SPX500 SELL NOW!!!!!!!!SPX been running over 70pips from my first entry analysis i got a perfect price rejections now on the fvg zone holding the price to see a new lows again am in on sell..... JOIN AND ENJOY TELL US YOUR VIEWS.........Shortby CAPTAINFX2Published 1
Hellena | SPX500 (4H): Long to resistance area 5684. Dear Colleagues, I believe that the price will still continue its upward movement. I believe that we are witnessing the development of a five-wave impulse and very soon the price will start moving in wave “5”. I expect that the price will either start its upward movement immediately or after a deeper correction to the area of 5477. After that I expect to reach the resistance area of 5684. Manage your capital correctly and competently! Only enter trades based on reliable patterns!Longby Hellena_TradeUpdated 4412
SPX: a rate cut in (not) expectedThe oversold sentiment was holding the stock market during the previous week, however, the soft PCE report on Friday, brought back some optimism. The investors continue to be focused on the economic cycle movement, where small-cap indices gained during the week, while tech heavy indices were on a losing track. In this sense, Russell 2000 gained 1.67% during the week. The S&P 500 started the week around the level of 5.566, however, the lowest weekly level reached was 5.400. The index is ending the week at the level of 5.459. The industrial and materials stocks are currently in focus of investors, in anticipation that the environment of decreased interest rates would help these businesses in the future period. The tech companies included in the S&P 500 gained around 1% during the week. The main macro driver of the stock market during the previous week was the PCE Index posted on Friday. The headline PCE was increased by 0.1% on a monthly basis and 2.5% y/y which was fully in line with the market estimates. The analysts are currently anticipating more rate cuts during this year, as inflation is evidently slowing down. The FOMC meeting is scheduled for the week ahead, where some further investors re-positioning might be expected, based on Fed`s rhetoric in an after-the-meeting conference. by XBTFXPublished 9
Bearish reversal of 61.8% Fibonacci resistance?S&P500 (US500) is rising towards the pivot which acts as an overlap resistance and could reverse to the 1st support which is a pullback support. Pivot: 5,505.37 1st Support: 5,410.33 1st Resistance: 5,576.08 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.UShortby ICmarketsPublished 12
Weekly Recap & Market Forecast $SPX (July 28th —>Aug 2nd)**DIYWallST Weekly Recap & Market Forecast** --- Hello Investors! 🌟 This week was marked by significant economic and political developments, driving volatility in global stock markets. Let’s dive into the key events that shaped the financial landscape. 📈 **Market Overview:** The week began with a surprise rate cut by China’s PBOC, but this was quickly overshadowed by President Biden’s announcement that he was dropping out of the race. The Democratic Party swiftly rallied around Kamala Harris, with endorsements pouring in from state governors and, ultimately, the Obamas. By the end of the week, Harris appeared to have secured the nomination. The political developments contributed to a 'Trump-trade' sentiment, with small-cap value stocks continuing to outperform mega-cap technology shares. The cool June CPI and subsequent soft data points have also fueled expectations of Fed rate cuts later this year, underpinning this market rotation. The US yield curve steepened notably, with the 2-10 year spread popping above -15 bps, while the VIX rose sharply through Thursday. A letter from former NY Fed President Dudley may have increased investors’ expectations for a Fed rate cut. The Bank of Canada cut rates for the second straight meeting, while global PMI readings indicated some softening, particularly outside the services sector. Pulte’s home orders fell short of analyst expectations, and June existing home sales missed targets despite rising supply levels. Richmond Fed data was weak, and several major industrial and chemical companies cut their outlooks. June PCE data indicated “further progress” for the Fed, echoing concerns about discretionary spending and a softening consumer pushing back against price hikes. **Stock Market Performance:** - 📉 S&P 500: Down by 0.8% - 📈 Dow Jones: Up by 0.8% - 📉 NASDAQ: Down by 2.1% - 📈 Russell 2000: Up by 3.3% **Economic Indicators:** - **US Yield Curve:** Steepened significantly with the 2-10 year spread popping above -15 bps. - **June Existing Home Sales:** Missed expectations despite rising supply levels. - **Richmond Fed Data:** Indicated economic weakness. - **June PCE Data:** Showed progress in cooling inflation. - **Bitcoin Prices:** Climbed ~5% ahead of Former President Trump’s appearance at a crypto conference. - **Dollar and Yen:** The dollar remained steady, while the Yen rose amid speculation of a potential BOJ rate hike. **Corporate News:** - **Google and Tesla:** Earnings reports did little to curtail volatility. Tesla missed estimates and Google’s YouTube ad revenues fell short, leading to a decline in AI enthusiasm as Google's AI monetization efforts didn't meet investor expectations. - **Ford Motor:** Shares tumbled after a significant earnings miss, with the company continuing to lose money on each EV it produces. - **3M:** Shares surged after posting a big earnings beat, despite noting softness in consumer discretionary demand and mixed industrial end markets. **Looking Ahead:** Next week will feature several key events: - **Fed Rate Decision** - **Powell Press Conference** - **U.S. Jobs Report** - **Earnings Reports:** Microsoft ( NASDAQ:MSFT ), Apple ( NASDAQ:AAPL ), Meta ( NASDAQ:META ), Amazon ( NASDAQ:AMZN ), Intel ( NASDAQ:INTC ), ExxonMobil ( NYSE:XOM ), Chevron ( NYSE:CVX ), Boeing ( NYSE:BA ), and McDonald's ( NYSE:MCD ). As we look forward, these developments will be crucial in shaping market sentiment and guiding investment decisions. If you have any questions or need further insights, feel free to reach out. Here’s to another week of informed investing and strategic decision-making! 🌟 ### **Market Forecast (Updated 07/28/2024)** **SPX** - TSLA reported poorly on their earnings + weak guidance from GOOGL drove the market down. Money continued to Rotate into Small Caps from tech sector last week. With FOMC this week, we could potentially see a bottom in the market by Friday as we are pretty oversold at this point. Next resistance $5505 and $5653 Next support $5423 and 5285 Weekly Sentiment = Oversold **Chart Analysis:** () **Dollar Index:** DXY-Currently, the market is looking at 2-3 rate cuts by the end of the year, But we should get a clear picture from FOMC chair this week on exactly what they are thinking. JPY is also starting to gain strength, Both of these things could weaken the DXY. Next resistance $104.78 Support $104 Sentiment = Crossover to downside **Put to call Ratio: 1.15—> 1.28 Next FOMC date: July 31, 2024** **Fear & Greed Index: 49—>45** ! (prod-files-secure.s3.us-west-2.amazonaws.com) **BTC:** Crypto market has been pretty strong and testing resistance, Trump spoke very highly of crypto as well but he also flip-flops a lot. The key thing to watch here is the Dollar index, if that continues to drop, we could see btc test new highs. However, we have a huge trendline at 68k and if we can break over it, it could start a bigger bull run as well. Google our "DIYWALLST 2024 Crypto Forecast" for our favorite alt coins.05:50by WallSt007Published 1
S&P 500 index ,,, support zone The chart is on the support zone, and it could be end of 2 weeks correction. The last two days the volume of the trades was significant as a sign of returning. Based on my strategy, a new trend will be started if only the level of 5500 will be broken by a good bullish candle, preferably without upper shadow. The negative point on this correction is the size of bearish candles. forming large bearish candles may cause more correction. I will get my decision about 30 min before the Bell. by pardisPublished 117
SPX | About to correct the market | My 2 cents Elliott WavesWe look closely on SPY. I think we need one more high then it would be it. Watch all tech stocks, Nvidia and Bitcoin. Just opinion. Don't hurt me. :D Shortby thienlovvPublished 1
Short trade Observed Price Action Sun 28th July 24 NY Session - 6:45 PM Sellside 1 min TF Entry Entry: 5466.6 Profit Level: 5429.4 (0.68%) Stop Level: 5471.9 (0.10%) RR: 7.02Shortby davidjulien369Updated 0
SP500, log scale, 1929-nowThis is a crash scenario, where we reached millenium wave 4, after 1929 millenium wave 2. SP:SPX Shortby alapigaborPublished 112
SP500, possible triangle correctionaprox. 2,5% fall after possible triangle correction SP:SPX Shortby alapigaborPublished 5
The Collective Case for the $6,000 Squeeze In this piece I am going to present the confluence of factors that come together to imply a topping pattern in the SPX here may be preceded by a squeeze to 6,000. Once Upon a Time Let's take a step back in time and look at how the top of the 1929 rally formed. We can organise the action into chunks. It all started with the 1910 - 1920 crashes. Around 50% easy and spaced around a decade apart. Although these happened a long time before the depression crash started, they were important foreboders to it. Because, if you draw an extension fib from the high to the low of the 1920 crash range, the 1929 top came just passed the 4.23 extension. In 2000 and 2008, the conditions of two 50% crashes spaced about 10 years apart repeated. In the following decade, the condition of a hyper strong and persistent rally repeated. In 2022, we filled the 4.23 of the 2008 crash - and this was the top (For a while). So just to make sure we all get what happened there - the most sustained bear move there's been in since 2008 happened exactly on the 4.23 extension of 2008. The DJI model would have us in the spiking out of the 4.23 and soon to enter into the reversal. DJI would spike out the 4.23 by about 30%. A similar move in SPX would imply around 6,000. The Major AB=CD Back at the market low of November 2022, we sent out analysis discussing the possibility of a major AB=CD topping pattern. The proposal here was all of 2021 had been legs A-B and after the correction was in we'd see a repeating of a move in the style of 2021 to complete the C-D legs. At the time I gave this projected level as around 5500 area. I actually knew it forecast a little higher but a person could catch quite a lot of flak for making bull forecasts in late 2022 and I decided it may be more palatable if I slightly understated the targets. All you have to do to project the AB=CD target is draw a trendline on the 2021 rally. Right click and duplicate and then drag that new trendline to the bottom of the 2022 move. When we do this, it gives us a target area around 6,000. The Deep Crab While we were low in 2023 I started to discuss the bat spike out pattern. We could technically still be in this pattern and a slight overshoot of it, but if you trade bat patterns a lot you know when they fail you have to be quick to pivot because they might make a deep crab pattern. Which means the 2.61 extension won't be the top, it'll be somewhere 3.20 - 4.23 fibs. The 4.23 fib is 6,000. The Bullish Butterfly In the OP for this post I've drawn in the bullish butterfly we have pending at the current price level. A butterfly is a corrective pattern. Comes in two legs. The second one is always a scary looking breakout. What we have to date perfectly suits the properties of the bullish butterfly - which is one the reasons now is the time to consider the long for the squeeze. A successful butterfly extends to the 2.20 fib of the full butterfly swings. This is norm for both bull and bear versions. This 2.20 extension from a low here would be (I'm sure you've guessed) - around 6,000. ==== The case for the 6,000 squeeze is excellent. From a purest TA perspective, everything looks perfect for a crash signal having started. As someone who's made a lot of money shorting highs, I can tell you it's best to worry about squeezes. Everything is textbook perfect, but life isn't often that easy. Squeeze thesis is heavily contingent upon a low being made above 5370. If that breaks, I see no reason to be looking for supports before 5100. Last week I did pick up various call debit spread options where I bought different deep OTM calls and short the 6000 area calls (Since this is where I'd want to bank profits anyway). If I am right, it should not be subtle. Bears should be baited (Which they have been) and then be busted. If it's not obvious, it's probably not happening. Stops under 5370. Longby holeyprofitPublished 1117
US500- waiting for reversal to enter short waiting for reversal to enter short after bear engulfing candle on 2W chartShortby turuburuPublished 1
S&P 500 for 5200So let's look at this index swing pattern for 2024. 1. Swing Low - Jan 5 at 4667. 2. Swing High - March 29 at 5284. Duration 30 bars and 84 days. 3. Swing Low - April 18 at 4903. Duration 7 bars and 20 days. Fibonacci 618 retracement. 4. Swing High - July 15 at 5674. Duration 31 bars and 88 days. Next Move 5. Projected Swing Low - If we apply an 8 bar (16 trading days) duration and Fibonacci 618 retracement, there is a suggestion of a. Price - 5200 b. Within 8 days of trading. From there, the Bull Market has its next impulse to 6000. UShortby UmlingoPublished 1
spx 15 min RBR15 min demand on SPX removed opposing zone. good location poor structure. price as fail to test tzone so that suggests strength. lets see how this plays out Longby kellygndUpdated 0
SPX | The Sleeping PilotTraders have made the ultimate mistake, they were caught sleeping on the steering wheel. And after missing the trend, they attempt to enter it again, only to realize that they have trapped themselves. A question arises: Were they sleeping or are they performing a suicide attack? SPX is like a sharp kamikaze plane. Perhaps of Japanese origin, closing in to Perl Harbor. A wise one should never cut towards them. A knife pointing upwards can only kill bulls. If they wish prices to go up, they must turn the knife down, to kill any bears that step in their way. But it seems though the markets are not wise right now. A successful kamikaze is a fearless kamikaze. All was well when the soldier was certain of their attack. SPX has been moving in perfect correlation with fearless index, aka VVIX / VIX ratio (orange line). But now they have second thoughts. And that is their weakness. SPX is heading upwards with growing fear right now. VVIX/VIX is the thought, SPX is the action. We are in a jet lag, in no mans land. The seconds before the pilot moves the joystick back instead of forward. This is not the first time we are dealing with a soldier who is having second thoughts. Once in 2018... ...another one in 2020... ...and finally in 2021. This fight is almost over for the bulls. Question is: Who will win the war? Tread lightly, for this is hallowed ground. -Father Grigori P.S. Many have made jokes about the POTUS as being sleepy. Never call someone something you don't want to be called yourself.by akikostasUpdated 9915
SPX | Negative CurvatureSPX has been breaking new records the past few months. But with inflation also breaking new records, it is not the time to relief. As you will soon realize, SPX is not out of the storm for now. Inflationary pressures have caused a caving in profits. After inflation has (temporarily?) calmed, the broad market has recovered significantly. Gold, Equities and Crypto have soared making record highs almost simultaneously. The way these markets are growing however is highly unstable. Curvature is one simple, straightforward way to visualize and analyze a trend. For decades SPX has made progress by making "positive curves" that have the shape of a bear. Now, something has changed. A massive cup is taking shape. Such deep retracements are able to trap both bulls and bears. They leave nobody alive. The 2022-2023 recession was caused from extensive fear in the equity market from the inflation surge. Equities increased only after inflation showed signs of cooling. Bears got trapped in the bottom when fear maximized. Bulls get trapped now. A multi-month stagnation will be destructive to the performance of their recent investment. Those who feared inflation took the hardest beating. I hope Powell is not afraid of it. And I believe he is far from afraid of it. Zooming in one of these instances, in 1984 after Black Monday, a massive cup took shape. After price made a record high, it stagnated for years, making slow and unstable progress. While SPX is generally moving in steady, positive-curved trajectories, Bitcoin is the exact opposite. It suffers from unsolvable instability and deeply-negative arcs. Many charts point us to an inflationary future. Utility companies which sell energy, water have had a desperate decade. The Post-GFC (QE) world has been full of low interest rates and low inflation. The dream of any President and FED chairman. A bottoming in Utility coincides with what happened in 2000. Utilities confirm an incoming surge in inflationary pressure. Inflation is what everybody is fearful of. And the performance of energy is not helping. All of that reminds us of the '60s. SPX vs Inflation is approaching its peak. There is little wiggle room for real profits in the equity market. Especially for the big-tech part of equities. Big Tech (QQQ) vs SPX (IVV) has just made a quadruple top. The entire chart is drawn inside a triangle, which could very well bearishly break down. I have said that Powell may be not afraid of inflation. My belief is that since the US is now exporting energy, inflation is vital for its survival. As you can see, crude oil is breakout for importing countries. Inflation as a weapon of war. But remember. The enemy will always try to hit back. I watched Powell live in his testimony. For most questions he gave careful answers. For AI he showed sincere concern on its effects on the economy. AI could be used to affect investments, psychology and/or financial stability as an act of war. We now have AI Financial Presenters and AI trading bots for everyone. Let that sink in. Maybe it is a war of weapons all over again. Between those using weapons of instability like AI and negative-curved (unstable) growth. And those using weapons of stability like the broad economy and inflation. Comparing junk bonds to long-term ones, we reach at the following chart: Yield rates suggest that they have reached a peak. The decision may have been made. Low rates and high inflation. Maybe the time has come, when the traditionally calm force of the FED will strengthen. In an attempt to stabilize the US economy, they could attempt to destabilize all of its enemies. Exporting crude oil and inflation may be a matter of survival for the US. It could very well be the best, worst deal of the century. Beware! Don't fight the FED! Tread lightly, for this is highly unstable ground. Swoosh is a trademark of Nike Inc. Swoosh is also the sound a plane or rocket would make. P.S. With everything human-made turning into an artificial replacement, what source should you trust? For all we know, I cannot prove I am a human writing all of that.by akikostasUpdated 4419
SPX - Reminiscent of the 1970s?I overlaid the price action of the 1970's chart over today's. I've been following this for months, and the patterns are eerily similair. Could this be indicative of things to come?Shortby beastiezepPublished 1
More down for SPX500USDHi traders, Last week SPX500USD made a correction up into the 4H FVG and after that another drop just like I've said in my outlook. So next week we could see a bigger correction up and after that another drop. Trade idea: Wait for the correction up to finish. After a change in orderflow to bearish and a small correction up on a lower timeframe you could trade shorts. 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! EduwaveShortby EduwaveTradingUpdated 2
SPX500Hello guys what happening this is VHT your mentor and we are back again with another banger analysis on SPX500 as we can see this is a potential third touch of the trendline and we are expecting the market to do its thing by Monday I will be looking for buy positions making my third position on the SPX500. guys it's almost a year now since I've been holding my SPX500 tradeLongby Victor_Hunter_TurnerPublished 0
SPX500 Topping soon The SPX 500 is very close to the top and I think l at sometime we will retest 5000 to 4400 once the bearish divergence on the bigger timeframe plays out. Shortby WhaleKingpinUpdated 0
EF?I can only see the rise now as corrective, therefore the overall correction pattern is still in play and should unfold into an expanded flat, which third and last part may have already started, i.e., an impulse for wave C.by mikeoaksterPublished 1
SPX has ended a major impulsive move higherValidation: Wave ii is a running flat retracing 38% Wave iii reaches a max 1.38 extension A sharp wave iv correction at 62% Good ii/ iv variability in this count Wave i peak - wave iv low, avoid crossover (by less than 3 points) Wave v of 5 extends as required to the 2.62 extension A valid ending to a major move for SPX Shortby OneClap2019Published 0
SPX500 - At critical price range with third quarter earningsJuly quarter earning season will continue until mid Aug. SPX index now at a critical range, either retrace further or continue up right here along the uptrend. One could just follow the direction after a definitive candle outside of the range has been made. Good luck. by SwagTradingPublished 1