SPX: Sell ideaSell idea on SPX as you can see on the chart because we have the breakout with force the vwap indicator by sellers.Shortby PAZINI19141422
SPX500 Holds Key Support – Bullish Bounce or More Downside?📉 S&P 500 (SPX500) Analysis – February 28, 2025 📉 The S&P 500 has dropped -2.8% to 5,856, as expected , after rejecting the 6,010 pivot zone. 📌 Today's Outlook: Bullish Scenario: S&P 500 is showing bullish momentum after stabilizing above the pivot zone (5,879 - 5,856), which acts as a key daily support area. As long as the price trades above this zone, it is likely to push up toward 5,898 and 5,920, with consolidation expected between 5,879 – 5,920. Bearish Scenario: A 4H candle close below 5,856 would confirm a bearish shift, targeting 5,826 and potentially 5,792 as the next downside levels. 📊 Key Levels to Watch: 🔸 Resistance: 5,898 | 5,920 | 5,960 🔹 Pivot: 5,880 🔻 Support: 5,856 | 5,792 | 5,765 🚀 Will SPX500 hold above support, or is another drop coming? Share your thoughts! 👇🔥Longby SroshMayiUpdated 9
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)Long03:19by basictradingtvUpdated 151577
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. Longby holeyprofit6
SPX: break of long term trend-lineThe game of nerves could be one of descriptions of developments on the US equity markets during the previous week. It was a heavy week due to a significant drop in the value of the S&P 500 but also other US equity indexes. The index declined about 1% during the previous week, and 1,4% since the beginning of February. Friday brought back significant buyers, where the index managed to end the week at the level of 5.954. The lowest weekly level was at 5.840. Tech companies were trying to hold, however, the majority ended February in a negative territory. Tesla is one of the most hit companies, with a weekly loss of around 16%. Analysts are noting that this represents the highest weekly loss of TSLA since December 2022. Other large companies also had significant drop, where Nvidia lost around 10%, while Palantir was down by around 19%, after recently reaching the historically highest level. On the other hand, companies within the financial sector performed in a positive manner, rising 1,3% for the week. When looking at the daily chart of S&P 500, the major support line was clearly breached. This line connects historical lows from October 2023, August 2024 and January 2025. It has been clearly breached on Thursday, however, Friday trading session brought the index back toward this line, but this time from the down side. Whether Friday's positive sentiment will continue is to be seen on Monday. For the moment the US equity market is under strong influence of geopolitical topics and potential trade tariffs. In addition, it should be considered that NFP data will be published in a week ahead, which might influence some higher volatility. by XBTFX9
Crash or Boom? A look at what's nextFor those that have eyes to see (you don't even need ears to hear) a look at the charts can show us trends of new and old. These trends encapsulate psychology. Here's what I see. Take a look at the chart, and ask me what all this means. OR, if you don't agree with the annotations, give me your take.by eliotmat5
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 by wavetimer7
S&P500 Index Goes 'Floundering', ahead of Bearish HarvestWhile the S&P 500 is generally expected to perform well in 2025, with forecasts suggesting gains ranging from 9% to 14.7% depending on the source, there are several factors that could lead to a less favorable performance or even a decline: High Valuations: The S&P 500 is currently trading at high valuations, with a P/E multiple of 22 times projected earnings, which is above historical averages. This elevated valuation increases the risk of market downturns if there are negative economic shocks. Economic Uncertainties: The economic landscape is filled with uncertainties, including potential inflation increases and geopolitical tensions. These factors can impact investor confidence and lead to market volatility. Interest Rates and Bond Yields: Higher bond yields can reduce the attractiveness of stocks compared to bonds, potentially leading to a decline in stock prices. Earnings Growth Expectations: While earnings are expected to grow, there is a risk that actual growth may not meet these expectations, which could negatively impact the market. Policy Risks: Changes in trade policies, such as tariffs, and shifts in fiscal policy could also affect the market's performance. Historical Patterns: Achieving three consecutive years of high returns (above 20%) is rare for the S&P 500, suggesting that 2025 might not see such strong gains. Overall, while there are positive forecasts for the S&P 500 in 2025, these potential risks could lead to a less robust performance or even a decline if they materialize. // While salmon make up the bulk of their diet, Coastal Brown Bears also enjoy a fresh flounder now, and again. Best wishes, PandorraResearch Team 😎 by PandorraResearchUpdated 8
Shorting the S&P at 6000We previously picked the turning point of the S&P at the all time high. We now expect this to continue with the downtrend as it approaches the strong 6000 resistance. 1) There is pattern 2) H4 and D1 are down 3) M15 is overbought, awaiting divergence We target the low of 5915 which will give a 1:2.5 R:RShortby JD_TeenTraderUpdated 5
SPX ready for the correctionhi traders, This is probably not what most traders want to see but we must be realistic. The monthly close is upon us and it's not gonna be a bullish close. A lot of selling pressure and it may be just the beginning. A 13 % correction on SPX is more than likely in my opinion. If the price loses the upsloping support, we will see the mark-down pretty soon. Stoch RSI suggests that the bears are taking control. My target for SPX is between 5200 and 5000. Get ready to buy cheap stocks and cheap crypto! Shortby vf_investment5
Market SnapshotI really wonder how 1600 Pennsylvania Ave is going to explain away what happens later this year and into the next This is not good people...this is not goodShortby Heartbeat_TradingUpdated 5
SPX500USD| BEARISH VOLUME HELLO SPX500 The price followed my previous analysis, experiencing a sharp decline. After such a steep drop, a corrective movement is necessary, and currently, the price is in a retracement phase toward the 5886 level. If it manages to break above this level, the price is likely to extend its upward correction, potentially reaching the upper boundary of the channel or even testing the 5947 resistance. However, despite this short-term correction, the overall bearish trend remains dominant. Once the correction phase is exhausted, we anticipate the price to resume its downward movement, breaking through all intermediate support levels until it reaches the primary bearish target at 5777. This expectation aligns with the prevailing downtrend structure, reinforcing the continuation of bearish momentum.Shortby ArinaKarayi7
Hidden positive divergence on S&P 500Hidden positive divergence on 1d and 1w + bottom of the channel. Should make a big bounce soon. Valid as long as the price doesn't update January 13-14 low.Longby Supergalactic3
SPX500 Bullish Retracement or Short Continuation? 1. Top-Down Bias 1. Weekly (Long-Term): • Structural Trend: Bullish (higher highs/higher lows) since mid-2022. • Momentum: Cooling (Weekly MACD negative, RSI slipping from overbought). • Conclusion: Still in an uptrend overall, but increasingly vulnerable to corrective pullbacks. 2. Daily (Intermediate-Term): • Trend: Corrective/short-term bearish tilt (price below 10 & 50-Day SMAs). • Support: Key rising trendline near 5,830–5,850; 200-Day SMA around 5,737. • Conclusion: Intact broader uptrend, but near-term momentum is down. Bulls must reclaim ~6,000–6,100 to regain full control. 3. 4-Hour (Short-Term): • Trend: Bearish (lower highs/lower lows, price below major 4H SMAs & Ichimoku Cloud). • Bounce: Price is rebounding off ~5,830. Overhead resistance near 5,950–6,000. • Conclusion: Still bearish unless price closes decisively above ~6,000. 4. 2-Hour (Intraday): • Trend: Dominantly down, but intraday MACD and RSI have turned bullish. • Resistance: 5,940–5,970 (Fib confluence) and ~5,990–6,000 (Ichimoku Cloud base). • Conclusion: Short-term bounce is underway, but the structure remains cautious below 6,000. Overall Bias: • Long-Term: Bullish. • Short-Term: Bearish/Corrective. • Potential for a relief rally if price breaks above ~5,970–6,000. Otherwise, deeper corrections could target 5,830–5,850 or below. 2. Key Levels & Confluences • Major Resistance Zones: • 6,000–6,100: Overhead supply on Daily & 4H, plus 10 & 50-Day SMAs, Ichimoku cloud underside. • 5,970–6,000: 2H/4H Fib confluence and descending trend line. • Major Support Zones: • 5,830–5,850: Short-term bullish order blocks, rising daily trendline, and 2H/4H support. • 5,737: 200-Day SMA, key if the above zone fails. • 5,600–5,400 (Weekly OB) and 5,634 (50-Week SMA): Deeper support if a more significant correction unfolds. • Indicator Confluences: • Weekly Ichimoku → Price well above the cloud, but momentum fading. • Daily Ichimoku → Price near/below the cloud (~5,990–6,000). • MA Clusters → 10 & 50-Day near 6,000; 100-Day ~5,960; 200-Day ~5,737. • Fibs → 5,830–5,970 region offers multiple retracement overlaps on lower timeframes. 3. Scenario 1: Bullish Continuation / Recovery Narrative: Despite recent short-term weakness, the longer-term uptrend is still intact. A rebound could take hold if price holds above critical support (5,830–5,850) and reclaims the Daily/4H resistances near 6,000. Indicators on lower timeframes (2H MACD & RSI) hint at a near-term bounce. 3.1 Aggressive / High-Risk Approach • Entry Conditions: • Look for intraday bullish reversal candles (e.g., 2H bullish engulfing) near 5,840–5,860 support—before a confirmed 4H close above resistance. • This could be triggered if RSI on 2H recrosses above 50 (it already has) and price bounces off a retest of 5,850. • Stop-Loss Placement: • Tight stops just below 5,830 (recent swing low). • Accept the risk of whipsaw if the market tests that area again. • Pros/Cons: • Pros: Potential for a strong R:R if the bounce holds; you enter near the bottom of the range. • Cons: High chance of a false breakout or further drawdown if short-term momentum fails. 3.2 Moderate Risk Approach • Entry Conditions: • Wait for partial confirmation such as a 4H close above ~5,950–5,970 (descending trend line/Fib zone). • Alternatively, a bullish MACD crossover on the 4H chart or price reclaiming the 4H Ichimoku conversion line (~5,950–5,970). • Stop-Loss Placement: • Below the newly formed higher low (e.g., if price pulls back to 5,880–5,900, place stops slightly beneath). • Gives moderate breathing room compared to the ultra-tight approach. • Pros/Cons: • Pros: Lower risk of immediate fakeouts. • Cons: May miss the absolute bottom if price reverses sharply without much consolidation. 3.3 Conservative / Low-Risk Approach • Entry Conditions: • Require strong confirmation: a Daily close above ~6,000 (10 & 50-Day SMAs + Ichimoku Cloud) to ensure the short-term trend has flipped bullish. • Prefer RSI (Daily) back above 50 and MACD turning positive on the Daily timeframe. • Stop-Loss Placement: • Wider stop below the 200-Day SMA (~5,737) or below 5,830 pivot if you want a slightly tighter but still “safer” cushion. • Aims to weather typical intraday volatility. • Pros/Cons: • Pros: Much higher probability trade aligned with a proven trend resumption. • Cons: Enters at a higher price; your initial R:R might be smaller. 3.4 Bullish Targets & Management • Target 1 (T1): ~6,100 (major overhead supply, near the upper end of daily cloud/resistance). • Target 2 (T2): ~6,200–6,250 (next potential swing high if momentum truly shifts). • Partial Profit / Trailing: • Consider taking partial profits at T1 (~6,100) and trailing stop to break-even. • If price pushes above 6,100, let a portion ride toward 6,200+. • Invalidation: • A Daily close below ~5,830 (or a 4H close well beneath that pivot) undermines the bullish thesis. • Bearish signals on Daily MACD (staying negative) also reduce bullish odds. 4. Scenario 2: Bearish Reversal / Deeper Correction Narrative: Recent breaks below key Daily MAs and a confirmed 4H/2H downtrend indicate the market may extend its pullback. The bounce to ~5,950–6,000 could fail, triggering a new leg lower toward 5,830 or even the 200-Day SMA (~5,737). 4.1 Aggressive / High-Risk Approach • Entry Conditions: • Look to short on a minor retest/failure at intraday resistance (e.g., 2H pivot near 5,960–5,970). • Could also short an immediate break below 5,850 if that level cracks intraday. • Stop-Loss Placement: • Tight stop just above the local swing high (e.g., if shorting near 5,970, stop ~5,995–6,000). • This captures a potential quick continuation lower but risks getting stopped out on whipsaws. • Pros/Cons: • Pros: Larger reward if the market breaks down quickly from near-resistance. • Cons: Elevated risk of fake breakdown or sudden bullish intraday reversal. 4.2 Moderate Risk Approach • Entry Conditions: • Wait for a 4H candle close below ~5,850 (the short-term support / OB zone) or for RSI (4H) to slip back under 50 from its bounce. • Confirm negative MACD cross or downward slope on the 4H chart. • Stop-Loss Placement: • Place stops slightly above the retest zone (5,870–5,880) or the most recent swing high. • Allows for typical 4H volatility around S/R lines. 4.3 Conservative / Low-Risk Approach • Entry Conditions: • Require a Daily close below 5,830 (rising trendline break) and a retest that fails to reclaim that line. • Confirm daily MACD remains negative and RSI stays below 50. • Stop-Loss Placement: • Above the nearest significant daily pivot or 200-Day SMA if you’re aiming for a multi-day to multi-week short. • A wide stop to accommodate more volatile corrections. • Pros/Cons: • Pros: High probability of a sustained down-move once that daily trendline is lost. • Cons: The initial break might be fast; you could miss the “best” short entry. 4.4 Bearish Targets & Management • Target 1 (T1): ~5,737 (200-Day SMA) if the immediate support at 5,830 fails. • Target 2 (T2): ~5,600–5,400 (major weekly OB & 50-Week SMA ~5,634). • Partial Profit / Trailing: • Consider locking in partial gains near T1 (200-Day) and trailing stops to break-even. • If momentum accelerates, hold a runner down toward 5,600 or lower. • Invalidation: • 4H or Daily close back above ~6,000 would undercut the bearish premise, as it signals a reclaim of critical MAs and Ichimoku territory. • A bullish MACD crossover on Daily also weakens the short thesis. 5. Risk Management & Position Sizing 1. Volatility (ATR) Awareness: • Weekly ATR ~166; 4H ATR ~44. Elevated intraday volatility means you may need slightly wider stops or smaller position sizes. • For short-term trades (4H/2H), consider using a fraction of your usual size to account for bigger swings. 2. R:R Ratios: • Target at least 1:2 or better. • Scale your position so the max loss is within your tolerance (1–2% of your account per trade). 3. Timeframe Alignment: • Larger positions if Daily & Weekly confirm a direction. • If 4H/2H contradict the higher timeframes, trade smaller or wait for alignment. 4. Partial Profit Strategies: • At T1, take partial off (e.g., 50%) and move stop to entry. • Let the rest ride to T2 if momentum follows through. 6. Timing & Confirmation 1. Candle Close vs. Intraday: • For more reliable signals, wait for 4H or Daily closes at critical S/R (above 6,000 for bullish or below 5,830 for bearish). • Aggressive traders may jump in on intraday wicks or 2H signals but must accept higher whipsaw risk. 2. Market Sessions: • Key breakouts often occur during London or New York opens when liquidity spikes. • If trading overnight or in low-liquidity sessions, be mindful of sudden volatility pockets. 7. Extra Notes & Contradictions 1. Mixed Signals Across Timeframes: • Weekly bullish vs. 4H/2H bearish. This can cause choppy price action. Intraday shorts may still work in a higher timeframe uptrend as a temporary pullback trade. 2. Event & News Catalysts: • Unexpected fundamental events (economic data releases, central bank announcements) can override technical setups. 3. Ranging vs. Trending: • If price stalls between 5,850 and 5,950 for several sessions, we may be in a short-term range. Look to fade extremes until a breakout clarifies direction. 8. Final Summary • Top-Down Bias: • Weekly remains bullish overall but losing momentum. • Daily is short-term bearish, yet still above the 200-Day SMA. • 4H/2H are in a downtrend, but a bounce is in progress. • Key Levels & Confluences: • Support: 5,830–5,850; 5,737 (200-Day); deeper ~5,600–5,400. • Resistance: 5,970–6,000 (short-term), then 6,000–6,100 (major daily overhead). • Scenarios: • Bullish if price holds support (5,830–5,850) and reclaims ~6,000. • Aggressive: Buy near 5,840–5,860 on 2H signals. • Moderate: Wait for 4H close above ~5,950–5,970. • Conservative: Require Daily close above ~6,000 and a bullish MACD on Daily. • Bearish if price fails near 5,950–6,000 or breaks 5,830. • Aggressive: Short rejections around 5,960–5,970 or immediate break of 5,850. • Moderate: Wait for 4H close below 5,850. • Conservative: Require Daily close below 5,830 and retest fail. • Risk Management: • Use ATR to size positions, keep R:R ≥ 1:2, scale out at T1, etc. • Edge Cases / Fundamentals: • Stay alert for macro news or high-impact data that could abruptly change the technical landscape. Bottom Line: We have a long-term bullish market undergoing a short-term correction. A push above ~5,970–6,000 would reassert upside momentum; failure at this zone and a drop under 5,830 could extend the sell-off toward the 200-Day SMA or deeper weekly supports. Select the risk profile (Aggressive, Moderate, or Conservative) that best fits your trading style and capital preservation goals, and always align position sizing with your maximum risk tolerance.by EliteMarketAnalysis5
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. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider113
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.Longby JoeChampion5
SPX Distribution day? I made an analysis on the SPX chart, and will be cautious about the latest index movement. I’ve been studying the SPX chart since the bull run began in October 2023, and the recent daily candlestick action with rising volume is concerning. Over the last 1.5 years, I identified five major distribution days. In the previous four, we didn’t see a follow-up surge in volume despite the price dropping below the 50-day SMA, nor did we see divergences in S5FI (S&P 500 trading above their 50-day simple moving average) or S5TH (S&P 500 trading above their 200-day SMA). However, from late December until now, SPX hasn’t made a higher high and seems stuck in a range. Over the last four sessions, all red candles showed increasing volume, each surpassing the 50-day average volume. I also see a divergence in S5FI and S5TH since September, which could signal either a simple bull-run pullback or a larger correction. For now, I’m sitting on cash, monitoring potential catalysts, and ready to initiate a small short position if more bearish signals appear.Shortby Matthew8524
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 6045.5Longby Trade-Farmer222
Falling towards pullback support?S&P500 (US500) is falling towards the pivot and could bounce to the 1st resistance which is a pullback resistance. Pivot: 5,938.92 1st Support: 5,865.87 1st Resistance: 6,051.54 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Longby ICmarkets3
SP500 – Holding Above Key Pivot! Breakout or Rejection? SP500 – Key Pivot Zone Holding! What’s Next? 🚀 SP500 is currently stabilizing above the pivot zone (5,960), maintaining a bullish structure. 🔼 Bullish Scenario: As long as 5,960 holds, the market could push toward 5,995 and 6,010. A breakout above 6,010 could extend gains toward 6,031 and higher levels. 🔽 Bearish Scenario: A 4H close below 5,960 may indicate weakness, opening the door for a drop to 5,938 and 5,920. If selling pressure increases, the next major support is around 5,879. 📍 Key Levels to Watch: Pivot Line: 5,960 🔼 Resistance: 5,995 | 6,010 | 6,031 🔽 Support: 5,938 | 5,920 | 5,879 ⚡ Outlook & Trade Plan: The bullish bias remains valid while SP500 trades above 5,960. Watch for a 4H candle close to confirm the next breakout or rejection. A breakout above 6,010 could signal a strong continuation toward 6,031+. ⏳ Stay patient and wait for confirmation before entering trades!Longby SroshMayi4
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. Longby holeyprofit3
S&P 500 in Declining Impulse WaveThe S&P 500 (SPX) appears to be forming an Elliott Impulse wave down from the all-time high made on 02/19/25. A short-term bottom in the 5,570 to 5,960 area on 02/25/25. Watch 30-minute RSI for possible bullish divergence. by markrivest2
S&P Retest of IMPORTANT support, The week ahead 03rd March '25 The S&P 500 (US500) index maintains a bullish bias within the broader long-term uptrend. However, recent price action suggests a period of consolidation following the retest of the all-time high on February 19, 2025. The market is currently at a critical juncture, with the 5918 level acting as a key support zone. Bullish Scenario: The 5918 level serves as a newly established support, aligning with the consolidation range and prior resistance. A corrective pullback towards this level, followed by a bullish bounce, could confirm continued upside momentum. Upside targets include: 6000 (50-day moving average) 6055 (20-day moving average) 6100 over the longer term Bearish Scenario: A confirmed loss of 5918 support with a daily close below this level would invalidate the bullish outlook. This could trigger a deeper retracement, exposing the following downside levels: 5854 (next key support) 5800, with a potential extension to 5777 if selling pressure accelerates Market Outlook: The 5918 level remains pivotal—holding above this support sustains the bullish bias, while a decisive break below it signals potential downside continuation. Traders should closely monitor price action and volume around this key level to assess the market’s next move. 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. by TradeNation2