6,000 Level Key Area for SPX to Hold With FOMC, Israel-Iran Conflict

Below 6000, Kevin Green says there's a significant gap to the downside for the S&P 500 (SPX) if any negative headlines weigh on the markets. He adds that typical FOMC trading days stick to a limited range ahead of the announcement, with the market direction taking its cue after Jerome Powell's commentary. KG says there's a 1.3% implied move, but also believes there will be lighter volume on the SPX options front as investors await Fed clarity and developments from the Israel-Iran hostilities. Later, he examines the technical layout for Natural Gas (/NG) which indicates a possible bullish run developing this summer.

Morning Trade Live

18 Jun 2025

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