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S&P 500 Index - Standard & Poors 500 (SPX)SS

S&P 500 Index - Standard & Poors 500 (SPX)

5,296.5USDR
+27.8+0.53%
Last update at Apr 17, 20:58 GMT
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Up for SPX500USDHi traders, Wow! Last week the price action of SPX500USD went exactly to the target as predicted in my outlook. On Monday it dropped and after a correction up it took the liquidity under the previous lows and filled the 4H FVG. I've updated the wave count. Now next week we could see a corrective upmove to the higher 4H FVG. Let's see what the market does and react. Trade idea: Wait for a small correction down to finish and after that a change in orderflow to bullish to trade longs. If you want to see more from my analysis, please make sure to follow me, give a boost 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. If you don't agree, that's fine but I don't need to know it. I do not provide signals. Don't be emotional, just trade! Eduwave
OLong
by EduwaveTrading
3
SPX500 Bullish Retracement or Short Continuation? 1. Top-Down Bias 1. Weekly (Long-Term): • Structural Trend: Bullish (higher highs/higher lows) since mid-2022. • Momentum: Cooling (Weekly MACD negative, RSI slipping from overbought). • Conclusion: Still in an uptrend overall, but increasingly vulnerable to corrective pullbacks. 2. Daily (Intermediate-Term): • Trend: Corrective/short-term bearish tilt (price below 10 & 50-Day SMAs). • Support: Key rising trendline near 5,830–5,850; 200-Day SMA around 5,737. • Conclusion: Intact broader uptrend, but near-term momentum is down. Bulls must reclaim ~6,000–6,100 to regain full control. 3. 4-Hour (Short-Term): • Trend: Bearish (lower highs/lower lows, price below major 4H SMAs & Ichimoku Cloud). • Bounce: Price is rebounding off ~5,830. Overhead resistance near 5,950–6,000. • Conclusion: Still bearish unless price closes decisively above ~6,000. 4. 2-Hour (Intraday): • Trend: Dominantly down, but intraday MACD and RSI have turned bullish. • Resistance: 5,940–5,970 (Fib confluence) and ~5,990–6,000 (Ichimoku Cloud base). • Conclusion: Short-term bounce is underway, but the structure remains cautious below 6,000. Overall Bias: • Long-Term: Bullish. • Short-Term: Bearish/Corrective. • Potential for a relief rally if price breaks above ~5,970–6,000. Otherwise, deeper corrections could target 5,830–5,850 or below. 2. Key Levels & Confluences • Major Resistance Zones: • 6,000–6,100: Overhead supply on Daily & 4H, plus 10 & 50-Day SMAs, Ichimoku cloud underside. • 5,970–6,000: 2H/4H Fib confluence and descending trend line. • Major Support Zones: • 5,830–5,850: Short-term bullish order blocks, rising daily trendline, and 2H/4H support. • 5,737: 200-Day SMA, key if the above zone fails. • 5,600–5,400 (Weekly OB) and 5,634 (50-Week SMA): Deeper support if a more significant correction unfolds. • Indicator Confluences: • Weekly Ichimoku → Price well above the cloud, but momentum fading. • Daily Ichimoku → Price near/below the cloud (~5,990–6,000). • MA Clusters → 10 & 50-Day near 6,000; 100-Day ~5,960; 200-Day ~5,737. • Fibs → 5,830–5,970 region offers multiple retracement overlaps on lower timeframes. 3. Scenario 1: Bullish Continuation / Recovery Narrative: Despite recent short-term weakness, the longer-term uptrend is still intact. A rebound could take hold if price holds above critical support (5,830–5,850) and reclaims the Daily/4H resistances near 6,000. Indicators on lower timeframes (2H MACD & RSI) hint at a near-term bounce. 3.1 Aggressive / High-Risk Approach • Entry Conditions: • Look for intraday bullish reversal candles (e.g., 2H bullish engulfing) near 5,840–5,860 support—before a confirmed 4H close above resistance. • This could be triggered if RSI on 2H recrosses above 50 (it already has) and price bounces off a retest of 5,850. • Stop-Loss Placement: • Tight stops just below 5,830 (recent swing low). • Accept the risk of whipsaw if the market tests that area again. • Pros/Cons: • Pros: Potential for a strong R:R if the bounce holds; you enter near the bottom of the range. • Cons: High chance of a false breakout or further drawdown if short-term momentum fails. 3.2 Moderate Risk Approach • Entry Conditions: • Wait for partial confirmation such as a 4H close above ~5,950–5,970 (descending trend line/Fib zone). • Alternatively, a bullish MACD crossover on the 4H chart or price reclaiming the 4H Ichimoku conversion line (~5,950–5,970). • Stop-Loss Placement: • Below the newly formed higher low (e.g., if price pulls back to 5,880–5,900, place stops slightly beneath). • Gives moderate breathing room compared to the ultra-tight approach. • Pros/Cons: • Pros: Lower risk of immediate fakeouts. • Cons: May miss the absolute bottom if price reverses sharply without much consolidation. 3.3 Conservative / Low-Risk Approach • Entry Conditions: • Require strong confirmation: a Daily close above ~6,000 (10 & 50-Day SMAs + Ichimoku Cloud) to ensure the short-term trend has flipped bullish. • Prefer RSI (Daily) back above 50 and MACD turning positive on the Daily timeframe. • Stop-Loss Placement: • Wider stop below the 200-Day SMA (~5,737) or below 5,830 pivot if you want a slightly tighter but still “safer” cushion. • Aims to weather typical intraday volatility. • Pros/Cons: • Pros: Much higher probability trade aligned with a proven trend resumption. • Cons: Enters at a higher price; your initial R:R might be smaller. 3.4 Bullish Targets & Management • Target 1 (T1): ~6,100 (major overhead supply, near the upper end of daily cloud/resistance). • Target 2 (T2): ~6,200–6,250 (next potential swing high if momentum truly shifts). • Partial Profit / Trailing: • Consider taking partial profits at T1 (~6,100) and trailing stop to break-even. • If price pushes above 6,100, let a portion ride toward 6,200+. • Invalidation: • A Daily close below ~5,830 (or a 4H close well beneath that pivot) undermines the bullish thesis. • Bearish signals on Daily MACD (staying negative) also reduce bullish odds. 4. Scenario 2: Bearish Reversal / Deeper Correction Narrative: Recent breaks below key Daily MAs and a confirmed 4H/2H downtrend indicate the market may extend its pullback. The bounce to ~5,950–6,000 could fail, triggering a new leg lower toward 5,830 or even the 200-Day SMA (~5,737). 4.1 Aggressive / High-Risk Approach • Entry Conditions: • Look to short on a minor retest/failure at intraday resistance (e.g., 2H pivot near 5,960–5,970). • Could also short an immediate break below 5,850 if that level cracks intraday. • Stop-Loss Placement: • Tight stop just above the local swing high (e.g., if shorting near 5,970, stop ~5,995–6,000). • This captures a potential quick continuation lower but risks getting stopped out on whipsaws. • Pros/Cons: • Pros: Larger reward if the market breaks down quickly from near-resistance. • Cons: Elevated risk of fake breakdown or sudden bullish intraday reversal. 4.2 Moderate Risk Approach • Entry Conditions: • Wait for a 4H candle close below ~5,850 (the short-term support / OB zone) or for RSI (4H) to slip back under 50 from its bounce. • Confirm negative MACD cross or downward slope on the 4H chart. • Stop-Loss Placement: • Place stops slightly above the retest zone (5,870–5,880) or the most recent swing high. • Allows for typical 4H volatility around S/R lines. 4.3 Conservative / Low-Risk Approach • Entry Conditions: • Require a Daily close below 5,830 (rising trendline break) and a retest that fails to reclaim that line. • Confirm daily MACD remains negative and RSI stays below 50. • Stop-Loss Placement: • Above the nearest significant daily pivot or 200-Day SMA if you’re aiming for a multi-day to multi-week short. • A wide stop to accommodate more volatile corrections. • Pros/Cons: • Pros: High probability of a sustained down-move once that daily trendline is lost. • Cons: The initial break might be fast; you could miss the “best” short entry. 4.4 Bearish Targets & Management • Target 1 (T1): ~5,737 (200-Day SMA) if the immediate support at 5,830 fails. • Target 2 (T2): ~5,600–5,400 (major weekly OB & 50-Week SMA ~5,634). • Partial Profit / Trailing: • Consider locking in partial gains near T1 (200-Day) and trailing stops to break-even. • If momentum accelerates, hold a runner down toward 5,600 or lower. • Invalidation: • 4H or Daily close back above ~6,000 would undercut the bearish premise, as it signals a reclaim of critical MAs and Ichimoku territory. • A bullish MACD crossover on Daily also weakens the short thesis. 5. Risk Management & Position Sizing 1. Volatility (ATR) Awareness: • Weekly ATR ~166; 4H ATR ~44. Elevated intraday volatility means you may need slightly wider stops or smaller position sizes. • For short-term trades (4H/2H), consider using a fraction of your usual size to account for bigger swings. 2. R:R Ratios: • Target at least 1:2 or better. • Scale your position so the max loss is within your tolerance (1–2% of your account per trade). 3. Timeframe Alignment: • Larger positions if Daily & Weekly confirm a direction. • If 4H/2H contradict the higher timeframes, trade smaller or wait for alignment. 4. Partial Profit Strategies: • At T1, take partial off (e.g., 50%) and move stop to entry. • Let the rest ride to T2 if momentum follows through. 6. Timing & Confirmation 1. Candle Close vs. Intraday: • For more reliable signals, wait for 4H or Daily closes at critical S/R (above 6,000 for bullish or below 5,830 for bearish). • Aggressive traders may jump in on intraday wicks or 2H signals but must accept higher whipsaw risk. 2. Market Sessions: • Key breakouts often occur during London or New York opens when liquidity spikes. • If trading overnight or in low-liquidity sessions, be mindful of sudden volatility pockets. 7. Extra Notes & Contradictions 1. Mixed Signals Across Timeframes: • Weekly bullish vs. 4H/2H bearish. This can cause choppy price action. Intraday shorts may still work in a higher timeframe uptrend as a temporary pullback trade. 2. Event & News Catalysts: • Unexpected fundamental events (economic data releases, central bank announcements) can override technical setups. 3. Ranging vs. Trending: • If price stalls between 5,850 and 5,950 for several sessions, we may be in a short-term range. Look to fade extremes until a breakout clarifies direction. 8. Final Summary • Top-Down Bias: • Weekly remains bullish overall but losing momentum. • Daily is short-term bearish, yet still above the 200-Day SMA. • 4H/2H are in a downtrend, but a bounce is in progress. • Key Levels & Confluences: • Support: 5,830–5,850; 5,737 (200-Day); deeper ~5,600–5,400. • Resistance: 5,970–6,000 (short-term), then 6,000–6,100 (major daily overhead). • Scenarios: • Bullish if price holds support (5,830–5,850) and reclaims ~6,000. • Aggressive: Buy near 5,840–5,860 on 2H signals. • Moderate: Wait for 4H close above ~5,950–5,970. • Conservative: Require Daily close above ~6,000 and a bullish MACD on Daily. • Bearish if price fails near 5,950–6,000 or breaks 5,830. • Aggressive: Short rejections around 5,960–5,970 or immediate break of 5,850. • Moderate: Wait for 4H close below 5,850. • Conservative: Require Daily close below 5,830 and retest fail. • Risk Management: • Use ATR to size positions, keep R:R ≥ 1:2, scale out at T1, etc. • Edge Cases / Fundamentals: • Stay alert for macro news or high-impact data that could abruptly change the technical landscape. Bottom Line: We have a long-term bullish market undergoing a short-term correction. A push above ~5,970–6,000 would reassert upside momentum; failure at this zone and a drop under 5,830 could extend the sell-off toward the 200-Day SMA or deeper weekly supports. Select the risk profile (Aggressive, Moderate, or Conservative) that best fits your trading style and capital preservation goals, and always align position sizing with your maximum risk tolerance.
C
by EliteMarketAnalysis
1
S&P 500 Daily Chart Analysis For Week of Feb 28, 2025Technical Analysis and Outlook: In the recent weekly trading session, the S&P 500 did not succeed in retesting the Mean Resistance level of 6082. Instead, the index experienced a notable decline, reaching the Mean Support level of 5939 and narrowly approaching the Key Support level of 5827. Following this downturn, a significant rebound occurred, resulting in the establishment of a new Mean Support level at 5860. The index is now positioned to target the Mean Resistance level of 5967. Should the index initiate an upward movement from its current level and successfully surpass the critical Mean Resistance of 5967, it may continue to rise toward the Mean Resistance level of 6032, potentially reaching the Key Resistance level of 6143. Conversely, if the index declines from its present position, it may create a retest pullback to revisit the Mean Support level of 5860 before resuming further upward momentum.
S
by TradeSelecter
S&P Retest of IMPORTANT support, The week ahead 03rd March '25 The S&P 500 (US500) index maintains a bullish bias within the broader long-term uptrend. However, recent price action suggests a period of consolidation following the retest of the all-time high on February 19, 2025. The market is currently at a critical juncture, with the 5918 level acting as a key support zone. Bullish Scenario: The 5918 level serves as a newly established support, aligning with the consolidation range and prior resistance. A corrective pullback towards this level, followed by a bullish bounce, could confirm continued upside momentum. Upside targets include: 6000 (50-day moving average) 6055 (20-day moving average) 6100 over the longer term Bearish Scenario: A confirmed loss of 5918 support with a daily close below this level would invalidate the bullish outlook. This could trigger a deeper retracement, exposing the following downside levels: 5854 (next key support) 5800, with a potential extension to 5777 if selling pressure accelerates Market Outlook: The 5918 level remains pivotal—holding above this support sustains the bullish bias, while a decisive break below it signals potential downside continuation. Traders should closely monitor price action and volume around this key level to assess the market’s next move. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:US500
by TradeNation
S&P 500 - Short - Term Elliott Wave Count - 02/28/25An Elliott – Impulse wave down from the S&P 500 (SPX) all-time high appears to be complete. If so, this could be the first wave of a larger developing bear trend. Evidence from the 15 – minute MACD and RSI support this theory. Both had bullish divergences at the 02/28/25 intraday bottom. This is a typical action after a fifth wave termination. There’s a good chance for SPX to rally in the next one or two trading days.
SShort
by markrivest
6
Selling could be exhausted. Excellent few trading weeks,. During this time we've done over 30% profit on low risk (for context, our max drawdown to get that is less than the SPX drop of the high, and we've done 3 times the annual SPX average in a little over a week) with the best trade coming yesterday paying close to 3,000 on OTM daily puts. But I feel the tides may be turing. We maybe see a capitulation wave 5 in the end of yesterday. I do longer have a bear bias for the immediate future. Exited all indices/crypto and stocks shorts.
SLong
by holeyprofit
2
U.S. Indices on the Brink: A 10-15% Market Correction Ahead?At Vital Direction, our Elliott Wave, Fibonacci, and Gann analysis suggests that the S&P 500, Nasdaq, Russell 2000, and broader U.S. markets are approaching a major topping formation, setting the stage for a sharp 10-15% correction. We anticipate this downturn to unfold between now and mid-April, with potential bottoming phases emerging either in early March or mid-April. From there, we expect a strong recovery, leading indices back to their all-time highs or near them by August to November 2025 before a massive reversal unfolds. Investor Caution Advised! Sentiment remains extremely bullish, but we urge traders to prepare for heightened volatility and downside risks in the short term. This could be a pivotal moment before the next major bullish phase!
O
by VitalDirection
S&P 500 Drops Below 100-Day Moving Average The S&P 500 has broken below its 100-day simple moving average (SMA), a key technical level that many traders and institutions use to gauge trend strength. Historically, when the price falls below this moving average, it often signals a potential shift in market sentiment. What This Means: 🔹 Potential Trend Reversal? If the index fails to recover above this level, we could see increased selling pressure, leading to further downside. 🔹 Bearish Confirmation: A sustained close below this moving average might attract more short sellers, reinforcing a downward move. 🔹 Buying Opportunity? If buyers step in and reclaim the 100-day SMA, this could be a temporary dip before resuming the uptrend. Are we looking at the start of a deeper correction or just a pullback before new highs? Let’s see how the market reacts! #SP500 #TechnicalAnalysis #MovingAverages #TradingStrategy
V
by SmartSignalss
S&P INTRADAY previous support new resistance?S&P (US500) index pair price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a sideways consolidation after a retest of an all-time high on 19th Feb ‘25. The key trading level is at the 5918 level, the consolidation price range and also the previous support is now a newly formed resistance zone. An oversold rally from the current levels and a bullish breakout above the 5918 level could target the upside resistance at 5967 followed by the 6014 and 6056 levels over the longer timeframe. Alternatively, a confirmed rejection at the 5918 resistance and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 5853 support level followed by 5827 and 5780. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
T
by TradeNation
Hellena | SPX500 (4H): LONG to resistance area of 6140.Dear Colleagues, price has gone lower than I thought it would and now we need to redraw the waves. Apparently, the price has updated the minimum of wave “2”. Therefore, I believe that the price will soon continue the upward movement in wave “3” anyway. The “ABC” correction seems to be completed and the 5915 area served as support for the second time. I expect the price to touch this area once again and then continue to the resistance area of 6140. Or it will immediately start moving towards this area. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OLong
by Hellena_Trade
14