S&P Futures weekly chart analysis 5-25-25
Overall, a bear trend with a strong reversal, and now a L2 sell signal. The sell
signal is right on the EMA, so a lower probability short for Bears, just like the buy on
the bar of April 28th forced bulls to buy right at the EMA and bears got a scalp down.
Likely that the bar of May 19th will trigger. If bears get a strong follow-through bar, then
expect 2 legs sideways to down. It's more likely to trigger and bounce, leaving the bar on the
Monthly chart a small bear or bull doji.
On this chart, the trap bar below should act as support. Also, typically the end of the month
has a bullish bias to it, while the very first of the month often has a bearish bias.
A better setup for the bears will be a reversal up from here. Bears will sell from higher prices.
Best guess for this week - end up down with a tail, allowing the monthly chart to complete as
expected. After this week, I expect a test up but unlikley to get strong continuation up.
Much more likely that we will test down in the coming weeks. Strong bullish trend continuation
in the coming weeks is not expected. This is a strong bear breakout and now a 3 push retracement
to test the BO levels. Bears will want another leg down from here.
Bottom line - expect last week's sell signal to get trigger and some more down from there, but
buyers below at the trap BO above a bear doji. Lower Pb is directly up from here only to set
up a better sell structure for the bears later in the week.
Overall, a bear trend with a strong reversal, and now a L2 sell signal. The sell
signal is right on the EMA, so a lower probability short for Bears, just like the buy on
the bar of April 28th forced bulls to buy right at the EMA and bears got a scalp down.
Likely that the bar of May 19th will trigger. If bears get a strong follow-through bar, then
expect 2 legs sideways to down. It's more likely to trigger and bounce, leaving the bar on the
Monthly chart a small bear or bull doji.
On this chart, the trap bar below should act as support. Also, typically the end of the month
has a bullish bias to it, while the very first of the month often has a bearish bias.
A better setup for the bears will be a reversal up from here. Bears will sell from higher prices.
Best guess for this week - end up down with a tail, allowing the monthly chart to complete as
expected. After this week, I expect a test up but unlikley to get strong continuation up.
Much more likely that we will test down in the coming weeks. Strong bullish trend continuation
in the coming weeks is not expected. This is a strong bear breakout and now a 3 push retracement
to test the BO levels. Bears will want another leg down from here.
Bottom line - expect last week's sell signal to get trigger and some more down from there, but
buyers below at the trap BO above a bear doji. Lower Pb is directly up from here only to set
up a better sell structure for the bears later in the week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.