S&P 500 Breakdown at Key Support LevelThe S&P 500 is showing clear signs of technical weakness as it breaks below a key support level around 5,675, coinciding with the 200-day EMA. This breakdown follows a rejection at 6,130, a recent high that established a resistance zone.
With the index now trading below the 50-day EMA, downside risks are increasing. If the 5,668 level fails to hold, further declines toward the next major support zone could materialize. Traders will be watching for a potential retest of broken support as resistance before determining the next move.
Key Levels to Watch:
📉 Support: 5,668
📈 Resistance: 6,130
-MW
SPX500 trade ideas
America's Finest 500 brace for tariff impactIn my last piece, I'd had the downtrend coming too early as only a technical formation to follow through. Now the news would not allow any sunshine close to the S&P's Best so soon, as the Trump Administration will introduce tariffs to Canada and Mexico imports. The short term trends on the index are already in the red.
More Tariffs
The Administration also plans tariffs on the Agrarian sector, which comes as horrific news to the farmers who import many material to produce their goods. The Administration calls for farmers to simply "overproduce" and start producing their goods in America, but there are three problems with that:
1st, the costs for staff. Not many people are left who could work on American farms after Trump's Administration has them deported by the grand. Hiring people to do hard labor almost nobody wants to do these days anymore is close to impossible at the current level of wages. The farmers have to prop up the payments if they want to have a chance to produce the required surplus at all.
2nd, the surplus. The produced surplus of goods does not allow to compensate costs with higher prices, as food will begin to flood the market and decrease food prices. That's good for food-insecure households, but will end in a disaster for the farmers, many of which will be forced to give up. Large agricultural corporations are likely to take over land from farmers, and they'll jack up prices back again as soon as they can.
3rd, the market . Whether the domestic market can consume farm's produce in a whole, no matter how big the surplus, is unclear for now as many households are currently above their price points on groceries. However when the surplus comes to market and produce becomes cheaper, there is not much wiggle room the surplus can fill before leading to a massive fall of prices and, thereafter, the sector of independent farmers. Also for big corporations the surplus can become a problem, because many countries will retaliate Trump's tariffs with their own tariffs to hit U.S. exports with a huge blow on their appeal.
Multilateral Tariffs Union against the USA
In multiple countries, once huge and high-ranking trade partners with the U.S., a Tariffs Union with members in Europe and Asia are discussed between politicians. As many countries face U.S. tariffs, the idea to create a new market of Free Trade aside America is floating around. European lawmakers discuss the idea of creating a Tariff Union with a few of the BRICS states, such as Brazil, South Africa and China, and propose that the EU lifts tariffs wherever the U.S. has laid them, so goods with a tariff for the U.S. can be sold elsewhere tariff-free.
U.S. will drown in surplus production with nowhere to go
Such plans would make it significantly harder for the U.S. to import goods their economy requires, and as the Tariffs Union would react on U.S. tariffs with their own, the U.S. will find it even harder to export its surplus. For now, such concrete plans depend on new players stepping up to the stage, such as Germany's Chancellery Candidate Friedrich Merz. The Germans, always reluctant to lay new tariffs onto the Chinese, could become a strong voice to form such trading alliances, even if they come with a price: China's forthcoming on such plans might depend on the EU's position on Taiwan, which the Union might reconsider and eventually overthrow, basically having no real interests to protect in the region. (Except for the electronics and chips industry, which is lured to the U.S. by Trump and creating a surplus of goods there.)
The U.S. market and economy are facing sinister times domestic and foreign, as Trump's politics are currently only profiting one faction of participants:
the short sellers.
S&P INTRADAY Bearish & Oversold Capped by 5768 resistanceKey Support and Resistance Levels
Resistance Level 1: 5768
Resistance Level 2: 5800
Resistance Level 3: 5920
Support Level 1: 5647
Support Level 2: 5624
Support Level 3: 5560
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
SPX500 - Daily Market Analysis 10 Mar 2025
The market will open lower today.
- The bulls see this as a retest of the March 7 low.
- They want a higher low followed but a higher low major trend reversal.
- If the market breaks lower, they want a failed breakout followed by a reversal to close the day with a long tail or a bull body.
- The bears want a continuation lower.
- They need to create follow-through selling below the January 13 low to increase the odds of a measured move down which will take them near the 5400 area.
- If the market trades higher, they want poor follow-through buying, followed by a second leg sideways to down to retest the current leg extreme low (now Mar 7).
- The parabolic wedge increases the odds of a minor pullback. The move down is strong enough for traders to expect at least a small second leg sideways to down after any pullback.
- If the market trades higher, traders will see the strength of the pullback. If it is weak and stalls around the bear trend line or the 20-day EMA, the odds of another leg down will increase.
Is Trump’s Golden Age a Recession in the Making? Let’s Find Out“This tariff low key slaps,” says no trader ever as markets get jerked and jolted day in and day out because no one can really figure out what’s happening. On some days, US President Donald Trump wakes up and chooses to slap a tariff or two on America’s closest and biggest allies. On other days, he goes for the pardon.
Turns out, investors don’t really like it. Stock markets left and right wiggled to the point they couldn’t take it anymore — the tech-heavy Nasdaq Composite NASDAQ:IXIC dived into correction territory last week. That is, the index plunged more than 10% from its most recent peak, which was a record high.
Even though Friday was a good day for stocks, the S&P 500 SP:SPX closed out its worst week since September, wiping off 3.1%. Zoom out and you get an S&P 500 that’s barely holding above the flatline since the election. In other words, more than $3 trillion has been washed out from the Wall Street darling since it hit a record high in late February.
Where Do We Stand on Tariffs Now?
So where has the dizzying labyrinth of tariffs landed? And is that final? (No, it’s not.) Trump last week declared that there’s simply “no room left” for Canada and Mexico to bargain over a deal or even a delay. That’s a 25% levy taking effect right there. A day later it was no more — a month-long reprieve for carmakers was introduced.
Then a day later, Trump suspended the 25% levy on almost all goods from its closest neighbors. To this, Trump said that the “big” wave of tariffs is coming in early April to a bunch of countries, including the European Union. Right now, only China’s 20% tariff remains in place.
The roller-coaster ride around who gets slapped with what has sent the dollar TVC:DXY in a freefall — so much so that the markets have started to chat about a “Trumpcession,” (not something you’d like to have your name on). That is, some traders and investors expect Trump’s policies to tip the American economy into a recession.
Swirling fears of a downturn came right as the Federal Reserve apparently managed to stick the soft landing — Jay Powell and his clique of central bankers lowered inflation through interest rate cuts while the economy continued to grow without nosediving into a downturn.
A side worry of the tariffs (with very real front-and-center consequences) is a pullback from the Federal Reserve on its rate-cutting campaign. Analysts are quick to say that the US central bank won’t be looking to trim borrowing costs any time soon. Not with all that White House noise threatening to derail consumer confidence and dent corporate profits and revenue.
Apparently, the huge wave of uncertainty around Trump’s tariff agenda, centered on isolation and protectionism, is making global investors nervous.
In this context, how are you navigating the sea change? What’s your portfolio showing and how do you feel about growth prospects ahead? Share you thoughts in the comment section and let’s chat!
Still Bearish, Still Grinding – Patience Remains the KeyStill Bearish, Still Grinding – Patience Remains the Key | SPX Market Analysis 10 Mar 2025
Another week, another grinding bearish move—but are we truly breaking down, or is this just another market head-fake?
Friday gave us a tease of a breakdown, only to bounce right back into the range by the close. The overnight futures are dipping slightly, but we’re not yet below last week’s lows, meaning the bears haven’t fully taken control—yet.
The scenarios remain unchanged, the bias is still bearish, and patience remains the best strategy. We’re watching for confirmation—because in this kind of slow-motion market, forcing a trade only leads to frustration.
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Deeper Dive Analysis:
The market is playing the ultimate waiting game, and traders are getting impatient. It’s been grinding lower, teasing a real breakdown, only to snap back into the range by the week’s end. It’s like watching a boxer throw a knockout punch—only for the opponent to wobble, but never hit the canvas.
The bearish move is still intact, but it’s moving in slow motion. It’s not a dramatic crash, but a controlled decline, inching lower each day.
📌 Friday’s Tease – The Breakdown That Wasn’t
The market attempted a decisive break lower but failed to hold.
By the close, price had bounced back into the range, leaving traders confused.
This type of fake breakdown is what traps emotional traders, forcing them to chase moves that never materialize.
📌 Overnight Futures – More of the Same?
Futures dipped slightly, but last week’s lows remain unbroken.
A real downside continuation requires price to actually commit below key levels.
For now, it’s just more of the same slow-motion grind.
📌 The Bearish Bias is Still in Play – But It Needs Confirmation
The larger descending channel is still guiding price lower.
The bias remains bearish, but conviction is lacking.
If the market doesn’t break soon, we could see another bounce-back-to-nowhere scenario.
📌 The Plan – Stay Hedged, Stay Patient
No need to force a position—the market hasn’t fully committed.
Let the range confirm a direction before taking on new risk.
Stay ready—because once the move happens, it could be fast.
Right now, the market is whispering, not shouting. The traders who listen to what price is actually doing, rather than what they want it to do, will be the ones who capitalize when the next real move arrives. 🚀📉
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Fun Fact
📢 Did you know? In 1986, a trader at the Chicago Mercantile Exchange accidentally placed a $7 billion order instead of $7 million, causing a massive market spike before it was caught and reversed.
💡 The Lesson? Even the smallest trading mistake can have enormous consequences—which is why having a structured system like the SPX Income System can help avoid costly errors and keep your trades under control.
SPX Will Grow! Long!
Here is our detailed technical review for SPX.
Time Frame: 45m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 5,770.40.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 5,863.87 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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SPX500USD Will Move Lower! Short!
Here is our detailed technical review for SPX500USD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 5,757.1.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 5,713.4 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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SPX: the “kangaroo” marketSince the establishment of financial markets there has been a market separation on bullish and bearish markets. Traders just invented the third option called the kangaroo market, in an attempt to describe recent developments of price movements. It refers to rare development of the price movements when the price of an asset goes strongly in one direction and then returns back to a starting position, all within one single trading day. It also reflects the level of uncertainty that is currently evident. The S&P 500 continues to be in a correction mood. The index was struggling to sustain the 6K level, however, the price moves from the previous week are showing that the market is slowly losing nerves. The worst week since September is behind, as analysts noted. On Monday, the index tried for one more time to reach the 6K resistance, and then finally reverted to the downside. The lowest weekly level was at 5.670, which was the last time traded in July 2024, while a total weekly loss accounts for 3,1%.
Jobs report posted on Friday, brought figures which were lower from market expectation, with a 151K in NFPs. The unemployment rate was also higher by 1pp, ending the month at 4,1%. This is not a good sign for the economy, adding to its high uncertainty over US Administration trade tariffs. Currently, trade tariffs are playing a crucial role when it comes to market sentiment. In this sense, the negative sentiment might continue, but unfortunately, also the kangaroo moves. The market is trying to find new grounds, which might take some time.
Bearish Outlook for US500: Watching 5,200 SupportAfter testing support at the end of February, the US500 fell below this key level at the start of March, signaling the potential for a deeper correction.
In my view, this scenario is likely, and any rebound this week could present a good selling opportunity for speculators.
My target for this correction is the 5,200 support zone. A stabilization above 6,000 would invalidate this outlook.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
SPX 500 - Let's wait until revise pattern is there. Hello traders, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trading on the price movement. A key part of my discipline is Stop Loss set when opening a trading position, which ensures every trading is risk managed. My 1 to 1 trading training is available, please message. Trade well and good luck!
S&P 500 BUY Buying area with support and the beginning of the foS&P Analysis Technically, looking at the analysis, we see that it is poised for a potential move, but the immediate outlook is vague due to the downtrend not being broken yet, traders are advised to focus on key support and resistance levels to navigate the market effectively. The short-term support of the S&P is located at 5,667 and 5,653 around the area, which is considered a critical area for further price gains. A drop below this level may indicate potential downside risks, although a quick recovery is possible given the overall uptrend.
On the positive side, the resistance area between 5,965 and 6,100 is important, and traders may consider taking short positions if the price moves into this range. However, the general short-term trading strategy remains focused on buying on dips and selling on rallies, with a particular focus on the support at 5,661 and resistance at 6,100 -.
Trading Recommendations
Entry Price ⚜️
BUY. 5,763 ♻️
TP. 1. 5,829🔰
TP. 2. 5,898🔰
TP. 3. 5,961🔰
TP. 4. 6,028🔰
TP. 5. 6,100🔰
Stop Loss;
SL. 5,560📛⛔️
US500: Bearish Pattern Signals A Bigger DeclineUS500: Bearish Pattern Signals A Bigger Decline
The US500 index has broken down from another bearish pattern, signaling the beginning of a bearish movement. The price could continue to move down to the 5718 and 5780 areas, where it may find strong support.
The bearish movement is also attributed to the turmoil created by Trump's tariffs on major trading partners, including China, Canada, and Mexico. These actions may create problems for US companies. The index is showing these problems by moving down today and opening the door to further decline.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Validation of a long term top in the SPX continues to playballLast week I posted an update on my SPX cash index analysis...found below.
At the end of last week, we see where the price action has been filling in nicely as of Friday. Some key take-a-ways. First, is the price action has breached the area that I am counting as the wave 4 of one lesser degree. This would be an initial clue that the bull market pattern that started back in August of last year is cracking. This would be the area that I am counting as the intermediate wave (4). I am forecasting this recent price action down is the Minor A wave of the beginning of a stair stepped decline that has a high probability of coming back into that area of the August 2024 lows after we retrace higher in a minor B wave, labeled in Red.
What's important about price coming back into this area of approximately 5121-4950 is this the area that price could hold and manage a higher high, essentially meaning that my count is off by one degree...and what I am counting as a wave (III) super-cycle top will get pushed out to end of 2025-2026. However, to breach this area even incrementally, would provide much the same clues we're getting now, about price breaching the minor wave 4 of one lesser degree.
Below this must hold area, is where my forecast of a super-cycle wave (III) gets confirmation...until then we look for clues of validation...but confirmation does not come until price cane breach this area. To breach this area would reflect in price action that resembles the below.
US500 Signaling Optimism!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈Long-term, US500 has been overall bullish trading within the rising wedge pattern marked in blue.
This month, US500 has been in a correction phase, retesting the lower bound of the wedge.
Moreover, the green zone is a strong structure and previous ATH.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of structure and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #US500 is hovering around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.