Knifecatching for a small retrace?three white soldiers
daily support level
4 hr order block
support turned resistance not tested yet
S2 lvl
etc
What do you think?
SPX trade ideas
Risk-on Risk-off Market Snapshot, 01/11/2024The market has shifted to a clear risk-off sentiment, with investors moving into safe-haven assets amid mounting global uncertainties. Safe havens like the U.S. dollar, Japanese yen, Swiss franc, and gold are experiencing increased demand, reflecting heightened caution.
Geopolitical tensions, particularly in the Middle East and Eastern Europe, are driving this shift, while recent central bank statements signal a focus on economic stability rather than aggressive growth.
Equities and riskier assets, including high-yield currencies and speculative investments, are seeing reduced interest as investors prioritize stability and capital preservation in this more conservative market climate
Disclaimer: This is not financial advice. The information provided is for general informational purposes only and should not be interpreted as financial or investment advice. Always consult with a professional financial advisor before making any investment decisions.
S&P 500 Remains Bullish Amid Suring Interest RatesThe S&P 500 experienced a turbulent week, dipping below several short-term trend-defining levels as markets reacted to heightened bond yields and shifting rate expectations. Despite the volatility, the overall trend remains bullish as long as the index stays above the critical support level of $5,760. The primary value area begins at $5,797, with initial resistance at $5,876 and a secondary target at $5,950.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
SPX500 eyes on 5792 then 5901: possible TOP at Golden Genesis 2%New record highs again and still going?
Might pull back a bit from here, 5792.00
Then likely to hit Golden Geneis at 5901.08
Be VERY careful here, might be some violence.
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GAME OVER!!!...ASCENDING WEDGE BROKEN DOWN!!...TIME TO GO!!!The pattern is similar for QQQ and SOX. Market is very vulnerable now. Optimism professional and retail is at all time high now. We may not even need a catalyst. ITS OVER!!!
Very soon we may be at the neckline. Major indexes may be forming a giant Head and Shoulders reversal pattern (it is clearer on QQQ and SOX, or MSFT because they are weaker). We may now have just started the right shoulder.
Disclaimer: Don't trade based on this message. I may be completely wrong.
SPX500USD could go up some moreHi traders,
Last week SPX500USD dropped into the Daily FVG and slowly went up again.
I think next week we could see the last leg up to finish wave 5.
Trade idea: Wait for a change in orderflow to bullish and a correction down on a lower timeframe to trade (short term) longs.
If you want to learn more about wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Eduwave
S&P 500 SELL ANALYSIS RISING WEDGE PATTERNHere on S&P 500 price just form rising wedge pattern and now try to fall so if price break line then trader should go SHORT and expect profit target of 5072.19 and 4584.68 . Use money management
Short setup on SPX (x2)After the most recent upward move, the SPX shows clear signs of weakness, suggesting a potential short setup.
Since mid-July, the SPX has been moving upward and it's now near its all-time high. However, the RSI Exhaustion at the bottom of the chart has significantly declined and hasn't recovered much, establishing a downtrend.
This divergence between the price and the RSI Exhaustion is the first major signal of a possible short configuration.
Three additional signs support this setup:
The RSI Exhaustion shows recent bullish exhaustion (indicated in green), signaling that further price increases are unlikely.
The price has formed a top just shy of its all-time high, as identified by the Bottoms Tops Signal indicator.
A major level has formed, as indicated by the Levels and Zones indicator. While this level turned into support, it originated as resistance and could well revert back to it should be price start to drop further.
Is the bull run over? Only time will tell, but for now, it's crucial to remain patient and always seek confirmation from the indicators.
Important S&P 500 Support Voume Profile places volume on a vertical scale to determine areas of support/resistance.
The widest part of the profile is called "Point of Control" (POC). This is where the strongest support and resistance could be.
POC is at 5,704. Chart support is at 5674. A break below these levels could open the door for a plunge down to the 08/05/24 mini crash bottom.
Tech costs hurtingFollowing on from Alphabet’s better-than-expected earnings report on Tuesday evening, Microsoft and Meta Platforms were the next two ‘Magnificent Seven’ constituents to update the market. Both companies reported after last night’s close, and both managed to disappoint investors in slightly different ways. Microsoft beat expectations for both earnings and revenues. But it issued a downbeat outlook for future growth which saw the stock drop 4% in early trade. Meta also posted revenues and earnings above those forecast. But user numbers came in light and the company warned that infrastructure expenses were set to soar due to spending related to generative AI. The stock fell 5.5% on the news, but has pared some of those losses this morning. The news has put investors on edge as they await results from Apple and Amazon after tonight’s close. Other significant earnings reports are due today from Uber and Intel. Meanwhile, Merck was up over 1% after announcing solid third quarter earnings and revenues, helped by sales of its cancer drug Keytruda. Sentiment towards tech hasn’t been helped by the sell-off in Advanced Micro Computers which dropped 8% earlier this week on an earnings miss, and following a slump of 37% in Super Micro Computers after the resignation of its auditors. US stock index futures are on the backfoot this morning, led by the NASDAQ which is down 1%. This follows a negative session yesterday which saw modest losses for all the majors. On the economic data front, today sees the release of weekly Unemployment Claims together with Core PCE, the Fed’s preferred inflation measure. Back in the summer, this hit its lowest level in over three years at 2.6% year-on-year. But it has ticked up since then, which, should it do so again today, may persuade the Fed to hold off from cutting rates in December. The probability of a 25 basis point cut at next week’s meeting is unlikely to be affected, as it stands at 96%, according to the CME’s FedWatch Tool. Yesterday, the first look at Q3 GDP came in at 2.8% annualised, and below the 3.0% expected. But there was an unexpected jump in ADP Payrolls, although it is tomorrow’s official Non-Farm Payrolls which are of greater importance as far as investors are concerned. But investors look slightly rattled for now. Further bad news on tech earnings could see more shredded nerves and a tendency to sell first and ask questions later.
updating my old SPX chartupdating my old SPX chart
1. add retest to MA100 then bounce
2. add retest ma200 and then bounce again
3. tops box = volatility box might hit there but safe it for later
SPX updateIn my view SPX current bullish move tp is 5977 then a bearish correction to 5510 area before last bullish wave to final tp 6265 area then massive index crash to 3300 area
$SPX Analysis, Key Levels & Targets for 10.29.24CBOE:SPX Analysis, Key Levels & Targets for 10.28.24
Alright, y’all…. So I am still sick so no videos until this get’s cleared up.
But here is the chart for today.
I feel good enough to maybe trade today but still kind of Meh… LOL…. I don’t get sick often and MAN this stinks.
Previous support (5805) is right at the bottom of the gap we opened yesterday
35EMA is still above the 30min 200MA. ATH’s are at the top of the implied move for tomorrow.
Under 5805 the next support is 5770 and a 1hr 200MA coming up as well.
Honestly looks fun!!
A potential minor or major pullback for SPX?🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Market top ? Looking at Divergences here.
ES and YM are aligned with NQ lagging and for now showing weakness that could lead to a bearish move lower into the winter months
The argument against price action clues here is the election and the macro regime still been bullish long term, which paints the picture NQ will also at some point move to align with ES and YM
Bearish engulfing + SP500 divergencesAs I have already posted bearish divergences earlier, now if this week closes as it is now, we have a ready bearish embrace, which is a strong bearish signal.
SPX: Liquidity Zone Breakout or Support Breakdown AheadTechnical Analysis:
The price is testing the support line after pulling back from the liquidity zone around 5,863.
If the price holds above the pivot line and breaks the liquidity zone, it could rally toward 5,939.
A failure to hold the support line could lead to a bearish move, with potential targets at 5,781 and 5,732.
Watch for confirmation at the liquidity zone for a bullish breakout or breakdown from the support line for further downside movement.
Key Levels:
Pivot Point: 5832
Resistance Levels: 5863, 5891, 5939
Support Levels: 5803, 5781, 5732
Trend Outlook:
Bearish below 5832
Bullish above 5832
S&P500 This pull back is an excellent buy opportunity.S&P500 is pulling back intraday but remains over the MA50 (1d).
The bullish trend is intact and is being guided by this long term Channel Up since the 2022 bottom.
The price is right nowjust over the 0.382 Fib Channel level, which isn't overbought by any means.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 6000 (the 0.618 Fib level).
Tips:
1. The RSI (1d) is about to touch its Rising Support, a pattern very similar to the March - June 2023 Rising Support. The two fractals look identical even on price terms. This also indicates a continuation of the bullish trend.
Please like, follow and comment!!
SPX500 Will Go Down!SPX500 is going down
Now after the bearish
Breakout of the rising support
So after a potential local
Pullback we will be
Expecting a further move down
US500 (S&P): Trend in 4H time framePlease pay special attention to the very accurate trends, and colored levels.
Its a very sensitive setup, please be careful.
BEST,
MT
GEX levels of SPX for Weekly Option TradersAlthough the SPX is currently trading within a relatively neutral positive gamma range, it’s worth taking a closer look at what the week might hold.
This week, SPX is moving between critical resistance and support levels, which are showing significant options activity. The 5900 level is the key CALL resistance, acting as the gamma wall for the next 7 days (7DTE) . This suggests that as long as the price remains below this level, it will face strong resistance in moving higher. If the market breaks through this level, it could signal a bullish breakout, leading to increased turbulence.
🟨 DETAILED VIEW:
In case of a breakout, keep an eye on the second weaker CALL wall at 5925 and the third weaker CALL wall at 5940, which are the next potential resistance levels once the market moves past the 5900 gamma wall. These levels could play a pivotal role in the price’s upward movement and indicate further buying pressure.
🔶 HVL Level and Gamma Environment: 5830
The 5830 level represents the High Volatility Level (HVL), which determines whether we are in a positive or negative gamma environment. If SPX closes below this level, we enter the negative gamma zone, which could lead to increased market volatility. This could result in sharper price movements during the week if this level does not hold. In that case, the PUT supports come into focus.
The 5750 level marks the strongest PUT support, providing substantial downward support for the market. However, before reaching this level, it’s important to consider the emerging PUT wall at 5765, which may stop the price from falling lower. This could act as an intermediate support, slowing or even halting a decline before the 5750 level comes into play.
🔶 Implied Volatility and Time-Based Strategic Opportunities NOW
The decrease in implied volatility, as shown by the IV and IVx indicators, signals a calmer market environment. Based on IV rank and average IV levels, volatility is running lower, which presents good opportunities for various spread strategies, especially time spreads that can be optimized between the 11/01 and 11/04 time frame.
Key levels above could fuel further market movement throughout the week if a breakout occurs. CALL/PUT gamma levels on the options chain strongly outline the potential resistance and support levels, but these levels can change dynamically, especially if SPX breaks through the 5900 level.
🔶 SPX Key Levels This Week:
5900 CALL resistance – Main gamma wall, strong resistance.
5925 and 5940 – Second and third weaker CALL walls, offering additional resistance if broken.
5830 HVL – Key level determining the gamma environment.
5765 PUT wall – Emerging intermediate PUT support, which could slow a decline.
5750 PUT support – Strongest PUT gamma wall and support.
Keep these levels in mind throughout the week, as they will likely influence market movements and the volatility environment. By applying the right options strategies, this information can help you structure profitable positions.
SPX500 road map to 5900: likely 'a' top if not 'the' top of 2024Bull runs often run longer than most imagine.
Or they can end before nice round numbers.
We believers know the FIBS light the way.
Pundits are calling for 6000 round number.
Golden Geneis fib at 5901 says otherwise.
Already feeling the heat as we approach.
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CorrectionThe price has just broke out of the channel. If it's not a fake break out, I expect to see some correction this week. Perhaps it will be insignificant like the previous one at the beginning of the month.
