On February 20, 2025, the S&P 500 Index (SPX) showed signs of recovery, bouncing back over the 6100 level after dipping near 6085 earlier in the day. Traders noted that SPX was 30 points off its low and had held weekly value area support, suggesting a potential normal dip ahead of NVIDIA's earnings next week, which could propel markets higher. The SPY ETF also experienced a rise, moving back to over 610. Market participants are closely watching the 6084-6128 range for a potential breakout, with some expressing interest in whether the index can sustain its gains above 6122. The volatility index (VIX) remained weak, indicating a favorable environment for further upward movement.