SPX500 Potential Short!SPX500 made a strong Move upwards and the indice Will soon retest a horizontal Resistance of 5859.42 from Where we will be expecting A local bearish pullback And a move down !by kacim_elloittUpdated 5
Bulls and Bears zone for 11-01-2024Could yesterday's sell off be just like Halloween surprise ? Event though, S&P closed at its Low, but ETH session traders are trying to rally. Level to watch: 5763 --- 5765 Reports to watch: US ISM Manufacturing Index 10:00 AM EST US Construction Spending 10:00 AM ESTby traderdan590
SPX: Critical Levels and Volatility Ahead Amid Key Data ReleasesTechnical Analysis The price is likely to attempt a retest around 5,761 or 5,781, after which a renewed bearish trend could push it toward 5,675 and 5,643. Bearish Scenario: Consistent stability below 5,781 may lead to a downward move targeting 5,732. A 1-hour or 4-hour candle close below 5,732 could activate the next bearish zone. Bullish Scenario: Should the price stabilize above 5,746, some bullish momentum may emerge toward 5,781. However, a reversal with stability above 5,803 would signal potential movement upwards, with targets at 5,824 and 5,850. Further Bearish Continuation: For a deeper decline, the price should establish stability below 5,732 and 5,715, paving the way for a drop toward 5,675. Today’s market is expected to be highly volatile due to the release of the NFP, Unemployment Rate data, and earnings reports, which will likely have a strong impact on indices. Key Levels: Pivot Point: 5748 Resistance Levels: 5781, 5803, 5824 Support Levels: 5709, 5675, 5643 previous idea: by SroshMayi7
SPX rallies should be sold now. Move lower in SPX looks pretty impulsive, so I'd be looking for the 5770 to offer significant resistance now.Shortby ForexAnalytixPipczar4
SPX in monthly (log)Hello community, A quick review of the month on the SPX index. A red candle for this month of October. I have indicated in orange the simple 12-period average (monthly) The price is in the upper part of the channel, I don't see anything alarming on the chart. The trend is still bullish, I prefer to invest my money in the American market, than on the old continent which is very sick! Whether it is Harris against Trump, the new president will have a country in working order to face the future. I have confidence in the USA. Make your opinion, before placing an order. ► Thank you for boosting, commenting, subscribing!Longby DL_INVEST1
S&P 500 Index: First Correction Since July 2023I was just looking at NVDA and the market has been bullish forever. A drop is approaching and I wondered, "Will this be a short lived correction or will it turn into a bear-market?" Good question isn't it? The last correction for the SPX happened between July and October 2023, after that, it has been 100% bullish with some retraces lasting a maximum of three weeks. So it is hard to think of a bear-market. From January 2022 through October 2022 the SPX entered a strong correction, a bear-market, it lasted 280 days. There you have it. How would that look like today? Let's see... Ten months would put us at August/September 2025, can you imagine? These markets are super resilient, and with money printing going on over-drive soon, it is possible that we only experience a correction. A correction can last several weeks to a few months maximum. Big correction or small correction, three weeks or ten months, the SPX is bearish and pointing lower in the coming days, weeks and months. Namaste.Shortby AlanSantana2228
Risk-on Risk-off Market Snapshot, 01/11/2024The market has shifted to a clear risk-off sentiment, with investors moving into safe-haven assets amid mounting global uncertainties. Safe havens like the U.S. dollar, Japanese yen, Swiss franc, and gold are experiencing increased demand, reflecting heightened caution. Geopolitical tensions, particularly in the Middle East and Eastern Europe, are driving this shift, while recent central bank statements signal a focus on economic stability rather than aggressive growth. Equities and riskier assets, including high-yield currencies and speculative investments, are seeing reduced interest as investors prioritize stability and capital preservation in this more conservative market climate Disclaimer: This is not financial advice. The information provided is for general informational purposes only and should not be interpreted as financial or investment advice. Always consult with a professional financial advisor before making any investment decisions.by AfreeBit3
Wave 4 nearing the end 5703 to 5696 wave 5 5935 plusThe chart posted is the cash sp 500 .I sold longs the other day small gain then moved to a 90 to 100 long puts in the money and sold for a nice gain at 4;15 pm as the min abc down was formed . since then we broke hard the timing from july 16 called for a top and drop . so now what is that the TOP TOP I have an issue with it as it was a low bull sediment and A high short term put.call I see this decline as wave ABC down for wave 4 and should hold 5703 to 5696 and then Turn up We are how ever being held back until the new moon at 8.47 am We should see a very strong move in the direction up to see a print min target 5935 to as high as 6118 with 6012 as the most likely price I will how ever be selling LONGs at 5921 and up and buying in the money puts at these prices . Best of trades WAVETIMER 2024 was a great year again $$$ 43 winning trades flat 8 loss 9 by wavetimer118
SPx / Critical Levels to Watch for Bullish or Bearish MomentumS&P 500 Index Technical Analysis: To initiate a downside move, the price needs to stabilize below 5,863. However, any quick break above 5,863 would likely propel the price towards 5,891. Bearish Scenario: Stability below 5,863 would open the path to 5,824 and 5,803. A 4-hour candle close below 5,781 would activate a stronger bearish zone, allowing for further declines. Bullish Scenario: A successful breakout above 5,863 would signal potential for a move to 5,891. A further break above 5,891 would confirm the bullish trend, with an extended target of 5,939. Key Levels: Pivot Point: 5863 Resistance Levels: 5891, 5939 Support Levels: 5824, 5803, 5781 Trend Outlook: Bearish below 5863 Bullish above 5863 and 5891 Shortby SroshMayiUpdated 14
Tech costs hurtingFollowing on from Alphabet’s better-than-expected earnings report on Tuesday evening, Microsoft and Meta Platforms were the next two ‘Magnificent Seven’ constituents to update the market. Both companies reported after last night’s close, and both managed to disappoint investors in slightly different ways. Microsoft beat expectations for both earnings and revenues. But it issued a downbeat outlook for future growth which saw the stock drop 4% in early trade. Meta also posted revenues and earnings above those forecast. But user numbers came in light and the company warned that infrastructure expenses were set to soar due to spending related to generative AI. The stock fell 5.5% on the news, but has pared some of those losses this morning. The news has put investors on edge as they await results from Apple and Amazon after tonight’s close. Other significant earnings reports are due today from Uber and Intel. Meanwhile, Merck was up over 1% after announcing solid third quarter earnings and revenues, helped by sales of its cancer drug Keytruda. Sentiment towards tech hasn’t been helped by the sell-off in Advanced Micro Computers which dropped 8% earlier this week on an earnings miss, and following a slump of 37% in Super Micro Computers after the resignation of its auditors. US stock index futures are on the backfoot this morning, led by the NASDAQ which is down 1%. This follows a negative session yesterday which saw modest losses for all the majors. On the economic data front, today sees the release of weekly Unemployment Claims together with Core PCE, the Fed’s preferred inflation measure. Back in the summer, this hit its lowest level in over three years at 2.6% year-on-year. But it has ticked up since then, which, should it do so again today, may persuade the Fed to hold off from cutting rates in December. The probability of a 25 basis point cut at next week’s meeting is unlikely to be affected, as it stands at 96%, according to the CME’s FedWatch Tool. Yesterday, the first look at Q3 GDP came in at 2.8% annualised, and below the 3.0% expected. But there was an unexpected jump in ADP Payrolls, although it is tomorrow’s official Non-Farm Payrolls which are of greater importance as far as investors are concerned. But investors look slightly rattled for now. Further bad news on tech earnings could see more shredded nerves and a tendency to sell first and ask questions later. by TradeNation1
Going Long on S&P500US500 has reversed the bearish trend respecting a very strong trendline on daily tf, adding a bullish divergence and the formation of HH and HL is the confirmation of an uptrend expected. Therefore going long on US500Longby mustafabaig99Updated 0
Knifecatching for a small retrace?three white soldiers daily support level 4 hr order block support turned resistance not tested yet S2 lvl etc What do you think? Longby FableHart1
SPX at support ahead of critical dataIntraday Update: As the "bias chart" supported has noted the last several sessions, key support is at 5770, and today's lows (as of now) is 5775. With PCE, ECI and unemployment claims and earnings from a ton of major companies like AAPL, AMZN, MA and more later today, this support will be in focus. Shortby ForexAnalytixPipczar6
S&P 500 SELL ANALYSIS RISING WEDGE PATTERNHere on S&P 500 price just form rising wedge pattern and now try to fall so if price break line then trader should go SHORT and expect profit target of 5072.19 and 4584.68 . Use money managementShortby FrankFx141
Market top ? Looking at Divergences here. ES and YM are aligned with NQ lagging and for now showing weakness that could lead to a bearish move lower into the winter months The argument against price action clues here is the election and the macro regime still been bullish long term, which paints the picture NQ will also at some point move to align with ES and YMShortby LochielTrading1
updating my old SPX chartupdating my old SPX chart 1. add retest to MA100 then bounce 2. add retest ma200 and then bounce again 3. tops box = volatility box might hit there but safe it for laterby salvanost1
Trendline BreakWe are observing a price consolidation that has established a trendline. Recently, there was a false breakout at this trendline, followed by a second breakout, indicating a continuation of the bullish trend. Our strategy is to trade only on pullbacks. Longby KenyanAlphaUpdated 0
Bearish engulfing + SP500 divergencesAs I have already posted bearish divergences earlier, now if this week closes as it is now, we have a ready bearish embrace, which is a strong bearish signal.Shortby marcinkwiat19891
Nightly $SPY Prediction for 10.31.2024🔮 ⏰7:30am Challenger Job Cuts y/y ⏰8:30am Core PCE Price Index m/m Employment Cost Index q/q Unemployment Claims Personal Income m/m Personal Spending m/m ⏰9:45am Chicago PMI ⏰10:30am Natural Gas Storage #trading #stock #stockmarket #today #daytrading #swingtrading #charting #investingby PogChan0
Nightly $SPY Prediction for 10.31.2024🔮 ⏰7:30am Challenger Job Cuts y/y ⏰8:30am Core PCE Price Index m/m Employment Cost Index q/q Unemployment Claims Personal Income m/m Personal Spending m/m ⏰9:45am Chicago PMI ⏰10:30am Natural Gas Storage #trading #stock #stockmarket #today #daytrading #swingtrading #charting #investingby PogChan0
US500 evening analysisUS500 technical analysis: Price action since 17 October 2024 looks choppy and consolidative. I'm looking at the possibility of an Elliott Triangle Wave (4), and in this analysis would be wave (4) of ((5)) to complete an impulse off 5 August 2024 low. ((1))>((3))>((5)), so in this case price should not go above 6062.1.by discobiscuit0
Short setup on SPX (x2)After the most recent upward move, the SPX shows clear signs of weakness, suggesting a potential short setup. Since mid-July, the SPX has been moving upward and it's now near its all-time high. However, the RSI Exhaustion at the bottom of the chart has significantly declined and hasn't recovered much, establishing a downtrend. This divergence between the price and the RSI Exhaustion is the first major signal of a possible short configuration. Three additional signs support this setup: The RSI Exhaustion shows recent bullish exhaustion (indicated in green), signaling that further price increases are unlikely. The price has formed a top just shy of its all-time high, as identified by the Bottoms Tops Signal indicator. A major level has formed, as indicated by the Levels and Zones indicator. While this level turned into support, it originated as resistance and could well revert back to it should be price start to drop further. Is the bull run over? Only time will tell, but for now, it's crucial to remain patient and always seek confirmation from the indicators.Shortby a.b1
SPX: s short break? After the winning streak during the last six weeks, the S&P 500 decided to relax a bit during the previous week. The index closed the week 0,3% lower, at the level of 5.808. While tech companies for one more time drove the markets higher, still, healthcare and manufacturing industries slowed down a bit. It should be especially mentioned TSLAs weekly performance, where shares of this company surged by 22%. This was the best performance of the company for the last 11 years, after TSLA posted better than expected Q3 results. The sentiment on the markets was mixed considering increased US Treasury yields and also effects of the hurricane in Florida. This mixed sentiment could continue during the week ahead, considering important macro data which is set for a release. The Fed's favorite inflation gauge, the PCE index and Non-farm payrolls might bring some volatility back to markets in case of any surprises from current market expectations. by XBTFX9