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S&P 500 Index Irregular Correction➖ The SPX produced a higher high yesterday compared to mid-July. This higher high is part of an irregular correction. ➖ This higher high is the B wave of a major ABC. The high bearish volume on the 20th of September, the highest since March 2023, indicates that the bears are very active on this index. ➖ Selling pressure has been going up while buying pressure has been going down. ➖ Subtle signals are pointing toward a new drop in the coming weeks. Namaste.
SP:SPXShort
by AlanSantana
8
Hellena | SPX500 (4H): Long to area 5791 (Wave 3).Dear colleagues, it seems that the price continues the upward movement in the wave “3” of the higher and lower order. This means that two scenarios are possible: 1) I expect a small correction to the area of 50% Fibonacci level 5550, then continuation of the upward movement. 2) Price will continue the upward movement in wave “1”, possibly immediately to the area of 5791. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:SPX500USDLong
by Hellena_Trade
7
S&P500 This rally isn't even halfway there!Last time we plotted the S&P500 index (SPX) against the Volatility Index (VIX) was almost a year ago (November 07 2023, see chart below) and that helped as catch a more than +20% rise: This time, the two assets who are on a negative correlation don't trade on exactly opposite patterns. The S&P500 has been trading within a Channel Up for almost 1 year (since the October 30 2023 Low), while VIX is on a (wide) range with a clear Support Zone and peaks within a 22.00 - 24.00 Resistance Zone, with the exception of the early August rise that spiked above it (recession fears). Naturally, VIX's spikes and rejections (red circles) are SPX's bottoms and reversals (green circles). The blue circles that are bottoms for VIX inside its Support Zone are mid rally consolidations on the S&P500. This indicates that even when the Volatility bottoms and starts rising, the market is still in euphoria and it takes another half rally before it realizes that an aggressive volatility spike is coming. This can be particularly helpful in determining how long we still have to keep buying. Based on VIX's current position (ellipse shape), we are on the consolidation phase before the Support Zone test. Which means that we aren't even halfway through SPX's Bullish Leg. We expect that to be around mid to end of October, just before the U.S. elections to come up as a needed correction. As a result, we are expecting an end-of-year price at around 6200. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPXLong
by TradingShot
2
Fed Kicks Off Rate-Cutting Cycle. Why the Muted Market Reaction?Central bank bros met traders’ loftiest expectations with a half-point cut to interest rates on Wednesday. But is that too good to be true and maybe even a signal of some problems with the US economy and looming fears over at the Fed? Trading today isn’t the same as trading yesterday. Even though prices don’t really confirm it — there wasn’t a super-duper rally in stocks. Maybe gold XAU/USD flickered a bit, but it was mostly froth . And here we are — the first day of trading in an environment with lower interest rates. Jay Powell, head of the Federal Reserve, announced on Wednesday the first trim to borrowing costs in four years. The move ushers in a new normal where US interest rates USINTR are projected to continue moving lower from their 23-year high of 5.5%. The easing cycle kicked off with a jumbo-sized 50 bps (basis points) slash. Surprisingly, the Fed went for the juicier, bolder and more aggressive option, leapfrogging the less interesting and exciting cut of 25 bps. First reactions across the board showed investors were hyped to get what they wanted — the broad-based S&P 500 hit an intraday record . Shortly after, however, stocks across the board pulled back and markets became anxious over the outlook as the realization kicked in. If the economy is doing fine, why go big on cuts from the get-go? What’s more, central bankers are keen to ax interest rates by another half point in 2024, ultimately wrapping up the year with the benchmark rate sitting at 4.25% to 4.5%. Christmas may come early — the Fed meets twice more this year, on November 7 and December 18. Better Safe Than Sorry? A super-sized half-point cut could actually be a pre-emptive measure to alleviate a strained economy. But if inflation is now largely in the rearview mirror , what could the problem be? The other mandate. The Fed has a dual mandate of keeping prices in check (inflation) and upholding a stable labor market (jobs). “We will do everything we can to support a strong labor market as we make further progress towards price stability,” Jay Powell said at the annual Jackson Hole gathering last month. And indeed, America’s jobs have seen a pronounced slowdown over the past few months. In July, markets added just 89,000 jobs (revised from an initial estimation of 114,000 ). In August, hiring had picked up modestly to 142,000 , but below expectations for 164,000. Pros and Cons of Bumper Cut Essentially, this big-boy cut of 50 bps is a double-edged sword. It cuts into borrowing costs, making money more affordable, potentially stimulating businesses to add more jobs and grow their gig. And it also prompts consumers to take on debt and get that house. But on the flip side, a cut of that magnitude risks stirring up price pressures again. To get to full employment, the Fed faces the challenge of knocked inflation waking up from its slumber. The size of the cut at this particular time doesn’t mean anything without the markets’ reaction to it. Apparently, investors were unimpressed and shrugged it off as no big deal. Looking ahead, however, the stakes are high because stocks are at all-time highs. The S&P 500 touched a record, Big Tech is leading the charge into artificial intelligence and investors can’t own enough of the highflyers Nvidia NVDA , Meta META , Apple AAPL , etc. The actual picture will become clear once markets figure out what the Fed’s rate-cutting cycle means and what to do about it.
Editors' picks
SP:SPX
by TradingView
25
SPX500 H4 | Bullish uptrend to extend?SPX500 is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 5,709.32 which is a pullback support. Stop loss is at 5,670.00 which is a level that lies underneath the 23.6% Fibonacci retracement level. Take profit is at 5,825.45 which is a level that aligns with the 161.8% Fibonacci extension level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:SPX500Long
by FXCM
1
SPX Pending Short: An expanding ending diagonalBased on my Elliot Wave analysis, I believe that S&P500 is right now in an expanding ending diagonal that still has one more 3-wave to go and we should see the peak reached on 1st Oct 2024, at the opening of Tuesday session. A couple of questions that is on my mind: 1. Will we see a throwover or a truncation? 2. Is the wave count correct? What if it has already ended? Self-doubt is a good thing for it pushes us to look deeper and try to find the answer, or we find a workaround. For me, my solution to "What if I'm wrong?" will be the red trendline. If SPX breaks this trendline, I will go short even if I don't see another 3-wave. Good luck!
SP:SPXShort
by yuchaosng
1
$SPX Analysis, Key Levels & Targets for Day Traders Sept 25 Ok, so I can’t make a video tonight :( My Wifi is down in my neighborhood because they are putting new lines in, and to make matters worse there’s a hurricane coming this way so it won’t likely be fixed until it passes so I can only do as much work as my hotspot will allow Easy Trading Range here today, much easier than QQQ, lol, that one is a mess… but here we have an easy one… the implied move for tomorrow is between 568 to 574 and the only two levels in tomorrow’s implied move are ATH’s at 572.88 and the 35EMA, which is a clear support since after FOMC… Personally looking at 5765/5775 bear call spreads OR 5700/5690 bull put spreads depending on how we move tomorrow GL, y’all… I’ll keep you up to date on the wifi situation
SP:SPX
by SPYder_QQQueen_Trading
1
Watch your longsSignificant bearish divergence on the Weekly RSI. Probably time to start taking some profits on those longs if you've not already done so. Recession rant: Are we due for a recession? OF COURSE WE ARE. Why? It's simple... nobody wants to work. Powell can cut rates all he wants and unemployment will keep rising not because there aren't enough jobs to go around, it's because ppl don't want to work. I live in a condo/hotel that's busy around the clock. Yet downstairs there's a cafe that's part of the hotel that's been shuttered since COVID. I asked management why they've never reopened and they say it's due to staffing issues. Major red flag to me... that a high-end hotel that can afford to pay its staff premium wages can't find enough workers despite overwhelming demand for services. Around me are 2 highrises leased by Google. They've remained vacant since the pandemic. Nobody wants to return to the office because they would then have to actually work... boohoo. The impression that our workforce has cast unto themselves that they are "just as productive at home" is complete delusion. If you haven't experienced a palpable drop in quality in almost EVERYTHING from groceries to web apps, then I dunno what to tell you. Productivity and expectation of is at an all time low... despite the market being at an all time high. The zeitgeist of the public isn't going to change overnight, it's gonna take some lean times to make people readjust what they're willing to accommodate. All I know is that the combination of AI eliminating jobs, rising unemployment, and the general lethargy from the workforce feel like ingredients to a cocktail in the form of a prolonged and painful economic recession.
OANDA:SPX500USDShort
by chinawildman
SPX: positive but mixedThe market was highly anticipating the Fed's rate cut during their September FOMC meeting, but the 50 bps cut came as a sort of surprise. This is why the US equity markets were traded generally positive for the week, however, in a slightly mixed manner, like without a final conclusion whether the 50 bps was a good or bad move from the Fed. The S&P 500 started the week around the level of 5.610, and reached 5.727 at Thursday trading session, however, ending the week at the level of 5.702. The index posted a weekly gain of 1,36%. The high rate cut was perceived positively by investors. They perceive that a lower interest rate environment will be supportive for businesses. Tech companies were the ones to gain, but also other industries. Analysts are now adjusting forecasts in terms of expectations that the S&P 500 companies will expand their earnings by 4,6% in the Q3.
SP:SPX
by XBTFX
S&P 500 Consolidates as Investors Await Key Inflation ReportU.S. stock index futures slipped on Friday as investors remained cautious ahead of a crucial inflation report, which could influence expectations regarding the size of upcoming Federal Reserve interest rate cuts. The S&P 500 has reversed from its all-time high (ATH) and reached the support level of 5,732. The price is expected to consolidate between 5,784 and 5,732 until a breakout occurs. A bullish trend would resume with a break above 5,784, targeting a new ATH at 5,890. Conversely, a break below 5,732 would confirm a bearish trend towards 5,675. Key Levels: Pivot Point: 5732 Resistance Levels: 5784, 5805, 5890 Support Levels: 5675, 5643, 5585 Trend Outlook: - Bearish: Below 5732 - Bullish: Above 5784
OANDA:SPX500USDShort
by SroshMayi
S&P 500, More Gains Coming... S&P 500 Closes at Record Highs The S&P 500 index closed at all-time highs on Monday as markets assessed comments from three Federal Reserve officials regarding the central bank's recent monetary policy decisions. Technically: The S&P 500 has reached the bullish target we previously identified, Now The bullish trend will continue towards another ATH, provided the price remains above 5731 and 5708. However, a bearish trend will be confirmed if the price breaks below 5675. Key Levels: Pivot Line: 5730 - 5708 Resistance Levels: 5784, 5805, 5890 Support Levels: 5675, 5643, 5621 Trend Outlook: Bullish Trend: Above 5730 and 5708 previous idea:
OANDA:SPX500USDLong
by SroshMayi
S&P 500 INDEX / Another ATH, WITH CORRECTIONS&P 500 Closes at Record Highs The S&P 500 closed at all-time highs, as we mentioned previously, Technically: The price will be consolidating between 5784 and 5732 till breaking, The bullish trend will continue towards another ATH at 5890 by breaking of 5784, However, a bearish trend will be confirmed if the price breaks below 5732 to get 5675. Key Levels: Pivot Line: 5784 Resistance Levels: 5805, 5890 Support Levels: 5732, 5675, 5643 Trend Outlook: Bearish Correction till 5732 Bullish above 5784 previous idea:
OANDA:SPX500USDLong
by SroshMayi