The S&P 500 (SPX) exhibited notable trading activity on Monday, February 3, 2025, remaining within a wide trading range established since September 2024. The index held above its upward-sloping 150, 200, and 250-day moving averages, signaling a sustained long-term uptrend. Key levels included a spot price of 5991.57, with a daily low of 5932.95, a 1D Min tested at 5992.56, and a high volatility level (HVL) at 6002.16. Resistance was identified at 6098.95 (Call Resistance ODTE), while dealers were expected to sell rallies above 6040 and buy dips near 6025-6050. Additionally, a significant amount of expiring gamma exposure (GEX) at -29.75M could lead to rebalancing flows.