Bullish off a very shallow wave 4 likely!1). Price is sitting at huge support! 2). Banks are Buying! 3). Volume is increasing without any significant drop, so likely the positions are more positive, pushing price towards wave 5!
SPIUSD trade ideas
SPX500 H1 | Heading into an overlap resistanceSPX500 is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 5,967.36 which is an overlap resistance that aligns close to the 61.8% Fibonacci retracement.
Stop loss is at 6,012.00 which is a level that sits above a multi-swing-high resistance.
Take profit is at 5,909.96 which is a swing-low support that aligns close to the 61.8% Fibonacci retracement.
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Come on SPX! Let's cross back over 6,000Stop playing with me SPX. So far this week, we've seen a slowwww drift up. Ok, Monday and Tuesday did put in some solid bars, but now here we are, babying this 6,000 psychological area.
Below is my write up from Sunday. While I always state different scenarios, I've been leaning bullish...though some of my individual stock plays have retested my stop levels this week. (They have been a bit more sideways)
SPX (written Sunday 06/01/25)
Still above key weekly MAs, trend remains intact
The weekly chart still shows an uptrend. We're above the 10EMA, 20EMA, and 50SMA, and those moving averages are turning up. So while the pace of the uptrend has slowed, the broader structure hasn't broken down. This past week was a digestion of the recent April and early May run, and so far, not an unraveling of it.
Friday's dip was likely just a shakeout.
Friday gave us a candle that flushed below the daily 20EMA then quickly reversed. That kind of action often traps early shorts and clears out weaker long hands…a classic shakeout. If this theory holds, we should see strength early next week. But if we break below the 5750-5725 area, that thesis gets invalidated. At that point, I'd treat the move as something more structurally weak, not just a pullback.
Confluence zone still holding for now
We're sitting right on a layered area of support above all moving averages, and a horizontal support and resistance level from earlier this year. So far, it has held. If it continues to hold, it gives the index a platform to try the upside again.
Trendlines matter, but not more than the overall structure
I was asked about trendlines this week, and it was a good reminder to step back and recognize how I was sharing my use of them. Trendlines are helpful, but they’re just one part of the picture. Same goes for moving averages, volume, and other tools. They only hold weight relative to the context. In a choppy, indecisive market, over-focusing on any single signal can do more harm than good. I'm aiming to keep my analysis well-rounded, zoomed out, and centered on structure.
What would confirm the upside?
A clean move back above 6,000 and a push through the February all-time high would help strengthen the case for continued upside. Not just because it’s a technical level, but because it’s psychological too. If we’re breaking out into new highs, especially after the chop and hesitation of the last few weeks, that’s when retail traders tend to feel like we’re “in the clear.” That can bring in more participation, more confidence, and more momentum. Ideally, we’d see a higher low hold on any dips, and then a strong push through 6,000 with follow-through, not just a quick tag and pullback. That kind of behavior would tell me buyers are stepping in with conviction again.
What would shift the bias more bearish?
A breakdown and hold below 5725 (not just a quick flush) would suggest deeper downside potential. From there, 5600 (around the daily 50SMA) becomes the next level I’d watch for support. But so far, I’m not leaning toward this as the main scenario.
What do you all see? Will we break 6,000 and get an increase in momentum?
S&P turns flat after bouncing off lows
The S&P 500, which ended Friday's session flat, has turned flat in today's session as well, after bouncing back from its earlier lows on reports that the US and Chinese leaders will meet to discuss trade after the two sides accused each other of violating their recent trade deal.
June could be a more challenging month for stocks if trade uncertainty persists, following what had been a strong May for global equities—marking their best monthly performance since November 2023. Much of that rally was driven by optimism that the worst of the US tariff threats had passed, encouraging investors to return to risk assets. However, any sense of calm was quickly disrupted after in the last few days, when Trump announced plans to double tariffs on steel and aluminum from 25% to 50%. This move has reignited concerns about a potential resurgence of trade tensions, adding to the already growing list of market risks. On top of that, investors are also bracing for political gridlock in Washington, as lawmakers prepare to negotiate a sweeping tax and spending bill amid escalating concerns about US government debt. With the debt ceiling deadline approaching, June could bring renewed market volatility, casting a cloud over the near-term S&P 500 outlook.
From a technical point of view, the trend is bullish but the doji candles in the last few trading sessions suggest that the momentum is waning and that a bit of a pullback could be on the cards.
Resistance at 5,900 was being tested at the time of writing. A daily close above this level would be a bullish outcome, in which case a run towards last week's high near 6,000 could be on the cards.
However, if resistance at 5,900 holds, then a potential drop to the next support area around 5787 would be the more likely outcome first. Further support is seen between 5,670 to 5,695.
By Fawad Razaqzada, market analyst with FOREX.com
Acorn's Smart Money S&P SignalJune 3, 2025 - After another successful S&P signal in May, we have another Bullish signal for the first part of June. If correct, the bullish S&P indicator suggests the S&P will close above 5861.43 on June 19.
US500 potential buyUS500 is setting up for a classic Wyckoff spring. This is a high probability set up with high risk to reward (5R+)
Here is what needs to happen
For situations 1 and 2,
a. price should break blue support (traps sellers and shakes out weak hands)
b. price should then close above any of the 2 blue supports with high volume
c. enter at the close of that bar or retest of the blue line
d. T.P @ recent high.
What do you think? how would you approach this better?
SPX: chasing the 6KThe jobs data were in the spotlight of markets during the previous week. The Non-farm payrolls in May with 139K new jobs came as better than market anticipated, which supported the optimistic mood of investors. The S&P 500 managed to return to the levels modestly above the 6K level. Tech companies were again in the spotlight of investors. In this sense, the magnificent 7 drove the market to the higher grounds. In the Friday trading session, NVDA gained 1,2%, AMZN was up by 2,7%, while Tesla gained 3,7%. It should be noted that Tesla had quite a turbulent week. Its shares first dropped by 14% at the beginning of the week, after its CEO commented negatively on a current policy of the US President Trump. Certainly, this came as a surprise for markets, considering Musk's strong support for President Trump, both during the electoral campaign and his presidency.
Current optimism might be slowed down with forthcoming inflation data. Namely, a large number of economists are pointing to potential for the economic slowdown and higher inflation induced by implemented trade tariffs by the US Administration. In this sense, there is a probability that higher volatility of the index might continue in the coming period, as markets will try to understand what impact future growth and earnings will have on any new news on trade tariffs. It has been announced that further talks between China and US officials on trade tariffs will be held next week in London. This event will be closely monitored by investors.
Bulls and Bears zone for 06-03-2025SPX has been trading in a range since mid May. Perhaps a pullback might be in the cards.
Level to watch: 5946 --- 5948
News to Watch:
US Factory Orders 10:00am
US JOLTS 10:00am
US & Global Market Breakdown | Profits, Losses & Bearish TradesIn this video, I break down the current state of the US and global economy, and why I believe we’re heading into a bearish phase.
📉 Fundamentals:
I cover the key macroeconomic factors influencing the markets — including Trump’s proposed new tariffs, slowing GDP growth, and ongoing supply chain constraints. These all point toward increasing pressure on the global economy.
📊 Technical Analysis:
I go over the major indexes and highlight their recent behavior. We’ve seen reactions from resistance levels, contraction patterns forming, and a significant volume dry-up — followed by today’s spike in volume, which occurred right at resistance. These are potential signs that the market may be shifting toward a bearish trend.
That said, we could still just be witnessing a deeper pullback within a longer-term uptrend. Markets are unpredictable, and no one knows for sure — which is why it’s important to always do your due diligence.
💰 I also review the profits and losses I’ve taken on recent bullish trades, and why I’ve now positioned myself in select short opportunities based on what I’m seeing.
If I’m sharing this, it’s because I’m personally investing my capital based on my conviction — so always use your own judgment and risk management when making decisions.
If you found value in the breakdown, leave a like, comment, and subscribe for more timely updates.
S&P500 6300 is the minimum short-term Target right now.The S&P500 index (SPX) is extending Friday's rebound on the 1D MA200 (orange trend-line) following an impressive rally after the April 07 bottom. That is technically the pattern's new Bullish Leg.
This quick consolidation technically resembles all 4 short-term pull-backs (blue circles) that took place since April 2023. The minimum % rise on those before they pulled back to the 1D MA50 (blue trend-line) again was +10%.
As a result, we expect 6300 to be the minimum Target by the end of July, which of course will be an All Time High.
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S&P500 finishing re-accumulation and sets eyes on 6230.The S&P500 / SPX has turned sideways after an impressive recovery from April's lows.
The 1day MA50 provides the same kind of support as it did after the October 2023 rebound.
The RSI pattern on both sequences is also similar and it suggests that the price is at the point where it breaks upwards to the Rising Resistance.
Target 6230.
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Bull trap into the close?Daily Bias is still up, but if we end the day near 5940, it may be a C wave with a further move down into next week. I also look at Gold, USOIL, and BTC
S&P 500 4 HR. WAVE C IS LIKELY OVER ON CORRECTION!1). Price is very likely heading towards the fair Market value @ 5870. 2). Risk Assets are weak today on US$ strength! 3). BANKS ARE SELLING! 4). Volume is dropping. 5). Trendline intersecting with target fib. level. 5). ONCE COMPLETED PRICE WILL PROGRESS NORTH ON WAVE 5 VERY LIKELY
Choose Your Fighter SPX Here is the broadening formation we're in.
TVC:SPX is likely to consolidate further before making a decisive move.
Structure Over Sentiment: Multi-Asset View into Month-End📊 Structure Over Sentiment: Multi-Asset View into Month-End | May 30, 2025
This isn’t a crash. This isn’t a rally. This is digestion.
The multi-asset view tells the real story — and it's not as chaotic as it looks.
🔍 What the Chart Shows:
This correlation lens plots key macro and market drivers YTD:
🟣 Gold (XAUUSD): Leading with +24.71% — this is the quiet macro bid no one’s talking about
🟢 Bitcoin (BTCUSD): Holding +8.47% — volatile, but still showing risk appetite
🔴 10Y Yield (US10Y): Up +5.31% — signalling rates peaking
🟠 Nasdaq (NDX): Nearly flat, -0.36% — NVDA strength masking internal rotation
🔵 S&P 500 (SPX): -2.32% — structurally fine, just not euphoric
🔵 Dow (DJA): -5.91% — lagging, cyclical drag
🔵 Russell 2000 (RTY): -13.60% — small caps under pressure, risk-on caution flag
🟣 Dollar Index (DXY): -6.44% — fading after a strong Q1
🟢 Oil (WTIUSD): -10.26% — no inflation panic here
🧠 Key Insight:
Despite the tariff headlines, sticky PCE, and conflicting narratives — the market remains internally consistent.
Gold is leading
Yields are rising but not sharply
Bitcoin is positive
Equities are flat-to-negative
Oil is weak
Dollar is fading
This is classic late-cycle digestion, not a crisis.
🛡️ Titan Mindset Check-In:
Don’t get lost in single headlines
Follow structure, not speculation
Let leaders lead (NVDA, Gold, BTC)
Protect equity when breath narrows
Zoom out, reduce noise, trade the curve — not the chaos
📍“Volatility isn’t risk. Misinterpretation is.”
Take Profits, Not Chances.
#MultiAssetView #StructureOverShock #TitanProtect #SPX #NDX #BTC #Gold #DXY #WTI #US10Y #MacroFlow #MarketMindset #LateCycleSignals #DigestDontPanic
SPX AND WHAT WE STAND TO GAIN OR LOSE!⚡ Hey hey, hope all is well. Don't have too much time right now so just want to get a quick idea out, we'll keep this short and concise, thank you.
⚡ First thing's first, we're gonna take a quick Big picture look at our SP:SPX chart for today and we can take a look back on our ascending channel which helped propel us for most of 2024 into 2025 before we finally exited that channel in February and lost our 200 EMA.
⚡ The 200 EMA was our main tool for the last year or so, keeping above that gave traders and investors the confidence to keep things pushing and essentially kept the market on this wave which is simply rode up, everyone was making money and that money was going back into more investments further propelling things before we saw our SP:SPX hit an all time high in February at $6,200.
⚡ So we had the 200 EMA below us, we had much of the market making money, and with trump entering office, much of the market was understandably optimistic and things we're continuing pretty strong January through into February. We then had trump make his remarks on a possible recession and we started getting talks on tariffs which understandably prompted much of the market and market makers to take profits and we sort of got this reversal which I spoke more on in a previous idea which I'll link below for reference:
⚡ Before I continue and as a disclosure, none of this is meant to be taken in a political stance or with any bias, like I said, we're simply looking at the facts and the technical, that's all that matters.
⚡ To continue on, as the referenced idea represents, once that news hit the market sentiment shifted and we can see the descending channel that ensued with that which also prompted us to lose our 200 EMA, something we haven't seen happen since 2023 on the daily chart which puts us in a precarious position.
⚡ The market's basically lost two advantages. The last year or so that 200 EMA kept below the chart never converging which helped bulls alongside our ascending channel which was a significant component in this push for the all-time-high (ATH). So we 've basically lost both of those advantages which is what helped bulls climb so much ground the last year or so.
⚡ We already know the 200 EMA crossover is important but now it'll likely create a broader impact now that we have no channel to look. Instead, we'll likely see a number of traders more than likely looking out for those Bullish and Bearish crossover's for making plays which is already happening.
⚡ If we look at the beginning of April for example where we had that first 200 EMA crossover we can see just how dramatic the sell-off was, investors just weren't sure how far things we're going to go and once we got another crossover and regained that 200 EMA the buy-in action, volume was also dramatic signifying a market that's being led by sentiment rather than technical which again was the main driver for us the last year or so.
⚡ That being said technical of course is still playing a role, but we're seeing sentiment drive price action and being taken into account a lot more the last few weeks, especially with everything going on with Trump and the tariff war we had which put much of the market and investors on edge trying to figure out whether or not things we're looking optimistic or not for the market before China and the US we're able to ultimately come to an agreement helping put many minds at ease.
⚡ Next few weeks I'll be watching that 200 EMA to see if we get a bearish crossover or if we can avoid that and regain ground to which I'll be looking to my Fib. chart for as referenced below:
⚡ Next is a descending channel I've added to the daily chart which hopefully doesn't come into play again.
⚡ Can already see how that descending channel impacted us the second tiem around in April so main thing is that we avoid losing that 200 EMA again, and we keep away from that descending channel else we'll more than likely get dragged down further if we we're to reenter that channel much like we saw happen with the sell-off in April.
⚡ Have to run but just wanted to give quick technical look at our big picture idea here for the $SP:SPX. Current goal is to see a retest of $5,900 and avoid another convergence with that 200 EMA on the daily else we risk losing our footing and reversing.
⚡ As always, thanks so much for all the support, appreciate you all and wishing all the best till next. Don't just make it a good day, make it a great one.
Best regards,
~ Rock'
Price Action and Technical Analysis says I should BUY S&P 500!!!All the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain direction and therefore enough confluence to take a trade, then this is how you will gain consistency in you trading and build confidence. Check out my trade idea!!
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Major LowI'm buying puts expiring on October 31st, All Hallow's Eve.
I'll give price room to keep melting up to 666 at the farthest, that is my stop level. If we breach that price, then just know that tech is unstoppable and Artificial Intelligence is the Mark of the Beast.
If the market doesn't drop here, then the sky is the limit.
S&P500 ready to pullback?From the pure technical analysis S&P500 is ready to continue is move down for another 4% drop from today's close. Next week will be very interesting.
S&P500: Inverse Head and Shoulders set to extend Apr-May rally.The S&P500 is bullish on its 1D technical outlook (RSI = 58.868, MACD = 85.480, ADX = 31.901) as it maintains a steady Channel Up pattern and just formed the first 1H Golden Cross in a month. Technically this is forming the Right Shoulder of an Inverse Head and Shoulders pattern, typically a bullish reversal formation, which not surprisingly was last seen in April when the Channel Up started and was completed with the previous 1H Golden Cross on April 24th. The result was a bullish extension fo rht 1.618 Fibonacci level. We're bullish on this, TP = 6,150.
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S&P 500 Daily Chart Analysis For Week of May 30, 2025Technical Analysis and Outlook:
The S&P 500 Index has undergone considerable price fluctuations during the trading sessions of this week, successfully reaching a critical target at the Mean Support level of 5800. Presently, the index is exhibiting an upward trend with a focus on the retest of the Inner Index Dip at 5955 and Key Resistance at 5965. Furthermore, additional significant levels have been identified, including the Next#1 Outer Index Rally at 6073, Key Resistance at 6150, and the Next#2 Outer Index Rally at 6235. Conversely, there is a potential for the index prices to downfall aiming to retest Mean Support 5800 and to complete the Outer Index Dip, noted at 5730.
S&P 500 likely needs to complete weekly Wave 5 drop! Yields remain high, Bonds are selling off, Huge price demand @ 4650, which is also 72.8% Impulse drop, and typically a Reversal level. Now that Mr.T backed-off on Tariffs, Powell might do a rate-cut and create a Bounce!
US500 Long TermBased on the technicals I'd be expecting US500 and other indices (US30, NAS100) to turn bearish again, at least for a short while. US500 has a key level of liquidity at 5577 which has to be swept before any major bulls return. Once that level is taken out, it depends on how the fundamental will develop and we can either expect the bears to continue the sell off or we may see the top 3 indices reach new ATHs.
