S&P500 Potential UpsidesHey Traders, in today's trading session we are monitoring US500 for a buying opportunity around 5790 zone, US500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5790 support and resistance area. Trade safe, Joe.Longby JoeChampionPublished 5
S&P 500 tests THIS resistance after NFP bounceFollowing the weaker US NFP data and thanks to strong performance from Amazon, the S&P 500 rallied. But this comes hot on the heels of a big drop the day before, which means the recovery could fade if Thursday marked a reversal day in the markets. At the time of writing, the SPX 500 was testing resistance right around the 5770-5775 area. Previously this was a key short-term support zone until Thursday's breakdown. Now below this area, the 200-period MA and the bullish trend line, could we see this zone now turn into resistance? If the selling resumes here then the next big area of support below Thursday's low is at around 5670, marking the high made back in July. By Fawad Razaqzada, market analyst with FOREX.comShortby FOREXcomPublished 4
SPX: Presidential elections and FOMCThe US stocks had a relatively mixed week. The S&P 500 started the week with the negative sentiment, around the level of 5.840, and moved in Thursday trading session to the lowest weekly level at 5.705. Still, during Friday the index managed to gain some 0,4%, ending the week at the level of 5.728. The Non-farm payrolls were the major surprise for the markets during the previous week. The US economy added only 12.000 new jobs in October, which was the lowest level since the pandemic. Analysts are noting that such a weak performance is a result of hurricanes and labor strikes, and that the labor market in the US stands on solid grounds. Amazon was one of the companies which was in the spotlight of investors, with a weekly gain of 6,2%, as the company continues to strengthen its cloud and advertising business above market current expectations. Intel was another company which strongly outperformed market forecasts, gaining 7,8% for the week. Regardless of a bumpy start of November, this might continue for the week ahead. Namely, two quite important events for the US are scheduled for the week ahead - on November 5th the US Presidential elections and FOMC rate decision on November 7th. These two events are implying that higher volatility and market nervousness might continue for another week. by XBTFXPublished 4
SPX500USD Will Go Down! Sell! Please, check our technical outlook for SPX500USD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 5,736.0. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 5,643.6 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. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderPublished 115
S&P 500 Daily Chart Analysis For Week of Nov 1, 2024Technical Analysis and Outlook: During the current trading session, the S&P 500 index exhibited considerable weakness by completing the Inner Index Dip at 5733, in conjunction with the Mean Support level of 5798, while leaving the gap by not reaching the secondary Mean Support level of 5700. This development of fulfilling the gap will likely stimulate a significant rebound toward the Mean Resistance level of 5775, with the possibility of further extension. The 5700 support level is critical for facilitating a primary recovery and advancing into the subsequent phase of the bullish trend. However, it is imperative to acknowledge that achieving and penetrating the 5700 level could instigate a downward spiral in price action to Mean Sup 5620. by TradeSelecterPublished 6
S&P500: Next bullish wave is underway.S&P500 just turned bullish on its 1D technical outlook (RSI = 57.557, MACD = 35.840, ADX = 41.016) as the price made a rebound last Wednesday on the 4H MA100, right at the bottom of 6 week Channel Up. The 4H MA100 is the level where the last HL was also priced (October 2nd). Morever the 4H RSI hit and rebounded on the S1 Zone. Regarding the bullish waves, both previous ones have recorded at least a +3.50% rise. This is our expectation once more and we are aiming for slightly under it (TP = 5,950). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Longby InvestingScopePublished 9
SPX Is Forming a Wedge?I'm not Bearish on SPX but I just saw this wedge forming. by Amir_adibPublished 5
11/04 Weekly SPX Market Analysis with seamless GEX levelsThe U.S. presidential election is on November 5, and this week we can expect increased volatility due to the uncertainty. For options traders, one thing is certain: volatility will likely rise leading up to the election, peak around the results, and then gradually subside as the “fireworks” end. It’s essential to consider this in every trading decision. While the current Implied Volatility (IVx) isn’t extremely high, the IV Rank (IVR) is quite strong at 41, and this is likely to remain due to the increasing uncertainty. Based on the blue OTM (Out of The Money) delta curves, the market is currently pricing in a strong downward movement for the week, aligning with the negative gamma zone and negative gamma profile. For a bullish shift, we would need a strong push above 5845 to enter positive gamma territory (HVL level is the battleneck). ⏩ The 5700 level is a key PUT support across multiple timeframes. If this level breaks, turbulence is expected, with increased downward movement likely to follow, first to 5650 and potentially down to 5600, where larger PUT gamma walls are located. ⏩ According to the 16-delta OTM curve, a close above the previous all-time high is less likely. If there’s a strong breakout to the upside, the positive gamma threshold stands at 5850, and above this, buyer pressure could extend up to 5925. ⏩ I consider the 5700-5845 range as a “chop zone,” where high volatility is expected this week. In this zone, bears and bulls will be in constant battle, and I do not expect a clear trend. I focused on Friday’s expiration in this analysis, as market outlooks remain highly uncertain ahead of the election. The strong PUT pricing skew is a natural phenomenon and is expected to increase, especially since we are in a negative gamma zone. For December expirations, PUT options cost nearly twice as much as CALL options, as shown by our oscillator for 12/20 expiry. There’s already ~6% IV backwardation between the 11/08 and 11/11 expirations, making this ideal for time spreads. However, caution is warranted—front-month PUT calendar and diagonal spreads can easily turn negative if front IV rises more than back IV. Remember! It’s not mandatory to trade during highly uncertain periods! Staying out of the market is also a position, and sitting in cash is actually the safest choice, especially in a volatile week like this. ⏩ You can check my previous week's analysis, every one was accurate, I hope this one will useful too. 10/28 SPX 10/21 SPX 10/14 SPX 10/28 QQQ 10/14 QQQ by TanukiTradePublished 4
SPX500 Potential Short!SPX500 made a strong Move upwards and the indice Will soon retest a horizontal Resistance of 5859.42 from Where we will be expecting A local bearish pullback And a move down !by kacim_elloittUpdated 5
Final waveThe price has hit the bottom of two ascending channels yesterday. Perhaps the last wave has just begun. I'm not stating that it will reach 6000, but If the price stays inside the blue channel, it can potentially reach 6000 by November 20. If the price drops out of any of the channels, it will be a strong bearish reversal signal.ULongby SupergalacticUpdated 3
Election Volatility Shakes Up US MarketsS&P 500 ● The index retreated from its all-time high of 5,880, initiating a downward trend. ● A breakdown below the Rising Wedge pattern has been confirmed. ● Key support levels to watch: ➖ Immediate support: 5,670 ➖ Strong support: 5,400 Nasdaq Composite ● The index has hit an all-time high near the 18,750 level before beginning to retreat. ● After breaking through the trendline support, the index is currently hovering slightly above the next immediate support level. ● If it dips below this support, we could see a significant drop, potentially driving the index down to the 16,670 level. **This market volatility is consistent with historical trends during US presidential election years. The 2024 election is particularly unpredictable due to conflicting economic indicators and potential delays in results.Shortby NaranjCapitalPublished 2
SPX500 Will Fall!FOREXCOM:SPX500 is trading in a Downtrend and the indice Is making a pullback From the horizontal resistance Of 5771.33 from where We will be expecting a Further move down !Shortby kacim_elloittPublished 3
U.S. Index Futures Eye Key Pivot Ahead of ElectionU.S. Index Futures Eye Key Pivot Ahead of Election U.S. stock index futures surged on Monday, poised to recoup some losses from a turbulent trading week as investors prepared for key corporate earnings and the final phase before the Nov. 5 presidential election. Technical Analysis: After pulling back from the Support zone around 5803, the price will touch the 5863 and then will drop again by stability under it. If the price holds below the Resistance line, it could drop to 5803. Breaks the liquidity Zone which is between 5863 and 5891 it could push up toward 5939 Watch for confirmation at the liquidity zone for a bullish breakout or breakdown from the support line for further downside movement. Key Levels: Pivot Point: 5863 Resistance Levels: 5891, 5939 Support Levels: 5825, 5803, 5781 Trend Outlook: Bearish below 5863 Bullish above 5863 Shortby SroshMayiUpdated 8
GAME OVER!!!...ASCENDING WEDGE BROKEN DOWN!!...TIME TO GO!!!The pattern is similar for QQQ and SOX. Market is very vulnerable now. Optimism professional and retail is at all time high now. We may not even need a catalyst. ITS OVER!!! Very soon we may be at the neckline. Major indexes may be forming a giant Head and Shoulders reversal pattern (it is clearer on QQQ and SOX, or MSFT because they are weaker). We may now have just started the right shoulder. Disclaimer: Don't trade based on this message. I may be completely wrong. Shortby I_AM_FROM_THE_FUTUREPublished 2
Stock Market CrashGann 144 Bars from 2019 low to 2020 top before crash. Gann 576 Bars from 2020 low to 2024 top before crash.Shortby silversputnikPublished 2
SPX targeting 5990 before correctionIn my view SPX is now forming the head of an inverse head and shoulder pattern targeting 5990 in mid novemberby mpdPublished 2
SPX in monthly (log)Hello community, A quick review of the month on the SPX index. A red candle for this month of October. I have indicated in orange the simple 12-period average (monthly) The price is in the upper part of the channel, I don't see anything alarming on the chart. The trend is still bullish, I prefer to invest my money in the American market, than on the old continent which is very sick! Whether it is Harris against Trump, the new president will have a country in working order to face the future. I have confidence in the USA. Make your opinion, before placing an order. ► Thank you for boosting, commenting, subscribing!Longby DL_INVESTPublished 1
SPXPair : SPX500 ( S & P 500 Index ) Description : Symmetrical Triangle as an Corrective Pattern in Short Time Frame RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves Rising Wedge as an Corrective Pattern in Long Time Frameby ForexDetectivePublished 3
SP500: Markets watch for JOLTs and corporate resultsThis Tuesday, October 29, 2024, marks the start of a pivotal week for the markets, with several key reports that will define the trend of the coming days. In addition to corporate results and the JOLTs survey, multiple relevant economic indicators will be released throughout the day. Here are the five key highlights for today: 1. U.S. JOLTs survey. Today at 15:00 (Spanish time), the JOLTs survey will be released, revealing the number of job openings in the United States. This report will be crucial to understand the state of the labor market before the expected employment report this Friday. 8.04 million offers are expected, a slight increase from the previous 7.99 million, while job quits are estimated at 3.08 million. These data are crucial ahead of the employment report to be released on Friday. 2. Corporate results Some of the major companies reporting their results today include Banco Santander, Alphabet, Pfizer and AMD. These reports will have a strong impact and these results are expected to set the pace for the market, particularly in key sectors such as technology, pharmaceuticals and banking. Additional note: Who are the “Magnificent 7” backing? In addition, the tech giants, known as the “Magnificent 7” (Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta and Tesla), have been in the spotlight for their financial support of the U.S. presidential campaign. Kamala Harris has received majority support from these companies, with the notable exception of Tesla, given Elon Musk's open support for Trump, which stands out in the political donation charts. This endorsement reinforces the influence of techs not only in the markets, but also in the political arena. 3. Volatility in cryptocurrencies and commodities. Cryptocurrencies continue to show volatility, with Bitcoin trading around $71,000 and Ethereum at $2,600. In addition, gold futures are holding around $2,763, while U.S. coffee is trading at $252. 4. Asian movements Asian indices show mixed signs, with rises in the Nikkei and Hang Seng, while the Shanghai Composite slips 0.8%. In Japan, job-to-applicant ratio (1.23) and unemployment rate (2.5%) figures were released, both in line with expectations. 5. European Movements and Wall Street Today In Europe, highlights include the GfK consumer confidence index in Germany (-21) and Eurozone quarterly GDP (0.2%). In the United Kingdom, data such as mortgages and consumer credit will be released. On Wall Street, the previous day closed in positive territory, with the S&P 500 (+0.2%) and the Dow Jones (+0.6%) standing out. In addition, in the US, the Redbook index and the Conference Board's consumer confidence index will also be published. 6. Debt auctions and other financial indicators During the day, several countries will hold debt auctions, including Japan, New Zealand and the US, with a special focus on the US 7-year bond auction. In addition, reports related to inflation in the US will be released, as well as weekly API crude oil stocks. S&P 500 (AT Ticker: USA500) S&P500 has been moving in the 5,832 points area this week with a bearish presence. Although its long term channel continues to have bullish presence and is moving above the middle zone of its long term channel, it currently appears to be generating a sideways movement since October 14 indicating this indecision in the US market regarding the election. JOLT survey data could extend the value above the current high. The RSI is indicating 58.08% and has been below the 200-day RSI average of 61.40%, this may be indicating that the market is undecided on a possible Trump victory despite consistent support from the magnanimous 7 for a Democratic party that does not appear to be convincing the majority of voters. The strong trading area of the checkpoint (POC) is located in the area of 5,636 points, so a correction could be anticipated this month in the direction of 5,700 points if today's data does not accompany. The day is marked by a series of events that could generate movements in the markets, with the JOLTs survey and the results of important companies as key factors for investors. Ion Jauregui - ActivTrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk. ULongby ActivTradesPublished 2
SPX 500 I Two areas of potential long opportunity Welcome back! Let me know your thoughts in the comments! ** SPX500 Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!Long02:03by BKTradingAcademyPublished 2211
US500 (S&P): Trend in 4H time framePlease pay special attention to the very accurate trends, and colored levels. Its a very sensitive setup, please be careful. BEST, MTby MT_TUpdated 131320
CorrectionThe price has just broke out of the channel. If it's not a fake break out, I expect to see some correction this week. Perhaps it will be insignificant like the previous one at the beginning of the month.Shortby SupergalacticUpdated 224
Knifecatching for a small retrace?three white soldiers daily support level 4 hr order block support turned resistance not tested yet S2 lvl etc What do you think? Longby FableHartPublished 1