S&P Correction Window is official - VOLATILITY AHEADIt's that time of year where the pre-summer push wraps and the summer lull and potential
pause gets underway.
July 31 finished on a bit of a sour note with over 67% of stocks declining today and US indexes finishing RED despite the big gaps and bullish pops on MSFT and META post earnings.f
SPX Key Levels
-watch the 21 day moving average
-watch the 50 day moving average
-more dynamic support in the 100/144/200 moving average cluster
I'll be taking bites at the 5/10/15% correction levels with options and looking for this dip
to be bought by retail and institutions.
Will August 1 US Tariff Deadline matter? After Japan and Eurozone came in and said a deal is being done, I was thinking this would be a dud. BUT, Dr. Copper says "maybe" on the global
tariff deadline with the largest single day move in history (bearish). Being the perfect time of year for a correction (the other being Feb-Apr), and the technicals looking so clean for an
orderly pullback, VIX may float higher and make things more interesting in the next 30-60 days.
Strategies matter, I'll be trading risk defined, but there are great opportunities ahead. A pullback is sure better than literally watching all-time highs every single day.
Thanks for watching!!!
USA500 trade ideas
US500 Pulls Back from 6,400– Correction or Trend Shift?The index has rejected the 6,400 🔼 resistance zone with a strong bearish candle, pulling back toward the 6,200 🔽 support region. Price is still trading within a bullish structure, but this drop may signal early signs of exhaustion.
Support Levels: 6,200 🔽, 6,100 🔽, 6,000 🔽
Resistance Levels: 6,300 🔼, 6,400 🔼
Bias:
🔼 Bullish: If price holds above 6,200 and reclaims 6,300, the uptrend remains intact and bulls may reattempt a push toward 6,400.
🔽 Bearish: A daily close below 6,200 could open a deeper retracement toward 6,100 or even 6,000.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
S&P's "hugely overbought" towards 6375!1). Position Volume dropping! 2). Big institutions (Banks & Insurance) have backed off on higher Risk positions! 3). Huge resistance at .728 fib & trend! 4). Trump tariff talk is likely adding to a fall as well! 5). We're looking for a "SELL" trade @ 6375, since buying is too risky at the moment...Good Luck!
Is This the Start of a Market Drop?So, is the drop beginning? It kind of looks that way, but there’s still no solid setup for entering a short position — and there hasn’t been so far.
The trend is still upward for now, and this current pullback might just be temporary.
What I like about the short idea is that August is traditionally a weak month for stocks .
Could this be the start of a big correction on the market? Yes, it’s possible.
It’s just a pity there’s no clean setup for a short. I’d like to enter, but I’d prefer to see a bit more confirmation on the chart itself.
In general, trading the index off of chart setups isn’t easy — perfect entries are rare. That’s exactly the case now. I’m watching and wondering how and when to catch the downside. Maybe I’ll end up sitting through the entire drop without a position :)
Overall, I’m in favor of the short — but for now, I just don’t see a clear entry point.
What the Next CPI Print Could Do to the S&P500What the Next CPI Print Could Do to the S&P500
A technical and macro setup ahead of the inflation release
Next week’s CPI report could be one of the most important data points of the quarter, not just for the Fed, but for traders watching the S&P500 (SPX) at these elevated levels.
We’ve seen inflation data act like a volatility trigger in recent months, especially when it diverges from market expectations. And with the S&P flirting with key resistance, the stage is set for either a breakout or a reversal.
Let’s break down both the macro implications and the technical chart setup heading into the release.
Why CPI Matters?
If headline CPI comes in hot, markets may price in fewer Fed cuts this year. Yields spike and SPX often reacts with a sharp pullback.
If inflation cools faster than expected, the Fed may stay dovish. That typically gives SPX and risk assets broadly room to breathe higher.
Current expectations:
- Headline CPI: 3.2 percent
- Core CPI: 3.4 percent
Anything above those numbers is risk-off. Anything below supports the soft landing narrative.
Technical Setup on SPX
On the 4H and daily chart, here’s what we’re seeing:
- Price hovering around a key resistance zone between 5,660 and 5,680
- Rising wedge structure starting to form, typically a bearish sign near market tops
- Bearish RSI divergence on 1D chart
- Volume has been declining on recent pushes higher, showing lack of conviction
Key Levels
- Support: 5,615 and 5,575
- Breakout Target (if CPI is dovish): 5,750 to 5,770
- Downside Target (if CPI surprises hot): 5,500 to 5,480
Watch for a volatility spike on the release and be cautious about chasing the first move.
My Play
I’m personally staying flat heading into the data.
Too much chop, not enough conviction. But I’ll be watching for:
- A false breakout trap above 5,680 followed by reversal as a possible short setup
- Or a clear retest and hold above 5,700 with volume, which may confirm further upside
CPI has become the new FOMC. Be patient and reactive, not predictive.
Final Thought
CPI prints used to be background noise. Not anymore.
This one matters, and SPX is sitting in a technical pressure cooker.
Whatever side you lean toward, come in with a plan and don’t trade the first candle.
US500 (S&P): Trend in daily time frameThe color levels are very accurate levels of support and resistance in different time frames, and we have to wait for their reaction in these areas.
So, Please pay special attention to the very accurate trends, colored levels,
and you must know that SETUP is very sensitive.
Be careful
BEST
MT
S&P500 corrective pullback key support at 6200Key Support and Resistance Levels
Resistance Level 1: 6316
Resistance Level 2: 6374
Resistance Level 3: 6430
Support Level 1: 6200
Support Level 2: 6112
Support Level 3: 6073
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
SPX500 Hits New Highs but Fed Caution Limits MomentumSPX500 Overview
Market Context:
The Fed's reluctance to commit to a rate cut in the upcoming September meeting has forced markets to reassess their outlook. This hesitation pushed Treasury yields and the US dollar higher in late trading, weighing on equities.
As it stands, the probability of a rate cut appears to be pushed further out on the timeline, introducing short-term headwinds for risk assets.
Technical Outlook:
SPX500 printed a new all-time high and maintains bullish momentum after stabilizing above the previous ATH at 6427. As long as the price holds above this level, the bullish continuation toward 6454 remains likely, with a further extension to 6480 possible.
A bearish correction would only be confirmed by a break below 6415.
Resistance Levels: 6454, 6480
Support Levels: 6415, 6389
$SPX Analysis, Key Levels & TargetsThis is how last night’s members chart played out and it was amazing. We opened at the top of the implied move and all of the spreads at the top paid as we dropped back to the 30in 200MA
The spreads I took at 6420/6435 but every spread shown here would have done well.
Unlocking the Power of ORB (Opening Range Breakout)Unlocking the Power of ORB (Opening Range Breakout): A Proven Strategy for Intraday Traders
In the fast-paced world of intraday trading, simplicity and structure can often outperform complexity. One such time-tested strategy is the Opening Range Breakout (ORB) — a method favored by both discretionary and system traders for its clarity and adaptability.
📌 What is ORB (Opening Range Breakout)?
ORB refers to the price range (high and low) formed during the first few minutes (typically 5, 15, or 30) after the market opens. Traders look for a breakout above or below this range, anticipating strong momentum in that direction.
🧠 Why ORB Works
Volume Surge: The opening minutes see high institutional activity, creating genuine demand/supply signals.
Market Psychology: ORB captures trader sentiment as news digests overnight and is priced in at the open.
Defined Risk: The high/low of the range becomes a natural stop-loss area, allowing clean setups.
✅ Entry and Exit Rules for the ORB Strategy
Having a consistent framework helps you avoid emotional decisions. Here’s how you can structure your trades using ORB:
🔹 Entry Criteria:
Timeframe: Define your ORB window — e.g., first 15-minute candle.
Bullish Breakout Entry:
Enter long when price closes above the ORB high with volume confirmation.
Bearish Breakdown Entry:
Enter short when price closes below the ORB low with volume confirmation.
⚠️ Avoid entering on the first breakout candle. Wait for a close and retest, or a strong momentum candle for higher confidence.
🔹 Stop-Loss Placement:
For Long Trades: Place SL just below ORB low
For Short Trades: Place SL just above ORB high
🔹 Target/Exit Options:
Fixed RR Target: Aim for 1.5–2x your risk as initial target.
Mid/Outer Bands: Use indicator-drawn breakout bands (like those in LuxAlgo script) as profit zones.
Time-based Exit: Close position by end of session if price stalls or consolidates.
Trailing Exit: Trail your stop behind higher lows (long) or lower highs (short) after breakout.
📊 ORB in Action
You can explore this ready-to-use TradingView indicator to visualize ORB levels in real-time:
🔍 Indicator: Opening Range with Breakouts & Targets (by @LuxAlgo) Thanks to @LuxAlgo team to make this indicator available.
🛠️ Highlights:
Automatically marks the opening range
Plots breakout zones and targets
Ideal for intraday strategies
Works across indices, forex, and crypto
📓 Integrating ORB into Your Trading Journal App
If you're journaling ORB trades, consider logging:
✅ Symbol & timeframe
✅ ORB range (high/low)
✅ Breakout direction (long/short)
✅ Entry time & price
✅ Exit reason (target hit, SL hit, time-based exit)
✅ Notes: market sentiment, news drivers, volume confirmation
Over time, this data will help you:
🔍 Identify which assets respect ORB best
📈 Tune your RR ratio and stop placements
🧠 Reduce decision fatigue by automating setups
🧪 Want to Automate It?
Our trading journal app is ready with 🧠 AI-based journaling for feedback and refinement
🎯 Final Thoughts
ORB is a classic — not because it’s flashy, but because it offers structure, risk control, and repeatability. Whether you're a price action purist or using smart indicators, ORB can provide a disciplined edge — especially when integrated into a journaling and feedback loop.
📌 Start small. Track results. Tune your edge.
S&P 500 ETF & Index Hit Resistance – A Technical Warning Shot 📉⚠️ S&P 500 ETF & Index Hit Resistance – A Technical Warning Shot 🔍🧠
Following up on the video I just posted , I had to share this updated chart of the VOO ETF (Vanguard S&P 500) and US500 Index , now that both are testing key resistance levels.
On the left: AMEX:VOO has reached the very top of a multi-year ascending channel—a zone that has historically triggered sharp corrections. The level at 590.85 marks a major resistance zone.
On the right: The US500 Index is showing a similar technical overextension, trading just under 6,450, with 5,928.25 as the nearest support below.
🎯 Technicals at play:
VOO could retrace toward 526.17 and potentially 465.72, both of which are solid technical supports within this channel.
This setup doesn't mean panic—but it does argue for caution, especially after such an extended run.
🧠 And yes, the Buffett Indicator (Stocks-to-GDP) continues to point toward an overheated market . While it's not a timing tool, it adds macro weight to the technical signals.
In the video, I also touched on:
Taking profits on NASDAQ:NVDA after a near-perfect technical rejection at target.
Reviewing Rolls Royce nearing upper channel resistance.
Gold and Silver at inflection points—likely to be impacted if equities begin to unwind.
Rotational potential into Bitcoin and Ethereum, which may benefit from macro shifts.
This is how I trade: respect structure, stay proactive, and prepare before the move—not after. Let me know how you’re positioning or if you’re sitting on hands waiting for a dip.
One Love,
The FX PROFESSOR 💙
Disclosure: I am happy to be part of the Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Awesome broker, where the trader really comes first! 🌟🤝📈
SPX Elliot Wave Count, Wykoff DistributionBased off the HTF elliot wave count aligning and in confluence with a HTF Wykoff distribution. With the top coming in between 6600-7000ish around September 2025 till January 2026. Further confluence with trendline, fibonnacci time and fibonnaci trend and extension.
SPY back in the trendlineFrom a technical stand point, the expectation was that the trend line will be respected and sellers will force price to close back inside.
Today's daily close can ignite further downward movement which can align with August seasonality that typically sees Indices pull back within this period.
Target still remains 6108 at previous ATH
Nasdaq and S&P 500 higher than ever. Crash incoming??The stock market is now more expensive than ever.
Some people are calling the top, saying that the market is overbought and too high.
There are indicators that show that the market is overheated, but NO ONE KNOWS whether it's going to crash next week or continue running up for months.
Since April, Nasdaq has gained 40%, which is a lot. Congrats if you bought some QLD and TQQQ back in April when I posted about it.
SP:SPX : All-time high. NASDAQ:NDX : All-time high. BITSTAMP:BTCUSD : All-time high. TVC:GOLD : All-time high HOME PRICES ( ECONOMICS:USSFHP ): All-time high. Sounds a bit like a bubble.
The S&P 500’s market cap now equals 28x real disposable personal income — a record.
The stock market Shiller PE ratio is at its highest in 20 years.
Nasdaq companies, especially the MAG7, are strongly outperforming small-cap companies. The last time this happened at this speed, we had the dot-com crash.
The top 10 stocks in the S&P 500 account for 40% of the index.
So, saying this, is the market going to crash?
I don't know, but I know that it's more likely to crash now than it was 3 months ago. It might continue running higher, too, as the FED is expected to cut rates. Really, no one knows. 😊
Here's what I'm doing:
I trimmed down some overpriced stocks from my portfolio: Lemonade, Coupang, Shopify, and Crowdstrike
I trimmed down some of my crypto, especially Bitcoin and Ethereum
I stopped DCA'ing into leveraged ETFs
I'm accumulating cash
I'm still investing (added more healthcare stocks to the portfolio)
Quick note: I'm just sharing my journey - not financial advice! 😊