|

S&P 500 futures aim to hold 5,992 POC – Defend or test 5,962/5,980 June 9 London-New York sessions

Friday's 5,933–6,023 range anchors today's playbook. Watch 5,992 as the pivot for upside targets at 6,000, 6,010, and 6,023 or downside probes into 5,980.75, 5,962.50, and below.

1. Daily context

  • Range reminder: Friday's high at 6,023 and low at 5,933 define the key weekly bracket.

  • Trend bias: Still within an overall uptrend from June 3 lows, but short-term momentum has stalled just under 6,000.

2. Key levels to watch

Level type significance

6,023 - Friday High - First resistance; range cap.

6,010 - Minor High - Short-term target if 5,992 holds.

6,000 - Round Number - Psychological barrier.

5,992 - Friday POC (light blue)- Pivot: hold for bullish bias.

5,980.75 - Support - Volume-profile support from Friday.

5,962.50 - VWAP Mid (red) & Daily VAH (yellow)- Major intra-day support.

5,946 - Friday VAH low - First sell-off target if a breakdown occurs.

5,933 - Friday Low - Full range test; new longs only on hold.

Chart

3. Bullish scenario

  1. Hold 5,992 POC in London open.

  2. Target 6,000 area for initial profit-taking.

  3. Extension to 6,010 & 6,023 if buying pressure sustains.

  4. Breakout above 6,039 (daily upper bound) opens run to 6,070+.

Entry: Aggressive longs off 5,992–5,980.75 zone.

Stops: Just below 5,980.75.

4. Bearish scenario

  1. Failure under 5,992—rollover signals.

  2. First support test at 5,980.75.

  3. Deeper pullback into 5,962.50 (VWAP mid / VAH).

  4. Break below 5,962.50 targets 5,946, then 5,933.

Entry: Short triggers under fresh 5,992 breach.

Stops: Above 5,992

5. Session flow and execution

  • London session: Assess strength at POC (5,992).

  • NY open: Confirm break or hold—use higher-timeframe VWAP and volume clusters for conviction.

  • Daily close: Monitor reaction into 5,962.50: hold bullish case; reject signals deeper correction.

Bottom line

Maintaining Friday's range puts 5,992 at the Focal point of today's directional bias. Hold it, and look to revisit 6,000–6,023; lose it and expect a slide toward 5,962.50 and below. Ride the pivot and manage risk around these defined levels.

(This analysis is for informational and educational purposes only and does not constitute financial advice. Always conduct your own due diligence before trading.).

Author

Denis Joeli Fatiaki

Denis Joeli Fatiaki

Independent Analyst

Denis Joeli Fatiaki possesses over a decade of extensive experience as a multi-asset trader and Market Strategist.

More from Denis Joeli Fatiaki
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD retreats below 1.1750 on modest USD recovery

EUR/USD stays under modest bearish pressure and trades below 1.1750 on Friday. Although trading conditions remain thin following the New Year holiday and ahead of the weekend, the modest recovery seen in the US Dollar causes the pair to edge lower. The economic calendar will not feature any high-impact data releases.

GBP/USD struggles to gain traction, stabilizes above 1.3450

After testing 1.3400 on the last day of 2025, GBP/USD managed to stage a rebound. Nevertheless, the pair finds it difficult to gather momentum and moves sideways above 1.3450 as market participants remain in holiday mood.

Gold climbs toward $4,400 following deep correction

Gold reverses its direction and advances toward $4,400 after suffering heavy losses amid profit-taking before the New Year holiday. Growing expectations for a dovish Fed policy and persistent geopolitical risks seem to be helping XAU/USD stretch higher.

Cardano gains early New Year momentum, bulls target falling wedge breakout

Cardano kicks off the New Year on a positive note and is extending gains, trading above $0.36 at the time of writing on Friday. Improving on-chain and derivatives data point to growing bullish interest, while the technical outlook keeps an upside breakout in focus.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).