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SPX (S&P 500 Index)

2024-11-05 - priceactiontds - daily update - sp500Good Evening and I hope you are well. tl;dr Indexes - Who wants to be long into election day? That question pondered my mind couple of times today but here we are. Surprising bull strength. I said it was too soon for the bigger second bear leg down but today was also too strong for bulls at this point. No bigger opinion on today’s price action. Most markets traded back up to the 50% retracement and near their daily 20ema and that spot is as neutral as it gets. Still leaning more bearish than bullish and I would not be surprised if the Globex session sell this hard. sp500 e-mini futures comment: Bulls had a good day and a buy vacuum up to the 50% retracement and daily 20ema. Bears have to come up with something big to reverse this. On the daily chart you can see the candle bodies from 2 weeks ago stayed above 5830, which is my highest target for bulls for now. If they go above that, they might as well melt to the bear trend line 5870. current market cycle: trading range (chance that we are already in a bear trend is there) key levels: 5730 - 5840 bull case: Bulls want to get a measured move up from today, which would lead to 5900. For now I don’t think the odds are too good for that but today’s strength was also surprising. Above 5830 I think most bears will give up. Invalidation is below 5730. bear case: Bears have to defend their big leg down from last week and they should keep it below 5830. They could see this as a buy vacuum to test the daily 20ema and we go down from here. My W4 target from my weekly outlook was 5800, so we are still close enough for this to be correct. Invalidation is above 5830. short term: Leaning bearish if we stay below 5830. Want to see this reverse completely and then some. medium-long term - Update from 2024-10-13 : Very rough guess for the remaining trading weeks in 2024. Spike up, decent correction (~10%), nasty (blow off top) year end rally if earnings hold in Q4. Don’t trade based on that guess. current swing trade: Nope trade of the day: Buying US open I guess.
CME_MINI:MES1!Short
by priceactiontds
S&P500 vs VIX vs Copper/Gold Ratio. The rally continues.On this chart you can see the Volatility Index against the S&P500 and the Copper/Gold ratio. We bring this chart to you in order to show you why we think the long term trend on the stock market will be bullish for 2025. As you can see, VIX had an odd spike in August, when the stock market corrected to some degree. Since the 2008 crisis, we have had similar spikes on VIX only another two times March 2020 (COVID) and September 2011. Alls those times, the Copper/Gold ratio bottomed after a long term decline and started to rise. This rise started also a rally on the S&P500. Since the market was unphazed in August, we have strong reason to believe that it will extend its gains in 2025 too. Follow us, like the idea and leave a comment below!!
TVC:VIX
by TheCryptagon
Palantir Bullish Long-Term PlayPalantir shares rose to a yearly high near $33 in the evening trading session on Friday, September 6, after announcement Palantir joins the S&P 500 index. Palantir was one of the strongest contenders for inclusion in the broad market S&P500 index. This inclusion, as well as Dell (DELL), comes after tech companies Super Micro (SMCI) and Crowdstrike (CRWD) also joined the index earlier this year. Technical 1-month graph indicates on Reversed Head-and-Shoulders structure in development. Potentially it can bring Palantir stocks, up to $100 per share over the next several years.
P
by Pandorra
SPx / Bearish Momentum Awaits Retest, Key Levels in FocusTechnical Analysis The price will likely attempt a retest around 5,755 or 5,781, after which a renewed bearish trend could push it toward 5,675 and 5,643. Bearish Scenario: Consistent stability below 5,781 may lead to a downward move targeting 5,734. A 1-hour or 4-hour candle close below 5,734 could activate the next bearish zone. Bullish Scenario: Should the price stabilize above 5,746, some bullish momentum may emerge toward 5,781. However, a reversal with stability above 5,803 would signal potential movement upwards, with targets at 5,824 and 5,850. Further Bearish Continuation: For a deeper decline, the price should establish stability below 5,715, paving the way for a drop toward 5,675. Key Levels: Pivot Point: 5734 Resistance Levels: 5755, 5781, 5803 Support Levels: 5715, 5675, 5643
OANDA:SPX500USDShort
by SroshMayi
US Election, FED Rate Cut, 1,200+ earnings - Here we go!!!It's Election Eve and I thought it was important to share how I'm positioning for the US Election and all of the craziness that it may bring. Maybe it's all hype, maybe it's the truest test of US Democracy, maybe it's the beginning of the end. I'm not going to opine on political preference. I'm simply going to focus on current levels and what's in play. Pullback levels for me are all pretty visually friendly with EMA combos on the Daily and Weekly charts. We are 3-4% off from recent highs, the market wasn't in love with Mag 7 earnings last week, pre-election jitters are fairly obvious, and the market will be looking for a reason to do something. Expect volatility - and I hope it's nothing wild and crazy like Aug 1-5. I discuss the potential concern for a US Election where a winner is not declared and we wait days or longer for an official winner. Also a phenomenon is the Wednesday close for the S&P tends to show solid short-term direction, but I believe that's only if we see a winner Tuesday night for election night (just my opinion). I'm hedged, alerts are set, it's all happening whether we like it or not. Focus on what you can control in your trading and let's figure it out. Thanks for watching!!!
NASDAQ:NDX
by ChrisPulver
2
S&P Weekly RecapLast week saw significant moves in the S&P 500 , with Thursday’s open revealing a sharp gap down that quickly intensified into a strong sell-off. This correction unfolded despite strong earnings from “Big Tech” and was likely driven by weakness in key economic indicators, such as GDP growth and Non-Farm Payrolls, combined with uncertainty surrounding the upcoming U.S. elections. Still, the broader weekly uptrend remains intact for now, as long as the index holds above key levels. One area to watch closely is the 566.6 support, which has been tested by recent volatility. There’s no guarantee that this level will hold if selling pressure continues, so it’s a crucial line to monitor. That said, the general uptrend is considered safe above 538 , which is the major weekly low. Another significant level to watch is 561.5 , the Value Area High (VAH) of the recent weekly consolidation zone. An interesting signal was the elevated call/put ratio on Friday. This uptick suggests that, despite the sell-off, bullish sentiment remains alive, with many viewing the dip as an opportunity. The continued strength of the XLC sector further reflects this optimism, as it managed to hold firm even through the broader index’s pullback. Considering all the above, the long-term market outlook remains bullish. Key levels to watch in the coming days are 566.6 for immediate support, 561.5 as an important pivot point, and the weekly major low at 538 . Next week is packed with high-impact events, including the U.S. elections and the Federal Reserve’s interest rate decision . Both are likely to drive heightened volatility and could serve as key catalysts for market direction.
AMEX:SPYLong
by hermes_trisme
S&P500 / Bearish Pressure Builds: Key Support Levels in FocusTechnical Analysis The price will likely attempt a retest around 5,761 or 5,781, after which a renewed bearish trend could push it toward 5,675 and 5,643. Bearish Scenario: Consistent stability below 5,781 may lead to a downward move targeting 5,732. A 1-hour or 4-hour candle close below 5,732 could activate the next bearish zone. Bullish Scenario: Should the price stabilize above 5,746, some bullish momentum may emerge toward 5,781. However, a reversal with stability above 5,803 would signal potential movement upwards, with targets at 5,824 and 5,850. Further Bearish Continuation: For a deeper decline, the price should establish stability below 5,715, paving the way for a drop toward 5,675. Key Levels: Pivot Point: 5748 Resistance Levels: 5781, 5803, 5824 Support Levels: 5709, 5675, 5643
OANDA:SPX500USDShort
by SroshMayi
Can you envision S&P500 at 20k? This is why most investors fail!If you follow us through all those years then you know how fond we are of long-term patterns. Especially those of a multi-year perspective that can offer maximum reliability and as close to a flowless projection as it can get. The current chart (1M time-frame) on the S&P500 index (SPX) is no exception and you might be no strangers to it as we've published it on April 10 2024 (see chart below) when the price was still at 5200 (against 5700 now): That was at a time of high market uncertainty after a strong start to the year and as we were entering the bearish seasonality of Summer. This rise however should come as no surprise to those that can read charts and market behavior objectively. As we mentioned at the time, this is a long-term perspective that gives you the picture unfiltered with the facts only. What you see on this chart is S&P's Cycle Analysis on a century wide scale from the rally in 1921 that led to the Great Depression. Since that 'mother of all recessions', the stock market started to create a pattern of clear systemic behaviors. Each time there are fundamentals involved that merely serve as 'reasons/ excuses' to fill out and complete this pattern. ** Great Depression: 1st Bull Cycle ** Following the 1932 Great Depression bottom, the 1st Secular Bull Cycle begun, that lasted for 28.5 years (343 months) rising by +1888%. Then the Secular Bear Cycle started in the form of a Megaphone pattern. Its 1st Low was formed below the 1M MA100 (green trend-line) and the 2nd Low (the Cycle's bottom) was formed below the 1M MA200 (orange trend-line). ** Vietnam War to High Inflation: 2nd Bull Cycle ** The 2nd Secular Bull Cycle lasted for almost 26 years (311 months) and saw +2361% growth. As per our blueprint, the Secular Bear Cycle was initiated once the 1M MA50 (blue trend-line) broke. Again the 1st Low was formed below the 1M MA100 and the 2nd Low below the 1M MA200. ** Post 2008 Housing Crisis: 3rd Bull Cycle ** With regards to the current Cycle, which is what most are interested at naturally, notice how the 1M MA50 has been supporting since late 2011. It emphatically held both on the September 2022 Low (Inflation crisis bottom) and the March 2020 Low (COVID crash bottom). This indicates again that as long as it supports, the Secular Bull Cycle will be extended. Based on the previous Cycle-to-Cycle parameters the model suggests that the current Cycle should be a little than 23 years long (279 months, i.e. 32 month shorter than the previous) and rise by +2834% (+473% higher than the previous). That gives us a rough target for the S&P500 of around 20000 estimated to take place by 2032! ** New updates: Price and Time Fibonacci levels ** What we've added on the current updated analysis relative to the on in April 2024, are the Fibonacci levels both on the x (time) and y (price) axis. As you can see, the S&P is currently exactly on the 0.618 Fib price axis and between the 0.618 - 0.786 Fib time axis. That is a highly symmetric correlation with roughly the year 1992, right at the start of the Dotcom Bubble that led to the 2000 burst and subsequent crisis. The index was again on the 0.618 Fib price axis and within the 0.618 - 0.786 Fib time axis. ** Is A.I. the new Dotcom? ** It was the Internet Mania that accelerated the 1974 - 2000 Bull Cycle to its peak and this time it may be the A.I./ Blockchain/ Crypto etc Mania that may aggressively lead the current (2009 - 2032) Bull Cycle to the next Great Recession. Note that just like the Internet didn't go away because of a mere act of amazing greed (the Dotcom Bubble) but instead served as the backbone of the Age of Information and a new Economy (e-commerce, social media, digital investing etc), the A.I. Bubble that has started fueling the market since 2023 shouldn't be demonized when it pops and in our opinion won't go away but instead serve as the backbone of the next Age of Reality and Commerce (metaverse, augmented reality, robotics, artificial intelligence, electric vehicles etc). It has to be said, that the current Bull Cycle is much more similar to the 1974 - 2000 one than the 1932 - 1965, which understandable as neither banking or trading was that evolved or matured as it got with the financial engineering of the 80s and beyond. ** Conclusion ** In any case and as we are concluding this publications, all the above projections based on this 'Cyclical blueprint' may be speculation theoretically but trends that keep repeating themselves over the decades are not. Technically those patterns filter out all news, fundamentals, geopolitical, macroeconomical noise and give rise to a pure behavioral perspective, the essence of traditional Economics. So based on that model, are you also expecting to see 20000 in 8 years time? ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPX
by TradingShot
28
#202444 - priceactiontds - weekly update - sp500 e-mini futuresGood Evening and I hope you are well. tl;dr sp500: Bearish. 5730 was expected support and if bears are strong, 5800 stays resistance now. Expecting more sideways movement before another impulse down. Next target for bears is 5600 and bulls need a daily close above 5800. Thursday’s selling was strong enough for more downside but could also just have been distorted price action since it was end of the month. Friday was disappointing for bears already, which is why I think the selling is not as strong as hoped. Quote from last week: comment: Another disappointing week for the bulls. Big question now is the same as for dax and nq, was this the last before a deeper pullback or can we print 6000 before 5700? I don’t know and I am not going to pretend I do. Market is in breakout mode and the triangle has a bit more room to go. We simply need more price action because right now the market is in balance around 5870. comment: Reasoning here is almost identical to dax and nasdaq. Selling was strong enough for a second leg and a measured move leads down to 5555, which is near the 50% retracement. I won’t repeat the same stuff here what I wrote for dax. current market cycle: trading range key levels: 5700 - 6000 bull case: 6000 remains bulls target but if we get a daily close below 5700, we will likely see 5550 before 6000. If we stay above, we will continue sideways. Invalidation is below 5700. bear case: Bears need to keep the pullback shallow and probably below the daily ema 5830. If they manage, their next target is 5670 which is the weekly 20ema and below that is 5555 for the measured move target, 50% retracement and July low. Invalidation is above 5830. outlook last week: short term: Neutral. Bearish below 5820 for 5800, below 5800 we likely see 5730. Bullish above 5860 for 5880+ and above 5930 we will see 6000. → Last Sunday we traded 5846 and now we are at 5758. Outlook was ok. short term: Neutral until we break below 5700. I favor some more sideways movement before the second leg down but it should stay below 5830. medium-long term - Update from 2024-10-13: Very rough guess for the remaining trading weeks in 2024. Spike up, decent correction (~10%), nasty (blow off top) year end rally if earnings hold in Q4. Don’t trade based on that guess. current swing trade: None chart update: Added current valid bear trend lines and a potential bearish wave series down to 5555.
CME_MINI:MES1!Short
by priceactiontds
Election Volatility Shakes Up US MarketsS&P 500 ● The index retreated from its all-time high of 5,880, initiating a downward trend. ● A breakdown below the Rising Wedge pattern has been confirmed. ● Key support levels to watch: ➖ Immediate support: 5,670 ➖ Strong support: 5,400 Nasdaq Composite ● The index has hit an all-time high near the 18,750 level before beginning to retreat. ● After breaking through the trendline support, the index is currently hovering slightly above the next immediate support level. ● If it dips below this support, we could see a significant drop, potentially driving the index down to the 16,670 level. **This market volatility is consistent with historical trends during US presidential election years. The 2024 election is particularly unpredictable due to conflicting economic indicators and potential delays in results.
SP:SPXShort
by NaranjCapital
Performance of U.S. and Indian Indices (2012-2024)Comparative Performance of U.S. and Indian Indices with INR Adjustment for period (2012-2024) This TradingView chart displays a comparative performance analysis of multiple indices and assets from 2012 to 2024, measured in a mixed percentage scale. The assets include: 1. **QQQ in INR** (QQQ * USDINR): Represented in green, this line shows the Nasdaq-100 ETF (QQQ) adjusted to Indian Rupees, which has the highest performance, growing approximately +1,267.50% over the period. 2. **Nifty Midcap 150** (NIFTYMIDCAP150): In pink, this index tracks India's mid-cap companies, showing a significant growth of +883.72%. 3. **QQQ**: Shown in cyan, this is the U.S. QQQ ETF in its original USD form, with a return of +705.77%. 4. **S&P 500 in INR** (SPX * USDINR): In blue, this line represents the S&P 500 index adjusted to INR, showing an increase of +641.27%. 5. **Nifty Junior (NIFTYJR)**: Represented in purple, this index tracks India's next 50 large-cap stocks after the Nifty 50, showing a gain of +617.46%. 6. **Nifty 50** (NIFTY): In teal, this represents India’s benchmark index, which has grown by +423.78%. 7. **S&P 500** (SPX): In red, this represents the S&P 500 in its original USD form, with a performance of +336.51%. 8. **Gold in INR** (GOLD * USDINR): Represented in red, this shows the price of gold adjusted to INR, growing by +167.45%. The chart indicates that, over this time period, U.S. tech (represented by QQQ) outperformed Indian indices and other asset classes when adjusted to INR, showcasing a strong relative growth in technology-focused U.S. equities compared to Indian mid-cap, large-cap indices, and gold. The Nifty Midcap 150 also exhibited impressive growth, especially when compared to other Indian and U.S. large-cap indices. Gold, while traditionally considered a safe asset, showed the least growth in comparison to equity indices. This chart offers a clear view of the benefits of sectoral diversification, currency-adjusted performance, and asset allocation across different geographic regions.
NSE:NIFTYLong
by jatingera
S&P500: 1D MA50 hit after 50 days. Is it a buy?S&P500 just turned bearish on its 1D technical outlook (RSI = 44.346, MACD = 12.360, ADX = 37.705) as it hit yesterday the 1D MA50 for the first time since September 11th. The Channel Up since August is intact and each of its two previous Lows took place on the 1D MA100 and 1D MA200 respectively, so each time an MA period higher. The 1D RSI is also reversing on a similar pattern as those two Lows. Our Target is the top of the pattern (TP = 6,000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500Long
by InvestingScope
1
SPX 7-Minute Chart Analysis: Identifying Bullish MomentumThis SPX (S&P 500 Index) 7-minute chart provides a look into intraday bullish momentum using Heikin Ashi candles and moving averages. Here’s a breakdown of the key points and signals observed on this chart: Key Indicators and Signals: Call Signals: The chart shows multiple “Call Signal” indicators (in green) along the trend, which highlight points where buying momentum is potentially entering the market. Each of these signals aligns closely with support areas or pullbacks within the uptrend, offering opportunities for entries in line with the prevailing trend. Moving Averages (Orange and Blue Lines): Orange Line (VWAP): The orange line tracks closer to price action and appears to act as a dynamic support level, with prices bouncing off it several times as the trend progresses upward. This moving average helps confirm the short-term bullish trend. Blue Line (50 EMA or SMA): The blue moving average is further from the price but shows the overall upward trend. The price remains above this line, further confirming that bullish momentum is intact. Heikin Ashi Candles: The Heikin Ashi candles show consistent bullish candles (yellow) with few lower wicks, which indicates strong buying pressure. The limited presence of red candles reflects minor pullbacks rather than trend reversals, which is typical in a sustained uptrend. Gray Support Zone(ORB): There’s a gray support zone below the price AKA the opening range breakout, which was tested but held successfully. This area marks a key support level, as each time the price neared this zone, it bounced back, showing that buyers are defending this level strongly. Analysis and Outlook: Bullish Trend Confirmation: The consistent uptrend in SPX, supported by both moving averages and the strong Heikin Ashi candles, suggests that bullish momentum is likely to continue. The multiple “Call Signals” give confidence in the trend’s strength, indicating potential for further upside. Entry and Exit Opportunities: You could use the pullbacks to the orange moving average or gray support zone as potential entry points, aligning with the overall uptrend. Watch for continued “Call Signal” alerts near these areas for high-probability entries. Key Levels to Watch: Support: Gray zone around 5,719 - 5,720 and the orange moving average. Resistance: Look for any signs of resistance at psychological levels like 5,740 and 5,750, where some profit-taking might occur.
AMEX:IWM
by Deno_Trading
2024-10-30 - priceactiontds - daily update - sp500Good Evening and I hope you are well. tl;dr Indexes - Many bull trend lines are gone for good. Bears closed at the lows and they desperately need follow through tomorrow. If nq won’t keep the markets afloat tomorrow and drops below 20400, we will likely see a big sell off with 20200 or lower. Dax looks done, clear break of the trend line, swing shorts are juicy here. sp500 e-mini futures comment: Bull trend line is now also broken and once market prints below 5800, this is over until year end rally might try 6000 again. Same logic as dax but market is not as bearish after today. Bears need follow through below 5820 and then 5800, if they get it, buckle up. Bulls obviously want to reverse up like the past 2 weeks and trade above 5900 again. current market cycle: triangle probably broken - entering bigger trading range key levels: 5800 - 5870 bull case: Bulls need to stay above 5830 or we test 5820, followed by 5800. Today’s close does not look good. Before the close I heavily favored the bulls to reverse this again but then we saw couple of sell spikes which erased the previous lows. Market turns neutral again above 5865. Invalidation is below 5800. bear case: Bears need follow through. No surprise. 5800 is the target for tomorrow, once they get it, market is free to fall down to 5730-5740. Interesting day ahead of us. Invalidation is above 5920. short term: Leaning bearish if we stay below 5865. Best chance for bears in a long time. medium-long term - Update from 2024-10-13: Very rough guess for the remaining trading weeks in 2024. Spike up, decent correction (~10%), nasty (blow off top) year end rally if earnings hold in Q4. Don’t trade based on that guess. current swing trade: Nope trade of the day: Selling 5880 and buying 5850 has been profitable for many days now. So it was today.
CME_MINI:MES1!Short
by priceactiontds
SPX: s short break? After the winning streak during the last six weeks, the S&P 500 decided to relax a bit during the previous week. The index closed the week 0,3% lower, at the level of 5.808. While tech companies for one more time drove the markets higher, still, healthcare and manufacturing industries slowed down a bit. It should be especially mentioned TSLAs weekly performance, where shares of this company surged by 22%. This was the best performance of the company for the last 11 years, after TSLA posted better than expected Q3 results. The sentiment on the markets was mixed considering increased US Treasury yields and also effects of the hurricane in Florida. This mixed sentiment could continue during the week ahead, considering important macro data which is set for a release. The Fed's favorite inflation gauge, the PCE index and Non-farm payrolls might bring some volatility back to markets in case of any surprises from current market expectations.
SP:SPX
by XBTFX
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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPXLong
by TradingShot