SPX500 Bullish Reversal CallThe index is on good daily trendline support. Plus, there is a divergence with the breaking previous LH and giving all evidence to start a new bull trend on 1H TF. Planning to get 1:2 with the given trade plan.
SPX trade ideas
S&P500, US GDP grew by 2.3% in Q4 The U.S. GDP grew by 2.3% annually in Q4, confirming the initial estimate and meeting market expectations. S&P (US500) index pair price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a sideways consolidation after a retest of an all-time high on 19th Feb ‘25.
The key trading level is at the 5918 level, the consolidation price range and also the previous resistance is now a newly formed support zone. A corrective pullback from the current levels and a bullish bounce back from the 5918 level could target the upside resistance at 6018 followed by the 6060 and 6106 levels over the longer timeframe.
Alternatively, a confirmed loss of the 5918 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 5866 support level followed by 5827 and 5777.
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Bounce Doesn't Look Convincing SPX made a bit of a bounce off the support levels but it's not shown the strong properties I'd have expected to see in the bat D leg or the C leg I spoke of.
All trailing stops on longs hit.
If we can continue to break out to the upside I'll probably have to buy breaks with tight stops but I think the more likely looking setup here is we make a new low.
If a new low comes from the setup we have a butterfly forms just under the last lows. This is a big inflection point. Either a low is made or we trend down strong under it.
This would also agree with the big 1.61 inflection area.
Starting to think I was wrong about the bigger bull trap idea and we might see a break. Back in shorts.
Possible Bat Forming In my initial mention and entry at the low I posted the Elliot ABC corrective pattern.
Then I remembered we live in the age of eternal stop hunting. Upon some further consideration, I suspect if my bear thesis is correct we'll likely see a new high first.
Probably the short being 6160.
The difference between the ABC and the bat D leg does not matter at this point. Both are strong buys to the retracement levels.
Just a heads up because the possible bat pattern changes the way we go about fading the rally (And I will be trying to fade a rally if it comes).
At things stand, I suspect 6160 is the destination for SPX.
All long stops are in profit now, just waiting to see if we can break up.
17 Year cycle for SPXThis is a seventeen year cycle chart for the SPX. Data earlier in the century is adapted from the DOW.
It shows a consistent topping pattern every 17 years.
LongLong.
Looks like good trades
Lets monitor.
Use proper risk management.
Disclaimer: only idea, not advice.
SPX the bullish case to 7k or is the top in now? or bearish?Here are the levels for bull or bear on the SPX based off a fib extension from the macro lows.
What is interesting is how the price has reacted off the 0.618 and 0.5 levels suggesting that it has further to go because we have broken out
However if you draw another fib extension from the lows it shows a top around 6100-6150 range where we are now.
Good luck - lets hope the bulls win out and crypto takes off too. If you do the same analysis on the Nasdaq fib tops out at 26,400 where fib is equal to 1. that implies Nas to over perform to 20-25% from todays levels hence supports the argument here for higher prices on the SPX
SPX500For follow-up and to evaluate the movement at these levels,
in case this pattern is adopted ..
SPX needs to close above $6,700 next month to be bullish. The 3 month on a breakout indicator is doing a higher low which signals a market reversal. The Red line on the Breakout indicator is a simulation if SPX will close above $6700. Usually, the market tops at the red step average, if SPX can close above that, it will be a massive move to the upside, if it touches it or barely touches it, it might be on a reversal. The support is the Step Average Blue line but im looking for it to go easily on the Green Step Average line.
S&P500 - The 2025 Bullrun Just Started!S&P500 ( TVC:SPX ) will rally massively during 2025:
Click chart above to see the detailed analysis👆🏻
Over the past couple of years, the S&P500 has perfectly been respecting the trendlines of a rising channel formation. After the recent rally of +70%, it is quite likely that - following the 2020 cycle - we will see another final rally of about +20% before the S&P500 will correct itself.
Levels to watch: $7.000
Keep your long term vision,
Philip (BasicTrading)
SPX Downside Continuation Post Trend BreakdownAnticipating selling pressure to continue into weekend with SLD/OPEX headwinds. ES broke below key 6030 level and will need to find support above 6k to maintain bullish positioning. SPX closed the week at 50EMA but a failure and Monday open below 6k likely leads to downside opportunity at lower trendline around 5960-5970.
Positions: Feb26 6,000P
Possible Completion of this stage of drop.We have a nice 5 leg drop so far and now we're current threatening the double bottom.
If we fail to make a new low today I think we'll trade 6080 again.
Picked up longs and lotto calls today.
Would love to see this bounce for a short.
Out my shorts accumulated during the drop.
SPX looking like Dog$#it here. Down is comingNot much to add here. Chart looks terrible. Me thinks down for the next few months
NVDA Earnings - Must Watch EarningsNVDA Earnings Wednesday after market
This is crazy that 1 stock may be the pain or gain for the markets in 2025
Glass Half Full
-NVDA is a revenue monster
-Earnings trend continues to point higher
-Demand for chips remains high (minus DeepSeek scare and uncertainty)
-19% weight on SMH
-7% weight on SPY
-8% weight on QQQ
-NVDA bullish can single handedly lift the markets and renew optimism and risk appetite
Glass Half Empty
-NVDA is overvalued
-NVDA hasn't hit all-time highs since Nov 2024 (with fakeout in Jan 2025)
-NVDA's reign is over and competition is heating up in the chips space and AI arms race
-NVDA bearish can be the wave of risk off that confirms current market concerns and fears
It's a big deal - plan and trade accordingly. Thanks for watching!!!
SPX afternoon analysisProposed top with ending diagonal (5) of ((c)) of y of B, with anticipated impulsive price action towards October 2022 lows.
For ((c)), (1) > (3) > (5), count valid below price of 6172.35.
S&P500 Is Nearing The Daily TrendHey Traders. in today's trading session we are monitoring US500 for a buying opportunity around 5850 zone, S&P500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5850 support and resistance area.
Trade safe, Joe.
SP 500 roadmap for the next few days The chart posted is the cash sp 500 based on lots and the Math we should hold the 6009 area if this is correct and then drop into some bad news in a 3 wave drop to .786 or a minor new low at 5886 Not sure yet .I am back in Cash 100 % just relaxing and watching the MATH best of trades the WAVETIMER
SPX: Buyers are thereOn SPX as you can see on the chart buyers are present. An upward trend is expected.
SPX500USD Will Go Higher! Long!
Here is our detailed technical review for SPX500USD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 5,987.7.
The above observations make me that the market will inevitably achieve 6,125.2 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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SPX Pop After Drop ?What's up people? I'll tell you what I think might go up !
I think I just might see enough accumulation going on to cause a pop. Yep, you read right.
A pop to 6045.5 area on SPX/USD if and IF price can get and hold above 5994.1 area.
That's around 48.3 points. Nice little pop after that big drop.
Get your bulls ready to display at the local fair.
Break above 5994.1 area
Target 48.3 points 6045.5
$SPY $SPX Pullback to Gap Fill? I've been waiting for a rocket to AMEX:SPY $630 but my monthly tells me that February wants to close red. Here is my daily with a fib that we cant seem to hold above although today we did close above once I have been waiting patiently in this box unlike others, I have constantly reiterated, don't try to be a hero inside of the box. Now that the Box seems to be pushing towards the upside, I can't help but notice we continue printing bearish candles regardless of direction. Today we closed with a Hangman, which begs the question, could we perhaps lean bearish for two of the most bearish weeks of the year in comparison? I'd like to think I'm not wrong here and we will get a spill before anyone gets an expected blow off top. Be careful out there, volatility remains present and the VIX was above the 50DMA last time I checked. If we can get this gap fill and start moving back up, I will be confident in the gap fill being bottom. Seeing as $593 AMEX:SPY alert for bottom never filled, I will have to assume it's still a possibility. Taz out.
S&P500 How Expensive Is It?The Average Wage Earner Needs To Work166.5 Hours To Buy One Share Of The S&P500
If this chart does not drive the point home. Nothing will.
Sometimes simple common sense is more powerful than all the fancy analysis one can buy or think of to create.
Price is what you pay, and value is what you get! Remember that my friends.
DANGER IS SCREAMING AT YOU!
