S&P500 1D Golden Cross, middle of 3y Channel, much upside to go!The S&P500 index (SPX) has been trading within a Channel Up since the final sell-off of the 2022 Inflation Crisis. The only time this pattern broke was for 4 days during the bottom formation (April 2025) of the recent Trade War.
Ahead of the first 1D Golden Cross since January 26 2023, the market looks more bullish than ever as it is trading within the 0.5 - 0.618 Fibonacci range of this Channel Up, suggesting that there is considerable upside before it tops.
The last Bullish Leg that started on the Channel Up bottom and peaked before a 1D MA50 (blue trend-line) test grew by +28.30%. Expecting a repeat of that, we may see the price targeting the 0.786 Fibonacci level at 6550 before the next 1D MA50 pull-back.
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SP500 trade ideas
Hourly SAR moved above priceThis is an earlier signal compared to the standard bearish Wolfewave entry - which is price entering back below the 1-3 line.
Here, I placed a 1:3 risk/reward ratio.
Keep in mind that there could be stop hunters just above the bear risk tolerance.
Next in line in the fractal order to mark a swing high will be the 4 hour SAR.
Standard bearish Wolfewave Target is the 1-4 line.
Alternative Targets are the Magic Lines.
Patterns can fail
Do your own due diligence.
US500 Eyes 6317 and 6510 After Historic BreakoutUS500 Eyes 6317 and 6510 After Historic Breakout
The US500 has broken out above its previous all-time high near 6147, following news of a ceasefire agreement between the U.S., Israel, and Iran.
Since then, equity markets have surged, with indices leading the rally.
US500 has now reached a fresh all-time high at 6220, confirmed by a strong weekly candle close above the former peak, adding technical value to the breakout.
Looking ahead, the US500 appears poised to extend its gains toward the 6317 and 6510 levels on the daily chart.
A stronger-than-expected Non-Farm Payroll (NFP) report could further fuel this bullish momentum.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
SPXI've been waiting patiently for a real correction in everything, but my timing was drastically off. Looks like FOMO is still in charge. My guess, stock market to ATH after ATH for a while and a final wave of FOMO for crypto will enter the air.
I believe the majority are expecting a COVID-like rebound, followed by rally continuation, but the majority tends to be wrong.
What I can tell you is the true crypto bull run will not begin on optimism, as it has been...
It will begin on pessimism.
SPX: new ATH, despite allEconomy, geopolitics, trade tariffs, inflation, Fed moves. It seems that the market got tired of all news during the previous period, and decided to take the optimistic side, despite all. The S&P 500 reached a fresh, new all-time highest level on Friday's trading session, at 6.185. With the latest move, the S&P 500 managed to erase all losses from April this year, when the index tumbled around 20% after the implementation of trade tariffs.
The weekly trade tariffs news brought a termination of talks between the U.S. and Canada. However, what moved the market the most was the news that the US Administration settled a deal on trade tariffs with China. Although details of the deal were not publicly disclosed, still the market reacted very optimistic about it.
At the same time, the latest macro figures for the US are showing that the tariffs are slowly starting to reflect in the U.S. economy. The Fed's favorite inflation gauge, the PCE index increased by 0,1% in May, which was expected. However, the Personal Income and Personal Spending in May missed heavily market estimates. The Personal Income dropped by -0,4% for the month, while Personal Spending dropped by -0,1%. Analysts are pointing that these figures are showing that the US consumers are spending less due to increased prices of goods, after implementation of tariffs. At the same time, there was a slowdown in the U.S. GDP growth rate, final for Q1 was negative for the quarter, at the level of -0,5%.
Tech companies continued to be in the focus of investors' interest. APPL closed the week at $210,08, with a modest weekly gain of 0,24%. MSFT gained 3,87% for the week, closing it at $495,94. Market favourite NVDA surged by 9,74% within a week, closing at $157,75. AMZN also had a good week with a surge of 6,33%. Despite higher volatility, TSLA ended the week at 0,33% higher, underperforming other tech companies included in the index.
SPX500 | Bulls Need Break Above 6225 to Regain ControlSPX500 | Market Overview
The price has reached the previously mentioned resistance level at 6225.
As long as it trades below 6225, a technical correction is likely, with downside targets at 6161 and 6143. From there, the index would need to stabilize above 6143 to resume a bullish structure.
However, a 1H candle close below 6143 would confirm a deeper bearish move toward 6098.
On the upside, a 1H close above 6225 would reinforce bullish momentum, with potential to reach 6250 and 6287.
Key Technical Levels
Pivot Level: 6191
Support: 6161 / 6143 / 6098
Resistance: 6225 / 6250 / 6287
06/30 Weekly Gamma Exposure Outlook🧠 SPX Weekly Outlook — Gamma Breakout + Short Week Setup
The bulls finally broke through after weeks of painful grinding — and they did so with force.
📈 Thursday & Friday brought a textbook gamma squeeze as SPX sliced through the long-standing 6100 call wall , triggering sharp upside acceleration.
We are now firmly in positive Net GEX territory.
🔺 Entire GEX structure has shifted higher.
🎯 New squeeze zone at 6225 , with major call resistance near 6200 .
🔍 What Just Happened?
📊 The 6060–6120 zone acted as a tough resistance range for weeks — until last week’s breakout.
💥 Put skew collapsed , suggesting downside hedges are being unwound.
📉 VIX and IV keep dropping , confirming a shift toward lower-volatility environment .
🧲 Strong Net GEX across expiries created sustained upward dealer pressure → we’re in long gamma mode .
✅ Bullish Bias — But Stay Tactical
We're in a bullish gamma regime , so dips are likely to be bought.
Key pullback zone to watch: 6125–6060 .
🛠️ Strategy Ideas:
• Wait for a 6060–6125 retest before re-entering longs
• Use shorter-DTE bull put spreads or 0DTE gamma scalps above 6130+
• Scale out or trim risk near 6200–6225
⚠️ Risks to Watch
We’re overextended short-term.
🚨 Losing 6130–6125 could spark a quick flush to 6050 .
Bearish signals to monitor:
• IV spike or renewed put buying
• Loss of 6100 = no-man’s land without confirmation
• Consider short-term debit put spreads if breakdown confirms
🗓️ Short Trading Week Note
🇺🇸 U.S. markets closed Friday, July 5 for Independence Day.
This compresses flows into 4 sessions. Expect:
📌 Early week dealer hedging
📌 Possible positioning unwind on Thursday
💡 Weekly Trade Idea — Structure in Place
💼 Setup:
• Put Butterfly below spot
• 3x Call Diagonal Spreads above spot (5pt wide)
• Slight net negative delta , 11 DTE
🎯 Why it works:
• Leverages IV backwardation
• Profits from time decay
• Favors a stable or modestly bullish week
• Takes advantage of horizontal skew (July 11 vs July 14)
💰 Profit Target: 10–20% return on ~$1,730 risk.
Take profits before time decay kills the center valley — don’t overstay. 🏃💨
📌 Final Thoughts:
The 6100 breakout was technically & gamma-structurally significant ,
but big moves often retest before continuing.
Let price breathe.
Stay aligned with gamma exposure profile. 🔄
July Doesn't Disappoint - S&P Nasdaq Dow Russell All RunningS&P All Time Highs
Nasdaq All Time Highs
Dow Jones closing in on All-Time Highs (and outperforming both S&P and Nasdaq recently)
Russell 2000 playing catch up and moving higher
This is melt-up at its finest
Since US/China Trade Agreement and Middle East Ceasefire Agreement, markets have used
these two events as further catalysts to continue the upside runs
Stochastic Cycle with 9 candles suggesting a brief pause or pullback in the near-term, but
a 3-5-10% pullback is still an opportunity to position bullish for these markets
I'm only bearish if the markets show that they care with price action. The US Consumer isn't breaking. Corporate Profits aren't breaking. Guidance remains upbeat. Trump is Pro Growth and trolling Powell on the regular to run this economy and market HOT demanding cuts (history says that's a BUBBLE in the making if it's the case)
Like many, I wish I was more aggressive into this June/July run thus far, but I'm doing just fine with steady gains and income trades to move the needle and still having plenty of dry powder
on the sidelines for pullbacks
Markets close @ 1pm ET Thursday / Closed Friday for 4th of July
Enjoy the nice long weekend - back at it next week - thanks for watching!!!
US 500 Index – Uptrend Channels, Support and Resistance CluesPositive price activity continues to materialise within equity indices, with several over recent sessions, successfully posting new all-time high trades.
The US 500 index is no exception, with at the time of writing (7.30am Monday 30th June) a new upside extreme just posted at 6208, see chart below.
However, such moves into new all-time high ground, which effectively is uncharted territory, can offer a challenge to traders. There is obviously difficulty in assessing where next resistance levels might stand. Just because an uptrend price pattern is evident and new all-time highs are being posted, doesn’t guarantee further price strength.
There will be levels where sellers, or resistance, are found again that might create at least a short term sell-off in price, even a more extended phase of price weakness.
However, how perhaps might we be able to judge where these levels may stand, when an asset is trading at price levels previously not seen?
Within technical analysis there is a tool that can potentially help traders gauge where next resistance might be encountered – The Uptrend Channel.
Let’s take look at uptrend channels and the US 500 index, and where possible clues might be offered to where both support and resistance levels may currently stand.
The Uptrend Channel:
We have previously discussed uptrends (and downtrends) in previous reports, so please look at our timeline for further details.
However, the basic definition of an uptrend line, is a straight line connecting previous price lows. In the chart below, we look at the US 500 index and have drawn a straight line connecting the 5095 low, posted on April 21st, with 5913, the June 23rd low.
This uptrend line today (June 30th 2025) stands at 6000, and traders may now be viewing this as a potential support to price weakness, if seen. It’s held on 2 previous occasions, April 21st and June 23rd, and may do so again, if price weakness approaches this line in the future. Please note, this is a rising trendline, so the support level will move higher each day.
Now look at the chart above again, you’ll notice we have also now drawn a trendline parallel to the lower uptrend line, which connects with the 5958 May 16th price high. This line also moves higher each day, as it too represents an uptrend and today stands at 6527.
While much will continue to depend on future market sentiment and price trends, if (and as we know within trading, it is a big if!) prices continue to move higher and post new all-time price highs, traders may be watching this uptrend channel pattern to suggest both potential support and resistance price levels.
They may argue that while support, which today stands at 6000, marked by the level of the lower limits of the uptrend channel, remains intact, potential might be for a more extended phase of price strength. Possible resistance could then be 6527, the current level of the upper limits of the uptrend channel.
Please remember, these levels will change daily, and you will need to refer to your own Pepperstone charts to update these levels on a daily basis, as they will change for each sessions.
Looking Ahead:
Today marks the end of a volatile but impressive second quarter for the US 500 index. It saw a low of 4799 on Monday April 7th in the thick of the trading carnage caused by President Trump’s trade tariffs, but since the 90 day tariff pause was announced on April 9th the index has rallied steadily to register a new all time high at 6208 in Asia this morning. That’s a bounce of 29% in Q2!
The start of Q3 isn’t likely to be without its challenges, however. There are concerns that President Trump’s $4.5 trillion tax bill, that is moving through the Senate currently, could increase the US debt burden to unsustainable levels.
Also, the July 9th tariff deadline is getting closer by the day and only 1 trade deal has been announced during the 90 day pause, despite lots of talk that 10 more deals, including India, Japan and potentially the EU are in the pipeline.
Updates on the health of the US economy this week in the form of Non-farm Payrolls on Thursday (1330 BST) and ISM Services PMI (1500 BST) could be critical if markets expectations for Fed rate cuts later in the year are to materialise, and the next earnings season for US companies begins in the middle of next week as well.
How this all unfolds could help to determine whether the US 500 keeps recording new all time highs or begins to unwind the recent upside moves as risk sentiment sours again.
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Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
S&P500 key trading level at 6130Trade Tensions:
Trump has threatened higher tariffs on Japan, criticising its refusal to import U.S. rice.
The EU is open to a trade deal with the U.S. involving a 10% universal tariff on many exports, but seeks lower rates for key sectors like pharmaceuticals and semiconductors.
Markets:
U.S. equity futures are steady after the S&P 500 posted its best quarter since 2023.
Focus remains on trade developments and ongoing disputes in Washington over a major $3.3 trillion tax bill.
Canadian stocks are outperforming, led by gold miners, as investors seek safe-haven hedges amid tariff risks.
U.S. Tax Bill:
Republican leaders are struggling to secure votes.
A controversial AI regulation amendment was rejected.
Yale economists estimate the bill would cost the bottom 20% of earners $560/year, while the top 20% gain $6,055/year on average.
Corporate News:
Apple may use OpenAI or Anthropic’s AI to upgrade Siri, potentially sidelining its own AI models.
Key Support and Resistance Levels
Resistance Level 1: 6260
Resistance Level 2: 6310
Resistance Level 3: 6350
Support Level 1: 6130
Support Level 2: 6090
Support Level 3: 6055
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
SPX: highly optimisticThe US market celebrated on Friday the US Independence Day, after highly optimistic last two weeks. Almost every day, the S&P 500 was reaching new all time highest levels, finishing Thursday trading session at 6.279. At this moment this is officially treated as a new ATH for the index. The optimism was supported by better than expected US jobs data posted during the previous week. The NFP added 147K new jobs in June, which beated market expectations. The strong US payrolls reinforced market confidence despite concerns over trade tariffs. With inflation remaining sticky and solid jobs growth, markets have increased expectations of the Fed's rate cut in September. Currently, there is relatively low odds that the next rate cut might occur at the Julys FOMC meeting.
Tech companies were again those who led the index to the upside. The leader was for one more time Nvidia, with a weekly surge of 9,7%. AMZN was traded higher by 6,3%, MSFT by 3,9%. TSLA was struggling a bit, ending the week 0,33% higher from the week before.
Weekly news regarding trade tariffs include a US-Vietnam trade deal of 20% tariffs on imports from Vietnam. At the same time, the US exports to Vietnam will be tariffs-free. However, markets are still concerned regarding the final resolution of imposed 90-days delay of implemented tariffs for almost 180 countries around the world, a period which expires in July. On the other hand, Trump's tax mega bill was passed by the US Senate on Tuesday, and is currently awaiting final approval from the House. There were many discussions during the previous period that this tax mega bill might further increase US debt levels, which will be negatively reflected in the economy.
S&P 500 - Fibonacci Resistance Intermediate wave (5) up from the 04/07/25 bottom could be nearing completion.
Minor wave 5 of (5) is close to a Fibonacci relationship with Minor wave 1.
Using leeway around the 6,208 target gives a broad zone of 6,175 to 6,220. The SPX could reach this zone on 06/27/25.
Is Now a Good Time to Invest in the S&P 500? Is Now a Good Time to Invest in the S&P 500?
The chart shows the S&P 500 in a long-term upward trend, with clear channels indicating zones from "extremely cheap" (bottom green line) to "extremely expensive" (top red line). Currently, the index is trading near the upper part of the channel, in the "expensive" to "extremely expensive" area.
What Does This Mean for Investors?
The current price level suggests the S&P 500 is expensive compared to its historical trend, increasing the risk of a short-term correction.
Historically, buying near the top of such channels has offered less margin of safety and a higher probability of pullbacks in the following months.
Investment idea
It is a good time to start investing gradually (using a dollar-cost averaging strategy, investing a fixed amount each month) rather than making a lump-sum, “all-in” investment with your savings.
This approach allows you to benefit from long-term market growth while reducing the risk of entering at a market peak.
The risks currently outweigh the potential short-term gains, and we could see better prices in the coming months.
In summary:
Now is not the time to go all-in on the S&P 500. Gradually investing each month is a sensible approach, given the elevated risk of a correction and the possibility of better entry points ahead.
SPX500 Detailed Trading Game Plan🎯 Current Market Context:
Current Price: 6,000 (Approx.)
Trend: Bullish; forming higher highs and higher lows.
Key Technical Observations:
Strong support and trendline respecting bullish structure.
Fibonacci confluence points towards potential upside momentum continuation.
Volume Profile indicating key levels at 5,950–6,000.
🚦 Trading Scenarios & Probabilistic Setups:
🟢 Scenario A (High Probability Long Trade ~65%):
Entry Zone: Current Levels (6,000–5,950) or retest to 5,863 support.
Stop Loss: Below 5,709 (critical structural support).
Targets:
Primary: 6,262 (100% Fibonacci Extension)
Secondary: 6,460 (Key Horizontal Resistance)
Risk-to-Reward: Favorable (~1:3)
🟡 Scenario B (Medium Probability Short Trade ~45%):
Entry Zone: 6,460–6,500 (strong resistance confluence)
Stop Loss: Above 6,600 (clear invalidation)
Targets:
Primary: 6,100 (structural retest)
Secondary: 5,950–5,863 (previous support zone)
Risk-to-Reward: Good (~1:2)
🔴 Scenario C (Low Probability but High Reward Long Trade ~35%):
Entry Zone: Deep retracement at ~5,408–5,106
(Invalidated if price breaks below 5,107.)
Stop Loss: Below 5,107 (firm invalidation)
Targets:
Primary: 5,950 (key resistance)
Extended: 6,460–7,176 (long-term bullish target)
Risk-to-Reward: Excellent (~1:5+), but lower likelihood of triggering.
📊 Probability & Risk Management Summary:
Scenario Probability Risk Reward Potential
A (Long) 65% ✅ Moderate High
B (Short) 45% ⚠️ Moderate Moderate
C (Long Deep) 35% ❗ Lower Very High
⚙️ Recommended Approach:
Primary Strategy: Bullish Continuation (Scenario A) due to current market structure and volume profile confirmation.
Secondary Consideration: Watch closely for Short Setup (Scenario B) only upon clear resistance signals.
Contingency Setup: Deep retracement (Scenario C) provides excellent value entry if fundamentals trigger a major correction.
🛠 Trade Management Tips:
Position Size according to scenario probabilities. Allocate larger sizing to Scenario A, cautious sizing for Scenario B, and small, speculative sizing for Scenario C.
Trailing Stops: As price approaches targets, adjust stops to lock profits progressively.
🗓 Timeline & Key Levels for Reference:
Immediate actionable trades: Scenario A (Long) setup at current levels.
Monitor closely by Mid-August 2025 for Scenario B potential short setup.
Watch closely for deep retracement scenario by November 2025 if substantial correction occurs.
🚨 Important Note: Always adjust your trades dynamically based on evolving macroeconomic and geopolitical news. These probabilities are guidelines—not certainties.
⚠️ Disclaimer:
Trading involves substantial risk and is not suitable for every investor. The information provided is purely for educational and informational purposes and does not constitute financial advice, a recommendation, or solicitation to buy or sell any financial instrument. Always perform your own analysis, consider your financial situation and risk tolerance, and consult with a qualified financial advisor before executing trades. Past performance does not guarantee future results. You alone bear the full responsibility for any investment decision you make.
Stay disciplined, trade wisely, and good luck! 🍀📊
How High is High Enough - welcome to the Void & VanityUS500 | ATH Extension and Rebalancing Outlook
What is going on beyond the surface? – Here is how I will anticipate next move.
Today , price carved a new All-Time High (ATH) , extending beyond Monday’s peak and breaching the previously defined Sell Limit Bound at 6173 .
6173 level capped prior upside and served as the structural ceiling on the weekly timeframe – would demand balance.
While price has cleared 6173 , failure to retain acceptance above it raises the possibility of a rebalancing phase —necessary before any sustainable bullish expansion. This retracement, if triggered, would offer clarity on whether this breakout is a continuation or merely a premature exploration into thin liquidity.
📌 Key Observations:
• 6173 – Breached, but yet to prove retention. A weekly close and reaccumulation above here is required to maintain bullish momentum.
• 6577–6408 – Marked as a hidden liquidity pool and potential upside target zone. Price may hunt for this range, but only if it holds structurally above 6173.
• Below 6173 – Failure to anchor here may trigger a rebalance into prior value areas before any serious upside projection takes form.
Price must find equilibrium before the next leg. Any upside without that balance risks collapsing under its own weight.
SPX500 Extends Rally on Fed Hopes and China Trade DealS&P 500 Set to Extend Record Highs
U.S. stock futures climbed on Friday, continuing this week’s strong momentum on hopes of eased trade tensions and growing confidence in multiple Fed rate cuts later this year.
Futures tied to the S&P 500 and Nasdaq 100 pointed to fresh record-high openings, while the Dow Jones was set to rise by 150 points.
Adding to the bullish tone, Commerce Secretary Lutnick announced a trade agreement with China, reducing tariff risks and easing concerns over rare earth shortages.
TECHNICAL OUTLOOK – SPX500
The index has broken into new all-time highs (ATH) and stabilized above the 6,143 resistance level, confirming bullish strength.
As long as the price trades above 6,143, the uptrend is likely to continue toward 6,225, with potential short-term pullbacks to 6,143.
A 1H candle close below 6,143 could trigger a deeper correction toward the pivot zone at 6,098.
Key Levels
Resistance: 6,175 → 6,225
Support: 6,098 → 6,041
previous idea:
SPX500 Holds Above 6,225 – Bullish Trend Intact for NowSPX500 Update – Bullish Pressure Holds Above Pivot
SPX500 continues to show bullish momentum, as highlighted in our previous analysis. The price remains supported by strong buying volume above the key pivot zone at 6,225.
As long as the price stays above this level, a retest toward 6,225 remains possible before another leg higher.
However, a confirmed break below 6,225 would signal potential bearish momentum and shift the short-term structure.
Key Levels:
• Pivot Line: 6,246
• Resistance: 6,265 / 6,287 / 6,325
• Support: 6,225 / 6,191 / 6,143