- Solve real problems with our hands-on interface
- Progress from basic puts and calls to advanced strategies
Interactive Options Course
Posted July 29, 2025 at 10:00 am
S&P, yesterday’s close: Settled at 6422.75, down 2.25
NQ, yesterday’s close: Settled at 23,491.25, up 70.00
Yesterday, E-mini S&P and E-mini NQ futures retreated from the higher Sunday night open before buyers reemerged in the final minutes. The E-mini S&P did briefly trade through Friday’s settlement, but that late session strength helped reinvigorate the bullish summer grind, with price action levitating into U.S. hours and the morning’s deluge of earnings. UNH, UPS, MRK, and SPOT are notable companies to have already reported. Each is lower, after leaving something to be desired. We now await BA this morning and V and SBUX after the bell. Additionally, the economic calendar boasts home price data at 8:00 am CT, CB Consumer Confidence and JOLTS Job Openings at 9:00 am CT, updated Atlanta Fed GDPNow at 10:30 am CT, and a 7-year Treasury Auction at noon CT. All of this comes ahead of tomorrow’s Federal Reserve policy decision.
E-mini S&P and E-mini NQ futures are testing major three-star resistance this morning at 6445 and 23,610, which are 100% extensions of recent ranges in which we deemed critical. The E-mini S&P settled right at the major three-star support pocket of 6420.25-6425, and this will continue to stand as first support and a major three-star level. First key support in the E-mini NQ will also be yesterday’s settlement at 23,491. Price action is currently out above our Pivot and point of balance, and we will closely monitor these levels; any surrender could reintroduce a similar trade to midday yesterday. Additionally, a hold above these levels at…
Want to read the Full Article? Unlock full technical breakdowns and our daily take on crude, metals, livestock, grains, and equities—sign up through the portal today and don’t miss a move.
Follow us on Twitter: @BlueLineFutures
Follow us on Facebook: Blue Line Futures Facebook page
Subscribe to our YouTube channel: Blue Line Futures YouTube channel
—
Originally Posted July 29, 2025 – Grinding Higher: Bulls Hold the Line Ahead of Fed Day
Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results. The information contained within is not to be construed as a recommendation of any investment product or service.
Information posted on IBKR Campus that is provided by third-parties does NOT constitute a recommendation that you should contract for the services of that third party. Third-party participants who contribute to IBKR Campus are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services offered, their past or future performance, or the accuracy of the information provided by the third party. Past performance is no guarantee of future results.
This material is from Blue Line Futures and is being posted with its permission. The views expressed in this material are solely those of the author and/or Blue Line Futures and Interactive Brokers is not endorsing or recommending any investment or trading discussed in the material. This material is not and should not be construed as an offer to buy or sell any security. It should not be construed as research or investment advice or a recommendation to buy, sell or hold any security or commodity. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.
Futures are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading futures, please read the CFTC Risk Disclosure. A copy and additional information are available at ibkr.com.
Related Articles
Join The Conversation
For specific platform feedback and suggestions, please submit it directly to our team using these instructions.
If you have an account-specific question or concern, please reach out to Client Services.
We encourage you to look through our FAQs before posting. Your question may already be covered!