SPX Is Trapped — Trade These Key Levels

As we head into the first monthly options expiration of 2026, the S&P 500 is doing what it often does best—rotating between key option strikes and forcing traders to stay disciplined. In this video, Henry walks through the exact levels and scenarios he’s watching over the next two sessions, and why Nvidia could be the deciding factor.

If you trade SPX options or index futures, this is a must-watch breakdown of range-based price action, risk pivots, and how derivative positioning drives short-term market movement. Rather than guessing direction, you’ll learn how to follow the road signs the market gives you—and how to stay flexible when conditions shift.

Henry explains why recent selling stalled near 6900, what needs to happen for price to reclaim higher ground, and how major round numbers like 6950 and 7000 influence hedging behavior. He also dives into Nvidia’s unique time symmetry setup, showing how repeated eight-day selloffs may be setting up an inflection point that impacts the broader market.

This video is about structure, not prediction—and about letting price confirm opportunity before committing capital.

⏱ Timestamps
00:00 Why monthly expiration matters for SPX traders
00:49 Breakdown of the 6900 risk pivot and failed downside
01:45 Key SPX upside scenarios into Thursday and Friday
02:49 Why Nvidia matters for the S&P’s next move
03:07 Time symmetry explained on Nvidia
04:18 What confirms — or invalidates — the bullish case

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