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S&P 500: Temporary correction due to rising bond yields?The U.S. stock market, especially the S&P 500, has experienced a recent correction due to rising 10-year Treasury yields, which have reached their highest level since July. While this increase has put pressure on stocks, some analysts believe the impact could be temporary. The S&P 500(Ticker AT:USA500), which has shown positive performance in 2024, continues to be driven by a strong economy and solid corporate results. Despite the recent downturn, there is optimism about the market's upside potential, especially in cyclical sectors such as financials and industrials. The expectation is that economic growth and corporate earnings will continue to support the index, despite concerns about higher bond yields. The rise in yields reflects the strength of the U.S. economy, which has raised concerns among some investors, but does not appear to be enough of an obstacle to slow the market's long-term rally. In recent years, the market has shown resilience in the face of high yields, suggesting that this correction may only be a temporary adjustment. Sectors with upside potential based on the context of recent market movements: 1. Technology: o Technology companies such as Apple, Microsoft, and Nvidia remain key, especially with the growth of artificial intelligence, semiconductors, and demand for cloud software and services. 2. Energy: o With the rise of renewable energy and the global energy transition, companies like ExxonMobil (in the traditional sector) and NextEra Energy (in clean energy) may have upside potential in this environment. 3. Healthcare: o Biotech and pharmaceutical companies such as Pfizer and Johnson & Johnson maintain an attractive profile thanks to innovation in medical treatments and the stability of the sector. 4. Financials: o Banks and insurers tend to benefit from rising Treasury yields, with companies like JPMorgan Chase or Bank of America being in a good position to take advantage of a strong economic environment. 5. Industrials: o With global infrastructure improving and demand picking up, companies like Caterpillar and Honeywell have room for growth. 6. Real Estate: o Despite interest rate sensitivity, companies like Prologis (logistics real estate) are well positioned for an environment of expanding logistics needs, driven by e-commerce. Looking at the S&P500 chart, it is currently located in the upper zone of the channel at 5,827.90 points near the historical high of 5,886.35 points. The initial support zone of the current impulse is located at 5,151.97 points, with other support zones above that position the last support at 5,636.80 points. The price bell control point (POC) is located precisely in this zone. It would not be unusual to see the index looking for 6,000 points and executing a healthy price correction in the direction of the indicated control point. If this price were to be pierced to the downside, the next control zone would be located at 5,398.75 points. At the moment, it appears that bonds seem to be exerting more pressure than expected, the strong economy could keep the index in this bullish directionality. In summary, although the rise in Treasury yields has impacted the S&P 500, the uptrend is expected to continue, driven by a favorable economic environment and solid corporate earnings. 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.
ULong
by ActivTrades
2
SPX: Liquidity Zone Breakout or Support Breakdown AheadTechnical Analysis: The price is testing the support line after pulling back from the liquidity zone around 5,863. If the price holds above the pivot line and breaks the liquidity zone, it could rally toward 5,939. A failure to hold the support line could lead to a bearish move, with potential targets at 5,781 and 5,732. 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: 5832 Resistance Levels: 5863, 5891, 5939 Support Levels: 5803, 5781, 5732 Trend Outlook: Bearish below 5832 Bullish above 5832
OANDA:SPX500USDLong
by SroshMayi
Are Stocks Topping for Now?The S&P 500 has had a dramatic run, with gains in the last six weeks and 10 of the last 11 months. But will the run continue? The first pattern on today’s chart is last week’s low around 5804. The index crossed under it and stayed there yesterday, producing a lower low on the weekly chart. Ending the week below that level could resemble moments like late-July or early April, when pullbacks followed. Second, the index got rejected at or near highs on October 15 and 17. Those solid candles (marked with white arrows) may reflect selling pressures. MACD also turned lower and prices closed below the 8-day exponential moving average, which could suggest momentum is slowing. Next, the Nasdaq-100 stalled below its July peak. Does that reflect exhaustion among the biggest stocks in the market? This lethargic price action in the big growth names contrasts with Treasury yields pushing higher. That may also be a risk to equities and risk assets in general. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
SP:SPX
by TradeStation
SPX to turnaround?US500 - 24h expiry Broken out of the wedge to the downside. The formation has a measured move target of 5773. An overnight positive theme in Equities has led to a higher open this morning. Expect trading to remain mixed and volatile. The sequence for trading is lower lows and highs. We look to Sell at 5847 (stop at 5865) Our profit targets will be 5802 and 5792 Resistance: 5845 / 5847 / 5857 Support: 5815 / 5800 / 5785 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:SPX500USDShort
by OANDA
Price Reversal at Key Support with Consolidation ExpectedTechnical Analysis: The price has reached the previously identified support zone and has once again reversed its course. At present, it is anticipated that the price will attempt to reach 5,863, provided it continues to trade above the 5,824 and 5,800 levels. However, the price is likely to remain in a consolidation phase between 5,863 and 5,824 until a decisive breakout occurs. Key Levels: Pivot Point: 5837 Resistance Levels: 5863, 5891, 5939 Support Levels: 5824, 5812, 5781 Trend Outlook: Bearish below 5824 Bullish above 5824
OANDA:SPX500USDLong
by SroshMayi
S&P500 Index -Liquidity Zone consolidationTechnical Analysis: The price is currently trading within a liquidity zone between 5,849 and 5,891, showing consolidation. A retest of this liquidity zone is likely, with a potential rejection if the price fails to break above 5,891. If the price breaks and holds above the 5,891 level, the next target would be the resistance line at around 5,939. On the downside, a rejection from the liquidity zone could send the price back down towards the support line near 5,825 or even further towards 5,781. Correct Direction: Bearish: If the price fails to break above 5,891 and the liquidity zone holds as resistance, the price is likely to move towards 5,825 or lower. Bullish: If the price breaks and closes above 5,891, a bullish continuation towards 5,939 is expected. The overall bias is bearish unless there is a confirmed breakout above the liquidity zone. Key Levels: Pivot Point: 5863 Resistance Levels: 5891, 5915, 5939 Support Levels: 5836, 5807, 5781 Trend Outlook: Bearish below 5863 Bullish above 5891
OANDA:SPX500USD
by SroshMayi
DreamAnalysis | SPX500 at a Crossroads Key Trading Strategies✨ Today’s Focus: SPX500 (US500) – A Key Market Driver We dive into recent price movements and analyze critical market levels to identify potential trends. 📊 Current Market Overview: The price is currently consolidating within the Previous Weekly Range, showing little movement for now. However, it's important to note that the Previous Month's High (PMH) has already been taken, and the market needs to accumulate more liquidity before making a decisive move—hence the consolidation. 🔴 What to Expect: Short-Term vs. Long-Term Scenarios We'll explore both short-term and long-term outlooks, offering insights into bullish and bearish possibilities for day traders. 🗣 Short-Term Outlook: In the short term, we may see a retracement into the Fair Value Zone or the Equilibrium (50% of the range). However, without significant information from higher timeframes, it's best to wait for lower timeframe confirmations before entering a trade. 🗣 Long-Term Outlook: From a long-term perspective, the price may dip lower to absorb sell-side liquidity before continuing its upward trend. 🕓 Key Levels to Watch: Keep an eye on these levels, which could impact price action: - PMH: Previous Month High - PML: Previous Month Low - PWH: Previous Week High - PWL: Previous Week Low - BSL: Buy-Side Liquidity - SSL: Sell-Side Liquidity - Daily FVG: Fair Value Gap (Imbalance Zone) These levels highlight potential liquidity absorption points and areas where price might rebalance. Fair Value Gaps (FVGs) are key zones for potential retracement before the market resumes its trend. 🔔 1Hour Outlook: 📈 Bullish Scenario: For a bullish setup, we need the Previous Week Low (PWL) to be taken out, or we can use the lower timeframes to identify Sell-Side Liquidity (SSL) levels. Once price sweeps these liquidity levels, we can look for an entry model to target the Buy-Side Liquidity, such as the Previous Week High (PWH). 📉 Bearish Scenario: On the bearish side, lower timeframes are already offering potential entry models. With the monthly high (PMH) taken and a Smart Money Technique (SMT) divergence with the NASDAQ (US100), there’s a strong confluence for bearish continuation. 📝 Conclusion: Stay flexible as market conditions shift. Monitor these key levels and setups closely to fine-tune your strategy and seize high-probability trading opportunities. 🔮 Looking Ahead: Keep following as we track developments in NASDAQ, DXY, EUR/USD, and other major markets. Timely insights will be provided as trends unfold. ⚠️ Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always perform your own research and consult a licensed financial advisor before making any investment decisions.
CAPITALCOM:US500
by DreamAnalysis
$SPX Analysis, Key Levels & Targets for 10.23.24Tomorrow’s implied move in SPX is between 5815 and 5885. That range comes from options and the 30-day average daily volatility, which aligns with Thursday’s implied move of 5805 to 5895. The first level to watch is the 35 EMA, which is cutting right across the trading range. It was below us at yesterday’s close, but depending on where futures open, it could be to the upside. Definitely keep an eye on that level. The next level of resistance is around 5870. We briefly got above this level to make all-time highs at 5878.37, and we’ve seen it hold as resistance before and after making those all-time highs last week. If we get above 5870, the next target is the all-time high, with 5885 as the top of the implied move. 5895 is the top of the implied move on Thursday’s contract. To the downside, if we can’t hold the 35 EMA, the next level to watch is 5825, which acted as support on both Monday and Tuesday. Below that, 5815 is the bottom of the implied move, and 5805 is the bottom of Thursday’s implied move. We also have the 30-minute 200 MA near the bottom of the trading range for the next two days, and with momentum still positive, that level could give us a technical bounce. Pair that with the support from last week around 5815, and it’s a good spot for a potential bounce.
SP:SPX
by SPYder_QQQueen_Trading
The Stock Market Tends To Crash Around October —Historical Trend➖ In 1929, the stock market started a major decline around October. ➖ In 1973, the stock market peaked in January and produced a lower high in October and then a major crash. ➖ In 1987, the stock market crashed in October ➖ In the year 2000, the major decline started right around October. ➖ In 2007 the stock market peaked and a major crash happened in October 2008. What's up with October? The S&P 500 Index is now trading at All-Time Highs. Volume has been dropping since March 2009. It is now October 2024 and the world is at war... Forever higher or market crash? Imagine, can it top in October 2024 and then a crash in October 2025? Based on past history, there are many potential variations for a bearish scenario. Namaste.
SP:SPXShort
by AlanSantana
SPX500USD Will Move Lower! Sell! Here is our detailed technical review for SPX500USD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 5,735.3. Considering the today's price action, probabilities will be high to see a movement to 5,643.6. 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!
OANDA:SPX500USDShort
by SignalProvider
1