/50
DAILY RANGE RES 6650 SUP 6533
2 SIGMA RES 6712 SUP 6471
VIX DAILY BULL BEAR ZONE 15
DAILY MARKET CONDITION - ONE TIME FRAMING UP 6552
One-Time Framing Up (OTFU): This represents a market trend where each successive bar forms a higher low, signaling a strong and consistent upward movement.
TRADES & TARGETS
LONG ON TEST/REJECT DAILY BULL BEAR ZONE TARGET DAILY RANGE RES
SHORT ON TEST/REJECT OF DAILY RANGE RES TARGET DAILY BULL BEAR ZONE
(I FADE TESTS OF 2 SIGMA LEVELS ESPECIALLY INTO THE FINAL HOUR OF THE NY CASH SESSION AS 90% OF THE TIME WHEN TESTED THE MARKET WILL CLOSE AT OR BELOW THESE LEVELS)
GOLDMAN SACHS TRADING DESK VIEWS
U.S. EQUITIES REPORT: POSITIVE TREND
FICC and Equities
September 11, 2025
S&P increased by 85 basis points, closing at 6,587 with a Market on Close (MOC) sell of $2.2 billion.
NDX rose 60 basis points to 23,992,
R2K up 175 basis points at 2,421,
and Dow increased by 136 basis points to 46,108.
A total of 18.2 billion shares were exchanged across all U.S. equity markets compared to a year-to-date daily average of 16.8 billion shares.
VIX decreased by 417 basis points to 14.71,
WTI Crude dropped by 214 basis points to $62.31,
US 10-Year Treasury yield decreased by 2 basis points to 4.02%,
gold fell by 20 basis points to 3,674,
DXY decreased by 27 basis points to 97.52, and
Bitcoin rose by 60 basis points to $114,000.
U.S. equities showed strength today, led by cyclical stocks amid rising claims (soaring to 263,000 vs. the consensus of 235,000 / the highest level since late 2021) and largely aligned CPI (up 35 basis points on a core basis unrounded). Supercore increased to 33 basis points compared to a 3-month average of 25 basis points. As the data suggests a clear path for a rate cut, our economists maintain their forecast of five rate reductions of 25 basis points each by next June, ultimately lowering the benchmark rate to 3-3.25%. No jobs? No problem. Interestingly, retail performance was decent. It showed resilience despite macro challenges and actually performed well (outperformed) amid last Friday’s jobs miss. If there are significant concerns, they aren’t reflected in consumer stocks during job data releases. Our trading floor rated a 6 on a 1-10 scale regarding overall activity levels. The floor concluded with a gain of 537 basis points to buy, compared to a 30-day average of -50 basis points. Both large organizations and hedge funds ended up being around $2 billion net buyers, driven by widespread demand across nearly every sector except for industrials.
FIGR was priced at $25, opening at $36. In technology, memory strength was a highlight with: MU up 28% in 7 days, LRCX up roughly 20% in 7 days, and SNDK up 90% in 15 days (supported by a series of favorable data points). On the micro side, WBD rose 28% on a report of *PARAMOUNT PREPARING ELLISON-BACKED BID FOR WB DISCOVERY: WSJ.
POST MARKET:
ADBE increased by 6%... recording a solid RPO beat ($20.44 billion vs. consensus of $19.99 billion) and providing guidance above expectations (Q4 revenues of $4.53 - 4.56 billion vs. consensus of $4.51 billion). The focus of the call will be their AI strategy, and the question will be whether it is sufficient to deter long-term thematic bears from exerting pressure.
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Patrick has been involved in the financial markets for well over a decade as a self-educated professional trader and money manager. Flitting between the roles of market commentator, analyst and mentor, Patrick has improved the technical skills and psychological stance of literally hundreds of traders – coaching them to become savvy market operators!