US500 week ahead: 7,497 to 7,653 is the box, Nvidia on TuesdaySpot US 500SWISSQUOTE:US500MeliusCrasLast week in one line: a 300 point range, 7,349 to 7,653, two failed pushes at the top and a Friday that gave back more than 100 points into the close at 7,543. We start the new week in the middle of the box, which means the first job is patience. The map Resistance 7,600 to 7,615: Thursday's close and the 20 day average. First test for any bounce. 7,648 to 7,653: the double top from Wednesday and Thursday. Every push there got sold. 7,700 to 7,735: late October congestion. Only in play after a clean break of 7,653. Support 7,497: Friday's low, where the selling paused. 7,470: Tuesday's low. 7,350 to 7,370: last Monday's open and the 200 day average. The big line underneath. Scenarios Bull: reclaim 7,600 on an hourly close, then 7,653 breaks with a catalyst behind it. Targets 7,700, then 7,735. Bear: Friday's 7,497 low gives way, 7,470 follows, and price works toward the 7,350 to 7,370 zone. Chop: the 7,497 to 7,615 range holds while the market waits for Nvidia. Expect fake breaks both ways early in the week. The calendar, UTC Mon 13:30: Empire State manufacturing Tue 13:30: retail sales and import prices. Tue after the close: Nvidia earnings, the first report since its founder stepped down as CEO. Wed 13:30: housing starts. Wed 18:00: 20 year bond auction, worth watching with the 10 year near 5.14%. Thu 13:30: jobless claims and the Philly Fed. Fri 15:00: University of Michigan sentiment. How I will trade it Same process as last week. Each morning I map the overnight range and the prior day high and low, set one breakout trigger on each side, and whichever fills first is the trade. The other side cancels. Fixed risk per trade, stops at the structure, no averaging down. Daily setups go up as separate ideas before the US open. Tuesday night matters most. I would rather be flat into Nvidia and trade the reaction on Wednesday than guess the print. Not financial advice. Levels are for education and discussion.