SPX at a CrossroadsSPX has retraced to the area we have been calling out for the past week or so How it handles the next pullback will decide if we head to new ATHs or continue to MUCH lower levels by Heartbeat_Trading6613
SPX: the best week in 2024Posted inflation data for the US, which were below market expectations, increased optimism among market participants that the Fed will make its first move on the rate cuts in September this year. This was the major fuel for the significant increase in the value of the S&P 500 index during the week, which had its best performance week during 2024. The index started the week at the level of 5.341 and reached the highest level on Friday's trading session of 5.554. The index is currently only 2% lower from it's all time highest level, reached in July this year. Aside from inflation, the Retail Sales in July were 1% higher on a monthly basis, which was above market estimate of 0.3%. This represents an additional sign that the US economy is not at all on the glimpse of the recession, but quite opposite, based on macro data, it stands in a relatively solid shape. The biggest weekly winners are again tech stocks. Market favorite Nvidia managed to gain an incredible 18% during the week. Apple and Microsoft were traded higher by some 3% and 4% on a weekly level. Another aspect which should be also considered is that the majority of companies on Wall Street posted quarterly results. The analysts are noting that around 78% of the listed companies posted results which were higher from the market estimate, which additionally impacted positive market expectations, and pushed the index to the higher grounds. by XBTFX10
S&P500 - Potential short !!Hello traders! ‼️ This is my perspective on US500. Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. Price near LZ and can reject from it, as well we have hidden divergence on daily and regular divergence on H1, so after BOS I will open short position. Like, comment and subscribe to be in touch with my content!Shortby Snick3rSD232338
SPX continue form bearish divergencelooks like the market sees August as a strong month, so bearish divergence will continue with a higher highLongby salvanost2
Cup and handle back into rising wedge, until failurePretty self explanatory, I think the cup and handle pattern is forming to jump back into the large rising wedge formation. RSI and other indicators point to the rising wedge completed in a large drop on the larger daily scaleShortby cryptochatter223
Cup and handleTarget 1 is 5800, calculated from taking the height of the cup and handle structure divided by 2, added to the top of the handle inflection point.Longby cryptochatter2
Market Crash 2025Insane bearish divergence on the monthly timescale, indicating a much longer period of downtown to come, likely a worldwide economic crisis. The last similar pattern in the 70's lead to a several year long bear market with a 40% drop in the S&P 500. Will take many months to play out, however. It's likely we could see the beginning of the downturn either with September job numbers or after the US election.Shortby FraterOculus10
Up for SPX500 USDHi traders, SPX500USD played out exactly like I've said in my outlook before my holiday. After it finished the bigger correction up into the gap it dropped very fast into the predicted area. It swept the weekly liquidity and went up again for the next impulse leg last week. Now for next week we could see a small correction down and more upside. Trade idea: Wait for a correction down to finish. After a change in orderflow to bullish and a small correction down on a lower timeframe you could trade longs. 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! EduwaveLongby EduwaveTrading0
S&P 500 Daily Chart Analysis For Week of Aug 16, 2024Technical Analysis and Outlook: The S&P 500 Index demonstrated significant resiliency during this week's trading session, surpassing the Inner Interim Index Rally 5443 target. Following a springy rebound, the current market price action is positioned below the newly established significant Mean Res 5564. Anticipated interim downward pressure toward the Mean Support at 5445 is probable before the index resumes its upward trajectory. The prevailing price action indicates a sustained uptrend towards the Inner Interim Index Rally at 5666, with the achieved targets expected to exert considerable downward pressure.by TradeSelecter2
SPX - Doomsday scenarioA product of pure imagination. - Declining volume - Reaching extreme resistance - Far away from BB mean This is a yearly chart...so could take years to play out :)by mi_khan1
Markets Love the Bulls!!! Close to All-Time HighsS&P pulled back 78% of the fall Nasdaq pulled back 61% of the fall Dow pulled back 78% of the fall IWM pulled back 50% of the fall Impressive rips for 2 weeks of trading for the "buy the dip" community. This week's direction was steady in futures, and gaps higher in indexes from opening to closing bell. I'm keeping the charts as clean and simple as possible. September and October are rarely good months for the markets so perhaps all-time highs are a bit of a stretch, but we're much closer now than we were August 5th when everyone was freaking out. Upcoming news for next week: FOMC Minutes US PMI Jackson Hole (with Powell Speech) My defensive plays are focused through August and September expirations, but I'll likely continue to add hedges if appropriate. Have a great weekend and back at it next week!!!16:08by ChrisPulver2
HOLY Moly!! IT WORKS Plan was given... Plan was executed.... another winning trade Have a wonderful weekend ! Stay Frosty!02:43by Beyond_Charts2
Panic over?Earlier this morning, US stock index futures were building on yesterday’s impressive, and broad-based gains. On Thursday investors rushed in to hoover up equities with the mid-cap Russell 2000 leading the way to finish 2.5% higher. Tech wasn’t far behind, with the NASDAQ adding 2.3%. The Dow and the S&P 500 gained 1.4% and 1.6% respectively. The gains came on the back of a strong set of Retail Sales numbers, and on another dip in weekly Jobless Claims. Add these to the positive inflation numbers earlier in the week and it gave investors all the excuse they needed to rush back into the market. The data is just what the Federal Reserve needs to justify a rate cut next month. Inflation continues to drift back towards its 2% target, while the labour market enjoys a ‘Goldilocks’ situation. The Unemployment Rate has ticked higher, taking some of the tightness out of the sector, but not by enough to scare the horses by raising fears of an imminent recession. This also means that the market has gone back to pricing in a 25 basis point cut in September, rather than the panicky 50 basis points forecast earlier this month. Both the S&P and NASDAQ have now recorded six successive positive sessions, and are back to where they were at the end of July, before the market rout. Yesterday also saw a big move across US Treasuries. Yields soared as investors dumped bonds and put the money back to work in equities. This indicates a strong recovery in risk appetite with sentiment towards stocks turning positive once again. But it also should be a little bit of a warning sign that this sharp turnaround could be a tad overdone. Nothing goes up in a straight line forever. Yet the NASDAQ 100 and S&P 500 have now gained 13% and 9% respectively from their lows on 5th August. Those gains may be enough to entice early buyers to book some decent profits.by muggins2
Potential shake out on Phase D - objective -> SupportIn macro the price is on Phase D. As it already reached the resistance, it is expected to look for the macro's support. It might not reach it today, but the projection is bearish unless it breaks the macro's ceiling on 5,560 aprox. PEPPERSTONE:US500 CME_MINI:ESU2024 Shortby XMONCAYOX8112
Bulls and Bears zone for 08-16-2024S&P seems to have rallied too far too fast without any pullback. In that case, we could see some sort of mean reversion in near future. Level to watch: 5540 --- 5538by traderdan590
SPX Prep and Scenarios for Daytraders 8.16.24 We have a couple scenarios: Where would I want to be bullish with confirmation: Above 5543 if we get to and catch a bid at 5506 if we get to 5581 and hold Where I want to be BEAR with confirmation: Below 5543 If we get to 5581 and catch an offer. Below 5581 If we get to 5506 and stay below If you want to see more of my SPX plans for day trading. Please press the rocket ship down below on tradingview. Thank you. Stay Frosty! 05:03by Beyond_Charts3
SPx 4H Bullish Momentum Holds Above Key SupportMarkets Eye Fresh Drivers; Bullish Momentum Holds Above Key Support Wall Street is on the lookout for new catalysts before the market opens, while markets in Asia and Europe are showing gains. The price has recently risen and hit our target with a solid +1.8% increase, and the momentum is still pointing towards the next targets of 5584 and 5620, provided it stays above the key level of 5525. Bullish Scenario: If the price remains above 5525, the bullish trend is likely to continue, aiming for the next resistance levels at 5584 and 5620. Bearish Scenario: If the price drops and a 4-hour candle closes below 5525, this would indicate a potential decline towards 5491 and 5460. Key Levels: - Pivot Line: 5525 - Resistance Levels: 5584, 5620, 5670 - Support Levels: 5491, 5460, 5409 Today's Expected Trading Range: The price is expected to fluctuate between 5525 and 5620. Tendency: Bullish momentum. Previous idea: Longby SroshMayi5
$SPX A bullish or bearish day? SP:SPX Based on the technical factors that emerge, we are right on the first finger to pivot out of the bear trend. We are officially meandering the bullish pull away with strong momentum right? But we've already have that on our side. Does that mean it will diminish? Or will it continue the alarmingly strong moment. In this video, I will stay away from the SP:SPX , because the momentum will exhaust soon. by montiai0
US500 - Roadmap to 6kHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 US500 has been overall bullish, trading within the rising channel marked in red. As long as the $5000 round number holds, I expect further bullish continuation towards the upper bound of the channel and $6000 round number. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck!by TheSignalyst12
Hellena | SPX500 (4H): Long to resistance area 5566.Dear Colleagues, because the big wave “4” (5095) has completed, now I believe that the price is in wave “5”. This means that the price probably has not yet completed the upward movement. I expect a small correction, then a continuation of the upward movement at least to the 5566 area. Manage your capital correctly and competently! Only enter trades based on reliable patterns!Longby Hellena_TradeUpdated 339
S&P500 Short: Stop loss above 5572I have identify 3 resistances that created a resistance zone: 1. Semi-tangible: Fibonacci Retracement level of 78.6% of Primary Wave 1 2. Tangible: Intermediate wave 2 of Primary wave 1 price resistances 3. Intangible: Wave C = 1.618xWaveA of Primary Wave 2 The risk-reward ratio looks good for shorting.Shortby yuchaosng5
COIN Short Idea - The Golden SetupI made a video yesterday about how I thought the short opportunity on NQ and the overall market was one of the best I'd ever seen in my trading career. I believe that is yet to to fully play out and we'll see what happens, but in the meantime I wanted to share what are my two favorite trade ideas and positions in the market right now. These setups have a very high chance of success in my opinion and if not, risk is fairly tight. I would take this trade 10/10 times, I would always take a setup like this when my strategy tells me it is this good. You must trade what your strategy says regardless of fear and greed, you will win over longer periods of time if you develop a winning strategy that you stick to and remain disciplined at all times. GME is the other one which I've also posted ideas about recently. Just wanted to review these setups have triggered and I'm actually in the positions. I'll update when the trades are closed, should be interesting. Short10:04by AdvancedPlays221
S&P 500 Target - 6,000 On The Way? By taking the fractal from the previous impulse and placing on top of the current run (with decreased timing) from the low, we can get an idea of how this fractal may play out if the ALGO target is indeed 6K for the S&P. Note the support and resistance trend lines and channel and how prices appears to respect those projections. Note: Not Trading or Investment Advice. Entertainment ONLY! by tantamount5