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The SPX Sell Off at 5500Hi all, It has been a while since we posted as we waited for a really good trade setup. The SPX is hovering at 5500 and we believe it is the right level to sell. 1) There is a shark pattern at this level 2) RSI is overbought on every time frame except H4 and D1 3) There are smaller patterns to sell 4) There is very strong structural resistance at 5510 to 5520 The first target will be 5306 which has a great risk to reward of 1:5. We will wait for M15 divergence and a trend line break to enter.
SPREADEX:SPXShort
by JavonDias_Trading
NASDAQ a look ahead...As the NASDAQ and other major U.S. Equity Indexes face the pressure of economic uncertainty, the price action between days show that investors are not quite convinced this bull run has seen its finish line. However, we shouldn't only be looking toward private investor sentiment, but also that of the Federal Reserve's presence in the market and how the bond market reflects the Fed's position moving forward. As shown here, the all time high for the TVC:NDQ is $22,133.22. Our position is that the NASDAQ must reclaim, retest, and continue beyond the all time high in order for us to continue our confirmation on the bull run. The path described should look as shown below... In this instance, we can assume the bull run should continue. However, we should also be prepared for an alternate scenario where investors leave risk assets behind to chase non-risk assets (bonds for example). This scenario would look as shown below. All though these are not the only two possible scenarios, we can most likely expect the future to play out in a similar fashion as the examples. As for the market metrics to keep an eye on, look to TVC:US10Y for any bond yield manipulation, FRED:RRPONTSYD for market liquidity metrics, and FRED:M1V for M1 money velocity. Furthermore, keep an eye on tariffs for consumer tech ( NASDAQ:AAPL , NASDAQ:NVDA , NYSE:TSM ) and military activity ( NYSE:LMT , NYSE:RTX , NYSE:NOC ). Lastly, keep an eye on the banking and financial sector for more than likely banking deregulations withing the coming years.
TVC:NDQ
by addatheriver0808
1
Bearish StructureThe NASDAQ price action shows a clear bearish Elliott Wave structure, currently unfolding a 1-2-3-4-5 pattern. Price is in the corrective wave 4, potentially reversing around the 19,371.9 area, which overlaps with a previous supply zone. From the local high at 19,508.1, bearish momentum has increased, and we expect one final leg down toward wave 5, targeting the 19,053.1 level or even the extended 18,920 (200% Fibonacci) zone. Key levels: Resistance: 19,371.9 Support: 19,053.1 and 18,920 Potential strategy: Watch for a clear rejection around 19,370–19,400 to enter short positions targeting 19,050 or 18,920. Confirm with price action.
CAPITALCOM:US100Short
by JAG_Trader
NASDAQ Recovery Looks Fragile Below 20,500After the steep drop to 16,300, NAS100 started to recover, forming a higher low and managing to break back above the falling trendline drawn from the all-time high (ATH). While these are positive developments, in my opinion, the trend is likely to reverse to the downside soon. Technically, the index is now entering a heavy resistance zone, marked by: • The golden sell zone between the 50% and 61.8% Fibonacci retracement, • Psychological resistance at 20,000, • Major horizontal resistance around 20,500. As long as the price remains below 20,500, I favor short trades, targeting a potential drop to at least 18,000 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
TRADENATION:USTECShort
by Mihai_Iacob
8
SPY/QQQ Plan Your Trade For 4-30 : Carryover PatternToday's Carryover pattern suggests the markets may attempt to trend slightly upward after the big downward pressure/GAP sets up this morning. As many of you are already aware, I have been predicting a May 2-5 Major Bottom in the markets. I would suggest today's carryover pattern may be negated by an early breakdown in the markets. If my May 2-5 Major Bottom pattern is going to show up, the markets would likely start to break downward today and tomorrow - leading to the Major CRUSH pattern on Friday. Gold and Silver appear to be consolidating into a flagging/cradle pattern. I believe the downward pressure on the markets will likely prompt a flush-out low in metals before another big rally phase sets up. BTCUSD is stalling and will likely pull downward as my May 2-5 Major Bottom pattern plays out. Basically, HEDGE your positions. This market looks like it will roll into a moderate low over the next 4-5+ days, then base and bottom after May 10th or so. As I've suggested, I positioned for this move about 4-5 days ago. Now, I just need to ride it out and start booking profits when they happen. 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
NASDAQ:TRANShort
by BradMatheny
10
Nifty trying to break trendline resistance. As depicted yesterday we are near the trendline resistance. These trendline resistance like Mother and Father resistances are not easy to break but once broken they become a massive support zone. Nifty as we saw today is trying to break this trendline resistance which is there near 24359. Once this resistance will be crossed and we get a closing above the same we can see Nifty move swiftly towards 24538 and 24816. After closing above 24816 Nifty can move towards capturing 25K level back. Supports for Nifty remain at 23980 and 23708. Below 23708 we have the Mother and Father line support near 23365 and 23424. To know more about Mother Father and Small Child theory. To learn it to master it. Read my book. The Happy Candles Way To Wealth Creation available on Amazon in Paperback and Kindle version. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
SPY/SPX500: Bearish Setup Ahead of Key Macro Events🔍 15-Min Chart Analysis – April 30, 2025 The S&P 500 (SPX500) is currently facing resistance near the 5,560.65 zone, a confluence of a key Fibonacci level (0.382 retracement) and a rising wedge upper boundary. Price has shown signs of rejection after a recovery from the ORB low of 5,505.88, and is struggling to break above 5,557–5,560, which aligns with a prior supply zone. 🔧 Technical Breakdown: Bearish Rising Wedge Formation: Price is respecting the wedge trendlines, suggesting a potential breakdown. Fibonacci Confluence Zones: Resistance: 0.382 at 5,557.18 Support: 1.382 extension aligns with 5,508.75, which is just above the ORB low and a possible target. Short Bias Trigger: A clean break below the wedge support (~5,545) could accelerate downside. Target Zones: 🎯 First target: 5,524.39 (ORB low) 🎯 Second target: 5,508–5,505 area (Fibo 1.382 + ORB range support) 🔮 Probability Outlook: Bearish bias: 65% Bullish breakout: 25% Sideways consolidation: 10% 🧠 Macro Context: With U.S. GDP and FOMC decisions imminent, volatility is expected to spike. A break below wedge support could trigger a retracement toward key support zones. Be cautious of false breakouts as macro catalysts come into play. 📌 Watch the 5,545 level closely. Rejection + volume drop = high-probability short setup.
FX:SPX500Short
by Wavervanir_International_LLC