SPX 2008 market crash resistance test! Doesn't look a good time to be long in the market. It's the 2008 market crash resistance, it might breakout to the upside for couple of weeks but doesn't necessarily mean it will stay above long. Would be interesting to see how this unfolds!Shortby Rich4Published 7
Bullish Stocks, But Watch Pullbacks and Gaps On SP500The stock market has been very bullish over the last two weeks, with strong gains this week following China's policy actions to support their economy. This has had a positive impact on stocks globally, and it’s no surprise to see the S&P 500 trading higher. Looking at the December futures contract, from an Elliott Wave perspective, we can clearly see a five-wave movement up from the September 9th low. While this bullish momentum continues, it’s important to be cautious as we may be nearing potential resistance in this fifth wave, around the 5,820 to 5,880 area. I think that pullbacks could occur in the next few days, especially if USD stays up with yields. If we do see a correction, the key levels to watch would be the previous swing supports, with the first at 5,754 followed by 5,674. These levels also correspond to regions of open gaps on the cash market, and typically when such gaps are filled, the market can resume its primary trend, which is up. So, if an ABC drop occurs into one of these gaps, it could present an opportunity to rejoin the uptrend in the stock market.by ew-forecastPublished 4
Historic View of SPX on Log ScalePrice channel captures the overall trend of the S&P 500 across time, with three parallel lines outlining the upper, middle, and lower bounds of the price action. The channel effectively contains most of the historical price movement within its boundaries, showing long-term upward growth with corrections. Significant Historical Points: 1929: Marked near the top of the channel, this represents the peak before the Great Depression. 1932: A trough near the bottom of the channel, showing the market low during the Great Depression. 1942: Another market low during World War II. 2000: Represents the peak of the dot-com bubble. 2009: The low following the 2008 financial crisis. 2020: The COVID-19 pandemic sell-off. 2022-2024: The most recent data shows the index near the upper boundary of the channel in 2024, indicating a period of significant market strength or potential overextension. The chart is logarithmic, with the price levels increasing exponentially from as low as $1.65 in the early 1900s to around $5,742 in 2024. The price axis reflects the long-term growth of the index. by PrestigeWorldwideTradingCoPublished 4
S&P500: Bullish until the end of the year.Excellent bullish technicals on its 1D outlook for the S&P500 (RSI = 64.960, MACD = 69.000, ADX = 26.170), despite turning mostly sideways in the past trading days. However, having reached the HH trendline, we can see from the past two similar patterns that a consolidation is normal and as long as the 1D MA50 holds, the index is more likely to continue the uptrend. We are expecting a similar +15.00% rise (TP = 6,200) to close the year out. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Longby InvestingScopePublished 5
$SPX | S&P500 Déjà Vu: 2011 vs 2024 Identical Fibonacci Fractal 2011 and 2024 price action is IDENTICAL I charted this fractal over a week ago when SPX was trading 5415, however I did not share this chart publicly. Here it is: 2011: 2024: The fractal suggests we would see a strong upward swing to the 127.2% extension @ 5815... so far so good. Longby AidanMDangPublished 229
Major Top Forming on SPXHello Everyone, a simple analysis of the RSI and current price action appear eerily similar to the 2022 peak. During the 2022 top we had financial experts and the media claiming victory stating that this bull market will continue, however we crashed soon after. Now the SPX is currently forming a topping process, this could be done or we could go a little higher before the bear market continues. It's clear that the SPX is making new highs while NDX and IWM fail to make a new high suggesting that this is the top. If this economy is doing so good, then why does the FED need to cut interest rates? The fed is cutting interest rates because we are either in a recession or we are very close to one. There is no such thing as a soft landing. The truth is we may already be in a recession and it wouldn't be declared until we are deep into one. If anything we are no longer going into a recession, we are going into a depression. Do not get lulled into a false sense of security like many others during the 2000 and 2008 top.Shortby justaturboman44Published 3
S&P 500 INDEX - about dropping...SPx The price should break 5732 to be a bearish trend toward 56675 and 5643, the closing 4h candle above 5749 will touch 5784, and above it will be a bullish trend till 5891 Key Levels: Pivot Point: 5732 Resistance Levels: 5784, 5805, 5890 Support Levels: 5675, 5643, 5585 Trend Outlook: Bearish: Below 5,732 Bullish: Above 5,784 previous idea: Shortby SroshMayiPublished 4
S&P 500 Daily Chart Analysis For Week of Sep 27, 2024Technical Analysis and Outlook: The S&P 500 Index has recently exhibited a classic gap-fill pattern, reaching 5739 with an adjusted Index Rally to 5763 during the current week's trading sessions. However, there is a strong likelihood of a retracement to the newly established Mean Support at 5700 in the upcoming week. This potential retracement could lead to a further descent to the subsequent Mean Support level at 5620, potentially disrupting the current trajectory. Conversely, a substantial rebound to the Outer Index Rally at 5840 may intercept an anticipated downward trend, nullifying the projected decline. by TradeSelecterPublished 3
SPX: boosted by lower inflationThe Fed's rate cut and further slowdown of the US inflation boosted the US equity markets, where S&P 500 reached the newly fresh all-time highest level as of the end of the previous week. The highest weekly level reached was 5.761, while the index is closing the week at the level of 5.738. Released inflation data showed that the Fed's favorite inflation gauge, the PCE index slowed down further to the level of 2,2% y/y in August, below market consensus, which increased sentiment in investors that the Fed might confidently cut rates further during the year. On the other hand, the environment of decreasing interest rates will be supportive to business, increasing expectations of higher profitability in the coming period. Analysts are noting that, with a cooling inflation, the Fed might now fully focus on the labor market in the coming period, and expect a positive impact for the further strengthening of the US economy. Aside from the tech companies, the materials sector especially gained during the week, adding a 3,4% to the value of stocks in this sector for the week. There are analysts who are pointing that the financial sector might also gain in the coming period, with an increase in lending activity. by XBTFXPublished 3
SP&500 LOOKS BEARISH TO ME Hi guys I can see Some Sellers step in , Looks like we will have some bearish days ahead After Target Reached i will check with new data find up next move . Best of Luck Shortby rintintin1981Published 5
S&P500: Aiming at 6,000 before the elections.The S&P500 index is on a very healthy bullish technical 1D outlook (RSI = 64.688, MACD = 69.140, ADX = 44.589) which indicates that the rebound that started on the September 6th low should be extended. The volatility on the 4H RSI indicates that as long as the 4H MA200 supports, we will see a rally similar to June's and in fact we should symmetrically be on a same level as the June 14th consolidation. We are aiming for the -0.618 Fibonacci extension like June's rally (TP = 6,000) before the U.S. elections. 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. ##Longby InvestingScopePublished 5
SPX500 Resistance Ahead!SPX500 keep growing in An uptrend but the index Will soon hit a horizontal Resistance of 5645.15 and After the retest we will Be expecting a local Bearish reaction!Shortby kacim_elloittUpdated 17
Spx scalping startetgyUsing indictor levels to scalp. Using bands with stochastic to see overbought oversold zones. Ema crossing for short term scalpsby Grp_crowPublished 113
S&P 500 SELL ANALYSIS RISING WEDGE PATTERNHere on S&P 500 price form rising wedge pattern and is likely to sell if line 5728.10 break so go for SHORT and targeting profit should be around 5687.80 . Use money management Shortby FrankFx14Published 2
Another weekly bearish divergence SP500I see another bearish divergence on weekly timeframe of SP500. It may take weeks to play it out, but it looks really ugly. Winter is coming?Shortby marcinkwiat1989Published 2
Upthrust After Distribution (UTAD) or Wall of Worry?On the 4-hour chart following Jerome Powell’s recent rate cut announcement, the price action was not as strong as expected. While some media outlets labeled this as part of the “wall of worry,” where markets continue climbing despite negative sentiment, I observed signs of a potential Upthrust After Distribution (UTAD) based on Wyckoff’s distribution schematic. The structure of the price, combined with key volume dynamics, led me to question whether this gradual upward movement was a true continuation or a deceptive distribution phase. Although the price has managed to sit just above the all-time high for multiple days, it hasn’t done so in a particularly strong way. Bearish divergences in the MACD and RSI indicate underlying weakness, and volume has remained light, signaling distribution rather than accumulation. While both a wall of worry and a UTAD can feature a slow grind upward, a wall of worry is typically supported by steady buying. In contrast, a UTAD appears similar but ultimately traps buyers before reversing sharply. The key difference here is the lack of strong follow-through above resistance and the mounting signs of exhaustion. In conclusion, despite the price holding slightly above the all-time high, the weak volume, bearish divergences, and fragile nature of this level suggest that we are more likely seeing a UTAD than a wall of worry. These factors point to distribution, and I expect a potential market reversal in the near term.Shortby DHF82Published 2
S&P 500 LongS&P 500 MTF Analysis S&P 500Yearly Demand 4793 S&P 500 6 Month Demand BUFL 4793 S&P 500Qtrly Demand BUFL 4793 S&P 500Monthly Demand 5263 S&P 500Weekly Demand 5636 S&P 500Daily Demand DMIP 5702 ENTRY -1 5689 SL 5615 RISK 74 Potential Target 6218 First Target Points 6165 First recovery Target Points 550 Last Swing Low 5118 Last Swing High 5668 RR 7 RR 9% Longby pradyammmPublished 2
S&P500 ForecastingS&P 500 Forecasting: A Complex Task Forecasting the S&P 500 index is a challenging endeavor due to the multitude of factors that influence its movement. These include economic indicators, corporate earnings, geopolitical events, investor sentiment, and market psychology. Key Factors to Consider: Economic Indicators: GDP Growth: A strong economy generally supports stock prices. Interest Rates: Rising interest rates can put downward pressure on stock prices, while falling rates can boost them. Inflation: High inflation can erode corporate profits and investor confidence. Corporate Earnings: Profit Growth: Strong corporate earnings are often a positive sign for the stock market. Earnings Expectations: The market's expectations for future earnings can influence stock prices. Geopolitical Events: Global Conflicts: Political instability or geopolitical tensions can create uncertainty and impact market sentiment. Trade Wars: Trade disputes or tariffs can disrupt global supply chains and affect corporate profits. Investor Sentiment: Risk Appetite: Market sentiment can shift rapidly, influenced by factors like economic data, geopolitical events, and market psychology. Fear and Greed Index: This indicator can provide insights into investor emotions. Forecasting Methods: Fundamental Analysis: This involves analyzing economic indicators, corporate earnings, and geopolitical events to assess the underlying value of the S&P 500. Technical Analysis: This method uses historical price data and charts to identify patterns and trends that may predict future price movements. Quantitative Analysis: This approach employs statistical models and algorithms to analyze large datasets and identify correlations between variables that may influence the S&P 500. It's important to note that no forecasting method is foolproof. Stock markets are highly volatile, and unexpected events can significantly impact the S&P 500. A combination of fundamental, technical, and quantitative analysis can provide a more comprehensive understanding of market dynamics. Would you like to explore any of these factors or methods in more detail? I can also provide information on specific forecasting tools or resources.by ITManager_USPublished 4
China euphoria and further cut expectationsFundamentals SPX - China stimulus news - Risk: Seasonality USD - Strong dovish remarks from Golsbee Technical & Other Setup: TC(B) Setup timeframe: 4h Trigger: 1h Medium-term: Up Long-term: Range Min target: 3R, Fib ext. level Risk: 0.5% Risk (R): 0.5RLongby Cherry94Updated 1
S&P 500 channel (updated)I expect to see something like this next week. The price breaking out of this orange channel will confirm the beginning of a correction.Shortby SupergalacticPublished 1
spx &nasdaq in an iminent drop of valuespx showing an iminent short going in value, where it can go? last time i tryed to do the math it would go arround 2700 but without any sure, the major stock whealtiest did a 3x wealth since covid drop, this could be another timer that can quintuple the value, or make more 15x time the value that they had before covid, it is an iminent drop coming, in my opinion, good for everyone even for world economies, to triple their whealth and put the profits in their balance sheet and put time their gdp growth, is a question of timing, after covid drop, that in my opinion, didnt had too much growth in manufactories and jobs, only people gowing ther whealth by the 'inflation' fault, anyway, there is an iminent drop in the stock market in the western countries, at least, im not into asian market but american indexes are in an eminent significant drop, in my POV.Shortby CarlosdrcunhaPublished 1
SPX500Pair : SPX500 Index Description : Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence Rising Wedge as an Corrective Pattern in Short Time Frame Resistance Levelby ForexDetectivePublished 2
Potential long tradeWhat we have here is a triangle pattern followed by a breakout and deep pullback followed by the second pullback, now if the price creates a higher high from here, we can go long. WE ONLY TRADE PULLBACKSLongby KenyanAlphaUpdated 2