Bulls and Bears zone for 01-23-2025Yesterday SPX had gap up opening, narrow range bar accompanied by high volume and closed in bottom half. Just an observation. Level to watch: 6112 --- 6114by traderdan590
WHAT'S FLOWING: FX & ASIA The visual shows a mix of bullish and bearish setups across various assets, indicating a diverse market sentiment. Here’s a breakdown of the flow: Bullish Assets: 1. EUR/CAD - Indicating potential upward momentum, likely off strong support. 2. NZDJPY - Suggesting renewed buying interest around key levels. 3. AUD/CHF - The chart points to buyers stepping in, pushing prices higher. 4. SG30 (Singapore 30 Index) - A strong bullish continuation with new highs being tested. 5. CHINAH (HONG KONG CHINA H-SHARES) - A bullish setup on the daily with fair value above the market. Bearish Assets: 1. SPX500 (S&P 500) - Facing resistance and showing signs of weakness, likely due to profit-taking or risk-off sentiment. Observations: • Gold (XAU/USD) appears range-bound but leans slightly bearish in the short term, with resistance overhead. • Several FX pairs (e.g., EUR/CAD, AUD/CHF) align with risk-on moves, while indices like SPX500 counter the flow. Strategy: • For bullish assets, watch for pullbacks to support levels as entry points. • For bearish assets, monitor breaks below key support levels for short opportunities. • Keep an eye on fundamentals like central bank policies or macroeconomic data, as they could influence these flows. It seems the market sentiment is mixed, with certain sectors showing resilience while others struggle, offering opportunities for both long and short positions depending on your risk appetite.05:00by moneymagnateash111
SPX500The S&P 500 (SPX500) is a stock market index that tracks the performance of 500 of the largest publicly traded companies in the U.S. It covers various sectors, including technology, healthcare, finance, and consumer goods, making it a broad measure of the U.S. economy. The index is widely used by investors as a benchmark for market performance and is influenced by economic data, interest rates, and corporate earnings. Known for its stability compared to NAS100, SPX500 is a key indicator of overall market trends.Shortby HavalMamar0
S&P 500 New All Time High !!!The markets are on fire today with the S&P 500 doing amazing things !! So many people called the top in November and December. They were wrong !! Looking forward to this crazy year continuing !!by CryptoAndy180
Trump: The Catalyst for the Wall Street MovementBy Ion Jauregui - ActivTrades Analyst Yesterday Wall Street closed in green, with the Dow Jones Industrials up 1.24% to 44,025 units, while the S&P 500 advanced 0.88% to 6,049 points and the Nasdaq rose 0.64% to close at 19,756 points. This optimism in the markets was mainly driven by expectations about President Donald Trump's future economic measures. One of the factors that generated confidence among investors was the perception that Trump's tariff policies, which include the possible imposition of 25% tariffs on Mexico and Canada as of February 1, would be more moderate than expected. This, in turn, stimulated risk appetite in the markets, encouraging a positive close for Wall Street's major indices. Traders are likely to be particularly attentive to the president's policies related to public debt, tariffs, taxes and immigration. The U.S. economy relies heavily on steady immigration and relatively cheap labor. The cessation of this immigration flow could lead to price increases in various sectors, which would increase inflation. In addition, the mass deportation of immigrants could lead to an increase in labor demand and, therefore, a rise in wages, which would also have an inflationary impact. On the other hand, the trade agreement between Mexico and Europe was also on investors' radar, given its potential impact on tariff dynamics and international trade. The recent renewal of the trade agreement between Mexico and the European Union could ease some of the trade tensions that had been worrying markets. This agreement strengthens economic ties between the two regions, which could partially mitigate the negative effects of the tariffs imposed by Trump. At the same time, it improves the outlook for European and Mexican companies that depend on smooth trade, which ultimately benefits global investors as well. On the corporate front, the shares of some of the major technology companies benefited from the good market climate. Nvidia (NVDA) and Amazon (AMZN) rose 2%, while Alphabet (GOOGL) advanced 1%. However, Apple (AAPL) experienced a 3% drop after receiving a downgrade from two analyst firms. By sectors, industrials (+2.03 %) and real estate (+1.83 %) led the gains, while the energy sector closed negative with a 0.64 % drop. Among the 30 largest listed companies in the Dow Jones, 3M (MMM) and Caterpillar (CAT) were the main gainers, with increases of 4.16 % and 3.58 %, respectively. In the commodities markets, US WTI fell by 2.5 % to 75.89 dollars per barrel, while gold rose to 2,757 dollars per ounce. The euro maintained its exchange rate at 1.0427 dollars. In summary, investor optimism on Wall Street was driven by the expectation that Donald Trump's economic policies, especially regarding tariffs and immigration, could be less stringent than anticipated. In addition, the renewal of the trade agreement between Mexico and the European Union brought an additional dose of stability to the market. However, risks stemming from the uncertainty surrounding these policies remain a key variable to follow in the coming weeks. ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk. Longby ActivTrades1
Key Week: Trump takes office and Davos kicks offThis week, two events dominate global attention: the inauguration of Donald Trump as president of the United States and the start of the World Economic Forum in Davos. Both promise to set the political and economic agenda for the coming months, with significant implications for financial markets and international relations. Both scenarios promise to generate volatility due to the implications they have, whether for the first executive orders of the new U.S. administration or for statements by world leaders in Switzerland. Trump and His First Mandates: A Full-Speed Start The presidential takeover in the United States was formalized yesterday with the arrival of Donald Trump to the White House. In a start marked by immediate action, the president signed more than 200 executive orders, underscoring his intention to swiftly execute his policy agenda. These initial measures cover areas such as the economy, trade, energy and immigration, and are designed to fulfill the promises that marked his presidential campaign. Notable measures include halting regulations in the energy sector designed to encourage domestic oil and gas production, and initiating the renegotiation of key trade agreements aimed at strengthening the competitiveness of the U.S. economy. These actions underscore the “America First” approach, seeking to reposition the United States as a global leader under new trade conditions. However, these decisions have generated mixed reactions both at home and abroad. While his supporters interpret them as a firm fulfillment of his campaign promises and strong leadership, while the more critical ones warn about the possible repercussions on the global economic balance and international diplomatic relations. Davos Forum: A Platform for Global Dialogue Simultaneously, in Switzerland, the World Economic Forum kicked off in Davos, an annual event that brings together political, business and social leaders from around the world, held this year under the theme “Collaboration in a Fragmented World.” This year, the forum is marked by a global context of uncertainty. Political, business and social leaders are gathering to discuss crucial issues such as sustainability, energy transition and digital transformation. Trump's initial prominence has generated uncertainty in the discussions overshadowing part of the agenda. Leaders from Europe, Asia and Latin America are adjusting their strategies to face possible changes in trade and global diplomacy in the face of the possible implications of U.S. policies. Of particular note are the expected interventions of Chinese President Xi Jinping and European Commission President Ursula von der Leyen, who are seeking to position their regions in the face of the new U.S. approach. The forum reflects an urgent need for international cooperation at a time when political and economic tensions challenge the global order. However, concrete responses will depend on the ability of leaders to coordinate actions in the face of common challenges. Market Impact: Volatility and Mixed Expectations Markets have reacted with mixed movements to the confluence of Trump's mandate and the start of the Davos Forum. In the United States, sectors such as banking and energy have shown significant gains, driven by expectations of deregulation and economic stimulus from the new administration. On the other hand, US Treasury bonds recorded slight declines, reflecting greater risk aversion among investors in the face of political uncertainty. In Europe, stock markets have shown a stronger performance, with value markets leading the rally in more traditional equities, outperforming their US peers, while in Asia, indices have maintained a cautious tone. Commodities have also been strong performers, especially oil, which is up 1.7% on expectations of increased global demand. Agricultural products, such as corn, have also strengthened, anticipating possible imbalances in the global economic cycle. From a technical perspective, the S&P 500 is at a critical point within a bearish channel. A breakout to the upside could mark a shift to a more optimistic trend, although sentiment indicators remain ambiguous: while retail investors show extreme enthusiasm, other general confidence indices point to a more conservative approach. Europe as a Strategic Haven Although the outlook remains fraught with uncertainty, Europe presents itself as an attractive option in the near term, especially with the optimism surrounding its value markets. As global leaders set the economic tone in Davos and U.S. policies take shape, investors should keep an eye on key indicators and technical movements in the major indices. As leaders in Davos set the tone for 2025 and the Trump administration moves forward with its policies, investors should keep an eye on key indicators and technical signals in the major indices. It will undoubtedly be a week loaded with information and events that will test the markets' ability to adapt to an ever-changing environment. Conclusion The week is marked by two events of major global significance: the start of Donald Trump's term in office and the Davos Economic Forum. Both have set in motion dynamics that could define the course of politics and the global economy in 2025. As markets navigate between volatility and expectation they face a week loaded with crucial information and events, the focus will be on how these developments will impact international relations and the outlook for economic growth globally. The challenge will be to adapt to a constantly changing environment, balancing risks and opportunities in an increasingly complex global scenario. Ion Jauregui - Analyst ActivTrades ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk. by ActivTrades1
S&P 500 LONG Following Trumps inauguration, President Trump didn't speak on his supposed tariff hike which caused the DXY to sink and the futures market to remind steady.Longby louis22090
SELL SPX *I am in no way a financial advisor and you should always do your own due diligence before placing any trade. Do not trade what you are not comfortable with losing. No trade is guaranteed. Sell SPX stop loss: 6025 Take profit: 5783Shortby DarthGhxst0
S&P 500: Bullish Outlook for Next Week, Targeting 6050 - Key Insights: The S&P 500 is on the brink of a bullish breakout, with strong support at 5900 and market sentiment leaning positively due to easing inflation fears. The index is currently testing critical resistance at 6000. Sustaining above this level could lead to further upward momentum. - Price Targets: - Next week targets: T1: 6050, T2: 6100 - Stop levels: S1: 5900, S2: 5850 - Recent Performance: The S&P 500 has seen a notable rally, bouncing off the 5750 support level and showing strong overall performance this week. The current price at 5996.66 indicates bullish trends, and market confidence appears to be returning. - Expert Analysis: Analysts maintain a cautiously optimistic view for the S&P 500, highlighting strong technical patterns and positive economic indicators. If the index can hold above 6000, this could trigger further gains and reinforce bullish sentiment. - News Impact: Recent economic releases regarding consumer sentiment and inflation have positively impacted market dynamics. The upcoming earnings season, featuring major companies like Netflix and Johnson & Johnson, could influence market sentiment. Additionally, speculation around President Trump's inauguration and potential economic policies adds to the bullish outlook, but traders should prepare for possible volatility in light of the Federal Reserve's interest rate decisions.Longby CrowdWisdomTrading0
FIRE Plays: Riding the Uptrend Wave with Precision! Hey Traders! 👋 The market is heating up, and emotions are running high. Greed is in the air, and it’s time to channel that energy into smart, calculated moves. Let’s talk about a setup that’s too good to ignore—a classic uptrend channel that’s screaming opportunity. But remember, even in the heat of the moment, discipline is key. Here’s how to play it: The Setup: Uptrend Channel in Focus 📈 We’re looking at a beautifully improving uptrend channel, and price action is respecting those levels like clockwork. The higher highs and higher lows are telling us one thing: the bulls are in control. But don’t let FOMO (fear of missing out) cloud your judgment. This is where strategy trumps emotion. Key Levels to Watch 🎯 6.100 Level – The Profit Zone 🚀 This is where the party could start to wind down. As price approaches 6.100, it’s time to tighten those stops and consider taking profits. Greed can turn into regret real quick if you overstay your welcome. Lock in those gains and live to trade another day. Support Zones – The Safety Nets 🛡️ 5.922: The first line of defense. If price pulls back here, it could be a healthy retracement before the next leg up. 5.835: The second support level. A bounce here could signal another buying opportunity, but tread carefully. 5.740 – The Correction Zone ⚠️ If price dips to this level, it’s time to reassess. This could be a deeper correction, and you don’t want to get caught in a reversal. Stay patient and wait for confirmation before jumping back in. Why This Works 🧠 This setup plays on the two most powerful emotions in trading: greed and fear. The uptrend channel fuels the greed, tempting you to ride the wave higher. But the key levels act as a reality check, reminding you to stay disciplined and protect your capital. It’s a balancing act, and this strategy keeps you on the right side of the trade. The Bottom Line 💡 The market is a battlefield of emotions, and right now, greed is leading the charge. But smart traders know when to strike and when to step back. Keep an eye on that 6.100 level—it’s your cue to take profits. And if price dips to the support zones, wait for confirmation before making your next move. Stay sharp, stay disciplined, and let’s make those FIRE plays! 🔥 What do you think? Are you riding this uptrend or waiting for a pullback? Let’s discuss in the comments! 👇 Disclaimer: This is not financial advice. Always do your own research and trade responsibly. #TradingView #UptrendChannel #SmartTrading #GreedAndFear #TradeLikeAProLongby stocksfox1
SPX500 - still potential to reach a new higher highHello mates, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trading on the price movement. A key part of my discipline is always setting a Stop Loss when opening a trading position, which ensures every trading is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!Longby QQGuo-Shane1
SPX500 BuysMy main focus is that 4hr BISI which is also an 1Hr BISI by the way. the moment we retrace into that area I'll look for a 5mins to 15mins change of structure then I can take it from there. using the London Am session or New York open session prices. Risk Management is the key to successful trading....Longby cloudy_Blank_0
Analyzing Key Forex Patterns and IndicatorsAnalyzing the SPX500 chart reveals several key patterns and indicators critical for forex trading 1. Support and Resistance Levels: Resistance Zone: The blue-shaded area around the 6,071 level is a significant resistance zone where the price has struggled to break through. Support Level: The horizontal blue line at approximately 5,840 (labeled "SMS") represents a notable support level where buying interest has emerged in the past. 2. Swing High (SH): The red horizontal line marked "SH" around the 6,077 level highlights a failed swing high, indicating a previous peak in price. 3. Price Movements: There is a notable decline from the resistance zone around 6,020 to a low near 5,770, followed by a recovery towards the 6,000 level. 4. Volume: The volume, indicated as "Vol 7.14K" at the top of the chart, provides insight into the trading activity during this period. Potential Effectiveness of this Technical Signals: Resistance Zone: If the price breaks above this level with strong volume, it could signal a bullish trend continuation. However, failure to break through may indicate a reversal or consolidation. Support Level: Maintaining above this support level is crucial for a bullish outlook. A break below could signal a bearish trend and further downside potential which the break has occured. Swing High (SH): The swing high at 6,020 serves as a reference point for potential resistance. Approaching this level again will be a key area for observing either a breakout or a reversal. These technical signals are effective in predicting market movements as they reflect historical price action and trader behavior. However, they may fail due to unexpected news, economic events, or changes in market sentiment that can cause deviations from historical patterns. In summary, the chart offers valuable insights into support and resistance levels, swing highs, and price movements, which are essential for making informed trading decisions in the forex market. by BFUFX_MARKETS0
US100 Breakout Incoming US-500 Analysis Weekly Chart Overview • Trend: The US-500 is firmly in an uptrend, trading within a larger ascending channel since July. Price action continues to respect this channel, with the most recent weekly candle forming a bullish engulfing pattern off a key Fibonacci retracement level. • Volume Profile: Price remains in a medium-volume zone, with the weekly POC at 5,562, marking a critical level of interest for institutional participation. • Indicators: • EMAs: All EMAs are aligned upward with significant spacing, highlighting the strength of the current trend. • Ichimoku Cloud: Price is well above the weekly cloud, confirming bullish momentum. • RSI and MACD: RSI has climbed from 53 to 59, aligning with the recent bounce, while MACD shows waning bearish momentum, supporting a potential continuation of the uptrend. • Fibonacci Insights: • The retracement from the 5th August to 2nd December wave suggests the 0.236 level played a role in the recent bounce, indicating that the current higher-low formation aligns with broader trend dynamics. • Using the breakout point from 9th September, the 38.2% retracement level aligns precisely with the recent reversal, providing additional confluence. Daily Chart Overview • Trend: On the daily chart, price action has been in a consolidation phase since breaking below an ascending channel on 17th December. However, the price has repeatedly bounced off a daily order block at 5,874 to 5,828, establishing a robust support zone. • Key Developments: • Recent price action shows a breakout above the daily POC at 5,919, with the price now above the 20 EMA and 50 EMA. • Bollinger Bands: Price is within the upper band, signaling renewed strength. • Fibonacci Insights: • The bounce aligns with the 0.786 retracement level, suggesting the potential formation of a higher-low structure, which is often a precursor to trend continuation. • Fibonacci retracements and extensions provide insights into market liquidity levels, where institutional activity is likely to cluster. • Indicators: • RSI is back above 50, confirming a shift in momentum. • MACD has turned green, and CMF is positive at 0.03. • ADX at 30.57 shows a weakening bearish trend, while DI lines converge, indicating diminishing bearish pressure. 4-Hour Chart Overview • Trend: Price action recently broke out of a descending wedge, which had been characterized by lower-lows and lower-highs during the consolidation phase. This breakout aligns with bullish sentiment seen on higher timeframes. • Key Levels: • Price is testing a daily order block, showing initial rejection, with potential for short-term retracement. • Fibonacci extensions reveal the move has reached a 100% retracement of the previous downtrend, a critical level for monitoring potential liquidity grabs. • Indicators: • RSI is at 67.93, nearing overbought territory, suggesting possible short-term exhaustion. • MACD remains above zero, though bullish momentum is waning. • CMF is increasing at 0.16, signaling accumulation. Exclusive Indicator Insights Our custom indicators provide a critical edge in identifying key zones: • Weekly Buy Region: The first green bar since consolidation appeared last week, signaling a shift in sentiment and potential alignment with broader bullish momentum. • Daily Buy Region: Currently unshaded, reflecting a lack of confirmation on the daily timeframe, underscoring the importance of higher timeframe alignment. Summary and Outlook • Weekly Chart: The higher-low formation, supported by Fibonacci retracements and a bullish engulfing candle, points to strong bullish momentum. • Daily Chart: The breakout above the POC and key EMAs signals a potential end to the consolidation phase, with order blocks and retracements offering critical areas to monitor. • 4-Hour Chart: While the breakout is promising, near-term corrections are possible as the RSI approaches overbought levels and momentum wanes. Stay Tuned Our exclusive indicators, particularly the Weekly Buy Region and Daily Buy Region, are designed to highlight actionable zones with precision, making them invaluable tools for indices like the US-500. Stay connected to our Minds channel and follow our ideas to gain access to specific entries and further updates as we refine our setups. Longby EliteMarketAnalysis0
S&P 500 Hyperwave ScenarioIn a hyperwave scenario, where each phase achieves approximately the same return in half the time, the S&P 500 would be at around 8500 in August. An invalidation of this scenario would be a lasting break in the trendline and the target would be the base, which does not have to be reached.Longby ramon_markiewitz0
SP500 OUTLOOKActually SP500 is in a range because there's no break of any maximum or minimum. By the way, price has react on a discount level and it shows the firs sign of strenght. The periferic scenario is still long that's why I'm waiting for a break of this range and waiting for take a long position. On my analysis I've show you 2 possible scenarios. Let's wait and have a nice trading Longby NikoLyze0
US500 trading I deaAlso us500 it breaksout wait for pull back to demand zones for possible knew highs aswell,I just decided to share 4 of them soo that you can pick the one that is good for your mental health 😉 😊 soo please trade responsible trading is risky you might loose all your capitals enjoy...Longby mulaudzimpho0
US 500: Poised for Growth After Minor CorrectionUS 500: Poised for Growth After Minor Correction US500, following its recent correction, has formed—or is in the final stages of forming—a five-wave structure to the upside. Next, I anticipate a minor corrective pullback (3 waves down), likely aligning with key Fibonacci retracement levels. Once the correction completes, I expect the upward trend to resume.Longby The_Traders_Memoirs0
Will it be great again?Markets are also looking ahead to Monday's inauguration of President-elect Trump for potential clarity on forthcoming policy changes. US Stocks Post Strong Gains. All signs point to a possible break in resistance levelsLongby Super_B_XinR1
SPX: MTF Cluster Support at 5,810 with EMA Confirmation StrategyCurrent Technical Setup The SP:SPX is testing a significant cluster support level at 5,810, identified by FibExtender Pro with multiple timeframe confluence. The price has shown a clear reaction at this level, making it a potential launching point for a bullish move. Entry Conditions Primary Triggers Required: 8 EMA crossing above 34 EMA on 30-minute chart (currently bearish) Price breaking above last swing high at 5,850 Price holding above cluster support at 5,810 Price Targets First target: 6,000 (psychological level and major cluster resistance - 4 levels) Second target: 6,170 (cluster resistance - 3 levels) Risk Management Stop Loss Parameters: Place stops below 5,810 cluster support Exit if price fails to hold above EMAs after entry Cancel setup if entry triggers aren't activated Timeframe Analysis 30-Minute Chart: Currently bearish configuration 8 EMA below 34 EMA Waiting for bullish crossover and Price breaking above last swing high at 5,850 Weekly Chart: Strong bullish structure Moving averages stacked positively 5,810 cluster support adds confluence 50 EMA > 200 EMA (bullish) Time-Based Considerations The January 13 time cluster provides an additional layer of confluence for potential trend reversal. This timing aligns with Fibonacci principles suggesting higher probability setups when time and price zones converge. Special Notes The mixed signals between timeframes require patience. The weekly chart provides a strong bullish foundation, but entry must wait for 30-minute confirmation signals to align. The setup becomes invalid if price breaks below cluster support without triggering entry conditions.Longby TradeVizionUpdated 0
[b]SA Markets – January 17th, 2025[/b]Market Overview: Asia: Markets started red but turned green later in the day. China: Up for the fourth consecutive day. Nikkei (Japan): Trading in its lower range with a slight bounce, but not significant. Europe: EU50: Reached an all-time high, coming out of a long base stretching back to March 28th, 2024. Positive sentiment driven by lower inflation data and expectations of reduced rates. Germany and France: Both showing strength, with Germany also reaching a new all-time high. STOXX 600: Still trading below the range it has been stuck under since May 15th, 2024. Bitcoin and Cryptocurrencies: Bitcoin: Trading above $100,000, currently at $102,000. Last time it was at this level (January 6th), it was quickly rejected. Ethereum: Third inside day. Solana: Testing highs from January 6th, with news that it might be included in Trump’s reserve holdings. IBD 250 Pre-market: Mixed bag with some red names but many showing green and gapping up pre-market. Screener Results: 20% Gainers (Past Week): 31 names, led by Constellation Energy . Sectors include health technology and commercial services. 8% Gainers (Past Week): 294 names, with notable strength in luxury names, Bitcoin-related stocks, and finance. Louis Vuitton: Stands out, up 10%. 8% Losers (Past Week): 156 names, including Toyota , Porsche , Las Vegas Sands , Snap , and GameStop . Dominated by health technology, electronic technology, services, and utilities. 20% Losers (Past Week): 31 names, primarily in health technology. Notable losers include Moderna and FDA Aviation . ETF Highlights (Yesterday): Strongest: XLU (Utilities), XLRE (Real Estate), and Broker-Dealer ETFs. Weakest: Regional Banks, Oil, and Uranium ETFs. Additional Observations: Rate-sensitive sectors showed strong performance yesterday, benefiting from recent inflation data. RSP (Equal-Weighted S&P): Above the 50 EMA, showing strength and indicating that breadth is holding up despite weakness in large-cap names. VIX: At 16, showing an inside day with no major moves lower. Plan of Action: Exercise caution with new trades after several strong days in the market. Await a pullback before adding positions, focusing on names with potential for strong 3-5 day moves. Start small with any new positions as the market might need time to cool off. Upcoming Events to Watch: Monday: U.S. markets closed for a holiday. Next Week: Potential market movements with the inauguration of a new president. Longby GreenBkk0
S&P 500 Update: Key Developments You Should KnowHey everyone! I wanted to share some important insights regarding the S&P 500 Index that could impact your trading and investing strategies. Since July 15, 2024, the daily chart has been forming a rising wedge pattern, a bearish setup in technical analysis. Fast forward to December 17, the pattern completed, and we saw the first signs of a break in structure. Here’s why this matters: When a rising wedge breaks down, previous support levels flip into resistance zones. It’s common to see a retest of the resistance to confirm the zone, and a false breakout can lure retail traders into poor positions before the market reverses downward. Fast forward to today, January 16, 2025— the market just closed below the 50-day moving average, signaling potential weakness. As we move further into the year, it’s crucial to stay vigilant, manage your portfolio carefully, and keep an eye on key technical levels. Remember, staying informed and disciplined is the edge you need in these markets. Hope this breakdown brings some clarity to what’s unfolding with the S&P 500. Catch you next time! Shortby jflanagan2291
Bulls and Bears zone for 01-16-2025Yesterday RTH session price action suggests that traders were cautious. Any test of yesterday's High could provide some sense for the day. Level to watch: 5995 ---- 5993 Reports to look for: US Business Inventories 10am ET US Housing Market Index 10am ETby traderdan590