Will SPX break 6000 levels?Looks like SPX isn't gonna break 6000 levels. Plus NASDAQ should break 20000 levels so as to slow down the markets. With the global tension, lets see how everything turns outShortby GokulKannan86b0
S&P 500 Technical Analysis Ascending Triangle vs Rising Wedge I've identified two potential patterns on the S&P 500 SP:SPX chart: Ascending Triangle (blue trendlines): Higher lows and flat highs, with breakout potential above the flat top or a breakdown below the higher lows. Indicated by blue arrows. Rising Wedge Developing (red trend lines and arrows): Higher highs and higher lows, with a potential bearish breakout below the lower trend line or a less common bullish breakout above the upper trend line. Red arrows highlight the touch points on the rising wedge pattern. Pattern Rules: For a valid pattern, the following rules apply: Ascending Triangle: At least two higher lows Flat highs Decreasing volume Breakout above the flat top or breakdown below the higher lows Rising Wedge: At least three touch points on each trend line (I will use as few as 2) Higher highs and higher lows Decreasing volume Breakout below the lower trend line or above the upper trend line (less common) Quick Review for Beginners: New to chart patterns? Here's a quick rundown: Higher lows: A series of lows that are higher than the previous ones. Flat highs: A series of highs that are roughly the same level. Decreasing volume: The trading volume decreases as the pattern forms. Breakout: When the price moves above or below the pattern's boundary. Trend lines: Lines drawn to connect the highs or lows of a pattern. Keep in mind that chart patterns are not a guarantee of future price movements, but rather a tool to help identify potential trends and trading opportunities.Longby Paul_Hodls0
Sell opportunityTrade Signal: Trade Type: Short (Sell) Entry Point: Enter short around 5,972–5,975 to capitalize on the resistance zone. Take Profit (TP): TP1: 5,674.56 (initial support level). TP2: 5,567.46 (stronger support indicated by the volume profile). Stop Loss (SL): Place a stop-loss above the resistance at 6,016.60. Risk/Reward Ratio: With TP2, the trade offers a solid risk/reward ratio, given the expected downward move of ~6.75%. Analysis of the Chart: Price Level: The S&P 500 index is currently at 5,969.33, nearing resistance at around 5,972.90, with a projected downward move. Volume Profile: A significant distribution of volume in the orange zone below indicates strong support between 5,560 and 5,569. Momentum: The momentum histogram at the bottom is showing red bars, indicating a loss of bullish momentum and the potential onset of a bearish trend. Trendline: The upward trend has flattened, signaling a potential reversal.Shortby GODOCM4
S&P 500: Gains Driven by Data, Eyes on Key Events Next WeekS&P 500: Gains Driven by Data, Eyes on Key Events Next Week The S&P 500 ended the week on a positive note, buoyed by strong economic data, robust corporate earnings, and supportive seasonality. However, investors are shifting their focus to critical upcoming events: the FOMC meeting on Tuesday and the PCE inflation report on Wednesday. These events have the potential to set the tone for the markets for the remainder of the year. Mixed Economic Data The past week brought a blend of economic data, with some encouraging signals and a few disappointments: Initial Jobless Claims (Nov. 16): At 213K, the result came in better than the 220K consensus, underscoring the resilience of the labor market and reducing recession fears. Philadelphia Fed Manufacturing Index (Nov.): Disappointed at -5.5 against expectations of 8, reflecting continued weakness in the manufacturing sector. Michigan Consumer Sentiment Final (Nov.): Came in at 71.8, below the 73.7 forecast, indicating a slight dip in consumer confidence. S&P Global Services PMI Flash (Nov.): Surprised to the upside with a reading of 57.0, exceeding the expected 55.2, highlighting the strength of the services sector. Nvidia Shines Bright Corporate earnings added to the bullish sentiment, led by Nvidia's impressive Q3 results. The company reported revenue of 35.08 billion dollars, significantly above the consensus estimate of 33.17 billion dollars. As a leader in AI-related technology and semiconductors, Nvidia's results lifted the broader tech sector and contributed to the S&P 500’s gains. Market Sentiment and Seasonality The Fear & Greed Index currently stands at 61, in the "Greed" zone, indicating a risk-on environment as investors show confidence in equities. Seasonality also plays a crucial role. Historically, the S&P 500 benefits from end-of-year trends, especially in an election year, when policymakers often aim to maintain market stability. Challenges Ahead While the current momentum is positive, the market faces significant tests next week with two major events: FOMC Meeting (Tuesday): The Federal Reserve’s policy decisions and commentary will be in the spotlight. Investors will look for signals on whether the Fed plans to pause or keep the door open for further rate hikes in 2024. PCE Inflation Report (Wednesday): The core PCE inflation data, the Fed's preferred measure of price pressures, could shape expectations for monetary policy. A higher-than-expected reading might increase concerns about further tightening, while a lower figure would reinforce the soft landing narrative. Lingering Risks In addition to the upcoming macroeconomic events, investors remain wary of: Trade Policy: Former President Donald Trump’s proposed tariffs on imported goods could stoke inflation and weigh on economic growth. Geopolitics: The ongoing risk of escalation in the Ukraine conflict continues to loom over global markets. Soft Landing: The Baseline Scenario Looking at the current data, the S&P 500 appears to be on the path to a soft landing, supported by a strong labor market and robust technology sector performance. Favorable seasonality—both year-end trends and election-year dynamics—further bolsters the case for continued gains, which remains the baseline scenario for now. Conclusion The S&P 500 has shown strength, but next week’s FOMC meeting and PCE inflation report could reshape market dynamics. The key question is whether the data will support the soft landing narrative or signal a need for further monetary tightening. What are your thoughts on the S&P 500’s outlook given the upcoming Fed meeting and inflation data? Will the index sustain its rally, or are we in for increased volatility? Share your insights in the comments.Longby InvestMate113
SPX 25 Nov 2024 Bullish and Bearish ZonesBullish zone is above 5977 Bearish Zone is below 5961.5 Note: This is an opinion based on analysis, This is not a buy/sell call. Use stop loss.by W_0300_82082101
US500 Falling wedge ? !!!i'm not saying that i'm against indices but i'm not sure about the stability about this falling wedge in fact, if i see a decent sized pullback i would jump inShortby GlassICE0
SPX500 - Change of CharacterHello Traders ! On Friday 15 Nov, The SPX500 Index reacched the support level (5880.70 - 5846.60) The price broke the last lower high ! So, I expect a bullish move📈 _____________ TARGET: 5989.00🎯Longby Hsan_BenhmedUpdated 5527
Nightly $SPX / $SPY Predictions for 11.25.2024📅Tue Nov 26 10:00am CB Consumer Confidence 📅Wed Nov 27 8:30am Prelim GDP q/q Unemployment Claims 10:00am Core PCE Price Index m/m 2:00pm FOMC Meeting Minutes #trading #stock #stockmarket #today #100kBTC #charting #investingby PogChan0
Upside We Go!Just as I stated. More move to the upside. Opened up with Gap as well. Let’s look to the pull back to the previous daily/weekly low… if it holds, then we add to the position to the upside. If not, we close trade Happy Sunday. Wishing everyone blessed start of the week. Sundays is the best day to start preparing for the week ahead. Longby L-I-V-Trade0
Upside We Go!Just as I stated. More move to the upside. Opened up with Gap as well. Let’s look to the pull back to the previous daily/weekly low… if it holds, then we add to the position to the upside. If not, we close trade Happy Sunday. Wishing everyone blessed start of the week. Sundays is the best day to start preparing for the week ahead. Longby L-I-V-Trade0
SPX: back on a trackTwo weeks ago markets passed through sort of a short term stress, related mostly to new names in the US administration, but it did not take too much time until the initial fear passed away. Markets were back on a track during the previous week. The S&P 500 made a move from 5.865 up to 5.969, where the index is ending the week. Interestingly, tech companies were not the one to shine this week, however, the market switched attention toward the industrial and consumer sectors. In this sense, market favorite Nvidia lost 3,2%, while Alphabet dropped by 1,7%. Analysts are commenting that such a trend might continue till the year-end, as investors are turning their attention toward the more cyclical sectors. On the other hand, analysts from Swiss UBS bank commented that they continued to stay bullish on tech companies, especially those related to AI. Analysts specifically mentioned NVDA. Still, they are pointing toward the potential risk in the year 2025, which are related to “the product transition and tariff-related uncertainties”. by XBTFX8
SPX WEEK OF 11/18/24SPX WEEK OF 11/18/24 To maintain simplicity, once the price moves beyond the WHITE range, monitor for a potential retest of the breached level. Be prepared to initiate long or short positions targeting the YELLOW ranges.While prices may surpass the YELLOW range targets, these levels provide a robust framework for securing profits. 🎯🫡 *These levels are derived from comprehensive backtesting and research, demonstrating over 90% accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.* by J3Trad3sUpdated 1
SPX is history gonna repeat?Hello Birdies, Seems like we are in a repeating pattern and the worst part is the pattern is of 2007 crash. OMG, the tops and dates are so aligned it cant be a coincidence. We have a top in July Fed rates cuts in Sep Now if it tops in Oct We are doomed.by BlackBirdTradingUpdated 1
SPX - long weekly good. origin - higher volume last week than the week before. this is what I like to see, pullback candles having low volume followed by in trend candle on higher volume. confirms bias. will look for price to pull into VA and then continue up. Longby Osiris9922
S&P 500: Gains Driven by Data, Eyes on Key Events Next WeekS&P 500: Gains Driven by Data, Eyes on Key Events Next Week The S&P 500 ended the week on a positive note, buoyed by strong economic data, robust corporate earnings, and supportive seasonality. However, investors are shifting their focus to critical upcoming events: the FOMC meeting on Tuesday and the PCE inflation report on Wednesday. These events have the potential to set the tone for the markets for the remainder of the year. Mixed Economic Data The past week brought a blend of economic data, with some encouraging signals and a few disappointments: Initial Jobless Claims (Nov. 16): At 213K, the result came in better than the 220K consensus, underscoring the resilience of the labor market and reducing recession fears. Philadelphia Fed Manufacturing Index (Nov.): Disappointed at -5.5 against expectations of 8, reflecting continued weakness in the manufacturing sector. Michigan Consumer Sentiment Final (Nov.): Came in at 71.8, below the 73.7 forecast, indicating a slight dip in consumer confidence. S&P Global Services PMI Flash (Nov.): Surprised to the upside with a reading of 57.0, exceeding the expected 55.2, highlighting the strength of the services sector. Nvidia Shines Bright Corporate earnings added to the bullish sentiment, led by Nvidia's impressive Q3 results. The company reported revenue of 35.08 billion dollars, significantly above the consensus estimate of 33.17 billion dollars. As a leader in AI-related technology and semiconductors, Nvidia's results lifted the broader tech sector and contributed to the S&P 500’s gains. Market Sentiment and Seasonality The Fear & Greed Index currently stands at 61, in the "Greed" zone, indicating a risk-on environment as investors show confidence in equities. Seasonality also plays a crucial role. Historically, the S&P 500 benefits from end-of-year trends, especially in an election year, when policymakers often aim to maintain market stability. Challenges Ahead While the current momentum is positive, the market faces significant tests next week with two major events: FOMC Meeting (Tuesday): The Federal Reserve’s policy decisions and commentary will be in the spotlight. Investors will look for signals on whether the Fed plans to pause or keep the door open for further rate hikes in 2024. PCE Inflation Report (Wednesday): The core PCE inflation data, the Fed's preferred measure of price pressures, could shape expectations for monetary policy. A higher-than-expected reading might increase concerns about further tightening, while a lower figure would reinforce the soft landing narrative. Lingering Risks In addition to the upcoming macroeconomic events, investors remain wary of: Trade Policy: Former President Donald Trump’s proposed tariffs on imported goods could stoke inflation and weigh on economic growth. Geopolitics: The ongoing risk of escalation in the Ukraine conflict continues to loom over global markets. Soft Landing: The Baseline Scenario Looking at the current data, the S&P 500 appears to be on the path to a soft landing, supported by a strong labor market and robust technology sector performance. Favorable seasonality—both year-end trends and election-year dynamics—further bolsters the case for continued gains, which remains the baseline scenario for now. Conclusion The S&P 500 has shown strength, but next week’s FOMC meeting and PCE inflation report could reshape market dynamics. The key question is whether the data will support the soft landing narrative or signal a need for further monetary tightening. What are your thoughts on the S&P 500’s outlook given the upcoming Fed meeting and inflation data? Will the index sustain its rally, or are we in for increased volatility? Share your insights in the comments.Longby InvestMate2219
S&P 500 index short term outlookThe S&P 500 Index (SPX) is trading within an ascending channel on its daily chart, signaling a continuation of the bullish trend. This structure is defined by parallel rising trendlines connecting higher highs and higher lows, indicating strong buyer interest and sustained momentum. Recent price action shows a breakout above minor resistance near the 5,900 level, confirming bullish sentiment. The index is currently moving toward the midpoint of the channel, with potential to test the upper boundary near 6,100. The lower trendline offers solid support, maintaining the channel's integrity. Volume will be crucial in validating any further upward moves. Increased volume during an advance toward the upper boundary would strengthen the bullish case, while declining volume may indicate consolidation or a pause in the trend. For traders, entering a long position while the index remains in the channel could be a viable strategy. A breakout above the upper boundary could present additional upside potential, with profit targets based on the channel's height projected upward. Stop-loss orders can be placed below the lower trendline or the most recent swing low near the 5,800 level to manage risk. This setup suggests the SPX is poised for continued gains, provided the channel remains intact. However, a break below the lower trendline could signal a reversal, requiring caution and adjustment of trading strategies.by TraderhrTrading0
S&P index 1. Bearish Divergence has created in 4h time frame which shows trend is going to reverse. 2. Rising wedge pattern is form which is a reversal pattern which also shows trend is going to reverse. Shortby BilalHassanAlvi333
SPX500 at Key Resistance, Upside or Downside?Hello, VANTAGE:SP500 is approaching its previous high of 6034.06, with key resistance levels at 5977.6155 and 5994.981. If these levels can hold as support, we may see further upside potential. However, if they fail to act as support, a downside move is likely. Sellers are currently confident that the bears could take control soon, although this shift has not yet been confirmed. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344 by TradeWithTheTrend33441
SPX500 Monthly 50EMA Support Zone Possible support based on the 50EMA acting as demand line for the last 10 years Longby TradingMulaUpdated 115
The prospect of a recession and a catastrophic market collapseThe prospect of a recession and a catastrophic market collapse looms large. All who are alert to the state of the financial markets cannot fail to recognise that this is an inevitability, following the past few years of flagrant profligacy on the part of the Biden administration and the reckless policies of the Federal Reserve, whose incessant money printing has wrought havoc. The crash I anticipate will likely see a fall of fifty per cent in market values, though it may well prove to be far worse, perhaps as severe as seventy five per cent. It seems probable that this event will unfold at some point in 2025, possibly around September or October, and endure for a number of months. However, it could come much sooner. Inflation, far from abating, is once again on the rise, and we are now mired in stagflation. The outcome is all but certain: there is no remedy, no action the Federal Reserve may take, that will avert the consequences of this disastrous course.Shortby johnmknox2
Market SnapshotAbsolutely FANTASTIC article that encapsulates the sentiment of this update and our predictions for where the market is heading: All credits for the article go to Avi Gilburt and his ElliottWaveTrader.Net team. Highly suggest you give their stuff a read elliottwavetrader.net/p/analysis/Sentiment-Speaks-This-Is-My-Strong-Warning-To-You-202411179385907.htmlShortby Heartbeat_Trading5
Could we see another drop on SPX500USD?Hi traders, Last week SPX500USD made the correction up like I've said in my outlook. So next week we could see another drop into the Daily FVG lower to finish the correction pattern. Trade idea: Wait for the correction up to finish and make a change in orderflow to bearish. After that wait for a correction up on a lower timeframe and trade (short term) shorts. If you want to see more from my 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 trade signals. Don't be emotional, just trade! EduwaveShortby EduwaveTrading2215