S&P 500 (SPX500USD) | Breakout or Rejection? Key Levels to Watch📊 S&P 500 (SPX500USD) – Key Technical Outlook (4H Chart)
🔹 Price Action: The market is consolidating around the 6,107 - 6,122 resistance zone (ATH area). A decisive breakout or rejection from this zone will dictate the next move.
🔹 Bias: As long as the price holds above 6,031, the bullish momentum remains intact within the ascending channel.
🔥 Potential Bullish Scenario:
✅ A 4H close above 6,127 = Breakout confirmation 🚀
📌 Targets:
📍 6,168 (first resistance)
📍 6,224 - 6,279 (next key resistance zone)
⚠️ Potential Bearish Scenario:
❌ A 4H close below 6,098 could trigger a retracement 🔻
📌 Targets:
📍 6,077 (minor support)
📍 6,031 (major support & channel base)
📍 6,010 - 5,979 (next demand zone)
🔑 Key Levels:
📍 Pivot Point: 6,098
📌 Resistance: 6,127, 6,168, 6,224-6,279
📌 Support: 6,077, 6,031, 6,010
Conclusion:
📈 Bullish bias remains intact unless price breaks below 6,098 with confirmation.
🔥 Breakout above 6,127 = new bullish leg targeting fresh highs!
⚠️ Rejection from 6,122 - 6,127 may trigger a retracement to 6,031 - 6,010 before further upside.
💬 What’s your bias? Are we breaking ATH or pulling back? Drop your thoughts below! 👇
S&P 500 (SPX500)
SPX500 Is Bearish! Sell!
Please, check our technical outlook for SPX500.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 6,125.45.
Taking into consideration the structure & trend analysis, I believe that the market will reach 6,020.86 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
SPX 500 Returns to All-Time HighsDuring the last session, the SPX 500 index gained more than 1.2% following the release of PPI data in the United States. The core PPI (m/m) remained in line with expectations at 0.3% , providing a slight relief to the market, which had been on the edge after annual CPI inflation came in at 3.0%, exceeding the 2.9% forecast.
This mixed inflation data has given the U.S. index an opportunity to recover, as it remains uncertain whether the Federal Reserve will continue its aggressive interest rate policy. Persistently high rates have been impacting domestic consumption in the U.S. for several months, and if the central bank maintains rates at 4.5% in upcoming decisions, it could eventually become a bearish factor for the SPX 500.
Momentum Builds
In recent weeks, the SPX 500 had been trading within a sideways range, with a ceiling at 6,080 points and a floor at 5,840 points. However, the growing buying momentum has now pushed the index back toward all-time highs. If bullish pressure remains strong through the end of the week, a breakout from this range could pave the way for a more significant upward movement.
MACD Indicator
Both the signal line and the MACD line remain above the neutral level at 0 , adopting a steady upward slope.
The histogram has begun to oscillate slightly above the zero level.
If these conditions persist over the next sessions, bullish momentum could continue in the short term.
Key Levels to Watch:
6,082 points – The most critical resistance level at the moment, corresponding to the previous all-time high. Sustained price action above this level could reinforce the current bullish bias, opening the door to a stronger uptrend.
5,960 points – Nearby support, aligning with the mid-range of the consolidation phase and coinciding with the Ichimoku cloud and the 50- and 100-period moving averages. If price action falls back below this level, it could strengthen selling pressure and delay the possibility of new highs in the short term.
5,840 points – Distant support level, where a pullback to this zone could put the long-term uptrend at risk.
By Julian Pineda, CFA – Market Analyst
xauusd whats next?
**Gold Prices Surge Amid Resilient Market Sentiment**
Gold prices have surged once again, driven by robust buying activity as market participants capitalized on recent dips. As of Thursday, gold (XAU/USD) has climbed to $2,920, recovering sharply from a brief decline the previous day. This rally comes despite macroeconomic and geopolitical headwinds, including persistent U.S. inflation concerns and discussions of a potential peace deal between Ukraine and Russia.
### **Key Drivers of Gold’s Rally**
1️⃣ **Inflation and the Fed:**
Gold’s momentum follows a surprising January Consumer Price Index (CPI) report, which showed hotter-than-expected inflation. While the data initially spurred concerns about prolonged Federal Reserve tightening, market participants remain confident in gold's safe-haven status. Traders seem unfazed by rising U.S. Treasury yields and the Fed’s commitment to elevated interest rates, focusing instead on gold’s resilience amid broader uncertainties.
2️⃣ **Geopolitical Tensions:**
Despite reports of peace talks between U.S. President Donald Trump and Russian President Vladimir Putin concerning the Ukraine conflict, gold's bullish trajectory remains intact. Investors appear cautious, viewing the negotiations as fraught with uncertainty. While a peace deal could ease geopolitical tensions and trigger risk-on sentiment, the market’s current preference for safety has sustained gold’s appeal.
3️⃣ **Weaker Dollar Boosting Gold:**
The U.S. Dollar Index (DXY) softened amid optimism surrounding potential peace talks, alongside currency market volatility. A weaker dollar traditionally supports gold, as the two are inversely correlated, further bolstering the metal’s recent gains.
### **Market Dynamics: Yields and Gold Diverge**
Interestingly, gold’s rally has coincided with rising U.S. Treasury yields—a divergence from historical trends. Typically, higher yields weigh on gold due to its non-yielding nature. However, this time, gold’s safe-haven allure amid inflationary pressures and geopolitical uncertainty appears to be overriding these dynamics.
The CME FedWatch tool indicates a 64.3% probability that the Federal Reserve will keep rates unchanged through June 2025, up from 50.3% before the January CPI release. This shift reflects expectations of prolonged restrictive monetary policy, which could paradoxically support gold as inflation concerns persist.
### **Technical Analysis: Bulls Eyeing Record Highs**
Gold maintains a strong bullish bias, with prices supported by the 50-period Exponential Moving Average (EMA). Currently consolidating within a key buying zone between $2,900 and $2,907, the metal’s upward trajectory remains intact.
**Key levels to watch:**
- **Immediate Resistance:** $2,918 to $2,920. A successful consolidation above this range could set the stage for a test of $2,942 and potentially a new all-time high at $2,980.
- **Support Zone:** Holding above $2,907 will be critical for sustaining bullish momentum.
### **Outlook and Risks**
As markets digest the interplay of macroeconomic data, Federal Reserve policy, and geopolitical developments, gold remains a focal point for traders. While optimism around peace talks between Trump and Putin could introduce volatility, persistent uncertainties ensure gold’s safe-haven demand stays robust.
**Takeaway for Traders:**
Gold’s resilience amidst rising yields, elevated inflation, and geopolitical uncertainty highlights its role as a reliable safe-haven asset. Watch for a breakout above $2,920 for further bullish confirmation, with potential upside targets at $2,942 and beyond.
#gold #trading #marketupdate #CPI #Powell
SPY/QQQ Plan Your Trade for 2-13: Harami Inside PatternToday's pattern is a Harami Inside pattern. This suggests the markets will stay rather muted today - attempting to stay within yesterday's high/low range.
I believe the markets are still struggling to identify a channel that will ultimately break to the downside.
You'll see in this video why I believe the markets are struggling and will attempt to confirm the multiple Excess Phase Peak patterns over the next 20+ days - attempting to move downward.
But, we do have a very interesting FLAG/CHANNEL setup on the NQ, which is somewhat confirmed on the ES.
What I can guarantee is that we will see extreme volatility over the next 20-30+ days as price moves into the Flag Apex - attempting to break away from the Apex level.
Thank you for all your support and understanding yesterday. Dad is good. No issues.
The VA out here is great (Long Beach). Probably the best center for spinal recovery in the US. I love the people up there and how they take care of my father.
I urge everyone to stay cautious until the end of this week. As you know, I expect a breakdown into new lows.
We'll see if it plays out as I expect over the next week+.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
S&P 500 Consolidation – Breakout or More Range Trading?S&P 500 (SPX) Technical Analysis
The price is currently consolidating between 6,031 and 6,098, awaiting a breakout direction.
Bullish Scenario:
Price is expected to retest 6,031 before attempting a move higher.
Stabilizing above 6,031 will allow liquidity accumulation, potentially driving a rally toward 6,080 and 6,098.
A breakout above 6,098 could extend gains to 6,122 and 6,150.
Bearish Scenario:
If the price breaks below 6,010, this could confirm a shift to a bearish trend.
Further downside targets include 5,979 and 5,920.
Key Levels:
Pivot Point: 6070
Resistance Levels: 6098, 6122, 6150
Support Levels: 6031, 6010, 5973
Trend Outlook:
Bullish above 6,031, targeting 6,098 📈
Bearish below 6,010, targeting 5,979 📉
💬 Will S&P 500 hold above 6,031 or break lower? Share your thoughts! 👇🔥
SPX Ready to pop? The pressure is buildingSPX Ready to Pop? The Pressure Is Building… | SPX Market Analysis 13 Feb 2025
The market is wound up tighter than a coiled spring, and I’m starting to wonder what will finally trigger the next move.
From a commentary standpoint, this is snooze-worthy—but from a trading standpoint, the Theta burn is quietly adding pennies to our pockets. Even if the market isn’t moving, we’re still getting paid.
Let’s break it down…
📉 SPX is Stuck – But That’s Not a Bad Thing
The market has been compressing into a tighter range, creating a pressure buildup that could snap in either direction. While traders watching for big swings are frustrated, we’re happily raking in Theta decay.
💰 Theta Burn – The Secret to Profiting in a Boring Market
In choppy or sideways conditions, directional traders get wrecked
But income traders get paid to wait, thanks to option decay
Every day that passes without a move = profits added to our pockets
📌 Overnight Futures – Still No Directional Clues
The futures market isn’t offering any strong signals 📉📈
Price compression continues, across all indexes
🚀 What Happens Next?
Eventually, this coiled spring will snap—we just don’t know when
The key is patience—we don’t need a big move to win
Whether SPX explodes up or down, we’ll be ready 💡
📌 Final Takeaway?
Sideways markets may be boring to talk about, but for income traders, they’re a steady payday. The key is knowing how to extract profits while waiting for the breakout.
Fun Fact:
📢 Did you know? The longest sideways market in history lasted nearly 17 years (1966–1982).
💡 The Lesson? Even in extended choppy periods, there are ways to profit—as long as you have the right strategy.
Bad CPI, Perfect Setup Opportunity for the S&P500Today’s CPI was really bad: 3% vs. 2.9%. Bad for markets, good for the Dollar, and everything got slapped - S&P 500 included.
But honestly, moments like this are often where the magic happens. Zoom in, and you’ll notice that the Monday Low is still sitting there untouched. In a few minutes, the New York Stock Exchange opens. What am I hoping for? A sweep of that Low, followed by a quick reversal and a push to the upside.
On the 1-hour chart, the RSI is already in oversold territory. A sell-off at the open would be the perfect entry, aiming for a 1:3 risk-reward ratio. If the market plays along, this could get real interesting real fast.
🔹 Asset: S&P 500
🔹 Timeframe: 1H
🔹 Entry: 5974.60
🔹 Stop: 5936.90
🔹 Target(s): 6085.86
SPY/QQQ Plan Your Trade For 2-12: Base Rally PatternAlthough I believe the Base Rally pattern is still valid, the markets have been wound tightly near recent highs and I belive this unwinding/breakdown is what I have been suggesting (the Deep-V breakdown) for more than 35+ days.
I believe the sticky inflation data (CPI) will overpower the Base Rally pattern today and we will see the SPY/QQQ move downward into the Deep-V lows - likely setting up by Friday/Monday of this week.
I'm sorry I'm not able to create a morning video. I'm taking my disabled VET father to his annual checkup this morning. He is still sleeping and I don't want to wake him up.
So, you get this content as a substitute.
Be prepared for the markets to FLUSH OUT a low and try to grab some easy profits throughout today and tomorrow as the markets struggle to find support.
Remember, the broader cycle patterns can sometimes overpower the Daily Cycle Patterns. This happens when NEWS overpowers a Daily cycle pattern construct. In this case, the CPI data is overpowering the Base Rally Daily Cycle Pattern.
Ultimately, the markets will find support and move into a brief recovery phase.
Get some.
Sideways Markets? Heres why Im still getting paidSideways Market? Here’s Why I’m Still Getting Paid | SPX Market Analysis 12 Feb 2025
The markets may be moving like molasses, but that’s no problem when you’re getting paid to wait. While others are watching charts in frustration, our Theta decay is quietly dripping profits into our accounts. No rush, no panic—just letting the market do its thing while we collect.
Let’s break it down…
---
SPX Deeper Dive Analysis:
📉 Markets Are Moving Sideways—And That’s OK
SPX is stuck in a range, drifting aimlessly while traders wait for direction. But unlike those who need a big breakout to make money, we’re already profiting while standing still.
💰 Theta Decay – The Power of Getting Paid to Wait
While the market meanders, options lose value
That lost value turns into profits for our income trades
Instead of hoping for a massive move, we collect steady gains
📌 The Current Market View
We still anticipate a move from the upper range to the lower range 📉
No need to force trades—our edge is patience
If SPX moves, great. If not, we still win
🔑 Why Income Trading Wins in a Sideways Market
Unlike traditional trading methods where:
❌ You need a strong directional move to profit
❌ You rely on timing the market perfectly
❌ You risk getting stopped out too soon
We simply:
✅ Let Theta decay work in our favour
✅ Profit even when the market goes nowhere
✅ Have time on our side—no need for constant action
📌 Final Takeaway?
The market may be stuck, but profits aren’t. Theta is working, our positions are intact, and there’s no stress—just steady gains.
---
Fun Fact:
📢 Did you know? The S&P 500 has spent nearly 80% of its time trading sideways rather than trending up or down.
💡 The Lesson? The market isn’t always moving—but smart traders don’t need it to. That’s why income trading thrives when others struggle.
100% Gains in Walmart! What’s Next at This Key Level?Hello readers,
Back in July 2023, I pointed out a major breakout in Walmart (WMT) after years of struggle around the $150-$154 zone. Fast forward, and here we are – Walmart has doubled in price! 📈
Of course, this isn't the raw $300 we might expect because of the 3-for-1 stock split, but the percentage gain remains a solid 100%+ from our entry.
What Now?
$100 is a round number, and historically, NYSE:WMT has reacted to these psychological levels. The market has started to range in these level, suggesting some hesitation.
Taking partial or full profits could be a smart move – but as always, the choice is yours!
This is just a reminder and a heads-up to stay aware of price action. Trade smart! 💡
Let me know your thoughts – are you holding or booking profits?
Cheers,
Vaido
Important Support and Resistance Points: 6066.50
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost".
Have a nice day today.
-------------------------------------
(ES1! 12M chart)
When looking at the Fibonacci ratio, the area marked with a circle is an important support and resistance area.
If there is an additional rise in the area where the current price is located, it is expected to determine the trend again around the left Fibonacci ratio point of 3.618 (6579.25).
If it fails to rise, it is expected to fall to the Fibonacci ratio range of 0.618 (5273.25) ~ 2.618 (5434.75).
-
(1D chart)
The point to watch is which direction it deviates from the box range of the HA-High indicator.
The HA-High indicator is formed at the 6066.50 point.
-
Since the MS-Signal (M-Signal on the 1D chart) indicator is passing around 6066.50, the 6066.50 point is expected to play an important role as support and resistance.
Accordingly, the key is whether it can be supported in the 6066.50-6106 range and rise to around the Fibonacci ratio 1 (6178.50).
If it falls below 6066.50, it is expected to fall to around 5935.75-5972.75.
-
Ultimately, if it cannot get out of the box range of the HA-High indicator, you should trade within the box range.
The box range of the HA-High indicator is 5906.50-6148.0.
-
Thank you for reading to the end.
I wish you successful trading.
--------------------------------------------------
There's a storm on my chartHi everyone,
I see two possibilities.
Blue or Brown ? (we have to see!)
Technical Section:
The Blue Path: S&P500 is completing the fifth wave of the 5th wave of a five-wave rally.
Wave 5 = 2.618 x length of Wave 1
Wave 3 = 2 x length of Wave 1
Target = 5790
The Brown Path: S&P500 is completing the fifth wave of the 3rd wave of a five-wave rally.
Wave 3 = 4.236 x length of Wave 1
Target = 6440
SPY/QQQ Plan Your Trade For 2-11 : GAP DefenderThe GAP Defender pattern is where price struggles to maintain a recent open GAP - attempting to defend against closing that GAP.
In my mind, this is the lower GAP window between 601.30 and 602.75 (yesterday's opening GAP range).
If this recent gap is filled, then I suggest the SPY will attempt to move downward (into my Deep-V breakdown) trying to target the lower GAP near 584.29.
Watch Gold and Silver as they continue to breakdown. Any big breakdown in metals should be considered a warning sign the markets are moving into a PANIC phase (selling).
We have lots of news today (Powell and other Fed members testifying) while we just found out Trump initiated a larger tariff on steel. I believe the strength of the US Dollar will continue to put pressure on global currencies - possibly leading to even more foreign market distress. This may result in a broader global market breakdown over the next 5-10 trading days.
Remember, we have the Deep-V pattern setting up this week and another Major Bottom pattern setting up on Feb 21. I interpret this as a dual-breakdown event - where price attempts to move downward and tries to identify solid support.
Bitcoin will likely follow this trend downward over the next 5 to 10+ days.
Buckle up.
It looks like today may be the day my Deep-V breakdown starts to drive prices lower for the SPY/QQQ and other major sectors.
We'll see how things play out.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Your Vote Counts - Help Build the Ultimate Index Watchlist!Hey, I need your help again - this will only take a minute!
I’ve said it before, here and to my Substackers: I want to be your reminder to invest . Because let’s be honest, steadily growing your wealth might not be thrilling but it should be your goal!
Yes, individual stocks have their place (and I’ll keep sharing ideas on those too), but indexes should be a key part of a solid portfolio. Today’s focus? Maximizing your index purchases.
📊 Proven strategy: A few weeks ago, I ran an experiment comparing QQQ (Nasdaq-100 ETF), SPY (S&P 500 ETF), and IWM (Russell 2000 ETF). Using technical analysis, I outperformed two of them. The tests showed that blind purchasing could be costly: for instance, regular SPY purchases would have left $100,000 on the table, and IWM even more.
But here’s the point: this isn’t about blindly picking an index - it’s about timing, risk optimization, and smart diversification.
💡 Now, it’s YOUR turn! Drop two indexes in the comments that you want me to analyze every single month.
You decide the final list (likely 4-5 indexes), and I’ll cover them consistently. Whether it’s S&P 500, Nasdaq-100, DAX, Euro Stoxx 50, Russell 2000, or others - you pick, I deliver.
📈 How this helps YOU?
✔️ No overthinking : "What should I buy this month?" - just wait for my post and see the TOP picks
✔️ Keeps you engaged and active in the market
✔️ Builds consistency in your investing
✔️ Ensures every allocation works harder for you
⬇️ Comment your picks below, and let’s make every move count! 🚀
Cheers,
Vaido
Bearish Bias Locked int - Now We wait for the dropBearish Bias Locked In – Now We Wait for the Drop | SPX Market Analysis 11 Feb 2025
The bullish chapter is closed, and our focus is now entirely bearish as we eye a move toward 5980. Futures are already pointing lower, teasing a 20-point drop at the open.
Will we get the full range move, or will SPX keep stalling?
Either way, we’re locked and loaded—now, we wait for the market to tip its hand.
---
SPX Deeper Dive Analysis:
📉 Bearish Positions Locked In
SPX is now fully bearish, with bullish trades wrapped up profitably or at break-even following the bear turn signal. This continues to aligns perfectly with our 6 money-making patterns, where we expect a move from range highs to range lows.
📊 Futures Hint at a Lower Open
Overnight futures are already down 20 points, suggesting:
✅ A weaker SPX open
✅ A potential move toward 5980
✅ Confirmation that momentum is shifting lower
🔍 ADD Still Has Room to Fall
Yesterday’s ADD reading hit the upper bullish extreme
That leaves plenty of downside wiggle room
If ADD pushes lower, indexes could also follow through
⏳ For Now, It’s a Waiting Game
The bearish setup is in place
Price action will dictate the next move
A clean range move to 5980 remains the primary target
🚀 Key Takeaway? The market is aligning with expectations, but we still need follow-through to lock in profits.
Fun Fact:
📢 Did you know? In 1987, the Dow dropped 22.6% in a single day—the biggest percentage crash in history. That’s the equivalent of the S&P 500 dropping over 1,000 points today!
💡 The Lesson? Even in structured markets, major moves can happen fast. This is why having a rule-based trading system keeps you ahead of the chaos.
S&P - WEEKLY SUMMARY 3.2-7.2 / FORECAST📉 S&P500 – 4th week of the base cycle (average of 20 weeks). The pivot forecast on February 3 pushed the market upward after the overnight tariff gap. If you remember, I was in a short position at Friday’s close on January 31. I got tempted by the overnight tariff hysteria and closed my position in the morning. The European morning provided a great intraday opportunity to buy back the market with a good profit and open a long position on the pivot forecast.
⚠️ The cycle’s beginning looks very bearish, with a short rise followed by a steep drop below the opening level. I anticipated this in early January. By Friday’s close, signs of a double top at the December 9 and January 29 extreme forecast levels appeared. Strong hands with stops above the double top level should have held their short positions from January 24. The impulse from the January 29 extreme forecast is still active. Two long cycles remain open, as noted in the early January post.
SPY/QQQ Plan Your Trade Update - Watching Paint Dry...Today's market seems to be trapped in a "go nowhere" zone.
Get thread though. The markets will react to my Deep-V and Breakdown patterns with some aggression in the near future (24 to 48+ hours).
Buckle up.
This is going to get very interesting as the SPY attempts to move down to 585-590 - or lower.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
SPY/QQQ Plan Your Trade For 2-10: EveningStar Island PatternThroughout the past week and a half, I've been watching the markets as I prepare for what I believe will be a sudden and fairly aggressive Deep-V setup between 2-10 and 2-13.
Yes, that means RIGHT NOW we are sitting on top of a potentially aggressive type of FLASH market move to the downside.
Will it come from news, or someone's comments (think Fed comments or news), or will it come from some other source - if it shows up at all.
I'm sticking to my Deep-V analysis because I have no reason to believe it is wrong. We may see a mild type of Deep-V pattern, but I believe it will happen anyway.
So, as we move into this week's trading, I want to urge everyone to stay very cautious of a potential FLASH breakdown into my Deep-V type of price activity.
As you may get trapped into longs and feel comfortable entering some solid bullish price trends/trades, be aware that this FLASH breakdown (Deep-V pattern) may still be lurking behind what appears to be a solid uptrend (for now).
Gold and Silver are falling - which is perfect for my Expansion Phase rally to $4400+ (gold).
Bitcoin is stalling - preparing for a breakdown.
This is the time to prepare for the rest fo 2025. Follow my research to know when you JUMP INTO the markets for greater success.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
SPX/Escalating Trade Tensions: New Tariffs on Steel and AluminumEscalating Trade Tensions: New Tariffs on Steel and Aluminum
The week began with yet another significant announcement, as President Trump, during a media briefing aboard Air Force One, declared a 25% tariff on steel and aluminum imports into the United States. He further indicated that additional reciprocal tariffs could be expected on Tuesday or Wednesday.
S&P 500 Technical Analysis
The price maintains bearish momentum, having already stabilized within a bearish zone. As long as it trades below 6,051, the market will continue its downward movement toward 6,020. A 4-hour candle closing below 6,020 would confirm a further decline toward 5,970.
However, if the price stabilizes above 6,059, it may advance toward 6,085. To establish a confirmed uptrend, the price must hold above 6,103.
Key Levels:
Pivot Point: 6051
Resistance Levels: 6079, 6103, 6143
Support Levels: 6020, 5969, 5937
Trend Outlook:
Bearish scenario: While below 6051, targeting 6020 – 5,970
Bullish scenario: Confirmation above 6059, targeting 6085 – 6103
Bullish bounce off 61.8% Fibonacci support?S&P500 is falling towards the support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 5,989.66
Why we like it:
There is a pullback support level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 5,932.99
Why we like it:
There is a pullback support level.
Take profit: 6,072.50
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
CRASH - CRASH - CRASH - Don't believe a word of it...I created this video because I'm seeing a bunch of content/videos where everyone is suddenly calling for a CRASH. and I laugh about it.
If you want to believe the markets are going to CRASH - go for it.
Sell everything. Bet the farm on the CRASH. Leverage your house and everything you own to bet on the CRASH.
It's not going to happen soon.
My research is very clear. I believe the first opportunity for a deep (more than 25-35%) market pullback will happen after late 2029 and into 2030.
Until then, we are going to see moderate pullbacks in a very solid uptrend.
Watch this video and learn why real research and modeling systems don't react to the Crash-Dummies that continually push out CLICK-BAIT.
It's time to get real about your trading and investing.
If you are following someone who continually calls for a market crash - good luck.
At some point, you are going to come to the realization they are wrong 90% of the time. Try to find someone you trust who provides clear, timely, and ACCURATE forecasts.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver