S&P Testing Range Top | Here’s What Happens Next

2026-06-30 / Allison Ostrander

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SPX is trading back toward the top of its range, and holiday-week sentiment could give bulls a short-term edge. Instead of chasing price, I break down a risk-defined broken wing butterfly setup that targets the 7550–7600 zone, with a built-in “forgiveness factor” if SPX pushes higher than expected.

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Allison Ostrander

Allison graduated from Stephen F. Austin State University with a Bachelor of Fine Arts degree in Theatre. Wanting to make sure she wasn’t going to be a starving artist while pursuing theatre, Allison took up trading options after seeing her father successfully do the same. What started as an experiment with a paper trading account quickly grew into a passion. She decided to pursue trading full-time while investing in personal coaching classes. As a result, Allison was so successful that she made back her investment in her first trade! After that, there was no looking back.