SPX will reach 6000Stocks are going hyperbolic, not because of a healthy economy but because of unbounded inflation and QE infinity. 1929 will look like a firecracker when this explodes.Longby nagihatoumUpdated 242441
The prospect of a recession and a catastrophic market collapseThe prospect of a recession and a catastrophic market collapse looms large. All who are alert to the state of the financial markets cannot fail to recognise that this is an inevitability, following the past few years of flagrant profligacy on the part of the Biden administration and the reckless policies of the Federal Reserve, whose incessant money printing has wrought havoc. The crash I anticipate will likely see a fall of fifty per cent in market values, though it may well prove to be far worse, perhaps as severe as seventy five per cent. It seems probable that this event will unfold at some point in 2025, possibly around September or October, and endure for a number of months. However, it could come much sooner. Inflation, far from abating, is once again on the rise, and we are now mired in stagflation. The outcome is all but certain: there is no remedy, no action the Federal Reserve may take, that will avert the consequences of this disastrous course.Shortby johnmknox0
Great trade in SPY!!!For an aggressive trader, you can buy now and place your stop at $5848, which is a safe zone because if the market falls below this price, the bull market would also be invalidated. My target would be $6193, which is the last leg plotted at the bottom of the pivot. To support this position, we observe that the SPX has pulled back to the 0.5 Fibonacci zone and the previous high, and the stochastic is in the oversold area. This trade offers a 4% gain and a 1.77% loss.Longby igorwolwacz1
Bulls And Bears zone for 11-21-2024On a daily chart, which gap is going to be filled in S&P 500 first. One on down side or upside. Level to watch: 5966 ---5964 Report to watch: US Existing Home Sales 10:00 AM ETby traderdan590
SP500 Short trading opportunity(day-to-overnight-trading) 1I expect a drop of about 20+- points all the way down to 5295 from 5310+- Stop Loss 5322+-, take profit is 5295+-. I am risking nothing but if I had not traded today I would possibly have risked 1 unit of the Micro E-mini S&P 500 Index Futures (MES).Shortby ricomisterUpdated 2
NAS 100 Execution , Taken out at break even The luck was just not in my side , My TP was missed in just a Tick but the trade management was top notch and that is what am learning to do well , This was An A setup for me and a low because of the low hanging objective but I wanted to see the market deep more like 10 handles below the sell side liqudity , If you will be seeing this past 30th, my subscription will have expired I just had one month subscription so am asking someone of goodwill if he /she can gift me a subscription so I can compete on the leap completion , Thank you .Long10:39by murimilm20220
S&P500 - DTF UptrendMajor Resistance: 6020 Major Support: 5702 If the trend continues to break 6020 we can enter the bullish side trade. There are no signs of reversal as of now. It is safe to assume the trend is on the upsideLongby ShahzaibNaveed0
S&P500 - Parallel ChannelThere's a continuous parallel channel towards the bullish side. Bounce on Fib levels 0.618, 0.50, 0.382, and 0.236, and continuing the trend is a strong bullish sign towards an uptrend. A bearish divergence on the RSI oscillator nut looks invalidated as it took a dip for several weeks.Longby ShahzaibNaveed0
US500 STILL REMAINS BULLISHUS500 remains in a bullish trend, but the ongoing pullback suggests a potential correction toward 5840–5880. This zone, supported by the Ichimoku cloud and imbalance on a 1D TF, and could serve as a strong area for a bullish rebound. A breakout above 6,000 would confirm the next leg of the bullish rally, while a breakdown below 5,740 could trigger a deeper correction. Longby HorazioUpdated 0
#SPX 1 hour chart of SPX..... We may see an retrace in fews days as trump will enter in 🏡 by Kajal_160
S&P 500 index Wave Analysis 19 November 2024 - S&P 500 index reversed from support zone - Likely to rise to resistance level 6000.00 S&P 500 index recently reversed up from the pivotal support level 5850.00 (former multi-day resistance from October). The support level 5850.00 was further strengthened by the lower daily Bollinger Band, support trendline from August and the 50% Fibonacci correction of the upward impulse from the start of November. Given the clear daily uptrend, S&P 500 index can be expected to rise to the next round resistance level 6000.00. Longby FxProGlobal0
S& P 500 _ USD _ Active _ Short _ Trading _ Strategy_ Under _ TrS& P 500 _ USD _ Active _ Short _ Trading _ Strategy_ Under _ Trading _ Venue _ OANDA . Next Price = $5,930.1 $5,942.6 _____________ Drop = $5,886.5 , $5,870.0 _________________ 1st Trade: $5,968.6 Drop to $5,934.5 _________________ Breakout Distribution prices: 2nd Trade : $5,999.9 $6,015.5 $6,065.5Shortby Skill-Knowledge-Conduct1
US500 long-Price stalled on a daily key level. -Wyckoff side way move with a possible shake out point confirmed by the big bull leg afterwards. -Entry order right at the splitting line of the range. -Stop loss order below the second lowest point. -First target right at the bottom extreme of the next range. 3 r/r Longby koumkouat0
Local correctionI think it can still go a little bit lower. ________________________________UShortby Supergalactic0
Retesting support on the S&PThe Dow ended a touch lower last night, but otherwise US stock indices closed with modest gains. Earlier in the session, all the majors rallied off intermediate support levels which were being tested after last week’s pullback. Overnight, the major indices built on Monday’s gains but then sold off sharply on the European open. Investors were rattled by a statement from Russian President Vladimir Putin concerning the use of nuclear weapons, should Russia be attacked by conventional weapons backed by a nuclear power. This has taken the Dow, S&P, NASDAQ and Russell 2000 back to support once again, indicating that investors remain nervous with the stock price of many corporations trading at rarified levels. Just focusing on the S&P, there’s a band of support which runs down from 5,870 to 5,800. So far, support has held at the top end of this range which is positive news for the bulls. If prices can continue to steady, then there’s a reasonable chance that US stock indices could soon have another attempt to take out the record closes hit at the beginning of last week. But there are also reasons to be cautious. Geopolitical concerns aside, the giant corporations in the ‘Magnificent Seven’ currently account for around a third of the S&P 500 by market capitalisation. That represents a significant overvaluation. This could be tested after tomorrow’s close when NVIDIA, currently the largest corporation in the world by market capitalisation, releases its latest earnings update. If the generative AI chipmaker beats forecasts, and once again issues positive forward guidance, then this could provide a base for another surge in tech stocks. But any slither of disappointment could result in a sharp sell-off as investors rush to cut their long side exposure. Investors are already getting antsy following reports yesterday that NVIDIA’s new Blackwell chip has been overheating. The other concern is elevated bond yields. US Treasuries have rallied sharply since mid-September, following the Fed’s 50 basis point rate cut. Yields jumped again after Trump’s election victory. The key 10-year has pulled back from its highest levels, and is down around 4 basis points this morning on safe-haven bond buying. But it remains elevated, and not far below 4.50% - a level which could, if breached, cause concern for investors, leading to a drop in risk appetite. by TradeNation1
SPX WEEK OF 11/18/24SPX WEEK OF 11/18/24 To maintain simplicity, once the price moves beyond the WHITE range, monitor for a potential retest of the breached level. Be prepared to initiate long or short positions targeting the YELLOW ranges.While prices may surpass the YELLOW range targets, these levels provide a robust framework for securing profits. 🎯🫡 *These levels are derived from comprehensive backtesting and research, demonstrating over 90% accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.* by J3Trad3sUpdated 1
15-11 EURGBP15-11 EURGBP We are early here. An uptrend of this pair. The current GDP growth figure from the UK is -0.1% which is a deterioration of the economy. We execute a buy here with a long range linked to it starting at 0.83470.Shortby Probeleg0
Correction neededS and P 500 looks oversold having been dropping for a few days. The previous established highs will be the target, simultaneously becoming potential selling regions if the bullish pressures cools down.Longby Two4One40
S&P Bearish ContinuationLast week begun a bearish move i am expecting price to continue down for now, bias is subject to change upon negating factorsUShortby nyendwaelijah70
SPX 500 Cup completed handle formation SPX500 has been creating a rounding bottom form 2021 to 2024 and we have tested the neckline we are expected to created a handle and retest 4350 and then it should push towards 5400-6200 range in the next few months. by WhaleKingpinUpdated 7
Sell OpportunityPotential Trade Setup: Short Position: The analysis suggests a short trade idea based on the rejection at the top and the weakening momentum. Entry: Around $5,875.57 (current level). Stop Loss: Above recent highs (potentially around $6,036). Take Profit: Targeting a move down to $5,448.32, which is a 7.27% decline from the current price. Risk-Reward Ratio: The setup targets a significant downside move, making it a potentially high-reward trade, assuming a well-placed stop loss. Analysis Breakdown: Current Price Action: The S&P 500 is currently at $5,875.57 after a significant upward trend. There is a visible rejection near a recent high, suggesting a potential reversal or pullback. Volume Profile: The volume profile on the left indicates areas of high trading activity (high liquidity zones). Strong volume nodes can be seen at the $5,560 level, which may act as a support area during a pullback. Support and Resistance Levels: Resistance: Key levels are marked around $6,016 and $6,036, representing recent highs. Support: There are several support levels, with the critical zone highlighted at $5,560.47. Below this, the next support is seen at $5,446.54 and $5,359.70. Trend Line: The trend line shows a break or a test of the uptrend, which could indicate a bearish move if the index fails to hold above it. Squeeze Momentum Indicator: The Squeeze Momentum Indicator at the bottom is green, indicating bullish momentum, but there are signs of slowing momentum, which could precede a pullback.Shortby GODOCM0
spx longall stocks look like to gain more power to upside 5980 is my max target. but possibly go up further more until end of this month. I see some bearish signal in october but before it is bullishLongby illuminating_tradeUpdated 115
Nightly $SPX / $SPY Predictions for 11.18.2024 🔮 🔑Key Market Events: 🛍️ Earnings: NYSE:WMT (11/19), NYSE:TGT & NASDAQ:NVDA (11/20), NYSE:DE (11/21) 📈 Consumer Sentiment (11/22) Shortby PogChan0