Russell Rocket Leading. SPX Grinding. NFP Day. Pick Your Points. | SPX Market Briefing | 5 Dec 2025

This week we have a clear “Russell Rocket” and Uncle Russell is leading the charge higher while the other indexes drag their collective feet.

With today being NFP day I should imagine that may well change things – and change fast!

SPX grinds after its breakout attempt and has not yet pushed to continue above its breakout high. So awaiting we will continue.

RUT has completed its BO PB setup and is on its own mission to Mars – and is a cat’s whisker from its breakout target. As soon as that is met – Tag ‘n Turn setups are back on the table.

This is indicative of the whole market at the moment – pick your points and wait for your ideal entries.

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SPX Market Briefing:

Friday December sees Russell Rocket leading charge (RUT ahead while other indexes drag collective feet),
NFP day today (may well change and change fast), SPX grinds after breakout attempt (not yet pushed above breakout high – still awaiting),

RUT completed BO PB setup (mission to Mars – cat’s whisker from breakout target),
once RUT target met TnT setups back on table, whole market message – pick your points and wait for your ideal entries.

Current Multi-Market Status:

• SPX: Bullish Above 6810.29, target 6,882 – grinding

• RUT: Bullish Above 2463.62, target 2,541.45 – cat’s whisker!

• ES: 6,881.00 – holding

• RTY: 2,535.30 – leading

• NQ: 25,729.50 – ATH territory

• VIX: 15.73 – subdued

• GC: 4,254.50 – consolidating

• CL: 59.57 – upper channel

Russell Rocket Leading The Charge

This week we have a clear “Russell Rocket” and Uncle Russell is leading the charge higher while the other indexes drag their collective feet.

Small caps showing the way whilst the big boys take a breather. Classic rotation behavior.

Current Status: RUT leading, indexes following

SPX Grinding After Breakout

SPX grinds after its breakout attempt and has not yet pushed to continue above its breakout high.

So awaiting we will continue. The breakout high of 6882 remains the level to clear for continuation. Until then, we grind.

Current Status: Awaiting continuation above 6882

RUT Mission To Mars

RUT has completed its BO PB setup and is on its own mission to Mars – and is a cat’s whisker from its breakout target.

Target sits at 2541.45 and current price is 2523.90. That’s about 18 points away. A cat’s whisker indeed.

As soon as that target is met – Tag ‘n Turn setups are back on the table.

Current Status: Cat’s whisker from target, TnT pending

NFP Day – May Change Fast

With today being NFP day I should imagine that may well change – and change fast!

Jobs data drops at 8:30am ET. Markets positioned, traders ready. Whatever the number says – expect movement.

Current Status: NFP incoming, volatility expected

Pick Your Points

This is indicative of the whole market at the moment – pick your points and wait for your ideal entries.

The message is clear. Patience. Levels. Execution. No chasing.

Current Status: Patient entries, defined levels

Expert Insights

The Observation: When one index leads whilst others lag, the market is telling you something. Uncle Russell’s rocket whilst SPX grinds shows rotation at work – small caps moving whilst large caps digest.

The Fix: Don’t fight the divergence – trade what’s moving. RUT is a cat’s whisker from target with TnT setups waiting. SPX needs to clear 6882 for continuation. Pick your points. Wait for ideal entries. NFP could shuffle the deck entirely – so be ready for change and change fast.

Sidebar thought: Buy the rumor sell the (NFP) news?

Trade well,
T2 Markets

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