Bulls Hugging Upper Bands. RUT Rampage. Pro Tip On Trend Strength. | SPX Market Briefing | 26 Nov 2025

Quick reminder before we dive in today…

Our 5-day SPX bootcamp is right around the corner (December 1-5)…this is your best chance to come learn and start seeing real success as an SPX options trader….

More details HERE.

Back to the analysis…

Let’s keep it short and sweet today.

We are bullish.

SPX Tag n Turn fired off on Friday and we remain bullish until we are bearish.

And we are a cat’s whisker away from tagging the upper Bollinger Band.

RUT also fired bullish last Friday and has been on a rampage higher, literally hugging the upper Bollinger Band.

There was a brief Tag n Turn to bearish which flipped back bullish just as quick.

In both cases the Bollinger Bands are still fanning out, which is more pronounced on RUT.

One pro tip for determining a strong trending environment is:

One – when price hugs, in this case, the upper Bollinger Band.

Two – when the BB width continues to widen AND the lower BB starts to point upward.

Which is what we are currently seeing on RUT.

So IF this continues we are looking at a strong trending move.

And IF the BB width starts to contract we may be about to pause.

Also as we are back near the middle of the daily range after an attempted break lower – this seems a sensible place for max pain for those bears to be “stopped out.”

So if we are to see a push back to retest lows – from approximately here seems sensible.

Otherwise, back to the highs we go.

SPX Doesn’t Need You To Be Right. Just Consistent.

Pulse bar tells you when. Credit spreads handle the rest.

Unlock the SPX Strategy!

SPX Market Briefing:

Wednesday November pre-Thanksgiving reviews bullish stance (SPX Tag n Turn fired Friday remaining bullish until bearish with cat’s whisker from upper Bollinger Band target),

RUT also fired bullish Friday (rampage higher literally hugging upper BB with brief bearish flip that snapped back bullish just as quick),

Bollinger Bands fanning out on both (more pronounced on RUT),

pro tip for strong trending environment (price hugs upper BB, BB width continues to widen AND lower BB starts to point upward – seeing exactly this on RUT),
IF continues = strong trending move (IF BB width contracts = pause incoming),
back near middle of daily range after attempted break lower (sensible max pain zone for bears to get stopped out, retest lows from here or back to highs).

Current Multi-Market Status:

• SPX: Bullish TnT, PFZ 6521.92, Target 6758.39 (nearly tagged at current 6,765)

• RUT: Bullish TnT (flipped back), PFZ 2459.29, Target Pending, current ~2,396, hugging upper BB

Bullish Until Bearish

We are bullish.

SPX Tag n Turn fired off on Friday and we remain bullish until we are bearish.

That’s the systematic approach. No guessing. No hoping. Signal fires, we follow.

And we are a cat’s whisker away from tagging the upper Bollinger Band.

SPX currently at 6,765 with our TnT target at 6758.39 – essentially there. PFZ level sits at 6,521.92 providing the floor.

Current Status: SPX bullish TnT active, target nearly tagged

RUT Rampage

RUT also fired bullish last Friday and has been on a rampage higher, literally hugging the upper Bollinger Band.

When I say hugging, I mean proper bear-hug-your-aunt-at-Christmas hugging. Price glued to that upper band.

There was a brief Tag n Turn to bearish which flipped back bullish just as quick.

Market doing its best impression of someone who can’t decide between pumpkin and pecan pie. Bearish? Nah. Back to bullish. Sorted.

Current Status: RUT bullish rampage, hugging upper BB

Pro Tip – Strong Trending Environment

One pro tip for determining a strong trending environment is:

One – when price hugs, in this case, the upper Bollinger Band.

Two – when the BB width continues to widen AND the lower BB starts to point upward.

This is the bit most traders miss. They watch price. They watch the upper band. Systematic traders watch the lower band.

Which is what we are currently seeing on RUT.

Bands fanning out. Lower BB curling upward. Textbook trend strength confirmation.

In both cases the Bollinger Bands are still fanning out, which is more pronounced on RUT.

SPX showing it too, but RUT’s the poster child right now.

Current Status: RUT showing textbook trend strength signals

What Happens Next

So IF this continues we are looking at a strong trending move.

Continuation pattern. Trend stays strong. We ride.

And IF the BB width starts to contract we may be about to pause.

Contraction = consolidation incoming. Watch for it.

Current Status: Continuation or pause – bands will tell us

Max Pain Zone

Also as we are back near the middle of the daily range after an attempted break lower – this seems a sensible place for max pain for those bears to be “stopped out.”

Middle of range. Bears who positioned for breakdown now sweating. Sensible stop-out zone.

So if we are to see a push back to retest lows – from approximately here seems sensible.

Otherwise, back to the highs we go.

Binary outcome from here. Retest lows or highs. No sideways nonsense.

Current Status: Max pain zone, binary outcome ahead

Fun Fact:

Since 1928, the S&P 500 has finished Thanksgiving weeks positive 60% of the time with an average return of 0.28% – double a typical week’s 0.14% return. In presidential election years, the numbers jump to 75% positive with an average return of 0.88%.

[Source: Bank of America – via Inc.com – “Thanksgiving Is Great for the Stock Market” ]

Trade well,
T2 Markets

p.s. Want full access to the SPX Income System (includes 7+ mechanical income strategies)? Join our team now!

p.p.s. Want funding to DAY TRADE our options strategies? Discover how you can start trading with up to $250k of RISK FREE capital!