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SPX (S&P 500 Index)

S&P500 Navigating Volatility with Key Price Levels and ScenariosS&P 500 Analysis: Navigating Volatility with Key Price Levels and Scenarios The S&P 500 price broke through the pivot zone and closed a 4-hour candle above it, continuing its upward trajectory towards 5225. Intraday Analysis: Today, the S&P 500 price is expected to reach 5525 before descending again towards 5491, stabilizing above 5492. Bullish Scenario: 5525 will act as a pivotal line for today. If the price reaches this level and breaks through, the bullish trend is likely to continue towards 5550. Bearish Scenario: Should the price remain below 5525, it is expected to decline towards 5491. A break below 5491 would indicate a further bearish trend, potentially reaching 5460. Key Levels: - Pivot Line: 5525 - Resistance Levels: 5550, 5585, 5600 - Support Levels: 5491, 5460, 5440 Today's Expected Trading Range: The anticipated trading range for today is between the resistance at 5550 and the support at 5460.
OANDA:SPX500USD
by SroshMayi
S&P buyers dominate market; sellers wait asideLast week began with a powerful rally. After the bulls failed to push higher the next day, sellers seized the initiative and tried to drive the market lower. However, they didn't accomplish much, and the week ended with a potential reversal pattern on the hourly chart. If this pattern confirms today, we could see another bull run very early. Even if it doesn’t confirm, there is still substantial support just below. On the longer timeframes (weekly and monthly), buyers still have full control, with no warning signs. While the price is slightly overbought on the daily chart, this is not a significant concern in strong uptrends. Sector rotation appears healthy – despite the market being pressured by weakness in XLK, other sectors (e.g., XLF, XLV) appreciated. Important economic data will be released on Thursday and Friday. As long as there are no negative surprises, the market is expected to remain strong. The market outlook is a definite "long". New buyers can try to establish position upon the confirmation of the hourly reversal patters and upon the pullback into consolidation zone (if it happens). Disclaimer I don't give trading or investing advice, just sharing my thoughts.
AMEX:SPYLong
by hermes_trisme
SPx (GDP + Consolidation Movement)SPx Outlook The price still consolidates between 5460 and 5491, so should break one side to continue its direction. Intraday Analysis: Today, the price is likely to stabilize below 5491, maintaining the bearish trend towards 5460, and should break that as well to get 5410. Bullish Scenario: For a bullish reversal, the price must stabilize above 5492. If this occurs, the bullish trend may target 5529 and subsequently 5550. Bearish Scenario: The price should stabilize under the pivot zone, which is between 5502 and 5479, it is expected to decline further towards 5440 and 5410. Key Levels: - Pivot Line: 5491 - Resistance Levels: 4429, 5550, 5585 - Support Levels: 5460, 5440, 5410 Today's Expected Trading Range: The anticipated trading range for today is between the resistance at 5530 and the support at 5410.
OANDA:SPX500USDShort
by SroshMayi
SPX500 is oversold on the hourly chartThe SPX500's daily chart is still trading in a bullish zone. The hourly chart has pulled back to oversold territory suggesting a bullish snap-back may be due. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com) : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com) : Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:SPX500Long
by FXCM
S&P500 Index / Balancing Bullish Trends with Cautious OptimismS&P 500 Index Technical Analysis Current Market Overview: The S&P 500 index recently reversed and stabilized within a bullish zone after closing a 4-hour candle above the critical level of 5491. This development suggests a potential bullish trend towards 5529 in the near term. Intraday Analysis: Today, it is expected that the price will remain stable above 5491, sustaining the bullish momentum towards 5529 and potentially reaching 5550. Bullish Scenario: As long as the price continues to trade above the pivot zone, defined between 5491 and 5472, we anticipate further upward movement towards 5529 and 5550. Bearish Scenario: For a bearish trend to initiate, the price must first stabilize below 5491. Should it close a 4-hour candle under 5472, this would signal the start of a bearish trend. Key Levels: - Pivot Line: 5491 - Resistance Levels: 5506, 5529, 5550 - Support Levels: 5472, 5440, 5410 Today's Expected Trading Range: The anticipated trading range for today lies between the resistance at 5530 and the support at 5472. In summary, maintaining a position above the pivot zone supports a bullish outlook, with potential targets at 5529 and 5550. Conversely, a breach below 5491, followed by a close under 5472, would indicate a shift towards a bearish trend. ----------- Cautious Markets Temper Tech Enthusiasm A mix of caution ahead of a U.S. inflation reading, renewed enthusiasm in tech stocks driven by Nvidia's resurgence, and hawkish signals from Federal Reserve officials has resulted in a market searching for direction. Traders are hesitant to make significant moves ahead of Friday's crucial release of the U.S. personal consumption expenditures (PCE) price index, the Federal Reserve's preferred measure of inflation. Economists surveyed by Reuters anticipate that annual growth will slow to 2.6% in May, the lowest rate in over three years. Until the PCE data is released, market participants are closely monitoring comments from Federal Reserve officials. So far, policymakers are advocating for patience, emphasizing that the Fed is in no rush to cut interest rates, thereby dampening any excitement about potential rate cuts.
OANDA:SPX500USDLong
by SroshMayi
S&P500 Seeking the 4H MA200 for buyersThe S&P500 index (SPX) got rejected at the top of the 2-month Channel Up that started on the April 19 bottom and is already below the 4H MA50 (blue trend-line). This is a sign of weakness for the short-term and based on the previous two times it did so, it might be accelerated. Technically, the market should seek the 4H MA200 (orange trend-line) as the Support, which is what took place on the previous Higher Low of the Channel Up on May 31. We are looking to turn bullish again close to the 4H MA200 and target 5650, which is not only at the top of the Channel Up but also below the 2.618 Fibonacci extension, which is where the previous two Higher Highs got priced. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500
by TradingShot
1
2024-06-24 - priceactiontds - daily update - sp500 e-miniGood Evening and I hope you are well. sp500 e-mini futures comment: Expanding triangle on the 1h tf and that’s a form of a trading range. Big up, big down, big confusion, more sideways likely. 5530 is the most important price currently at about the middle of the range. Did the bears do enough damage today to expect follow through tomorrow? I don’t think so. They barely made another lower low. Selling down here is a bad trade. current market cycle: Max bullishness & peak bubble territory. Literally the peakiest of the peaks. Mother of all bubbles. Will end over the next weeks. —unchanged key levels: 5500 - 5600 bull case: Bulls tried and failed at 5558 which qualifies as a decent lower high. Bulls need to stop the selling above 5500 or risk trading back down to the daily ema around 5460. They still see this as a minor pullback in the huge bull trend. Their problem is, that bears printed 3 consecutive bear bars now and broke the first bull trend line. It’s a bad buy here unless they get strong momentum going tomorrow. Invalidation is below 5500. bear case: Bears doing good and trapping overly eager bulls in buying everything but the selling is not strong enough to question another retest of the highs. Until bears trade below the daily ema, they will be quick to exit shorts that lose momentum. Their next target is 5500 and then 5470, where we should hit the daily ema. If they also somehow manage to get below that level, the bull trend line will be tested next - around 5420ish. Invalidation is above 5560. short term: Neutral between 5500 - 5540, bullish above and bearish below medium-long term: Bearish. We will see 5000 over the next weeks again and 4600 over the next 12 months. Will update this time and price wise over the weekend but I expect to at least see 5000 over the next months in 2024. —updated weeks to months. current swing trade: None trade of the day: Strong buying on bar 36 which was a decent buy since bears could not get below 5525. Triangle bar 37-47 and bar 48 was a good entry bar for shorts. Strong break below the triangle with follow through. Could have closed shorts on bar 56/57 because 4 consecutive bull bars but they had big tails above. If you held, could have been 100+ points.
CME_MINI:MES1!
by priceactiontds
SPX: overbought momentum - againNvidia has again impacted the course of the S&P index, but this time to the opposite side. The index pulled back on Friday, after the market reassessed the stock's all time high. The stock notably declined on Friday closing down by more than 3%. This drop contributed to a broader sell-off in tech stocks. The decline was partially attributed to profit-taking after a strong rally during the year of around 155% year-to-date, and concerns about the sustainability of its high valuation amidst the ongoing AI boom. The S&P 500 still managed to reach a new record in value during the previous week and surged around 0.6%. The new ATH for the index is 5.503, reached on Thursday. Still, Friday`s decline brought the index to end the week at the level of 5.471. At the same time analysts from Deutsche Bank are noting a high possibility of the S&P 500 pullback in the coming period. They are specifically referring to three factors which might indicate that the short reversal is coming, including: increase in equity positioning of discretionary funds, nine consecutive weeks of inflows into equity funds and approaching buyback blackout period before the release of Q2 results. These factors might bring a short pause to the continuing uptrend of the index, as per DB analysts.
SP:SPX
by XBTFX
#202426 - priceactiontds - weekly update - sp500 e-mini futuresGood Day and I hope you are well. sp500 e-mini futures Quote from last week: bear case: What do the bears have going for them? Nothing and if anything, pure speculation and low probability stuff. The chart is showing multiple wedges, we are clearly in multiple third pushes up (W5) and volume is drying up. Once the institutions begin taking profits on the magnificent 7, we will see big moves down to end the trend and enter a trading range. The bull trend line around 5300 will be hit in the next 2-4 weeks and afterwards I think we will form a lower high before we will be on our way to 5000 again. As of now I think bears want to see a big climactic bull bar to 5600 before they begin shorting again. comment: Market did exactly what I wrote in my last bear case sentence. Climactic bull bar on Monday with some follow through Tuesday and Wednesday to almost 5600 and then a pullback. Bulls touched the big upper bull trend line which began on 2023-02-02. Bears broke below the very tight bull channel but just so slightly and with tails below the daily bars. I expect the market to retest the highs again before another second leg down, which could then form into a decent pullback, like the one we had in April. Market sentiment is max bullishness from everyone everywhere and the posts about “this time it’s different” have become common. It’s the fomo phase where your Mother asks if she should buy some Nvidia stocks. current market cycle: End of the bull trend is near. Will soon see a bigger pullback. key levels: 5400 - 5600 bull case: Bulls will probably retest the highs or even make a higher high soon. First pullbacks / low 1, is a buy signal in a bull trend. After that retest, I - again, have nothing for the bulls. We are at the peak of this bubble imo and that’s where you get cautious and not even more bullish. Nvidia will touch 100 over the next weeks, if not days. Invalidation is below 5400. bear case: The profit taking has begun imo. All bullish targets are met and we are trading at multiple upper resistance lines and prices. The daily ema is 80 points away and will get tested soon. Bears see the 3 pushes up from end of May and now want a decent pullback to the bull trend line around 5400, wich is also the breakout retest. Invalidation is above 5620. outlook last week: No interest in buying here unless it’s a momentum scalp. I will look for weakness and a trade back to a test of the daily 20ema which is around 5400. Bulls are still heavily favored in terms of probability. → Last Sunday we traded 5502 and now we are at 5534. New ath was 5587, so my outlook was good for 85 points. You. Are. Most. Welcome. Compare that to Newsletters who cost 130$ per month and include planetary constellations in their market analysis. short term: Don’t get too bearish too soon. You never want to try to pick a top or a bottom. Let the big bois with endless money do that for you and follow along. Expecting another push for retest of the highs, followed by another leg down, as painted in my chart. medium-long term: Bull trend is in the last legs and this will soon pull back much further and form a big trading range. I gave 5600 months ago and we are close enough to it or will touch it next week. Afterwards the money is made on the downside. 5300 over the next 1-2 weeks, followed by 5000 over the summer. current swing trade: None but will enter new shorts next week. Chart update: This is my best guess on how the next 3-9 months will play out. Two-legged correction down to 5000 over the next 4-8 weeks, followed by a last lower high before the next big bear trend will begin. That’s only price-wise but not time wise. Could get there much faster or much slower.Update: slightly adjusted the bigger two legged correction and added a smaller one.
CME_MINI:MES1!
by priceactiontds
S&P 500 Index Technical Analysis and Intraday ForecastS&P 500 Index Technical Analysis The price has declined from its resistance level of 5529 and is currently trading in a bearish zone. As long as it remains below the pivot line, the bearish trend is expected to continue towards 5410. Intraday Analysis: Today, the price is likely to stabilize below 5479, maintaining the bearish trend towards 5440 and 5410. Bullish Scenario: For a bullish reversal, the price must stabilize above 5502. If this occurs, the bullish trend may target 5529 and subsequently 5550. Bearish Scenario: As long as the price trades below the pivot zone, which lies between 5502 and 5479, it is expected to decline further towards 5440 and 5410. Key Levels: - Pivot Line: 5479 - Resistance Levels: 5502, 5529, 5550 - Support Levels: 5440, 5410, 5373 Today's Expected Trading Range: The anticipated trading range for today is between the resistance at 5502 and the support at 5410.
OANDA:SPX500USDShort
by SroshMayi
$SPY update: Idea hasn't changed, only the timing. $480 next.Update: Largely the same idea, just the timing changed. I was wrong in that I initially thought we'd reject the $525-530 area and move down to my target of $480, then form a final high by the end of July/August around $550. However price decided it wanted to go straight higher to $550 area before it falls. Think we'll see a final high be put in sometime in the next week, then we'll finally make the move lower to my target of $480. The current move extending all the way to $550 gives me confidence that this is likely to be the top for the year and we shouldn't see a move back to this area. While the index is going to start its decline into a bear market, certain individual stocks will still see new highs. The tricky part will be identifying which ones still have upside left. Largely I think we'll see the long-term reversals on the Mag 7 and money flow into value stocks. Lots of beaten up charts that look good for upside soon. I'll start sharing those shortly.
AMEX:SPYShort
by benjihyam
35
Market Soars with Unyielding MomentumLast week was marked by complete bullish dominance. After positive inflation data was released on Wednesday, the market opened with a significant gap up. The next day, sellers made a sluggish attempt to fill this gap but never came close. To sum it up: 1. Prices are in an uptrend on weekly, monthly, and daily charts. 2. Last week closed strong with almost no seller pressure. 3. There is an unfilled gap from Wednesday, the 12th. So far, this market is fully controlled by buyers. Notably, growth is driven mostly by tech stocks, reflecting a "risk-on" mode of investing. Some people are concerned about the narrow breadth, but it doesn't matter much whether growth is driven by many names or just a few large stocks. While narrow breadth can lead to increased volatility, the fact is that money is being poured into the market. As long as this continues, the market will remain strong. Disclaimer I don't give trading or investing advice, just sharing my thoughts.
AMEX:SPYLong
by hermes_trisme
2024-06-20 - a daily price action after hour update - sp500Good Evening and I hope you are well. sp500 e-mini futures comment: Interesting trading day to say the least. Globex rallied 27 points to 5587 where it stalled for couple of hours and then before US opened the floodgates were opened. Just strong selling throughout the day with huge bull spikes in between. Bears accomplished a drop of 23 points from open to close, that’s just weak but Globex high to daily low was 62 points. The 15m 20ema was decent today and bulls kept it above the important bull trend line and still far above the daily ema which is at 5450, so 100 points to go. Market has formed a triangle at the lows, which will probably just break out sideways in the Globex and EU session. Since tomorrow is Globex, I have no opinion on where we close the week tbh. Rough guess is at least a close below 5560 but I prefer a close below the bull trend line and below 5500 but that’s low probability. current market cycle: Max bullishness & peak bubble territory. Literally the peakiest of the peaks. Mother of all bubbles. Will end over the next weeks. —unchanged key levels: 5500 - 5600 bull case: Bulls want to stay above 5540 which is my big orange support line. If they fail here, they will most likely also fail at the bull trend line and then 5480/5500 will come fast. Bulls bought every new low today and made money on lower time frames but they could not close above the 15m 20ema. That will be their first target for tomorrow and then above the 1h ema. I expect a pullback tomorrow and depending on how strong it is, another leg down or total melt up to 5600 into opex. Invalidation is below 5520. bear case: Bears had a decent day today. Naturally they want a second leg down, which would bring us to around 5460/5470, which would be my preferred close of this week. Since we are at bigger support, I don’t have much confidence in the bears. Need to see tomorrows price action in EU session. Invalidation is above 5560. short term: Neutral here between 5520 - 5560, bullish above and bearish below medium-long term: Bearish. We will see 5000 over the next weeks again and 4600 over the next 12 months. Will update this time and price wise over the weekend but I expect to at least see 5000 over the next months in 2024. —updated weeks to months. current swing trade: None trade of the day: Shorting every pullback near the 15m ema was decent.
CME_MINI:MES1!
by priceactiontds
🍌🍌 SUPERMICRO — AI BANANAS RECOVER FROM THE BEARISH HUGSIt’s hard to believe that only a few short years ago, Super Micro stock was trading for $10 per share. Now that it’s hovering near the $1,000 area. And Yes, SMCI stocks are still Top #1 over the all S&P500 components with +217% YTD performance in 2024, and +471% 12-months performance. Supermicro is an American company, a major manufacturer of motherboards, cases, power supplies, cooling systems, SAS controllers, Ethernet and InfiniBand. The company specializes in the production of x86-server platforms and various components for servers, workstations and data storage systems. The headquarters is located in San Jose, USA. Founded in 1993. Supermicro, Inc., a provider of end-to-end IT solutions for cloud computing, artificial intelligence/machine learning, storage, and 5G/Edge communications, continues to expand its data center portfolio with NVIDIA end-to-end rack cabinet solutions HGX H100 equipped with liquid cooling systems. Supermicro's advanced liquid cooling technologies help reduce time-to-commissioning, improve performance levels, and reduce data center operating costs while dramatically reducing energy efficiency. It is estimated that when using Supermicro liquid cooling systems (compared to air-cooled data centers), data centers save up to 40% in terms of power costs. In addition, direct cooling costs can be reduced by up to 86% compared to existing data centers. In technical terms, SMCI shares are strongly above 26- and 52-weeks SMA, while a classic scenario 'recovering from bearish hugs' is happening right now.
NASDAQ:SMCI
by Pandorra
SPx continues to move towards a new bullish area.S&P 500 Index Technical Analysis The S&P 500 (SPX) has maintained its bullish trend as anticipated and continues to move towards a new bullish area. Intraday Analysis: Today, the price may stabilize above 5502 to continue the bullish trend towards 5530 and 5550. Bullish Scenario: As long as the price trades above 5502, the bullish trend is likely to continue, targeting 5530 and 5550. There is also a possibility of a price correction down to 5480 before pushing up again. Bearish Scenario: If the price drops and stabilizes below 5479, it may enter a downtrend towards 5438 and 5410. Key Levels: - Pivot Line: 5502 - Resistance Levels: 5530, 5550, 5595 - Support Levels: 5479, 5440, 5410 Today's Expected Trading Range: The anticipated movement range for today is between the resistance at 5550 and the support at 5479. Summary: Maintaining a position above 5479 supports a bullish outlook, aiming for higher resistance levels. Conversely, trading below 5479 indicates a bearish trend, with potential support targets at 5438 and below.
OANDA:SPX500USDLong
by SroshMayi
US30 - Entry Zone Update!Following on from our previous analysis where we shared the higher timeframe analysis, we are now seeing a correction which we can capitalise on. We are watching for price to move into our sell zone where we'll look for signs of reversals on lower timeframe. We are not anticipating price to create a new high so we can use 40.1k as invalidation levels for this scenario. SHORT Trade Idea: - watch for price to move into sell zone - Once there, look for signs of reversal on lower timeframe. We'll be looking for an entry trendline - Once entered, have stop loss above the correction - Target the buy zone 37k Our longer term setup will be the buy setup once we enter buy zone. Goodluck and as always, trade safe!
FX:US30
by WicktatorFX
2024-06-18 - a daily price action after hour update - sp500Good Evening and I hope you are well. sp500 e-mini futures comment: Nothing fancy to report here either. Market is in balance and bulls poking at 5560. They want a break above for 5600 and will probably get it soon. Bears shorting the resistance at 5558ish and making money but will be quick to give up, if this trades above 5563/5565. current market cycle: Max bullishness & peak bubble territory. Literally the peakiest of the peaks. Mother of all bubbles. Will end over the next weeks. key levels: 5540 - 5600 bull case: Perfect buying at the 1h 20ema today for another ath 1 point above. Bulls want 5600 next. I leave room for 1 more leg up but that’s it. No more after that. Invalidation is below 5540. bear case: Bears need to stop the higher highs and trade below the 1h 20ema. Until they do that, max bullishness. Don’t make it more complicated. Can literally buy every pullback and make money. Invalidation is above 5565. short term: As bullish as one can be. Ride it up. 1 More leg possible to 5600 but that should be it. medium-long term: Bearish. We will see 5000 over the next weeks again and 4600 over the next 12 months. Will update this time and price wise over the weekend but I expect to at least see 5000 over the next months in 2024. —updated weeks to months. current swing trade: None trade of the day: Buying 5543 or near the 1h ema or literally every 15m bear candle and scalp.
CME_MINI:MES1!Long
by priceactiontds
S&P500 - Where will we go next?Hello Traders and Investors, today I will take a look at the S&P500 . -------- Explanation of my video analysis: Fore more than a decade, the S&P500 has been trading in a pretty clean rising channel formation. We had the last retest of support in 2022, which was followed by bullish confirmation and a rally of +45% in 1.5 years. At the moment the S&P500 is neither retesting support nor resistance and the path of least resistance is simply higher. -------- Keep your long term vision, Philip (BasicTrading)
TVC:SPXLong
by basictradingtv
4