SPX500The third touch of the trendline seems close if You feel you wanna get it try using small lots first like me i will be entering with .04 lots first.
VHT YOUR MENTOR SIGNING OUT
SPXM trade ideas
SPX priced in GoldDo you think US stocks are in a August 1969 or April 1994 type of setup?
Right now, I'd say the probabilities are in favor of an eventual breakdown for SPX versus Gold.
Remember, this opens the floodgates for bull eras in gold, silver, oil, uranium, copper and friends!
US 500 Index: Potential Head and Shoulders Top?The US 500 Index has been under pressure at the start of 2025 after a series of strong US economic data readings see traders and investors dismiss any hopes of a Federal Reserve (Fed) rate cut in the first half of the year from their minds.
Not only that, uncertainty around Donald Trump’s actual plans for US tariffs on key trading partners has weighed on sentiment, given that we are less than a week away from him officially starting his second term as US President.
Before then tomorrow’s US CPI release at 1330 GMT needs to be negotiated. The path of US inflation is at the top of the Fed’s list of points to focus on and this means traders will be ultra-sensitive to any print that deviates from expectations.
Where Does the US 500 Index Stand Technically?
A positive trend within the US 500 index has dominated price activity for many months, where any weakness has been limited by buyers at higher levels each time.
This buying support has proved strong enough to hold declines, turn the index higher and breach the previous failure high, extending the positive uptrend pattern, ensuring a pattern of higher price highs and higher price lows.
Of course, these bullish patterns don’t remain in force for ever, and the natural ebb and flow of buyers against sellers shifts from one being dominant over the other, creating price strength or weakness.
However, since the 6101 December 6th all-time high, price sellers may be the ones that are gaining the upper hand, as a more extended phase of price weakness has been seen.
In the process, possible signals have emerged that may show reason to question the sustainability of further price strength.
A first possible sign of a trend change came on December 18th (the reaction to that days FOMC meeting) that saw closing breaks below support offered by the rising Daily Bollinger mid-average.
While this alone isn’t an outright negative signal, it is interesting that on both December 26th and January 6th, attempts at price strength were held and reversed by the then declining daily mid-average.
Has Activity Formed a Potential Bearish Head and Shoulders Pattern?
The close below the mid-average followed by the average turning down can be a sign of a downtrend in price, especially as it capped further attempts to move back to higher levels. However, this isn’t a guarantee of future price weakness and much still depends on future price trends.
That said, there is also possible further evidence of a sentiment shift in the shape of a technical pattern called the Head and Shoulders top. If this is the case, risks may turn towards a more extended retracement of latest strength.
What is a Head and Shoulders Top?
A Head and Shoulders pattern is a possible indication of directional change in price. It is formed by 3 peaks in price activity.
Left Shoulder:
This forms when price strength reaches a peak, where sellers are found to turn price lower.
If this is the type of pattern currently forming within the US 500 index, the Left Shoulder could be marked by the 6030 November 11th high.
Head:
After declining following the Left Shoulder, price then rallies to break above the previous peak, and post a new higher high, only to fail and see a setback towards the previous low.
Within the US 500 index chart above, this may be marked by 6101, the December 6th all-time high.
Right Hand Shoulder:
This is where price rises again, as buyers still view weakness as an opportunity to go long, as has proved correct on previous occasions. But this time, sellers develop at a lower level than the ‘head’ and subsequent price weakness sees a more extended phase of weakness.
On the chart above, the Right Shoulder could prove to be the 6040 December 26th high.
Neckline:
This is the support line drawn by connecting the lowest closing points of the 2 troughs between the Left Shoulder and the Head, and the Head and the Right Shoulder. This can be horizontal, or as is possibly the case within the US 500 index, slightly sloping.
It’s closing breaks of the Neckline that could suggest completion of the pattern, which may have developed at last Friday’s US 500 index close.
Because formation and confirmation of a Head and Shoulders Top in the past has seen price weakness doesn’t mean it will do so again. However, Friday’s close below Neckline line support may suggest a sentiment shift and lead to further price weakness and deeper retracement of the April 2024 to December 2024 strength.
That said, fresh price strength isn’t ruled out by the formation of this possible reversal. Although, it would seem as if breaks and closes back above the 5921 declining Bollinger mid-average are now required to ease the threat of a deeper price decline and prompt potential to resume the recent uptrend pattern.
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S&P Bullish expectationBased on EW count, support lines on the graph and on RSI the expectation is that the index will bottom out within the next weeks and move towards a new ATH this summer.
After that a decline of 20% is expected.
Recommendation is to scale into the index during the next weeks and exit this summer
Nasdaq and S&P is expected to follow so an option is to enter either TQQQ or SPXL/UPRO
Other counts are possible and we are at the end of the bull run, so take care.
Divergence on RSI has been seen for a while, indicating a correction on the way
$SPX 5DTE viewSP:SPX 5DTE view
Ok, so this is the 5DTE View, so for Friday’s contract. It looks like we will be under the 50DMA all week.
5710-5945 is this weeks trading range and the election gap is in focus.
The 1 week 35EMA is underneath our trading range and I will go over the in one of the videos this week as to why that is important.
We are also sitting right on top of the 4hr 200MA
Next week will be challenging for S&P 500 bullsNext week looks challenging for S&P 500 bulls. The price is stuck in a descending triangle pattern, and if it breaks below this week's low of 5,807, the market could trigger the pattern, suggesting a potential 3.8% drop to 5,596. However, staying above this week's low could allow for sideways movement or even a push higher. In the short term, the outlook remains bearish as long as the price stays below 5,933.
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Kickstart 2025: SPX GEX Outlook & Options InsightsNew Year, Renewed Energy — Critical Levels and Strategies for the Week
Critical Levels
Se detailed image below:
Above 5940 (HVL): Expect some “chop zone” between 5940 and 6000, but with a generally bullish bias based on our Auto-GEX Profiles until friday.
Above 6000: A gamma squeeze could ignite by Friday, pulling the index toward the next major resistance.
Below 5900: Significant bearish momentum may take hold, targeting around 5800 (PUT support), though this scenario seems less likely right now.
Gamma Conditions
Short DTE options (0–2 days) exhibit positive gamma, which tends to buoy prices and make steep sell-offs more difficult.
There’s notable IV skew in the very near-term expirations (01/08–01/09). Consider focusing on the Friday (01/10) and Monday (01/13) expirations for timespread strategies.
Summary
Upside: Holding above 5940 supports a move toward the 6000 target.
Above 6000: A gamma squeeze could propel the SPX higher.
Below 5900: Watch out for a stronger bearish move toward 5800.
IV and skew may be erratic this week, but the positive gamma backdrop favors upside momentum.
There are several announcements due this week. If price whipsaws around these times, remember it’s often directly tied to those scheduled news releases—try not to panic.
Wishing everyone a responsible and successful year of options trading in 2025!
S&P 500 Daily Chart Analysis For Week of Jan 10, 2025Technical Analysis and Outlook:
During the recent trading session, the S&P 500 demonstrated a robust rally, exceeding a notable support level at 5872. This upward movement, however, resulted in a significant decline of the index to a critical support level at 5870 and lower lows. The volatility associated with this upward trend has introduced instability by destabilizing the bullish trend by flagging a new downward target marked at Outer Index Dip 5645. However, it is crucial to acknowledge that encountering subsequent support levels of Mean Sup 5770 may trigger a substantial rally, potentially leading to the Mean Res at 5920, before plunging again to drop toward the targeted level of 5645.
Navigating US Exceptionalism, Valuations, & Volatility in 2025How often do US equities deliver 20%+ annual returns sequentially? The S&P 500 index representing a broad selection of US listed firms generated 24.2% in 2023 and 23.3% in 2024.
Source: Visual Capitalist
So, what is in store for 2025? Analyst consensus points to a 10% upside in 2025 given strong economic fundamentals, AI-led capex and productivity gains, and robust earnings.
YEAR AFTER ELECTION IS KNOWN TO BE BULLISH FOR US EQUITIES
Adding to that, historically, the S&P 500 has been bullish during the first year of new US Presidency in a four-year cycle.
Since the results of the US election on November 6 2024, more than USD 15 billion has flown into the US equities over the last two months. Historical trends in the S&P 500 from election day to year-end show a positive 4% median return.
The average return for Year 1 of the election cycle is 6.7%, which is higher than Year 2's 3.3% but lower than the third year at 13.5%.
Source: Plante Moran Wealth Management
These trends are in line with the assumption that newly elected Presidents attempt to keep up electoral promises and direct resources toward significant legislative efforts during their first two years in office, before shifting focus to more market-friendly policies in Year 3.
WILL AI SAVE THE DAY OR CRUSH IT?
AI’s anticipated transformative impact is the cornerstone of US equity resilience.
The Magnificent Seven have been at the forefront of this revolution, benefiting from outsized capex and advancements that aim to redefine productivity.
Corporate earnings are projected to grow annually by 7%–14% in 2025, adding further strength.
Structural shifts in capital allocation toward AI-driven industries are expected to sustain sectoral leadership, driving equity markets higher.
Economic fundamentals remain robust, with GDP growth expected at 2.3% (above the long-term average).
The S&P 500 P/E Ratio Forward Estimate is at 23.55x, down from 24.60x last quarter & 28.16x a year ago. While expectations have eased and are testing levels of Q2 2023, concerns are aplenty on existing valuations being priced to perfection.
Source: YCharts
Historically, elevated valuations have been accompanied by speculative mania, such as the dot-com bubble when tech stocks traded at multiples exceeding 100x earnings. By contrast, today’s forward P/E ratio of 23.5x is high relative to the post-war average of 16 but remains far below the extremes of past bubbles.
Take Nvidia for example. It trades at a forward multiple in the low 30s, but is also supported by its dominance in AI, projected double-digit earnings growth, and mind blowing RoE. For the quarter ending October 2024, NVIDIA’s return on equity was >116%. Viewed in this lens, the pricing contrasts sharply with the speculative fervour of the 1990s when companies with no profits were valued based on “eyeballs”.
Moreover, concentrated market leadership is not new but has become more pronounced. The market capitalisation of the seven largest components of the S&P 500 at about $17.8 trillion represents almost 35% of the index’s total capitalisation. This is double their share from five years ago and higher than the 22% seen during the bubble in 2000.
Today’s high valuations and concentrated dominance are backed by structural profitability and scale advantages, such as Meta's USD 44 billion in annual free cash flow in 2023 and Apple's nearly USD 400 billion in revenue in recent years.
TEMPER BULLISH SENTIMENTS WITH PRUDENCE
Bullishness aside, the S&P 500 is projected to deliver modest returns of approximately 3% per annum over the next ten years, as per Goldman Sachs . Morgan Stanley shares a similar sentiment for the long-term, but also states a 9% upside outlook for 2025.
Prudence remains paramount. Expected structural shifts in fiscal and monetary policies, elevated valuations, and geopolitical risks, all temper long-term return expectations while creating a precarious yet opportunity-packed macro backdrop.
Justifications for high valuations notwithstanding, concerns persist about the limited scope for significant market upsides, and the increased risk of corrections if earnings disappoint or macroeconomic conditions turn shaky.
Geopolitical tensions, including the US-China trade disputes among other regional conflicts, could spring major shocks as well. Nearly two-thirds of about 900 executives surveyed by McKinsey & Co. assess geopolitical instability as top risk to global growth.
In a nutshell, expect to navigate this year with a delicate balance between opportunities and underlying risks lurking in the dark.
VOLATILITY CONTINUES TO BE SANGUINE
Volatility for the S&P 500 remains sanguine. The current VIX at 16.77% indicates low volatility, despite potential headwinds. Is this the calm before the storm?
A subdued VIX might be under-pricing potential risks ahead. A volatile geopolitical landscape, thanks to a President-elect who is known to be “predictably unpredictable,” could lead to episodic volatility spikes.
HYPOTHETICAL TRADE SET-UP
Prudent portfolio manager can exploit low volatility by deploying tactical risk management strategies such as reverse iron butterflies.
CME Group offers options on Micro E-Mini S&P 500 Futures which enables granular and affordable portfolio hedging strategies. Using these feature-rich products, portfolio managers can construct prudent risk management positions to limit downside risk while also gaining from upside price moves.
A reverse iron butterfly consists of four legs. Two legs, representing a long call and a long put option at-the-money, combined with an out-of-the-money short call and an out-of-the-money short put. The premiums collected from the two short legs offset the premiums to be paid for the two long option positions.
Using CME QuikStrike , a portfolio manager can easily construct a reverse iron butterfly options spread expiring on 18th July 2025.
A net premium of 311.602 index points is required for the reverse iron butterfly spread. It comprises of (a) long 6050 call (255.533 debit), (b) long 6050 put (247.712 debit), (c) short 5600 put (130.478 credit), and (d) short 6500 call (61.165 credit) as of 9th Jan 2024.
Each index point represents USD 5 translating into the net premium of 311.602 index points into USD 1,558.01 in total cost per lot. The pay-off of this spread at expiry is illustrated in the table and the chart below.
The spread breaks-even when the underlying CME Micro S&P 500 Futures contract falls below 5738 points (5.2% fall) or rises above 6362 points (5.2% rise). The maximum upside of this trade at expiry is USD 691 if the futures contract settles (a) at or above 6550 or, (b) at or below 5550.
MARKET DATA
CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme.
DISCLAIMER
This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services.
Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.
US500 As Possible Bullish in Wave PatternUS500 in terms of an ABCDE wave pattern. Based on your analysis, the current strong support level is around 5,800, and you anticipate a potential upward movement from that level.
if the price does indeed find support at 5,800, the next move could be a bullish impulse through the mentioned resistance areas. The ABCDE wave pattern you mentioned could indicate a corrective move or an ongoing bullish trend. If the price breaks through the 5,900-6,035 zone, that would suggest a continuation of the bullish momentum.
Rate Share Your Idea What's Going on Thanks.
S&P 500Here is my review or analysis on S&P500 , I believe there's a pull back to happen during this year until around September. This may be compressive pullback as previously this chart has shown 5 wave pullbacks/retracements so this may allow some time but definitely looking to sell towards the 0.5 or 0.6 areas as marked o the chart with Fib Retracement tool.
S&P500 bottomed on its Falling Wedge. Strong short term upside. S&P500 / SPX is trading inside a Falling Wedge since the November 19th low and today hit the pattern's bottom.
This has coincided with the 4hour RSI hitting the 30.00 oversold limit.
Every time this has take place, the price rebounded to at least its 0.786 Fibonacci and the 4hour MA200.
This time the 0.786 Fib is very close to the top of the Falling Wedge but we can technically target the 4hour MA200 a little lower at 5950.
Follow us, like the idea and leave a comment below!!
US500/SPX500 "Standard & Poor" Indices Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the "US500 / SPX500" Indices market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉
Entry 📈 : You can enter a Bull trade after the breakout of MA level 5960 (OR) Entry in Pullback 5820
Stop Loss 🛑: Using the 2H period, the recent / nearest low or high level.
Goal 🎯: 6000.00 (or) escape Before the Target
Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Fundamental Outlook 📰🗞️
Expected Trend: The US500/S&P500 index is expected to move in a bullish trend.
Drivers of the Trend: The bullish trend is driven by:
Strong US economic growth
Low interest rates
A potential rebound in corporate earnings
Current Price: The current price of the S&P 500 is around 5802.
Client Sentiment: 51% of client accounts are holding long positions on this market.
Top Risers: Some of the top risers in the US500 index include stocks with percentage changes of:
27.55%
5.8%
32.96%
Top Fallers: Some of the top fallers in the US500 index include stocks with percentage changes of:
-26.21%
-17.09%
-49.06%
Dow Jones Index: The Dow Jones index has been holding support, despite rising yields putting pressure on global indices.
Earnings Growth: The S&P 500 is expected to report its strongest earnings growth since Q4 2021, with an 11.9% increase.
Market Sentiment:
Bullish Sentiment: 60% of traders and investors are bullish on the US500/S&P500, expecting the market to continue its upward trend.
Bearish Sentiment: 30% of traders and investors are bearish on the US500/S&P500, expecting the market to pull back or reverse its trend.
Neutral Sentiment: 10% of traders and investors are neutral on the US500/S&P500, waiting for more information or confirmation before making a trade.
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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SP500: Has it formed or is it close to forming a floor?The first thing we need to consider is, what has the market discounted? Or rather, what has led fund managers to sell shares of the SP500? From my point of view, what fund managers think is:
1) That the US economy is strong.
2) That the labor market is stabilized.
3) And that wage growth is in line with a CPI of 3%.
Therefore, they estimate that the Fed does not need to cut interest rates. BUT, we already knew this in November, and the SP500 continued to rise steadily.
--> WHAT IS NEW THAT HAS CAUSED THE SP500 TO FALL?
The strong APPRECIATION of the DOLLAR. This has put downward pressure on the stock markets. But what happens? The DOLLAR is reaching a ceiling area, and we could see it retreating somewhat or entering a sideways range in the coming weeks, favoring again the RISES OF THE STOCK MARKETS.
--> At what point is the SP500 technically?
The technical aspect of the SP500 is that it has a clear bullish trend in the medium to long term, but is currently in a correction phase. Today, on the H1 chart, we have seen the FIRST BULLISH WARNING (Bull), and therefore, we could see a bullish move at the end of today’s session and during tomorrow, which could extend if it surpasses the 5,844 area.
--------------------------------------------------------
Strategy to follow:
ENTRY: We will open 2 long positions if the H1 candle closes above 5,844.
POSITION 1 (TP1): We close the first position in the 5,980 area (+2.35%)
--> Stop Loss at 5,770 (-1.2%).
POSITION 2 (TP2): We open a Trailing Stop position.
--> Initial dynamic Stop Loss at (-1.2%) (coinciding with 5,770 of position 1).
--> We modify the dynamic Stop Loss to (-1%) when the price reaches TP1 (5,980).
SETUP CLARIFICATIONS
*** How to know which 2 long positions to open? Let’s take an example: If we want to invest 2,000 euros in the stock, we divide that amount by 2, and instead of opening 1 position of 2,000, we will open 2 positions of 1,000 each.
*** What is a Trailing Stop? A Trailing Stop allows a trade to continue gaining value when the market price moves in a favorable direction, but automatically closes the trade if the market price suddenly moves in an unfavorable direction by a predetermined distance. That predetermined distance is the dynamic Stop Loss.
--> Example: IF the dynamic Stop Loss is at -1%, it means that if the price drops by -1%, the position will close. If the price rises, the Stop Loss also rises to maintain that -1% on the increases, thus reducing the risk until the position enters profit. In this way, very solid and stable price trends can be exploited, maximizing profits.
Nightly $SPX / $SPY Predictions for 1.14.2024🔮
📅 Tue Jan 14
⏰ 8:30am
📊 Core PPI m/m: 0.2% (prev: 0.2%)
📊 PPI m/m: 0.4% (prev: 0.4%)
💡 Market Insights:
📈 GAP ABOVE HPZ:
On a gap up, we will hold and run higher. Weekly will pin it down.
📊 OPEN WITHIN EEZ:
Pullbacks here and there but will get bought up.
📉 GAP BELOW HCZ:
Everyone will eat up this drop; definitely look to position bullish here...again.
#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
SPX DrawdownS&P500 shows signs of fragility as equity breadth is not healthy and many hedge funds are starting to pile up shorts. Policy uncertainty ( Trump tariffs ) and unstable geopolitical developments will push stocks lower until the beginning of March. Although this will be a 15%-20% drawdown, I believe that the S&P500 will reach new highs in Q2, as the monetary policy will become more accommodative ( more rate cuts from the Fed priced in later this year), and more stocks from other sectors ex-tech will take the lead in a more reflationary, pro-growth macro environment.
SPX: Exploring Buying Opportunities Amidst Bearish Trends 🚀 SPX: Exploring Buying Opportunities Amidst Bearish Trends 🚀
📊 Recent Performance:
The S&P 500 began 2025 with a 0.71% drop last week. Strong economic data has shifted expectations for Federal Reserve rate cuts to July, creating cautious sentiment across the markets.
📈 Key Technical Levels to Watch:
Support: Immediate support sits around 5800, a critical psychological and technical level for potential accumulation.
Next Support: If tested, 5750 could present attractive buying opportunities for long-term investors.
Resistance: A daily close above 5900 would suggest renewed momentum for bulls.
🔍 Potential Entry Zones:
Dynamic Neutral Zones: These areas signal market equilibrium and provide an excellent guide for strategic entries.
Extreme Negative Zones: Watch for pullbacks into oversold regions, which often align with value-based accumulation opportunities.
🌱 Bullish Reversal Signals:
A breakout above 5866, accompanied by strong buying interest, could signal a return to upward momentum.
Positive catalysts, such as earnings surprises or favorable economic releases, may support a recovery.
🧭 Strategy for Investors:
Focus on pullbacks near well-defined support zones to position for long-term growth.
Use dynamic support levels to guide disciplined entry points and avoid chasing trends.
📢 What’s Your Take on SPX’s Path Ahead?
📈 Bullish
🔄 Neutral
💬 Share your favorite tickers in the comments! Let’s analyze them together and uncover the best buying opportunities.
Livermore's Lessons Patience, Psychological Discipline & Timing Livermore's Lessons: Patience, Psychological Discipline, and Market Timing 🕰️💡📈🎢
Introduction:
Explore the trading wisdom of Jesse Livermore from "Reminiscences of a Stock Operator," where we delve into lessons from pages 18-20, 56-57, and 122-125. See how these insights translate into modern trading with our innovative tool, DCA Alpha 1.0 🌟.
Lesson 1: Psychological Discipline (Pages 18-20)
Quote: "I called that jackass there -- he pointed to the guilty clerk -- and asked what you'd done; and when he told me I said to him: 'I don't like that guy's looks. He's a ringer!'"
Educational Insight:
Emotional Control: Livermore's story highlights why keeping a cool head (🧘♂️) is vital. Fear (😨) and greed (🤑) can lead to costly mistakes.
DCA Alpha 1.0 Application:
Discipline in DCA:
Buy dips with confidence (🛒📉), avoiding the panic that can come with market lows.
Avoid FOMO (🔺❌) as our tool provides signals to prevent chasing those overrated highs.
Lesson 2: Patience in Trading (Pages 56-57)
Quote: "I decided that I began too soon, but that I really couldn't help it. The market began to sell off. That was my opportunity."
Educational Insight:
Patience for Opportunities: Livermore learned that sometimes the best action is inaction (⏳), waiting for the market to come to you.
DCA Alpha 1.0 Application:
Mastering Timing:
Simplify support and resistance (⚖️✨) with easy-to-read visuals, teaching you when to wait (🚫).
Identify dip buying opportunities (🛒🔍) through our alerts, promoting calm and patience (🧘♀️) until the market turns.
Lesson 3: Market Timing and Trend Following (Pages 122-125)
Quote: "I was bearish because that was the way I sized up the situation, and I sold stocks short only after I turned bearish."
Educational Insight:
Following Trends, Not Fighting Them: Livermore's strategy was to ride the wave (🌊), not swim against it.
DCA Alpha 1.0 Application:
Trend Alignment:
Data-driven entries & exits (🚀📊) to ensure you're moving with the market tide, be it up (📈) or down (📉).
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Conclusion:
Livermore's teachings on patience, discipline, and following market trends are seamlessly integrated into DCA Alpha 1.0. This tool brings historical wisdom to your screen, enhancing your trading strategy in today's dynamic markets 🌍💹.
Share your stories of patience and discipline in trading within our community (🗣️💬).
Elliot Wave Analysis - S&P 500I have tried to do a wave analysis on S&P 500 and to me it looks like the Impulse wave is almost on the verge of completion.
On RSI there is a Bearish Divergence which might play soon.
SPX vs GoldKEEP AN EYE ON THIS CRITICAL MACRO CHART.
Still in play, US equities set up for a massive fall priced in gold.
Momentum is failing and now close to falling!
This is what we call the Capital Rotation Process.
S&P 500 Analysis: Key Levels and Impact of CPI Release, To down!
S&P 500 Analysis
The price has dropped, breaking the trend line and stabilizing below the support zone.
As long as the price remains below 5783 this week, it is expected to target 5734 and 5693. If a 4-hour candle closes below 5693, the price could continue to drop toward 5643.
On the other hand, a daily candle closing above 5805 would signal a bullish move toward 5863.
Note: This week, the CPI release is anticipated to have a significant impact on market movements.
Key Levels
Pivot Point: 5781
Resistance Levels: 5822, 5863, 5893
Support Levels: 5734, 5693, 5643
Trend Outlook
Bearish Trend: Below 5783
Bullish Trend: Above 5805 (daily close required)
More down for SPX500USDHi traders,
Last week SPX500USD did exactly what I've said in my outlook. After price came into the Daily BPR it rejected from there and made another drop. So did you took advantage of my knowledge? You could have made a lot of money.
Now it looks like the B-wave was a Triangle and price is now in the C-wave.
So if that's true, then next week we could see more downside for this pair.
Let's see what the market does and react.
Trade idea: Wait for a small correction up to finish and a change in orderflow to bearish, then you could trade shorts again.
If you want to see more from my analysis, please make sure to follow me, give a boost 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 trade signals.
Don't be emotional, just trade!
Eduwave
