The S&P 500 Index (SPX) has reached a significant milestone, closing above 6000 points on November 12, 2024, marking a critical inflection point for the market. The spot price surpassed the longstanding psychological and technical resistance level of 6000, which has been supported by high call open interest. Analysts noted that the SPX is currently experiencing substantial positive gamma at this level, suggesting limited movement in the index until after the upcoming Consumer Price Index (CPI) report and options expiration (OpEx) on Friday. The trading environment has been characterized by a narrow range, with the SPX pinned around 6000 points and an active options chain reflecting considerable exposure across both puts and calls. The order book depth for E-mini S&P futures (ES_F) remains low, with a slight edge in bids over offers, indicating a tight market ahead of significant upcoming events, including Nvidia's earnings next week.