$SPX Analysis, Key Levels and Targets for Today & Tomorrow6150-6120 is the implied move for today from options.
We are just under ATH’s and we have a red signal line
SP500 trade ideas
SPX500 to find a top?US500 - 24h expiry
Price action continues to trade around the all-time highs.
Previous resistance located at 6102.
A 5 wave bullish count has been completed at 6107.
There is scope for mild buying at the open but gains should be limited.
Further downside is expected and we prefer to set shorts in early trade.
We look to Sell at 6102 (stop at 6147)
Our profit targets will be 6003 and 5955
Resistance: 6102 / 6107 / 6179
Support: 6003 / 5955 / 5886
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The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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Bulls and Bears zone for 01-23-2025Yesterday SPX had gap up opening, narrow range bar accompanied by high volume and closed in bottom half. Just an observation.
Level to watch: 6112 --- 6114
S&P 500 Analysis: Approaching All-Time High with Critical LevelsS&P 500 Analysis
The price has risen approximately 1.00% since yesterday, driven by strong earnings results. It is currently aiming to reach the (ATH) of 6100. A pullback to 6073 and 6051 is likely if the price stabilizes below this level.
However, if a 4-hour candle closes above 6100, the bullish trend is expected to continue, targeting 6143.
Key Levels:
Pivot Point: 6100
Resistance Levels: 6120, 6143
Support Levels: 6073, 6051, 6020
Trend Outlook:
Bullish if the ATH of 6100 is broken.
Bearish while the price remains below 6100.
previous idea:
JPY bags are heavy. Redridge Capital is back with vengeance.
This time we are shorting S&P via 7-10 days OTM puts strikes at 5800-5820 and some short positions in Netflix as well.
The rationale behind this trade is that the traders might be underestimating the associated volatility that might come with the next Bank of Japan meeting. We are expecting a hawkish outcome which will unwind USDJPY longs and start to unwind the froth in the risk assets as well.
The time to strike is now.
WHAT'S FLOWING: FX & ASIA The visual shows a mix of bullish and bearish setups across various assets, indicating a diverse market sentiment. Here’s a breakdown of the flow:
Bullish Assets:
1. EUR/CAD - Indicating potential upward momentum, likely off strong support.
2. NZDJPY - Suggesting renewed buying interest around key levels.
3. AUD/CHF - The chart points to buyers stepping in, pushing prices higher.
4. SG30 (Singapore 30 Index) - A strong bullish continuation with new highs being tested.
5. CHINAH (HONG KONG CHINA H-SHARES) - A bullish setup on the daily with fair value above the market.
Bearish Assets:
1. SPX500 (S&P 500) - Facing resistance and showing signs of weakness, likely due to profit-taking or risk-off sentiment.
Observations:
• Gold (XAU/USD) appears range-bound but leans slightly bearish in the short term, with resistance overhead.
• Several FX pairs (e.g., EUR/CAD, AUD/CHF) align with risk-on moves, while indices like SPX500 counter the flow.
Strategy:
• For bullish assets, watch for pullbacks to support levels as entry points.
• For bearish assets, monitor breaks below key support levels for short opportunities.
• Keep an eye on fundamentals like central bank policies or macroeconomic data, as they could influence these flows.
It seems the market sentiment is mixed, with certain sectors showing resilience while others struggle, offering opportunities for both long and short positions depending on your risk appetite.
SPX500 H4 | Potential bullish bounceSPX500 is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 6,042.53 which is an overlap support.
Stop loss is at 5,995.00 which is a level that lies underneath an overlap support.
Take profit is at 6,102.21 which is a multi-swing-high resistance.
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Hellena | SPX500 (4H): LONG to resistance area 6104 (Wave 3).Colleagues, I see that the price has completed wave “4” and is now forming wave “5” of the higher order.
I believe that the price may go into correction in the lower wave “2” to the area of 50% Fibonacci level 5896.9, after which I expect the upward movement to continue to the resistance area 6104.
The upward movement is the priority, so I warn that the price may just continue to move upward, updating the wave “1”.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Conflicting signals for the S&P 500 just off its record highThe S&P 500 closed less than 4 points from its record high on Wednesday. On one hand, the reversal candle with bearish volumes suggest a pullback, on the other we've seen bears humbled under similar scenarios over the past 18 months. Today I explain why I think a bullish breakout is on the cards, while highlighting my bearish concerns for market positioning.
Matt Simpson, Market Analyst at City Index and Forex.com
Nightly $SPX / $SPY Predictions for 1.23.2024🔮
📅 Thu Jan 23
🗓️ Day 4
📍 WEF Annual Meetings
⏰ 8:30am
📊 Unemployment Claims: 221K (prev: 217K)
⏰ 11:00am
🎙️ President Trump Speaks
🛢️ Crude Oil Inventories: -0.1M (prev: -2.0M)
💡 Market Insights:
📈 GAP ABOVE HPZ:
If we gap up once more, we will break all-time highs. This will be met by a big decline to juice liquidity.
📊 OPEN WITHIN EEZ:
Only resistance left, looking for a small pop up into the weekly zone to get a drop back down into the HCZ and HEL.
📉 GAP BELOW HCZ:
We will likely get a small bounce, hold, and chop down.
#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
SPX500The S&P 500 (SPX500) is a stock market index that tracks the performance of 500 of the largest publicly traded companies in the U.S. It covers various sectors, including technology, healthcare, finance, and consumer goods, making it a broad measure of the U.S. economy. The index is widely used by investors as a benchmark for market performance and is influenced by economic data, interest rates, and corporate earnings. Known for its stability compared to NAS100, SPX500 is a key indicator of overall market trends.
SPX 500 Returns to All-Time HighsAfter two days of Trump’s official inauguration at the White House, the market maintains a short-term optimistic bias. This has allowed the price to rise by more than 1.5% as expectations grow for low-tax policies that could potentially boost domestic consumption in the United States.
Steady Trend:
The growing wave of buying positions has brought focus back to the long-term trend that has persisted in the stock index for several months. However, the price will now need to confront the resistance zone at all-time highs to confirm the bullish bias in the coming sessions.
RSI:
At the moment, the RSI line maintains a significant upward slope and marks levels above the neutral zone at 50. However, it is approaching the inflection point near the overbought zone marked by the 70 level of the indicator. RSI oscillations near this zone could begin to trigger bearish corrections in the actual resistance as an imbalance of long positions starts to emerge.
Key Levels:
6.082: The most important short-term resistance level, coinciding with all-time highs and the upper Bollinger Band. Consistent oscillations above this level could set a new record high and reinforce the formation of the long-term bullish trend.
5.963: A nearby support level, located in the middle of the current small lateral range, which could serve as a resting point for future bearish corrections in price.
5.847: The definitive support level, where the latest market lows coincide with the barrier marked by the 100-period moving average. Persistent price oscillations below this level could jeopardize the current long-term bullish bias and pave the way for a fresh wave of selling pressure.
By Julian Pineda, CFA - Market Analyst
[01/20] GEX Outlook: Decision, Key Levels and Looming VolatilityLooking at the GEX levels through Friday, we can see that since mid-December, the market has been moving in a slightly downward channel.
Above 6000–6025: A call gamma squeeze is expected.
Between 5925 and 6000: A sideways “chop zone.”
Below 5925: The high-volatility zone begins, with 5800–5850 acting as our major support/resistance level characterized by heavy put dominance.
Below that level lies a “total denial zone.” We’ve seen this scenario before—think back to the red candle on December 18, when the price broke below that threshold. This “red zone” is currently around 5800, so below 5925 we can anticipate large-amplitude moves.
At this point, the market still does not seem worried about significant volatility. Until Friday, all NETGEX values for every expiration are positive , so market participants are pricing in more of a sideways movement. We haven’t yet seen a big pickup in volatility.
I’m not pessimistic, but keep in mind that Trump’s inauguration might usher in a high-volatility period—something the market and many retail traders haven’t experienced in a while. Better safe than sorry.
SPX LongI believe this point of volatility for SPX is high. Upcoming days I expect the volatility will calm down and the price of the asset will be higher than the current levels. my short-term target is 6026.
S&P500: Be careful of this 4H Golden Cross.S&P500 is on a very healthy bullish 1D technical outlook (RSI = 61.261, MACD = -3.250, ADX = 30.268) and on 4H it is about to form the first Golden Cross since August 21st 2024. During these 5 months, the trend has been heavily bullish but the 4H Golden Cross only managed one last High before the price corrected again to the 1D MA100. The 4H RSI indicates that we might technically be at the start of this final High pricing. For now we will stay bullish (TP = 6,165) but after that, we will only buy again on the 1D MA100.
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S&P 500 New All Time High !!!The markets are on fire today with the S&P 500 doing amazing things !!
So many people called the top in November and December.
They were wrong !! Looking forward to this crazy year continuing !!
S&P Short1)Trend defined. Daily range.
2)Contradictory limit order entry. At the upper extreme of the 1h range.
3)Default loss. Above the starting point of a massive bearish move.
4)Default target level. 4.09.
5)Risk <= 3%.
6)Singular trade.
7)Trades placed today <= 5.
S&P 500 index Wave Analysis 22 January 2025
- S&P 500 index broke resistance levels 6000.00 and 6060.00
- Likely to rise to resistance level 6110.00
S&P 500 index recently broke the resistance levels 6000.00 (top of the previous minor correction) and 6060.00 (top of the previous wave B from December).
The breakout of these resistance levels accelerated the active intermediate impulse sequence (3) from the start of January.
Given the strong multi-month uptrend, S&P 500 index can be expected to rise to the next resistance level 6110.00, top of the previous impulse wave (1).
SPX500 Bullish Bias!
HI,Traders !
SPX500 is trading in an
Uptrend and the Indice has
Formed a bullish flag
Pattern so as the Indice
Is breaking out we
Are bullish biased
And we will be expecting
A further move up!
Comment and subscribe to help us grow!
SPX/ Critical Price Zones and Bullish trend The current price action is trading at a bullish level within a sensitive zone, marked between 6,102 and 6,002. For today's projection, the price is expected to initially test the upper boundary of this zone at 6,102. Upon reaching this resistance level, it is anticipated that the price will face rejection, leading to a short-term correction. However, following this retracement, bullish momentum may resume, driving the price upwards again with an aim to break the last resistance level at 6,102.
If this breakout occurs, the market would likely establish a new high level, signaling a continuation of the uptrend. Conversely, for a bearish scenario to unfold, the price would need to decisively break below the 6,002 support level. This would require a 4-hour candle to close below this critical zone, confirming a downward trend. If such a break occurs, it could lead to a significant price drop, potentially targeting the lower support levels.
Trump: The Catalyst for the Wall Street MovementBy Ion Jauregui - ActivTrades Analyst
Yesterday Wall Street closed in green, with the Dow Jones Industrials up 1.24% to 44,025 units, while the S&P 500 advanced 0.88% to 6,049 points and the Nasdaq rose 0.64% to close at 19,756 points. This optimism in the markets was mainly driven by expectations about President Donald Trump's future economic measures. One of the factors that generated confidence among investors was the perception that Trump's tariff policies, which include the possible imposition of 25% tariffs on Mexico and Canada as of February 1, would be more moderate than expected. This, in turn, stimulated risk appetite in the markets, encouraging a positive close for Wall Street's major indices.
Traders are likely to be particularly attentive to the president's policies related to public debt, tariffs, taxes and immigration. The U.S. economy relies heavily on steady immigration and relatively cheap labor. The cessation of this immigration flow could lead to price increases in various sectors, which would increase inflation. In addition, the mass deportation of immigrants could lead to an increase in labor demand and, therefore, a rise in wages, which would also have an inflationary impact.
On the other hand, the trade agreement between Mexico and Europe was also on investors' radar, given its potential impact on tariff dynamics and international trade. The recent renewal of the trade agreement between Mexico and the European Union could ease some of the trade tensions that had been worrying markets. This agreement strengthens economic ties between the two regions, which could partially mitigate the negative effects of the tariffs imposed by Trump. At the same time, it improves the outlook for European and Mexican companies that depend on smooth trade, which ultimately benefits global investors as well.
On the corporate front, the shares of some of the major technology companies benefited from the good market climate. Nvidia (NVDA) and Amazon (AMZN) rose 2%, while Alphabet (GOOGL) advanced 1%. However, Apple (AAPL) experienced a 3% drop after receiving a downgrade from two analyst firms. By sectors, industrials (+2.03 %) and real estate (+1.83 %) led the gains, while the energy sector closed negative with a 0.64 % drop. Among the 30 largest listed companies in the Dow Jones, 3M (MMM) and Caterpillar (CAT) were the main gainers, with increases of 4.16 % and 3.58 %, respectively.
In the commodities markets, US WTI fell by 2.5 % to 75.89 dollars per barrel, while gold rose to 2,757 dollars per ounce. The euro maintained its exchange rate at 1.0427 dollars.
In summary, investor optimism on Wall Street was driven by the expectation that Donald Trump's economic policies, especially regarding tariffs and immigration, could be less stringent than anticipated. In addition, the renewal of the trade agreement between Mexico and the European Union brought an additional dose of stability to the market. However, risks stemming from the uncertainty surrounding these policies remain a key variable to follow in the coming weeks.
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SP500 market structure analysis on 4h and M15 timeframes- 4H swing is bearish => Current is pullback.
- M15 swing is bearish
High probability of price decrease following the main trend of 4H timeframe.
We can look for selling opportunities in the supply zone of 15min timeframe
S&P500 smashed every Resistance on its way to 6350.The S&P500 index (SPX) hit and rebounded today on the 1D MA50 (blue trend-line), following last week's break-out. This is the confirmed start of the technical Bullish Leg of the 6-month Channel Up along with the 1D MACD Bullish Cross.
Having made a Higher Low on the 1D MA100 (green trend-line) last Monday (January 13), we are expecting the standard 1.786 Fibonacci extension as the next Higher High of the pattern. That gives us a 6350 Target.
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