SPX - Summer of painSPX has topped on a weekly timeframe and should give a ~10% drop. Now, it is highly likely that we are also seeing a top of much higher degree from '08 lows, but will judge that for later. Step by step. SP:SPX Shortby ponzialchemist2
S&P 500 Daily Chart Analysis For Week of June 7, 2024Technical Analysis and Outlook: In this week's trading, the S&P 500 hit our anticipated resistance level of 5323 and retested the completed Outer Index Rally of 5342. The index is prone to drop to Mean Sup 5325 and possibly to the next level of Mean Sup 5285 before continuing its journey to the next Inner Index Rally 5408.by TradeSelecter2
What happens when everyone's looking at the same trendline?I think we overthrow the trendline for a massive bull trap.Longby OptiPulseUpdated 2
SPX W Long JUN 5 2024Daily - Rejection of 5,257 + continuation to the upside 4h, 1h, 30m - Break/Retest of level 15m - candle rejected but closed above support at 5,300 RN 5m - ENTRY - Break of fakeout top wick candle, signaling continuation to the upside. Target - 2.5:1RR Actual - 2.2:1RR Fundamental - PMI +Longby popesalmon2
SPX500 trading in bullish channelThere was some volatility in the market last week. Nevertheless, the SPX500 is trading in a bullish area. The longer this is maintained and the RSI remains above 50 the greater the likelihood of higher prices ahead. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com) : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com) : Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.Long03:18by FXCM1
$SPX Trading Range for 6.10.24 for Day Traders SP:SPX Trading Range for 6.10.24 for Day Traders So I am looking for a way to get the transcripts from my nightly video on to here but for tonight no success so if you need the video walkthrough it’s on tonight’s the video. I will work on that for sure, though!! No economic data today, but Wednesday we have CPI & FOMC, Thursday we have PPI, and Friday Consumer Sentiment and Industrial Inflation Happy Trading today, y’all!!Shortby SPYder_QQQueen_Trading1
SPX: jobs data aheadThe S&P 500 Index saw modest gains during the previous week, closing the month at the level of 5.277. The index marked an increase of 4.8% for the month. The index started the week with some volatility, starting the week with a decline to 5.306, then rebounded and maintained a generally positive trajectory. Still, year-to-date, the index gained 11.3% reflecting strong performance relative to the broader market trends over the year. Certainly, there has been some investor nervousness prior to the release of the PCE data, however, as there were no surprises on this side, the market optimism was brought back. It especially cherished Nvidia`s positive earnings last week, whose price was up by nearly 27% for the month. Another interesting data from the stock market showed that companies included in the S&P 500 repurchased more than $202 billion of their own stocks during the Q1, while analysts are noting that this trend might continue also during the course of this year. The developments from the last two weeks are showing that the index went out from the overbought momentum. There is probability for a short reversal, but it might take even a few weeks until the index enters into clear oversold momentum. A week ahead brings US non-farm payrolls and unemployment data, which might increase volatility. by XBTFX7
SPXUSSPX500 Tendency the price is under bearish pressure between 5,309 and 5,319 Turning level : The turning level between 5,309 and 5,319 so as long as the price below this level, there will be a bearish trend resistance level : Breaking the turning level 5,319 , the price will rise to 5,342 as long as the price stabilize this level , there will be a new peak support level : The trading stabilizing below 5,309 the price will reach the support level of 5,241 and 5,193, and under this level it will reach 5,174 corrective level : price will attempt between between 5,309 and 5,319, correct itself before falling Shortby ArinaKarayi2
S&P 500 BearishUS Stock market is taking a break from the bullish aggressive push and soon it will be reflected in $S&P500 index. Immediate area of demand as shown in the chart above ********************************* Do your own research. Use a stop loss by alonso7801
Still more upside for SPX500USDHi traders, Last week SPX500USD went more up just like I've said in the outlook. Next week we could see more upside for this pair. Trade idea: Wait for a correction down on a lower timeframe and change in orderflow to bullish to trade longs. If you want to learn more about wave analysis, please make sure to follow me, give a like and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals. Don't be emotional, just trade! EduwaveLongby EduwaveTrading1
SPX seem like have another 30% growth. Before it.. 5/June/24SPX500 chart seem like will have another potential gain of 30.5% +/- ( from 5075 +/- till 6600 +/-) up until US election by SteveTan1
SP500 Index Technical AnalysisSP500 Index Technical Analysis The SP500 index appears poised for a retest of the 5320 level. A break below 5320 would likely lead the index to touch 5301. Bullish Scenario: For the bullish trend to continue, the price must stabilize above 5347. If it does, the next target will be 5375. Breaking through 5375 could lead to new record highs. Bearish Scenario: If the price trades below 5347, it indicates a potential drop towards 5320. A breach of 5320 could further lead to 5301. Stabilizing below 5301 would activate the bearish area, with the next target at 5260. Key Levels: - Pivot Line: 5347 - Resistance Levels: 5378, 5400, 5423 - Support Levels: 5320, 5301, 5260 Today's Expected Trading Range: - Support: 5301 - Resistance: 5375 In summary, maintaining a position above 5347 favors a bullish outlook, aiming for higher resistance levels. Conversely, trading below 5347 suggests a bearish trend, with potential support targets at 5320 and 5301.by SroshMayi2
PARALLEL CHANNEL IDEA $SPXThere are about 3 parallel channels we can find on this chart from log, to auto and even a much larger channel from decades past that all line up to today. I am using this channel as my first line of Resistance. Rejecting this channel on the multi year time frame. Bearish divergence on the weekly / monthly TF. RSI & MACD have rejected the MA after a retest on the Weekly TF. Invalidation here is very easy.. You break above this channel and confirm.. You have .4 to .5 % if you are to reach that trend line from here. However, you have quite a few reasons that we could stop and top out here and reject ...... I will post another channel I have later. by Enacker1
Bulls and Bears zone for 06-06-2024S&P has been moving upwards this week and made a New ATH yesterday. Any test of yesterday's Close could provide some direction for today. Level to watch: 5364 --- 5362 by traderdan591
SPX500Pair : SPX500 Index Description : Break of Structure and Retracement RSI - Divergence Falling Wedge as an Corrective Pattern in Short Time Frame Consolidation Phase Completed " 12345 " Impulsive Wavesby ForexDetective2
short the marketspx supposed to go upper more but a lot of data shows that inflation will hold the interest rate high for a long. This will effect the market to go back where it came from. I see some massive decline since it used much of power to be bullish. Bearish trend will be created soon. Shortby illuminating_tradeUpdated 112
Hellena | SPX500 (4H): Short to 38.2% Fibo lvl 5205.Dear colleagues, I think that the price has either already completed or is about to complete the impulsive movement in wave “1”, so I expect the beginning of correction at least to the area of 38.2% Fibonacci level 5205. It is quite possible that the price will update the high and reach the area of 5375 before starting the correction. Manage your capital correctly and competently! Only enter trades based on reliable patterns!Shortby Hellena_TradeUpdated 282862
S&P500: Don't expect any sizeable correction any time soon.The S&P500 index is on very healthy bullish levels on the 1D timeframe (RSI = 63.385, MACD = 146.190, ADX = 48.596) showcasing in the best possible way the bullish bias of the long term trend and pattern, which is a Channel Up. This month's pullback is perhaps the best buy entry we can have as in relative terms based on the 1W CCI, the index is printing a consolidation phase similar to August-October 2020. As long as the 1W MA50 is in support, we expect the Channel Up to gradually rise in the same manner as then and by early 2025 possibly hit the 1.618 Fibonacci extension (TP = 6,800). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Longby InvestingScope13
Combo?Flat + X + Zigzag A downward impulse could be underway to complete a flat pattern, which would be only the first part of a Flat+ZZ combination, so then a zigzag to the upside making a new ATH, so that then a sharp, violent zigzag completes the sideways pattern by August. Or not!...by mikeoakster1
S&P 500I have discussed about the bullish patterns seen in this chart. Buy above 5310 with the stop loss of 5300 for the targets 5330, 5350 and 5380. Sell below 5290 with the stop loss of 5300 for the targets 5280, 5260 and 5240.03:25by vanathiUpdated 5
Hindenburg Crash Signal on US Stock Market Triggered !Throughout history, major crashes in the US stock market have been proceeded by a Sell Signal in a technical indicator known as the "Hindenburg Omen" Last week, the "Hindenburg Omen" triggered a potential crash signal on the market based on the 4 criteria of volume,volatility, momentum, and trend indicators that it follows. The McClellan Oscillator's NYSE move below the "zero "line last week, triggered the new potentially ominous signal. Traders are advised to be aware of the current deterioration of technical strength in the market, being masked or disguised by "moon shot" stocks like Nvidea. Market Vane's Bullish Percentage at 69% latest reading shows how super bullish the crowd is. There is almost no fear that the stock market could crash. Ask yourself...Do you know "any" traders thinking about that possibility.. right now ..? THE_UNWIND Woods Of Connecticut 5/29.24 Shortby The_Unwind7
decline directionSPX500USD - Tendency : the price is a decline direction 5,309 - Turning level : The turning level is at 5,309 where price has now stabilized at the bottom - resistance level : Breaking the turning level 5,309 , the price will rise to 5,324 and 5,342 - support level : the price stabilizing below 5,309 the price will reach the support level of 5,275 and 5,249 - corrective level : price will attempt in 5,309 to correct itself before falling Shortby ArinaKarayiUpdated 4
S&P500 - Where will we go next?Hello Traders and Investors, today I will take a look at the S&P500 . -------- Explanation of my video analysis: Fore more than a decade, the S&P500 has been trading in a pretty clean rising channel formation. We had the last retest of support in 2022, which was followed by bullish confirmation and a rally of +45% in 1.5 years. At the moment the S&P500 is neither retesting support nor resistance and the path of least resistance is simply higher. -------- Keep your long term vision, Philip (BasicTrading)Long02:48by basictradingtvUpdated 4436