SPX500 eyes on 5792 then 5901: possible TOP at Golden Genesis 2%New record highs again and still going? Might pull back a bit from here, 5792.00 Then likely to hit Golden Geneis at 5901.08 Be VERY careful here, might be some violence. =========================================by EuroMotifUpdated 10
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
S&P500 Bottom expected this week.New bull phase to 6500 startingThe S&P500 index (SPX) has a red 1W candle last week, its first after 6 straight green. This was a much needed technical correction on a rally that has been holding since the August 05 low, while on the longer term it's part of a Channel Up that since last October (2023), hence a year ago, is being supported by the 1W MA50 (blue trend-line). We've identified a similar pattern, essentially an identical price action that started after the March 2020 COVID bottom and extended all the way to the November 2021 peak. It appears that relative to that Channel Up pattern, we are about to complete this week step (e), which on May 17 2021, it priced the 2nd straight red week and then resumed the uptrend. Technically, as long as the 1W MA50 holds, we remain inside a Bull Phase. The symmetry between the two fractals is striking, both have ascended by +43.46% up to step (e). If this symmetry continues all the way to the top, then that could be at a +62.37% rise from the Channel's bottom. As a result, this gives us a 6500 Target (at least) by Q2 2025. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot26
S&P500 Potential UpsidesHey Traders, in today's trading session we are monitoring US500 for a buying opportunity around 5790 zone, US500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5790 support and resistance area. Trade safe, Joe.Longby JoeChampion6
S&P500 Screaming Caution!Bearish Rising Wedge building pressure at the bottom of the structure. BAD JUJU!! Bulls don't be a "dick for a tik" CAUTION!Shortby RealMacro2212
10/28 GEX of SPX for this weekThis week is especially exciting because, on Thursday, we’ll be releasing our automatic GEX level indicator! (Halloween night, yes, very spooky...) Here's a little preview of what’s coming—just a few more days to go, and we can hardly wait! Based on the key aggregated GEX levels valid as of today's market open, we can see that SPX started the week in a positive territory following last week's minor correction. Currently, the gamma profile suggests positive outlooks through Friday as the market opened above the HVL level, which is now at 5820. The primary levels to watch are: Call Wall (5900): This level, with the highest positive Net GEX value, may serve as a strong resistance point this week. As the price approaches this level, upward momentum may slow as market liquidity tends to stabilize movements here. Put Support (5800): This is the key support level where negative gamma presence helps cushion price declines. Should the price dip below this level, moves might accelerate, so it’s worth monitoring movements around 5800. With the gamma profile above the current HVL level (5820), GEX is positive , which can help stabilize the market and support further gains. Observing options market dynamics, this level suggests the direction of momentum, where market participants may anticipate further upside. As we saw last week, this level could mark a point of heightened volatility for SPX! Additional important levels, like the 2nd Call Wall and 2nd Put Wall, can also be seen on the chart, providing potential barriers and support points for price movements throughout the week. Gamma levels are updated multiple times daily and may shift with market moves. by TanukiTrade5
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
SPX 500 I Two areas of potential long opportunity Welcome back! Let me know your thoughts in the comments! ** SPX500 Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!Long02:03by BKTradingAcademy2211
Is SPX500 Poised for an Upward Movement?OANDA:SPX500USD Daily Chart Current Price: 5,812.8 Analysis: Falling Broadening Wedge: Upon analysing the daily chart, the price is forming a Falling Broadening Wedge pattern, which typically indicates a continuation of the prevailing trend. This pattern often suggests increasing volatility, leading to a potential bullish breakout if the price breaches resistance levels. Support Levels: • 5,703.1 • 5,625.0 Resistance Levels: • 5,937.5 • 6,015.6 • 6,097.0 Happy Trading! Stay tuned for further updates and insights.Longby SpicyPipsUpdated 1
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
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
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
SPX updateIn my view SPX current bullish move tp is 5977 then a bearish correction to 5510 area before last bullish wave to final tp 6265 area then massive index crash to 3300 areaby mpd1
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
SP500: Markets watch for JOLTs and corporate resultsThis Tuesday, October 29, 2024, marks the start of a pivotal week for the markets, with several key reports that will define the trend of the coming days. In addition to corporate results and the JOLTs survey, multiple relevant economic indicators will be released throughout the day. Here are the five key highlights for today: 1. U.S. JOLTs survey. Today at 15:00 (Spanish time), the JOLTs survey will be released, revealing the number of job openings in the United States. This report will be crucial to understand the state of the labor market before the expected employment report this Friday. 8.04 million offers are expected, a slight increase from the previous 7.99 million, while job quits are estimated at 3.08 million. These data are crucial ahead of the employment report to be released on Friday. 2. Corporate results Some of the major companies reporting their results today include Banco Santander, Alphabet, Pfizer and AMD. These reports will have a strong impact and these results are expected to set the pace for the market, particularly in key sectors such as technology, pharmaceuticals and banking. Additional note: Who are the “Magnificent 7” backing? In addition, the tech giants, known as the “Magnificent 7” (Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta and Tesla), have been in the spotlight for their financial support of the U.S. presidential campaign. Kamala Harris has received majority support from these companies, with the notable exception of Tesla, given Elon Musk's open support for Trump, which stands out in the political donation charts. This endorsement reinforces the influence of techs not only in the markets, but also in the political arena. 3. Volatility in cryptocurrencies and commodities. Cryptocurrencies continue to show volatility, with Bitcoin trading around $71,000 and Ethereum at $2,600. In addition, gold futures are holding around $2,763, while U.S. coffee is trading at $252. 4. Asian movements Asian indices show mixed signs, with rises in the Nikkei and Hang Seng, while the Shanghai Composite slips 0.8%. In Japan, job-to-applicant ratio (1.23) and unemployment rate (2.5%) figures were released, both in line with expectations. 5. European Movements and Wall Street Today In Europe, highlights include the GfK consumer confidence index in Germany (-21) and Eurozone quarterly GDP (0.2%). In the United Kingdom, data such as mortgages and consumer credit will be released. On Wall Street, the previous day closed in positive territory, with the S&P 500 (+0.2%) and the Dow Jones (+0.6%) standing out. In addition, in the US, the Redbook index and the Conference Board's consumer confidence index will also be published. 6. Debt auctions and other financial indicators During the day, several countries will hold debt auctions, including Japan, New Zealand and the US, with a special focus on the US 7-year bond auction. In addition, reports related to inflation in the US will be released, as well as weekly API crude oil stocks. S&P 500 (AT Ticker: USA500) S&P500 has been moving in the 5,832 points area this week with a bearish presence. Although its long term channel continues to have bullish presence and is moving above the middle zone of its long term channel, it currently appears to be generating a sideways movement since October 14 indicating this indecision in the US market regarding the election. JOLT survey data could extend the value above the current high. The RSI is indicating 58.08% and has been below the 200-day RSI average of 61.40%, this may be indicating that the market is undecided on a possible Trump victory despite consistent support from the magnanimous 7 for a Democratic party that does not appear to be convincing the majority of voters. The strong trading area of the checkpoint (POC) is located in the area of 5,636 points, so a correction could be anticipated this month in the direction of 5,700 points if today's data does not accompany. The day is marked by a series of events that could generate movements in the markets, with the JOLTs survey and the results of important companies as key factors for investors. Ion Jauregui - ActivTrades Analyst ******************************************************************************************* 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. ULongby ActivTrades2
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
S&P 500 prospects A significant number of companies in the S&P Index are invested in developing and innovating, especially in the technology sector. With the development of artificial intelligence (AI), we expect to see not just growth, but a real boom in the market, as AI promises to revolutionize many industries. The changes associated with AI can affect the efficiency of business processes, the creation of new products and services, and the competitiveness of companies. In addition, current economic policies characterized by low interest rates play a key role in this scenario. Low rates make the cost of borrowing much easier, which stimulates both economic activity and investment. Businesses can expand, invest in research and development, and at the same time consumers can afford to spend more, further supporting economic growth. This combination of factors, from the innovative power of tech giants to favorable monetary policy, creates a unique environment for significant growth in the S&P 500 Index. Investment in AI is expected to not only increase, but also lead to the creation of new markets and business models, which could provide sustainable and long-term growth for the economy and, by extension, for stocks. Analyzing the current market trends through the prism of technical analysis, we notice that the chart shows a structure resembling the formation of the fifth wave within the Elliott Wave Theory. Our forecasts and mathematical calculations indicate that this wave may peak at approximately $6100. In addition, we observe that market prices are firmly positioned above the significant level of the 200-day exponential moving average (EMA), which is traditionally considered a sign of an uptrend or bull market. This indicator emphasizes the stability of the current uptrend. Additional confirmation that the $6,100 level is a promising level for profit taking is the extended Fibonacci level of 1,618. Best wishes, Horban Brothers.Longby horbanbrothers4
S&P, Bullish Parabolic Move comingS&P, is consolidating in a tight range. I'm expecting breakout of inner rising wedge by 5th November, i.e. the Election result date. Followed by Parabolic move upwards. The top end of the channel is around levels of 7500. Refer to my previous posts, i have posted bullish view of equities and precious metals If you like this idea, kindly boost and subscribe. :)Longby coding_thoughts444
Short S&P 500 at current levels. My Stop 5854 Bearish momentum on all intraday timeframes. It was selling off in pre-market but finding support each time. Not so sure that it will find much support today. 5787 TP 0.84% price fall from current levels Shortby Easy_Explosive_TradingUpdated 1
U.S. Index Futures Eye Key Pivot Ahead of ElectionU.S. Index Futures Eye Key Pivot Ahead of Election U.S. stock index futures surged on Monday, poised to recoup some losses from a turbulent trading week as investors prepared for key corporate earnings and the final phase before the Nov. 5 presidential election. Technical Analysis: After pulling back from the Support zone around 5803, the price will touch the 5863 and then will drop again by stability under it. If the price holds below the Resistance line, it could drop to 5803. Breaks the liquidity Zone which is between 5863 and 5891 it could push up toward 5939 Watch for confirmation at the liquidity zone for a bullish breakout or breakdown from the support line for further downside movement. Key Levels: Pivot Point: 5863 Resistance Levels: 5891, 5939 Support Levels: 5825, 5803, 5781 Trend Outlook: Bearish below 5863 Bullish above 5863 Shortby SroshMayiUpdated 8
$SPX Analysis, Key Levels & Targets for 10.29.24CBOE:SPX Analysis, Key Levels & Targets for 10.28.24 Alright, y’all…. So I am still sick so no videos until this get’s cleared up. But here is the chart for today. I feel good enough to maybe trade today but still kind of Meh… LOL…. I don’t get sick often and MAN this stinks. Previous support (5805) is right at the bottom of the gap we opened yesterday 35EMA is still above the 30min 200MA. ATH’s are at the top of the implied move for tomorrow. Under 5805 the next support is 5770 and a 1hr 200MA coming up as well. Honestly looks fun!! by SPYder_QQQueen_Trading1