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S&P500 - The 2025 Bullrun Just Started!S&P500 ( TVC:SPX ) will rally massively during 2025: Click chart above to see the detailed analysis👆🏻 Over the past couple of years, the S&P500 has perfectly been respecting the trendlines of a rising channel formation. After the recent rally of +70%, it is quite likely that - following the 2020 cycle - we will see another final rally of about +20% before the S&P500 will correct itself. Levels to watch: $7.000 Keep your long term vision, Philip (BasicTrading)
TVC:SPXLong
by basictradingtv
15
America's Finest 500 brace for tariff impactIn my last piece, I'd had the downtrend coming too early as only a technical formation to follow through. Now the news would not allow any sunshine close to the S&P's Best so soon, as the Trump Administration will introduce tariffs to Canada and Mexico imports. The short term trends on the index are already in the red. More Tariffs The Administration also plans tariffs on the Agrarian sector, which comes as horrific news to the farmers who import many material to produce their goods. The Administration calls for farmers to simply "overproduce" and start producing their goods in America, but there are three problems with that: 1st, the costs for staff. Not many people are left who could work on American farms after Trump's Administration has them deported by the grand. Hiring people to do hard labor almost nobody wants to do these days anymore is close to impossible at the current level of wages. The farmers have to prop up the payments if they want to have a chance to produce the required surplus at all. 2nd, the surplus. The produced surplus of goods does not allow to compensate costs with higher prices, as food will begin to flood the market and decrease food prices. That's good for food-insecure households, but will end in a disaster for the farmers, many of which will be forced to give up. Large agricultural corporations are likely to take over land from farmers, and they'll jack up prices back again as soon as they can. 3rd, the market . Whether the domestic market can consume farm's produce in a whole, no matter how big the surplus, is unclear for now as many households are currently above their price points on groceries. However when the surplus comes to market and produce becomes cheaper, there is not much wiggle room the surplus can fill before leading to a massive fall of prices and, thereafter, the sector of independent farmers. Also for big corporations the surplus can become a problem, because many countries will retaliate Trump's tariffs with their own tariffs to hit U.S. exports with a huge blow on their appeal. Multilateral Tariffs Union against the USA In multiple countries, once huge and high-ranking trade partners with the U.S., a Tariffs Union with members in Europe and Asia are discussed between politicians. As many countries face U.S. tariffs, the idea to create a new market of Free Trade aside America is floating around. European lawmakers discuss the idea of creating a Tariff Union with a few of the BRICS states, such as Brazil, South Africa and China, and propose that the EU lifts tariffs wherever the U.S. has laid them, so goods with a tariff for the U.S. can be sold elsewhere tariff-free. U.S. will drown in surplus production with nowhere to go Such plans would make it significantly harder for the U.S. to import goods their economy requires, and as the Tariffs Union would react on U.S. tariffs with their own, the U.S. will find it even harder to export its surplus. For now, such concrete plans depend on new players stepping up to the stage, such as Germany's Chancellery Candidate Friedrich Merz. The Germans, always reluctant to lay new tariffs onto the Chinese, could become a strong voice to form such trading alliances, even if they come with a price: China's forthcoming on such plans might depend on the EU's position on Taiwan, which the Union might reconsider and eventually overthrow, basically having no real interests to protect in the region. (Except for the electronics and chips industry, which is lured to the U.S. by Trump and creating a surplus of goods there.) The U.S. market and economy are facing sinister times domestic and foreign, as Trump's politics are currently only profiting one faction of participants: the short sellers.
VANTAGE:SP500Short
by Johnny_TV
SPX ready for the correctionhi traders, This is probably not what most traders want to see but we must be realistic. The monthly close is upon us and it's not gonna be a bullish close. A lot of selling pressure and it may be just the beginning. A 13 % correction on SPX is more than likely in my opinion. If the price loses the upsloping support, we will see the mark-down pretty soon. Stoch RSI suggests that the bears are taking control. My target for SPX is between 5200 and 5000. Get ready to buy cheap stocks and cheap crypto!
SP:SPXShort
by vf_investment
US 500 – Strength of Rebound From Friday Low to be TestedThe US 500 bounced 1.4% from its January 2025 lows on Friday, ensuring a volatile week of trading finished on a slightly more positive note than may have been the case earlier in the day. However, the strength of this rally is likely to be put through a stern test in the week ahead. Why? The week is packed full of risk events, including key US economic data, in the form of the forward-looking ISM Manufacturing (Monday 1500 GMT) and Services (Wednesday 1500 GMT) PMI surveys, the latest update on the strength of the US labour market, provided by the Non-farm Payrolls update (Friday 1330 GMT), and earnings from consumer bellwether Target (before the open Tuesday). President Trump’s tariffs on Canada, Mexico and China are due to start on Tuesday, which if they happen are likely to see retaliatory tariffs initiated on the US. Then to top it all off, Federal Reserve Chairman Jerome Powell is speaking on Friday (1730 GMT). The topic, the US economic outlook. Wow! There is, of course, always the potential for unscheduled social media comments from President Trump to factor into the volatility mix, like those last night which sent crypto markets sharply higher for a period, as well as updates on the geo-political situations in Ukraine and the Middle East. Being prepared is important, and that includes knowing the chart levels and trends as we look at the US 500 this morning. Technical Update: Friday's Recover in Focus It has certainly been a sharp sell-off in the US 500 index since the all-time high was registered at 6144 on February 19th. However, it’s probably too early to tell if this represents the first signs of a negative sentiment shift, or as has been the case previously, dips in price are being used as an opportunity to buy a market still within an uptrend. Potential Support Levels: The basic definition of an uptrend in price, is a pattern of higher highs and higher lows. This reflects buyers are not only using price weakness as a buying opportunity but are also willing to pay a higher price. It could be argued this suggests positive sentiment has been evident. While this is no guarantee that this is still the case in the US 500 index, looking at the chart above, this type of positive pattern has been in place since the sell-off in price to the August 5th 2024 low at 5089. So far at least, the current US 500 index level remains above 5757 which was the January 13th 2025 last correction low of the uptrend pattern, and traders may be watching this level, feeling it might be pivotal for the next trending pattern. If closes materialise below 5757 over the coming days or weeks, traders may start to feel risks are turning towards a deeper retracement of the August 2024 to February 2025 price strength, with the 38% retracement level of that move providing a potential support focus at 5741, the 50% retracement at 5616, and the 62% point at 5491. Potential Resistance Levels: That said, while the January 13th low at 5757 continues to hold any price weakness, it is possible the uptrend pattern in price remains in place. If that’s the case, knowing what resistance levels might be worthwhile monitoring could be helpful. As the chart above shows, last Friday did see a rally as a reactive recovery to the recent sharp sell-off. These recovery themes are so far being developed further this morning, with the index currently trading above 5952. This level is equal to the 38% retracement of the February price decline. Now, this price break above this first retracement resistance level does need to sustained on a closing basis, but even then, traders may well focus on a possible higher resistance at 6025/37, which is equal to the 62% retracement and matches the current level of the declining Bollinger mid-average. It is possible closing breaks above this resistance area are needed to suggest the potential of a more extended phase of price strength, even extension of the current uptrend pattern. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:US500
by Pepperstone
SPX500USD| BEARISH VOLUME HELLO SPX500 The price followed my previous analysis, experiencing a sharp decline. After such a steep drop, a corrective movement is necessary, and currently, the price is in a retracement phase toward the 5886 level. If it manages to break above this level, the price is likely to extend its upward correction, potentially reaching the upper boundary of the channel or even testing the 5947 resistance. However, despite this short-term correction, the overall bearish trend remains dominant. Once the correction phase is exhausted, we anticipate the price to resume its downward movement, breaking through all intermediate support levels until it reaches the primary bearish target at 5777. This expectation aligns with the prevailing downtrend structure, reinforcing the continuation of bearish momentum.
OANDA:SPX500USDShort
by ArinaKarayi
SPX500 Bullish Retracement or Short Continuation? 1. Top-Down Bias 1. Weekly (Long-Term): • Structural Trend: Bullish (higher highs/higher lows) since mid-2022. • Momentum: Cooling (Weekly MACD negative, RSI slipping from overbought). • Conclusion: Still in an uptrend overall, but increasingly vulnerable to corrective pullbacks. 2. Daily (Intermediate-Term): • Trend: Corrective/short-term bearish tilt (price below 10 & 50-Day SMAs). • Support: Key rising trendline near 5,830–5,850; 200-Day SMA around 5,737. • Conclusion: Intact broader uptrend, but near-term momentum is down. Bulls must reclaim ~6,000–6,100 to regain full control. 3. 4-Hour (Short-Term): • Trend: Bearish (lower highs/lower lows, price below major 4H SMAs & Ichimoku Cloud). • Bounce: Price is rebounding off ~5,830. Overhead resistance near 5,950–6,000. • Conclusion: Still bearish unless price closes decisively above ~6,000. 4. 2-Hour (Intraday): • Trend: Dominantly down, but intraday MACD and RSI have turned bullish. • Resistance: 5,940–5,970 (Fib confluence) and ~5,990–6,000 (Ichimoku Cloud base). • Conclusion: Short-term bounce is underway, but the structure remains cautious below 6,000. Overall Bias: • Long-Term: Bullish. • Short-Term: Bearish/Corrective. • Potential for a relief rally if price breaks above ~5,970–6,000. Otherwise, deeper corrections could target 5,830–5,850 or below. 2. Key Levels & Confluences • Major Resistance Zones: • 6,000–6,100: Overhead supply on Daily & 4H, plus 10 & 50-Day SMAs, Ichimoku cloud underside. • 5,970–6,000: 2H/4H Fib confluence and descending trend line. • Major Support Zones: • 5,830–5,850: Short-term bullish order blocks, rising daily trendline, and 2H/4H support. • 5,737: 200-Day SMA, key if the above zone fails. • 5,600–5,400 (Weekly OB) and 5,634 (50-Week SMA): Deeper support if a more significant correction unfolds. • Indicator Confluences: • Weekly Ichimoku → Price well above the cloud, but momentum fading. • Daily Ichimoku → Price near/below the cloud (~5,990–6,000). • MA Clusters → 10 & 50-Day near 6,000; 100-Day ~5,960; 200-Day ~5,737. • Fibs → 5,830–5,970 region offers multiple retracement overlaps on lower timeframes. 3. Scenario 1: Bullish Continuation / Recovery Narrative: Despite recent short-term weakness, the longer-term uptrend is still intact. A rebound could take hold if price holds above critical support (5,830–5,850) and reclaims the Daily/4H resistances near 6,000. Indicators on lower timeframes (2H MACD & RSI) hint at a near-term bounce. 3.1 Aggressive / High-Risk Approach • Entry Conditions: • Look for intraday bullish reversal candles (e.g., 2H bullish engulfing) near 5,840–5,860 support—before a confirmed 4H close above resistance. • This could be triggered if RSI on 2H recrosses above 50 (it already has) and price bounces off a retest of 5,850. • Stop-Loss Placement: • Tight stops just below 5,830 (recent swing low). • Accept the risk of whipsaw if the market tests that area again. • Pros/Cons: • Pros: Potential for a strong R:R if the bounce holds; you enter near the bottom of the range. • Cons: High chance of a false breakout or further drawdown if short-term momentum fails. 3.2 Moderate Risk Approach • Entry Conditions: • Wait for partial confirmation such as a 4H close above ~5,950–5,970 (descending trend line/Fib zone). • Alternatively, a bullish MACD crossover on the 4H chart or price reclaiming the 4H Ichimoku conversion line (~5,950–5,970). • Stop-Loss Placement: • Below the newly formed higher low (e.g., if price pulls back to 5,880–5,900, place stops slightly beneath). • Gives moderate breathing room compared to the ultra-tight approach. • Pros/Cons: • Pros: Lower risk of immediate fakeouts. • Cons: May miss the absolute bottom if price reverses sharply without much consolidation. 3.3 Conservative / Low-Risk Approach • Entry Conditions: • Require strong confirmation: a Daily close above ~6,000 (10 & 50-Day SMAs + Ichimoku Cloud) to ensure the short-term trend has flipped bullish. • Prefer RSI (Daily) back above 50 and MACD turning positive on the Daily timeframe. • Stop-Loss Placement: • Wider stop below the 200-Day SMA (~5,737) or below 5,830 pivot if you want a slightly tighter but still “safer” cushion. • Aims to weather typical intraday volatility. • Pros/Cons: • Pros: Much higher probability trade aligned with a proven trend resumption. • Cons: Enters at a higher price; your initial R:R might be smaller. 3.4 Bullish Targets & Management • Target 1 (T1): ~6,100 (major overhead supply, near the upper end of daily cloud/resistance). • Target 2 (T2): ~6,200–6,250 (next potential swing high if momentum truly shifts). • Partial Profit / Trailing: • Consider taking partial profits at T1 (~6,100) and trailing stop to break-even. • If price pushes above 6,100, let a portion ride toward 6,200+. • Invalidation: • A Daily close below ~5,830 (or a 4H close well beneath that pivot) undermines the bullish thesis. • Bearish signals on Daily MACD (staying negative) also reduce bullish odds. 4. Scenario 2: Bearish Reversal / Deeper Correction Narrative: Recent breaks below key Daily MAs and a confirmed 4H/2H downtrend indicate the market may extend its pullback. The bounce to ~5,950–6,000 could fail, triggering a new leg lower toward 5,830 or even the 200-Day SMA (~5,737). 4.1 Aggressive / High-Risk Approach • Entry Conditions: • Look to short on a minor retest/failure at intraday resistance (e.g., 2H pivot near 5,960–5,970). • Could also short an immediate break below 5,850 if that level cracks intraday. • Stop-Loss Placement: • Tight stop just above the local swing high (e.g., if shorting near 5,970, stop ~5,995–6,000). • This captures a potential quick continuation lower but risks getting stopped out on whipsaws. • Pros/Cons: • Pros: Larger reward if the market breaks down quickly from near-resistance. • Cons: Elevated risk of fake breakdown or sudden bullish intraday reversal. 4.2 Moderate Risk Approach • Entry Conditions: • Wait for a 4H candle close below ~5,850 (the short-term support / OB zone) or for RSI (4H) to slip back under 50 from its bounce. • Confirm negative MACD cross or downward slope on the 4H chart. • Stop-Loss Placement: • Place stops slightly above the retest zone (5,870–5,880) or the most recent swing high. • Allows for typical 4H volatility around S/R lines. 4.3 Conservative / Low-Risk Approach • Entry Conditions: • Require a Daily close below 5,830 (rising trendline break) and a retest that fails to reclaim that line. • Confirm daily MACD remains negative and RSI stays below 50. • Stop-Loss Placement: • Above the nearest significant daily pivot or 200-Day SMA if you’re aiming for a multi-day to multi-week short. • A wide stop to accommodate more volatile corrections. • Pros/Cons: • Pros: High probability of a sustained down-move once that daily trendline is lost. • Cons: The initial break might be fast; you could miss the “best” short entry. 4.4 Bearish Targets & Management • Target 1 (T1): ~5,737 (200-Day SMA) if the immediate support at 5,830 fails. • Target 2 (T2): ~5,600–5,400 (major weekly OB & 50-Week SMA ~5,634). • Partial Profit / Trailing: • Consider locking in partial gains near T1 (200-Day) and trailing stops to break-even. • If momentum accelerates, hold a runner down toward 5,600 or lower. • Invalidation: • 4H or Daily close back above ~6,000 would undercut the bearish premise, as it signals a reclaim of critical MAs and Ichimoku territory. • A bullish MACD crossover on Daily also weakens the short thesis. 5. Risk Management & Position Sizing 1. Volatility (ATR) Awareness: • Weekly ATR ~166; 4H ATR ~44. Elevated intraday volatility means you may need slightly wider stops or smaller position sizes. • For short-term trades (4H/2H), consider using a fraction of your usual size to account for bigger swings. 2. R:R Ratios: • Target at least 1:2 or better. • Scale your position so the max loss is within your tolerance (1–2% of your account per trade). 3. Timeframe Alignment: • Larger positions if Daily & Weekly confirm a direction. • If 4H/2H contradict the higher timeframes, trade smaller or wait for alignment. 4. Partial Profit Strategies: • At T1, take partial off (e.g., 50%) and move stop to entry. • Let the rest ride to T2 if momentum follows through. 6. Timing & Confirmation 1. Candle Close vs. Intraday: • For more reliable signals, wait for 4H or Daily closes at critical S/R (above 6,000 for bullish or below 5,830 for bearish). • Aggressive traders may jump in on intraday wicks or 2H signals but must accept higher whipsaw risk. 2. Market Sessions: • Key breakouts often occur during London or New York opens when liquidity spikes. • If trading overnight or in low-liquidity sessions, be mindful of sudden volatility pockets. 7. Extra Notes & Contradictions 1. Mixed Signals Across Timeframes: • Weekly bullish vs. 4H/2H bearish. This can cause choppy price action. Intraday shorts may still work in a higher timeframe uptrend as a temporary pullback trade. 2. Event & News Catalysts: • Unexpected fundamental events (economic data releases, central bank announcements) can override technical setups. 3. Ranging vs. Trending: • If price stalls between 5,850 and 5,950 for several sessions, we may be in a short-term range. Look to fade extremes until a breakout clarifies direction. 8. Final Summary • Top-Down Bias: • Weekly remains bullish overall but losing momentum. • Daily is short-term bearish, yet still above the 200-Day SMA. • 4H/2H are in a downtrend, but a bounce is in progress. • Key Levels & Confluences: • Support: 5,830–5,850; 5,737 (200-Day); deeper ~5,600–5,400. • Resistance: 5,970–6,000 (short-term), then 6,000–6,100 (major daily overhead). • Scenarios: • Bullish if price holds support (5,830–5,850) and reclaims ~6,000. • Aggressive: Buy near 5,840–5,860 on 2H signals. • Moderate: Wait for 4H close above ~5,950–5,970. • Conservative: Require Daily close above ~6,000 and a bullish MACD on Daily. • Bearish if price fails near 5,950–6,000 or breaks 5,830. • Aggressive: Short rejections around 5,960–5,970 or immediate break of 5,850. • Moderate: Wait for 4H close below 5,850. • Conservative: Require Daily close below 5,830 and retest fail. • Risk Management: • Use ATR to size positions, keep R:R ≥ 1:2, scale out at T1, etc. • Edge Cases / Fundamentals: • Stay alert for macro news or high-impact data that could abruptly change the technical landscape. Bottom Line: We have a long-term bullish market undergoing a short-term correction. A push above ~5,970–6,000 would reassert upside momentum; failure at this zone and a drop under 5,830 could extend the sell-off toward the 200-Day SMA or deeper weekly supports. Select the risk profile (Aggressive, Moderate, or Conservative) that best fits your trading style and capital preservation goals, and always align position sizing with your maximum risk tolerance.
CAPITALCOM:US500
by EliteMarketAnalysis
SP500 – Holding Above Key Pivot! Breakout or Rejection? SP500 – Key Pivot Zone Holding! What’s Next? 🚀 SP500 is currently stabilizing above the pivot zone (5,960), maintaining a bullish structure. 🔼 Bullish Scenario: As long as 5,960 holds, the market could push toward 5,995 and 6,010. A breakout above 6,010 could extend gains toward 6,031 and higher levels. 🔽 Bearish Scenario: A 4H close below 5,960 may indicate weakness, opening the door for a drop to 5,938 and 5,920. If selling pressure increases, the next major support is around 5,879. 📍 Key Levels to Watch: Pivot Line: 5,960 🔼 Resistance: 5,995 | 6,010 | 6,031 🔽 Support: 5,938 | 5,920 | 5,879 ⚡ Outlook & Trade Plan: The bullish bias remains valid while SP500 trades above 5,960. Watch for a 4H candle close to confirm the next breakout or rejection. A breakout above 6,010 could signal a strong continuation toward 6,031+. ⏳ Stay patient and wait for confirmation before entering trades!
OANDA:SPX500USDLong
by SroshMayi
Possible Bat Forming In my initial mention and entry at the low I posted the Elliot ABC corrective pattern. Then I remembered we live in the age of eternal stop hunting. Upon some further consideration, I suspect if my bear thesis is correct we'll likely see a new high first. Probably the short being 6160. The difference between the ABC and the bat D leg does not matter at this point. Both are strong buys to the retracement levels. Just a heads up because the possible bat pattern changes the way we go about fading the rally (And I will be trying to fade a rally if it comes). At things stand, I suspect 6160 is the destination for SPX. All long stops are in profit now, just waiting to see if we can break up.
SP:SPXLong
by holeyprofit
The stock market is not "Crashing"!I keep hearing people saying the stock market is crashing, a mild pullback is hardly a crash, we are not crashing, at least not yet, and maybe not for an extended period. We use the S&P 500 because it is the best gauge of our markets with the most diverse representation of any of our indices. A short history of the trend of our stock marker since 1992, correlated to presidencies. 1992-1999 Clinton: Stock market transitioned from fairly flat to a steady ascending path, we reduced our yearly deficit 6 years and had a budget surplus 2 years. 2000-2007 George Bush Jr: Descending or neutral trend most of the 8 years, we broke our 15 year ascending trend and started an overall descending trend. Deregulation led to the recession via predatory lending giving Walmart cashiers $300k loans, banks labeling bad debt as Grade A and banks leveraging 80% of all of Americans money on risky investments. 2008 was devastating for the US Stock market. Increased the yearly deficit 6 of 8 years. 2008-2015 Obama: Converted descending trend back to ascending trend and trended up in a tight ascending channel for the rest of his presidency, while implementing an array of regulations to prevent banks from doing this to America again. Decreased the yearly deficit 6 of 8 years. 2016-2020 Trump.v1: Maintained tight ascending channel and broke out of 15 year resistance, introduced a lot of lot of volatility and uncertainty, ultimately ended term with the market on the same trajectory it was when he took office. Diluted all US Dollars by 50%, 25% of the dilution was in 2020, coupled with $3T of quantitative easing in a single year (2020) and more than $2T direct stimulus, this dilution and excessive stimulus during a supply chain crunch directly conveyed into rising inflation the following 2 years. Increased our yearly deficit every year in office. 2021-2024 Biden: Broke out of ascending path to a much steeper and unsustainable ascending path, likely due to all the stimulus pumped into the market in 2020 & 2021. Hard pull back in 2021/2022 as Interest rates were increased to deter spending to reduce interest rates which skyrocketed to 10% in 2021 and was brought back down to just above 2% by 2024. We saw a volatile and sharp ascending channel form. At the end of his term, the market was at top of channel and well above all time highs with some of the most growth in the stock market ever witnessed anywhere on earth, ever, as seen in the charts, nearly doubling the S&P 500 in 4 years, the American economy was booming! Decreased the yearly deficit 2 of 4 years. 2025-2038 Trump.v2: Inherited the market at all time highs on the steepest incline we have witnessed to date, and at a point the market is expected to retract based on the charts. Currently it looks like the S&P could lose 15% or so of its value and still be in our ascending channel of 6 years now. As you can see recent pullbacks don’t even register on a weekly candle. Yes these tariffs and subsequent tariff wars will almost certainly wreak havoc on markets as we already see increase in unemployment, significant drops in consumer confidence, increase in debt ceiling, increase in debt through corporate tax breaks, uptick in inflation and uncertainty in policy but --- we still have a long way to fall before we can call this a bear market or a crash. If we do breakdown from the ascending channel, we can expect the S&P to eye around 3200, or nearly half of its current value. If this administration takes over the federal reserve, they can stimulate the economy to fight the decline and prolong the consequences but those measures will involve further dilution, further debt, further smoke in mirrors, further uncertainty and will likely ignite a ticking time bomb with even greater consequences then outlined here. So in short, stop saying the market is crashing, it is not. But, be vigilant, there is a high probability of short term pullback and a long term crash based on the charts, historical precedence and current administrations activities.
TVC:SPXShort
by EncryptShawn
S&P Retest of IMPORTANT support, The week ahead 03rd March '25 The S&P 500 (US500) index maintains a bullish bias within the broader long-term uptrend. However, recent price action suggests a period of consolidation following the retest of the all-time high on February 19, 2025. The market is currently at a critical juncture, with the 5918 level acting as a key support zone. Bullish Scenario: The 5918 level serves as a newly established support, aligning with the consolidation range and prior resistance. A corrective pullback towards this level, followed by a bullish bounce, could confirm continued upside momentum. Upside targets include: 6000 (50-day moving average) 6055 (20-day moving average) 6100 over the longer term Bearish Scenario: A confirmed loss of 5918 support with a daily close below this level would invalidate the bullish outlook. This could trigger a deeper retracement, exposing the following downside levels: 5854 (next key support) 5800, with a potential extension to 5777 if selling pressure accelerates Market Outlook: The 5918 level remains pivotal—holding above this support sustains the bullish bias, while a decisive break below it signals potential downside continuation. Traders should closely monitor price action and volume around this key level to assess the market’s next move. 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.
TRADENATION:US500
by TradeNation