S&P500 This Inflation Cheatsheet shows no correction in 2025.This is a chart we first posted almost 4 months ago (August 14, see chart below) at the time of a CPI date release, where we viewed the S&P500 index (SPX) against Inflation (red trend-line) and calling for an immediate buy:
** The 1W MA50 as the ultimate Support **
Well the price jumped +11% since then from 5440 to over 6000. The first principle of this chart is that as long as the 1W MA50 (blue trend-line) is supporting, investors should stay bullish. This is because all previous multi-year rallies since August 2011 that started within a Channel Up, ended upon a 1W candle close below the 1W MA50 and transitioned into a Megaphone pattern for the new Bear Phase.
** Declining Inflation fueling stocks **
Right now we are still on a declining Inflation trend, very similar to early 2014 (ellipse shape on Inflation), while the 1W RSI of SPX is declining inside a Channel Down. This is a Bearish Divergence, which during all previous SPX Channel Up patterns, didn't make the index top until the RSI broke below its 41.50 Support (notable exception of course the March 2020 COVID flash crash which was a one in 100 years Black Swan event).
** SPX Target and timing **
As a result, while the 1W RSI trades within its Channel Down and above 41.50 and all price candles close above the 1W MA50, we expect the index to extend the multi-year uptrend to 6900, which would represent a +95.84% rise from the October 2022 bottom, similar to the February 2015 High. Notice that the December 2021 top was also of a similar magnitude (+103%).
As far as timing is concerned, we have calculated a model based on the 1W RSI top and the start of its Channel Down. As you see at that point, SPX always makes a medium-term pull-back (red Arc). This tends to be within the 0.382 - 0.618 time Fibonacci levels and on the 2011 - 2014 Bull Cycle, that was within the 0.382 - 0.5 Fib zone. As a result, applying this principle on the current Bull Cycle, the trend is now just 2 months past the 0.618 time Fib and we can expect a Cycle Top around December 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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Us500
S&P 500 is climbing upwardsS&P 500 is climbing upwards
The market’s move reflects ongoing digestion of mixed US economic data, supportive seasonality, and cautious optimism among investors.
US Economic Data Highlights
Data provided a mixed snapshot of the US economy, contributing to the market’s recent fluctuations:
- **Chicago Fed National Activity Index (Oct):** Fell to -0.40, below the expected -0.2.
- **Dallas Fed Manufacturing Index (Nov):** Came in at -2.7, worse than the forecast of -2.4.
- **New Home Sales (Oct):** Declined to 0.61M, significantly missing expectations of 0.73M.
- **Richmond Fed Manufacturing Index (Nov):** Plunged to -14, below the forecast of -10.
- **Durable Goods Orders (Oct):** Increased by just 0.2%, underperforming the 0.5% forecast.
- **Initial Jobless Claims (Nov 23):** Reported at 213K, slightly better than expected (216K), but still pointing to a resilient labor market.
- **Chicago PMI (Nov):** Dropped to 40.2, well below the anticipated 44, highlighting weakness in manufacturing.
Market Sentiment and Seasonality
Seasonality continues to work in favor of the S&P 500, as historical trends during this period often support equities. The **Fear & Greed Index**, currently at **64 points**, reflects moderate optimism and a "Greed" sentiment, which typically aligns with risk-on behavior in the markets.
Rate Cut Expectations
Markets remain focused on the Federal Reserve’s upcoming meeting on **December 18th**, with a **66,3%% probability** currently priced in for a **25 basis-point rate cut**. Such a move could provide additional support for equities by easing financial conditions, though its long-term impact remains uncertain.
Geopolitical Risks
While market sentiment has improved slightly, risks remain in the background. The ongoing war in Ukraine continues to pose threats to global stability, with potential knock-on effects on energy prices, supply chains, and economic performance.
Long-Term Trend Intact, but Volatility Likely
The S&P 500’s long-term upward trend remains intact, bolstered by supportive seasonality, stable GDP growth, and investor optimism. However, the current environment of mixed economic data and rising policy uncertainty suggests that market volatility could persist in the short term.
Broader Context
27.11 data underscored a steady but moderating US economy, while forward-looking risks remain:
- **Global Economic Outlook:** The S&P Global forecast anticipates global GDP growth of approximately 3% by 2025, with US growth slowing to below 2% next year and China toward 4%.
- **US Policy Risks:** Potential policy shifts under the new administration could elevate inflation pressures and tighten financial conditions, introducing further uncertainty for equity markets.
Implications for S&P 500
Today’s modest gain shows resilience in the face of mixed signals from economic data and global risks. With supportive seasonality and a strong likelihood of a December rate cut, the S&P 500 may find short-term support. However, investors should remain vigilant, as volatility is likely to persist amid policy uncertainties and geopolitical risks.
What’s your outlook for the S&P 500 after today’s rebound? Can the market sustain its gains, or will headwinds from mixed data and global risks take over? Share your thoughts in the comments!
S&P 500: A +0.2% Gain Following a Day of DeclineS&P 500: A +0.2% Gain Following a Day of Decline
The S&P 500 rebounded with a modest 0.2% gain today, recovering some ground after yesterday’s 0.5% decline. The market’s move reflects ongoing digestion of mixed US economic data, supportive seasonality, and cautious optimism among investors.
US Economic Data Highlights
Yesterday’s data provided a mixed snapshot of the US economy, contributing to the market’s recent fluctuations:
- **EIA Crude Oil Inventories:** Fell by -1.844M barrels, exceeding the forecast of -1M, signaling tighter supply conditions.
- **US GDP Growth (Q3, Second Estimate):** Steady at 2.8%, unchanged from the previous estimate, highlighting consistent economic expansion.
- **Personal Consumption and Spending:** October’s real personal consumption rose by just 0.1% (forecast: 0.2%), while consumer spending grew by 0.4%, meeting expectations but showing a slowdown from revised data of 0.6%.
- **Durable Goods Orders:** Increased by 0.2%, falling short of the 0.5% forecast, reflecting weaker demand for long-term goods.
- **PCE Price Index (YoY):** Increased to 2.3%, matching expectations but higher than the prior 2.1%, indicating persistent inflationary pressures.
Market Sentiment and Seasonality
Seasonality continues to work in favor of the S&P 500, as historical trends during this period often support equities. The **Fear & Greed Index**, currently at **64 points**, reflects moderate optimism and a "Greed" sentiment, which typically aligns with risk-on behavior in the markets.
Rate Cut Expectations
Markets remain focused on the Federal Reserve’s upcoming meeting on **December 18th**, with a **66,3%% probability** currently priced in for a **25 basis-point rate cut**. Such a move could provide additional support for equities by easing financial conditions, though its long-term impact remains uncertain.
Geopolitical Risks
While market sentiment has improved slightly, risks remain in the background. The ongoing war in Ukraine continues to pose threats to global stability, with potential knock-on effects on energy prices, supply chains, and economic performance.
Long-Term Trend Intact, but Volatility Likely
The S&P 500’s long-term upward trend remains intact, bolstered by supportive seasonality, stable GDP growth, and investor optimism. However, the current environment of mixed economic data and rising policy uncertainty suggests that market volatility could persist in the short term.
Broader Context
Yesterday’s data underscored a steady but moderating US economy, while forward-looking risks remain:
- **Global Economic Outlook:** The S&P Global forecast anticipates global GDP growth of approximately 3% by 2025, with US growth slowing to below 2% next year and China toward 4%.
- **US Policy Risks:** Potential policy shifts under the new administration could elevate inflation pressures and tighten financial conditions, introducing further uncertainty for equity markets.
Implications for S&P 500
Today’s modest gain shows resilience in the face of mixed signals from economic data and global risks. With supportive seasonality and a strong likelihood of a December rate cut, the S&P 500 may find short-term support. However, investors should remain vigilant, as volatility is likely to persist amid policy uncertainties and geopolitical risks.
What’s your outlook for the S&P 500 after today’s rebound? Can the market sustain its gains, or will headwinds from mixed data and global risks take over? Share your thoughts in the comments!
SPX500 / US500 Index Market Money Heist Plan on Bullish SideHallo! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist SPX500 / US500 Index Market Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry in pullback.
Stop Loss 🛑 : Recent Swing Low using 2h timeframe
Attention for Scalpers : Focus to scalp only on Long side, If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
💖Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
S&P500 Don't expect the rally to stop now.Our last S&P500 (SPX) analysis (November 18, see chart below) gave us the ideal buy entry on the 0.5 Fibonacci retracement level, with the price immediately responding with a rebound:
The rebound took place on the 4H MA200 (orange trend-line) and we are now even past the 4H MA50 (blue trend-line). Despite the strong uptrend, this rally is far from over technically, as not only is the 4H RSI below the (70.00) overbought barrier where it has given the first bearish signs near the two previous Higher Highs, but also significantly lower than the top (Higher Highs trend-line) of the September 06 Channel Up.
As a result we expect a continuation of the current Bullish Leg. The previous one peaked on the 1.786 Fibonacci extension, so our Target is now just below it at 6150.
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
S&P 500 Weekly Recap: A Struggle to RecoverLast week’s market action reflected the ongoing struggle for recovery after the previous week’s sell-off. The market opened cautiously, with buyers stepping in to regain ground lost during the prior downturn. Despite early hesitation, bulls managed to push prices higher, eventually filling the gap created by the earlier sell-off. However, this recovery faced significant resistance from sellers, resulting in minimal upward progression in daily closes.
Strength in the recovery was primarily driven by Financials (XLF), which set a new all-time high. Other sectors, however, remained subdued, aligning with the broader market's hesitant tone. While this selectivity isn’t necessarily negative on its own, when combined with other signals, it may indicate growing risk aversion and a lack of conviction among market participants.
It is also worth zooming into the lower timeframes.
The 584 level provided key support but was retested multiple times during the week, which is not a good sign for buyers. Persistent tests of support typically indicate weakening demand, and bulls should be cautious of this development. Additionally, it was remarkable to observe how the rally went precisely to the Value Area Low ( 596 ) of the previous consolidation zone. Buyers should note that the market failed to push higher and close within the value area, signaling potential exhaustion of the current recovery attempt.
The immediate objective for the bulls is to push above 596 , reclaiming the previous value area, which would provide stronger validation for the recovery. On the other hand, bears will be focused on taking down the 584 level, where there is likely big liquidity pool.
Next week is rich in terms of key events.
The FOMC minutes are scheduled for release on Tuesday, preceded by significant economic data on Wednesday. These releases will be closely scrutinized as investors remain deeply concerned about the possibility of a recession. Any signals pointing toward a slowing economy could spark fear and trigger increased volatility.
While the long-term market trend remains intact, the warning signs outlined above suggest that investors should hold off on adding to their positions for the time being.
P.S. ES futures are currently rising in the pre-market session. If this momentum doesn't transform into a sell-off after the bell, it will certainly be a positive sign for the buyers.
S&P 500: Gains Driven by Data, Eyes on Key Events Next WeekS&P 500: Gains Driven by Data, Eyes on Key Events Next Week
The S&P 500 ended the week on a positive note, buoyed by strong economic data, robust corporate earnings, and supportive seasonality. However, investors are shifting their focus to critical upcoming events: the FOMC meeting on Tuesday and the PCE inflation report on Wednesday. These events have the potential to set the tone for the markets for the remainder of the year.
Mixed Economic Data
The past week brought a blend of economic data, with some encouraging signals and a few disappointments:
Initial Jobless Claims (Nov. 16): At 213K, the result came in better than the 220K consensus, underscoring the resilience of the labor market and reducing recession fears.
Philadelphia Fed Manufacturing Index (Nov.): Disappointed at -5.5 against expectations of 8, reflecting continued weakness in the manufacturing sector.
Michigan Consumer Sentiment Final (Nov.): Came in at 71.8, below the 73.7 forecast, indicating a slight dip in consumer confidence.
S&P Global Services PMI Flash (Nov.): Surprised to the upside with a reading of 57.0, exceeding the expected 55.2, highlighting the strength of the services sector.
Nvidia Shines Bright
Corporate earnings added to the bullish sentiment, led by Nvidia's impressive Q3 results. The company reported revenue of 35.08 billion dollars, significantly above the consensus estimate of 33.17 billion dollars. As a leader in AI-related technology and semiconductors, Nvidia's results lifted the broader tech sector and contributed to the S&P 500’s gains.
Market Sentiment and Seasonality
The Fear & Greed Index currently stands at 61, in the "Greed" zone, indicating a risk-on environment as investors show confidence in equities. Seasonality also plays a crucial role. Historically, the S&P 500 benefits from end-of-year trends, especially in an election year, when policymakers often aim to maintain market stability.
Challenges Ahead
While the current momentum is positive, the market faces significant tests next week with two major events:
FOMC Meeting (Tuesday): The Federal Reserve’s policy decisions and commentary will be in the spotlight. Investors will look for signals on whether the Fed plans to pause or keep the door open for further rate hikes in 2024.
PCE Inflation Report (Wednesday): The core PCE inflation data, the Fed's preferred measure of price pressures, could shape expectations for monetary policy. A higher-than-expected reading might increase concerns about further tightening, while a lower figure would reinforce the soft landing narrative.
Lingering Risks
In addition to the upcoming macroeconomic events, investors remain wary of:
Trade Policy: Former President Donald Trump’s proposed tariffs on imported goods could stoke inflation and weigh on economic growth.
Geopolitics: The ongoing risk of escalation in the Ukraine conflict continues to loom over global markets.
Soft Landing: The Baseline Scenario
Looking at the current data, the S&P 500 appears to be on the path to a soft landing, supported by a strong labor market and robust technology sector performance. Favorable seasonality—both year-end trends and election-year dynamics—further bolsters the case for continued gains, which remains the baseline scenario for now.
Conclusion
The S&P 500 has shown strength, but next week’s FOMC meeting and PCE inflation report could reshape market dynamics. The key question is whether the data will support the soft landing narrative or signal a need for further monetary tightening.
What are your thoughts on the S&P 500’s outlook given the upcoming Fed meeting and inflation data? Will the index sustain its rally, or are we in for increased volatility? Share your insights in the comments.
S&P 500: Gains Driven by Data, Eyes on Key Events Next WeekS&P 500: Gains Driven by Data, Eyes on Key Events Next Week
The S&P 500 ended the week on a positive note, buoyed by strong economic data, robust corporate earnings, and supportive seasonality. However, investors are shifting their focus to critical upcoming events: the FOMC meeting on Tuesday and the PCE inflation report on Wednesday. These events have the potential to set the tone for the markets for the remainder of the year.
Mixed Economic Data
The past week brought a blend of economic data, with some encouraging signals and a few disappointments:
Initial Jobless Claims (Nov. 16): At 213K, the result came in better than the 220K consensus, underscoring the resilience of the labor market and reducing recession fears.
Philadelphia Fed Manufacturing Index (Nov.): Disappointed at -5.5 against expectations of 8, reflecting continued weakness in the manufacturing sector.
Michigan Consumer Sentiment Final (Nov.): Came in at 71.8, below the 73.7 forecast, indicating a slight dip in consumer confidence.
S&P Global Services PMI Flash (Nov.): Surprised to the upside with a reading of 57.0, exceeding the expected 55.2, highlighting the strength of the services sector.
Nvidia Shines Bright
Corporate earnings added to the bullish sentiment, led by Nvidia's impressive Q3 results. The company reported revenue of 35.08 billion dollars, significantly above the consensus estimate of 33.17 billion dollars. As a leader in AI-related technology and semiconductors, Nvidia's results lifted the broader tech sector and contributed to the S&P 500’s gains.
Market Sentiment and Seasonality
The Fear & Greed Index currently stands at 61, in the "Greed" zone, indicating a risk-on environment as investors show confidence in equities. Seasonality also plays a crucial role. Historically, the S&P 500 benefits from end-of-year trends, especially in an election year, when policymakers often aim to maintain market stability.
Challenges Ahead
While the current momentum is positive, the market faces significant tests next week with two major events:
FOMC Meeting (Tuesday): The Federal Reserve’s policy decisions and commentary will be in the spotlight. Investors will look for signals on whether the Fed plans to pause or keep the door open for further rate hikes in 2024.
PCE Inflation Report (Wednesday): The core PCE inflation data, the Fed's preferred measure of price pressures, could shape expectations for monetary policy. A higher-than-expected reading might increase concerns about further tightening, while a lower figure would reinforce the soft landing narrative.
Lingering Risks
In addition to the upcoming macroeconomic events, investors remain wary of:
Trade Policy: Former President Donald Trump’s proposed tariffs on imported goods could stoke inflation and weigh on economic growth.
Geopolitics: The ongoing risk of escalation in the Ukraine conflict continues to loom over global markets.
Soft Landing: The Baseline Scenario
Looking at the current data, the S&P 500 appears to be on the path to a soft landing, supported by a strong labor market and robust technology sector performance. Favorable seasonality—both year-end trends and election-year dynamics—further bolsters the case for continued gains, which remains the baseline scenario for now.
Conclusion
The S&P 500 has shown strength, but next week’s FOMC meeting and PCE inflation report could reshape market dynamics. The key question is whether the data will support the soft landing narrative or signal a need for further monetary tightening.
What are your thoughts on the S&P 500’s outlook given the upcoming Fed meeting and inflation data? Will the index sustain its rally, or are we in for increased volatility? Share your insights in the comments.
S&P 500: Gains Driven by Data, Eyes on Key Events Next WeekThe S&P 500 ended the week on a positive note, buoyed by strong economic data, robust corporate earnings, and supportive seasonality. However, investors are shifting their focus to critical upcoming events: the FOMC meeting on Tuesday and the PCE inflation report on Wednesday. These events have the potential to set the tone for the markets for the remainder of the year.
Mixed Economic Data
The past week brought a blend of economic data, with some encouraging signals and a few disappointments:
Initial Jobless Claims (Nov. 16): At 213K, the result came in better than the 220K consensus, underscoring the resilience of the labor market and reducing recession fears.
Philadelphia Fed Manufacturing Index (Nov.): Disappointed at -5.5 against expectations of 8, reflecting continued weakness in the manufacturing sector.
Michigan Consumer Sentiment Final (Nov.): Came in at 71.8, below the 73.7 forecast, indicating a slight dip in consumer confidence.
S&P Global Services PMI Flash (Nov.): Surprised to the upside with a reading of 57.0, exceeding the expected 55.2, highlighting the strength of the services sector.
Nvidia Shines Bright
Corporate earnings added to the bullish sentiment, led by Nvidia's impressive Q3 results. The company reported revenue of 35.08 billion dollars, significantly above the consensus estimate of 33.17 billion dollars. As a leader in AI-related technology and semiconductors, Nvidia's results lifted the broader tech sector and contributed to the S&P 500’s gains.
Market Sentiment and Seasonality
The Fear & Greed Index currently stands at 61, in the "Greed" zone, indicating a risk-on environment as investors show confidence in equities. Seasonality also plays a crucial role. Historically, the S&P 500 benefits from end-of-year trends, especially in an election year, when policymakers often aim to maintain market stability.
Challenges Ahead
While the current momentum is positive, the market faces significant tests next week with two major events:
FOMC Meeting (Tuesday): The Federal Reserve’s policy decisions and commentary will be in the spotlight. Investors will look for signals on whether the Fed plans to pause or keep the door open for further rate hikes in 2024.
PCE Inflation Report (Wednesday): The core PCE inflation data, the Fed's preferred measure of price pressures, could shape expectations for monetary policy. A higher-than-expected reading might increase concerns about further tightening, while a lower figure would reinforce the soft landing narrative.
Lingering Risks
In addition to the upcoming macroeconomic events, investors remain wary of:
Trade Policy: Former President Donald Trump’s proposed tariffs on imported goods could stoke inflation and weigh on economic growth.
Geopolitics: The ongoing risk of escalation in the Ukraine conflict continues to loom over global markets.
Soft Landing: The Baseline Scenario
Looking at the current data, the S&P 500 appears to be on the path to a soft landing, supported by a strong labor market and robust technology sector performance. Favorable seasonality—both year-end trends and election-year dynamics—further bolsters the case for continued gains, which remains the baseline scenario for now.
Conclusion
The S&P 500 has shown strength, but next week’s FOMC meeting and PCE inflation report could reshape market dynamics. The key question is whether the data will support the soft landing narrative or signal a need for further monetary tightening.
What are your thoughts on the S&P 500’s outlook given the upcoming Fed meeting and inflation data? Will the index sustain its rally, or are we in for increased volatility? Share your insights in the comments.
S&P500 INDEX (US500): One More Bullish Confirmation
S&P500 leaves one more bullish clue after a recent test of a daily support.
This time, the price managed to violate a resistance line of a falling
parallel channel.
With a high probability, the index will reach 5954 level soon.
❤️Please, support my work with like, thank you!❤️
US500 Will Go Higher! Long!
Please, check our technical outlook for US500.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 5,902.9.
Taking into consideration the structure & trend analysis, I believe that the market will reach 6,123.9 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
S&P500: Bottom formed on the 4H MA200. Target 6,140.The S&P500 is neutral on its 1D technical outlook (RSI = 51.959, MACD = 37.160, ADX = 31.912) as it is on a sideways trade forming the new bottom of the Channel Up between the 4H MA50 and 4H MA200. The 1D RSI is on a bullish divergence that was present on both prior bottoms. Both rose by at least +5.30% after. That rise projection from the bottom is our target (TP = 6,140).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Bearish reversal?S&P500 is rising towards the pivot and could reverse to the pullback support.
Pivot: 5,961.93
1st Support: 5,902.96
1st Resistance: 6,027.61
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
S&P500 INDEX (US500): Your Trading Plan Explained
S&P500 index is testing a recently broken daily horizontal resistance.
With a high probability, it turned into support.
To buy the market with a confirmation, pay attention to a double bottom
pattern on a 4H.
If the price breaks and closes above 5899, it will give us a strong bullish confirmation.
The market will go up at least to 5954 level then.
If the price drops lower and sets a new lower low, the setup will be invalid.
❤️Please, support my work with like, thank you!❤️
S&P Weekly Recap: Rally Falters Amid Lack of ConvictionLast week’s market action delivered a reversal in sentiment, highlighting the fragility of the rally that had persisted since the so-called "Trump rally." The week began slowly, with the market testing buyers’ conviction to push prices higher. After confirming a lack of such conviction, sellers stepped in, driving prices sharply lower. As suggested in my previous recap, 585 (VAH) provided temporary support, and the week closed near this critical level.
Interestingly, most major sectors participated in the downward move, aligning with the broader market trend. However, XLF (Financials) stood out as the exception, managing to post gains despite the sell-off. This divergence suggests that there is still buying interest, with money continuing to flow selectively into the market.
The immediate objective for the bulls is to hold 585 and attempt to fill Friday’s gap. Failure to do so, with the price returning to the 568-585 range , would indicate that the rally is nearing exhaustion. While this would not immediately signal a transition into a bear market, it would mark a notable shift in sentiment. The 568 level remains critical for buyers; as long as it holds, the broader uptrend stays intact, and bulls maintain the upper hand. Meaning that I keep "bullish" outlook.
This week, the market’s attention will be on NVIDIA's earnings on Wednesday. While the previous report didn’t cause much volatility, traders will be closely watching for any surprises that could influence market momentum.
S&P500 completed a 0.5 Fib correction. Strong buy opportunity.The S&P500 index (SPX) reached on Friday the 0.5 Fibonacci retracement level, a technical correction that started after the price made a Higher High at the top of the 2-month Channel Up. The 1D MA50 (blue trend-line) has been tested (and held) already on the day of the U.S. elections, so now we are technically still on the new Bullish Leg of the pattern.
As you can see, since the April 19 2024 bottom and the start of the even longer Bullish Megaphone pattern, every time a pull-back stopped within the 0.382 - 0.5 Fib range, the index resumed the bullish trend towards the -0.618 Fib extension. The 1D MACD with its Bullish and Bearish Crosses, is also illustrating this symmetry.
As a result, we believe that the current pull-back is over and we are now targeting 6210, which is within to potential -0.618 Fib targets.
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Bullish bounce off 50% Fibonacci support?US500 is reacting off the pivot and could rise to the 1st resistance level which is a pullback resistance.
Pivot: 5,868.86
1st Support: 5,772.69
1st Resistance: 6,011.91
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
S&P500 - Long from trendline !!Hello traders!
‼️ This is my perspective on S&P500.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. My point of interest is imbalance filled + rejection from trendline.
Like, comment and subscribe to be in touch with my content!
Bullish bounce off pullback support?US500 is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 5,883.74
1st Support: 5,817.25
1st Resistance: 5,963.68
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
S&P500: No signs of correcting as long as the 1D MA50 supports.S&P500 is on excellent bullish technicals on the 1D timeframe (RSI = 63.046, MACD = 60.810, ADX = 33.473) as it is capitalizing on the 1D MA50 bounce on the day of the U.S. elections. The long term Channel Up is still in full effect since September 2023 and even though we are close to its top, the uptrend can be extended for as long as the 1D MA50 supports. We have so far 3 corrections inside this Channel Up. The two prior to the current one, rebounded to or very close to the 2.618 Fibonacci extension. Based on that, we are targeting long term this level (TP = 6,400) for as long as the 1D MA50 holds.
See how our prior idea has worked out:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
US500 Is Going Down! Sell!
Here is our detailed technical review for US500.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 5,996.5.
Considering the today's price action, probabilities will be high to see a movement to 5,900.6.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
S&P500 Is Approaching Key Support Level.Hey Traders, In today’s trading session, we’re keeping a close watch on the US500 for a potential buying opportunity around the 5800 zone. The index is currently trading in an uptrend, but we’re seeing it enter a corrective phase. This correction is bringing it back toward the 5800 support and resistance area, a critical zone that aligns with the broader upward trend.
The 5800 level could serve as a strong entry point, offering an opportunity to join the prevailing uptrend at a favorable price. If price action confirms support at this level, it may signal a potential rally continuation in line with the broader market momentum.
As always, ensure you manage risk and stay cautious in your entries.
Trade safe,
Joe