Bull Juice Still Flowing. Breakouts Confirmed. Targets Set. Bear Filter Off. | SPX Market Briefing | 4 Dec 2025

The bull just keeps wanting to bull.

Despite the dailies being near the upper boundary of the range – it’s looking like there’s still a little more bull juice to squeeze and we are now seeing prices push towards new all time highs again.

SPX and RUT remained bullish as we moved into the range discussed yesterday and popped out of it just as quick.

We now have the breakouts – just looking for the pullback part of the continuation setup.

Should those develop, SPX has a breakout target of 6882 and RUT has a target of 2542.

Bear bias is OFF and short term bull bias is ON.

Popper setups are back to being each way and whatever sets up with no filters.

We have news out today – unemployment claims – could rock the boat. All eyes still looking towards Friday’s big headline numbers NFP.

Gonna be a fun end to the week and start of the month.

Keep scrolling for the breakout targets breakdown…
Breakouts Confirmed. Targets Set. Bull Juice Flowing. Pullback Hunting.

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SPX Market Briefing:

Thursday December sees the bull wanting to bull (despite dailies near upper boundary – still more bull juice to squeeze – pushing towards new ATHs),

SPX and RUT remained bullish and moved into range discussed yesterday then popped out just as quick (breakouts confirmed), now looking for pullback part of continuation setup (SPX target 6882, RUT target 2542),

bear bias OFF short term bull bias ON, popper setups back to each way no filters, unemployment claims today could rock boat, all eyes on Friday NFP – fun end to week and start of month.

Current Multi-Market Status:

• SPX: Bullish Above (still) 6810.29, BO target 6,882

• RUT: Bullish Above (still) 2463.62, BO target 2,542

• ES: 6,868.75 – breakout mode

• YM: 48,017 – pushing highs

• NQ: 25,683.50 – ATH territory

• VIX: 16.12 – subdued

• GC: 4,226.30 – consolidating

• CL: 59.25 – upper channel

• BTC: 93,486 – holding gains

Bull Juice Still Flowing

The bull just keeps wanting to bull.

Despite the dailies being near the upper boundary of the range – it’s looking like there’s still a little more bull juice to squeeze and we are now seeing prices push towards new all time highs again.

Current Status: Bull bias confirmed, pushing ATHs

Breakouts Confirmed

SPX and RUT remained bullish as we moved into the range discussed yesterday and popped out of it just as quick.

We now have the breakouts. The consolidation that had been building is now resolved to the upside. Both indexes have confirmed their breakout status.

Current Status: Breakouts confirmed on both SPX and RUT

Continuation Setup – Targets Set

We now have the breakouts – just looking for the pullback part of the continuation setup.

Should those develop:

• SPX breakout target: 6882

• RUT breakout target: 2542

The continuation setup requires a pullback to test the breakout level before resuming higher. Standard stuff.

Current Status: Waiting for pullback, targets set

Bias Flip – Bear Off Bull On

Bear bias is OFF and short term bull bias is ON.

Popper setups are back to being each way and whatever sets up with no filters. The directional filter that served us well through the range phase is now lifted.

Current Status: Bear filter removed, each way poppers

News Watch – Unemployment Claims And NFP

We have news out today – unemployment claims – could rock the boat.

All eyes still looking towards Friday’s big headline numbers NFP. Gonna be a fun end to the week and start of the month.

Current Status: Unemployment claims today, NFP Friday

Expert Insights

The Observation: The range phase ended faster than expected. Yesterday we were discussing waiting for breakouts – today we have them. Markets don’t wait for permission.

The Fix: When breakouts confirm, the setup shifts to continuation. Look for the pullback for the continuation – that’s your for the breakout swing.
Targets are set: 6882 SPX, 2542 RUT.
Bear filter comes off.

Trade what the market gives you.

Fun Fact:

Studies on breakout behavior show that “throwbacks” (pullbacks after upward breakouts) occur about 55% of the time. Price typically rises for an average of 5 days after a breakout before the pullback begins, with gains of 6-9% being most common before the retracement. The pullback itself takes about 10 days to complete before the trend resumes – so patience is required during the continuation setup phase.

[Source: ThePatternSite / Thomas Bulkowski – Chart Pattern Research]

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