SPX500The S&P 500 is showing a stair-step upward movement, primarily rebounding during non-active U.S. trading sessions. Key factors to watch:
- The market tends to recover when the U.S. session is closed, and corrects slightly when it reopens. This is due to residual selling pressure from retail investors during active hours.
- Strong resistance is seen around 5400 points, where previous declines started. A potential pullback to test support around 5100-5200 would create an ideal setup for a more robust rebound.
- Potential Iran-Israel conflict could create short-term volatility around August 12, potentially triggering a market pullback.
- Upcoming data on August 14 will influence market movements. Expected low inflation supports future rate cuts, providing a favorable environment for long-term growth.
Sp500index
S&P 500 is gonna fall soon!!As you can see the rising wedge has broken and now price can fall to PRZ zone . the safe zone for s&p500 is's $5000 .
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
US500, NASDAQ at KEY level The price is currently at a key level, testing both support and the trendline.
1. Bearish Scenario (Breakdown):
- If the price breaks below the support level, it may indicate the beginning of an ABC correction in the Elliott Wave pattern.
- Action: Open a SHORT position with a smaller lot size.
- If the price then retests the broken support (now acting as resistance), you should open another SHORT position with a larger lot size.
- Target Levels: The price could initially drop to 5300 and potentially further to 4930.
2. Bullish Scenario (Support Holds):
- If the support holds and you observe bullish price action (e.g., long needles at the bottom of the candles), open a LONG position.
- Action: If the price forms a higher high and a higher low, or breaks above the resistance at 5560 and retests it, you can add to your LONG position.
Fundamental:
Recently, a technology crisis impacted Microsoft and several other companies' stocks. However, it appears that they have managed the situation effectively, suggesting a potential price increase. Despite this, the Volatility Index (VIX) keeps increasing, indicating persistent fear among investors. As a result, there is an equal 50/50 chance of prices moving either up or down.
SP 500 target 5830 by sept 3thThe chart posted is the sp 500 since we have and ABC decline that ended ??? I would thing this formation that I have posted would make it clear I said we have an issue at 5545 to 5562 ,I am waiting to confirm . But The math comes up with 5830 area 3 ways under 3 different labeling . I see us in a rally to form the neckline and then a pullback into Tuesday or Wednesday to form the right shoulder BOTTOM and then well you get the idea BTW the $yen is the low
SPx Amid Focus on Fed Decision, ADP Jobs Report, & Meta Earning Stock Index Futures Rise as Focus Shifts to Fed, U.S. ADP Jobs Report, and Meta Earnings
S&P 500 Analysis: Consolidation Expected Today
The market is poised for potential volatility as traders await the Federal Reserve's rate decision, the U.S. ADP jobs report, and Meta's earnings. The S&P 500 is expected to consolidate today, with key movements influenced by these events.
Bullish Scenario: If the price remains stable above 5,491, it is likely to reach 5,512. Breaking above this level could push the price further to 5,549.
Bearish Scenario: A reversal and stabilization below 5,491 could lead to a decline towards 5,460.
Key Levels:
- Pivot Line: 5,491
- Resistance Levels: 5,512, 5,525, 5,549
- Support Levels: 5,460, 5,438, 5,409
Today's Expected Trading Range: The price is anticipated to fluctuate between the support level at 5,460 and the resistance level at 5,550.
SPx, Bearish Area in correction caseS&P 500 Analysis: Bearish Area in correction case
The SPx corrected the price to their resistance of 5460 and as long as under 5460 means falling to get 5409, so still running and consolidating between 5460 and 5409.
Bullish Scenario:
the price should reverse and stabilize above 5460 to a bullish trend toward 5491 and 5525
**Bearish Scenario:**
The price will continue their dropping to reach 5409 and then should stabilize below that to be a downtrend till 5372 and 5346
Key Levels:
- Pivot Line: 5460
- Resistance Levels: 5490, 5525, 5512
- Support Levels: 5409, 5372, 5346
Today's Expected Trading Range:
The expected trading range is between the resistance at 5491 and the support at 5372.
S&P 500 Uptrend Survives - Peak Earnings Season on TapUnlike the Nasdaq 100, the S&P 500 has managed to keep it's near-term uptrend intact, painting a potentially bullish picture for the broad index.
The next two weeks sees over 60% of the index's earnings get reported, offering major potential for volatility in individual names, especially among the "Magnificent 7" stocks that are so heavily weighted in the index.
As long as previous-resistance-turned-support at 5490 holds, the path of least resistance will remain to the topside.
-MW
SPx / BREAKOUT, Pivot ZoneS&P 500 Analysis: Reached to the breakout zone
The price dropped and reached the breakout zone between 5550 and 5525, to confirm the right direction should close 4h candle above or below it.
Bullish Scenario:
The bullish trend will be activated by stabilizing above 5550 to get 5580 and above 5585 will get 5620.
Bearish Scenario:
For a downtrend, the price will touch 5525 and then should stabilize under 5525 to be downtrend till 5491
Key Levels:
- Pivot Line: 5550
- Resistance Levels: 5580, 5620, 5640
- Support Levels: 5525, 5491, 5460
Today's Expected Trading Range:
The expected trading range is between the resistance at 5585 and the support at 5460.
$ES top in?We got a large reversal today which makes me think that top is in for this cycle. As you can see from the chart, price went over resistance and closed back below it which is extremely bearish.
From here, I think we'll see a move down to the first support at $4800, then I think it's likely that we bounce higher to make people think we're going to see another move higher, but instead of having a sustained trend, we'll roll over down to new lows.
My base case is that we'll see the lowest supports at $2750-2900 before we see any sustainable bull market trend form.
Let's see how it plays out.
S&P 500 ANALIYSIS !!S&P 500 Analysis
The S&P 500 has recently broken out of a "cup and handle" pattern, which is typically a bullish indicator. This breakout suggests a continuation of the upward trend, supported by the 21-day moving average that acts as a dynamic support level.
Cup and Handle Pattern: This pattern is characterized by a "cup" formation followed by a short consolidation period that forms a "handle." The breakout above the handle signals a bullish trend.
21-Day Moving Average: The S&P 500 is currently trading above the 21-day moving average, which acts as a support level and confirms the ongoing bullish momentum
Retest Above Breakout Level: The S&P 500 will likely retest the breakout level. A successful retest would further confirm the bullish trend.
CME Gap Considerations: There is a CME gap above the breakout level. Historically, such gaps tend to get filled, indicating potential short-term downward momentum before the uptrend resumes.
Monitor for a retest of the breakout level. If the price stays above this level, it confirms the bullish trend.
Keep an eye on the S&P 500 staying above the 21-day moving average. This will strengthen the uptrend.
Fill the Gap: Anticipate potential downward momentum to fill the CME gap. If this happens, it could present a buying opportunity if the price stays above key support levels
Breakout Below Support: If the S&P 500 breaks below the 21-day moving average and fails to recover, it could signal a reversal of the current trend.
The S&P 500 is in a strong bullish trend, confirmed by the breakout from the cup and handle pattern and support from the 21-day moving average. A retest of the breakout level and potential gap fill could bring short-term volatility, but as long as the price holds key support levels, the overall outlook remains positive.
Monitor the breakout level and 21-day moving average for potential retests.
Make sure any breakout or retest is accompanied by significant trading volume for confirmation.
Stay aware of macroeconomic news and updates that may impact market sentiment and the performance of the S&P 500.
Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
WEEKLY FOREX FORECAST July 15-19th: DXY OIL INDICES GOLD SILVERThis is Part 1 of the Weekly Forex Forecast JuLY 15 - 19th
In this video, we will cover:
USD Index, S&P500 NASDAQ GOLD SILVER US OIL
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Bitcoin vs SP500Cryptocurrencies are experiencing a deep pullback, with BTC now in the 50k-55k zone. Good Elliottwave correction from the top so far, so I think there can be more upside. But, but, wahts the biggest risk? If stocks pull back, thenn cryptos may struggle to recover.
Historically, it's rare to see cryptos up when stocks are down. Something to keep in mind...
GH
S&P 500 Overbought - Will We See a Dip?The S&P 500 continues its relentless uptrend as we start the second half of the year, but it is notable that the 14-day RSI indicator is at its highest level since 2023. While not a sign of an imminent pullback in and of itself, it does suggest that the short-term risks are tilting to the downside ahead of Fed Chairman Powell's Humphrey-Hawkins Testimony and the US CPI report later this week.
If we do see a near-term dip, the rising trend line and previous-resistance-turned-support at 5500 will be the key support levels to watch.
-MW
WEEKLY FOREX FORECAST: DXY, INDICES, GOLD, SILVER, US OILThis is Part 1 of the Weekly Forex Forecast.
In this video, we will cover:
USD Index, S&P500 NASDAQ DOW JONES GOLD SILVER WTI CRUDE OIL
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
SP500 Bullish setupSP500 looks good enough to try a long here. Main structure is bullish and we can see the same pattern is repeating again. Break of main trendline, retest and pump. I highlited 5.495 as a first resistance area, that i expect to be touched today. Here i think we will see a rejection that will make the price to retrace. Probably around tomorrow we could have a confirmation about a possible reversal that could lead the price to new highs.
ES1! - TIME TO LOOK FOR SHORT ENTRIES OPPORTUNITIES - WEEKLYThank you for the likes, shares and follows. Really appreciate!
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This is a zoome out from the latest analysis of the ES1! Mini S&P500 Market.
A little bit adjusted with some interesting points to consider.
in the upper side we potentially won't be surprised in proach futrue see the price rising to $5637.5.
It is time probably to think at holding long short positions as there are some potential lower price point interesting to consider:
- The red horizontal line range area
- And lower there the blue dashed horizontal line
next week candle could probably do the same as this week but in the short side.
Where is the price going and what is the upper side limit? We don't know, we can only make some assumptions based on the technical analysis of the chart.
The issue is that we see that some historicl correlations are not being respected anymore.
S&P500 The structure is completeYes. It's over. Full five waves have been developed to complete all the upside movement from the October 2022 bottom. The S&P500 has now completed 5 waves from October 2022 and has completed 5 waves from March 2009. The market is going to see a very deep and long correction.