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SPX (S&P 500 Index)

S&P500: Neutral on 1D shows enormous upside potential.S&P500 is neutral on its 1D technical outlook (RSI = 53.735, MACD = 16.510, ADX = 17.690) as it just crossed over the 1D MA50 again and after a 1D MA100 rebound remains relatively low inside the Channel Up pattern. The 1D RSI is also bouncing on the S1 level, where the September 6th 2024 bullish wave originated and reached the 1.786 Fibonacci extension. That is an excellent technical level for the next HH (TP = 6,300). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500Long
by InvestingScope
ES Morning Update Feb 5thAfter a noisy start earlier in the week, ES has settled into a consolidation phase. Yesterday’s strategy was simple: as long as 6020 remained intact, 6066 was the target. The market surged to 6066, held throughout the session, and then retraced back to 6020 overnight. As of now: • A reclaim of 6037 should push the market toward 6056, with a brief dip along the way • If this rebound holds, targets are set at 6076 and 6087+ • A leg down is expected only if the price falls below 6004
CME_MINI:ESH2025
by ESMorg
Nightly $SPX / $SPY Scenarios for 2.5.2025🔮 🔮 🌍 Market-Moving News: 📊 Trade Balance: The U.S. trade deficit is expected to widen to $96.50 billion in December, up from $78.20 billion in November. 📈 Key Data Releases: ADP Nonfarm Employment Change (8:15 AM ET): 🏢 Forecast: 148K | Previous: 122K Services PMI (9:45 AM ET): 🏭 Forecast: 52.8 | Previous: 56.8 ISM Non-Manufacturing PMI (10:00 AM ET): 📊 Forecast: 54.2 | Previous: 54.1 💡 Market Scenarios: 📈 GAP ABOVE HPZ: A further gap up will get a rejection below 6032. 📊 OPEN WITHIN EEZ: Slight move higher as a continuation and drop down 1% off the HCZ. 📉 GAP BELOW HCZ: Consolidate lower and pump back higher. 📌 #trading #stockmarket #SPX #SPY #daytrading #charting #trendtao
SP:SPX
by TrendTao
Wall Street Rallies on Trade Optimism: $SPX Performance Wall Street Rallies on Trade Optimism: S&P 500 Performance Update 📈 1/9 The S&P 500 Index ( SP:SPX ) closed higher today, fueled by optimism surrounding U.S.-China trade negotiations. Energy stocks led the charge, driven by rising oil prices and demand forecasts. 🔋📊 2/9 Energy Sector Surge: Energy stocks played a crucial role in today's SPX gains. Rising global demand and oil price increases are sparking investor confidence. 🚀 Is this trend sustainable? 3/9 Trade Optimism: President Trump's decision to delay tariffs on Canada and Mexico boosted sentiment. However, new U.S. tariffs on China and China's retaliatory measures remain key risks. ⚖️ Trade talks are still a tightrope walk. 4/9 Corporate movers today: PepsiCo and Estée Lauder fell after weak earnings forecasts. 📉 Palantir soared on a strong revenue outlook. 📈 Earnings season continues to shape sector performance! 5/9 Investors now await Alphabet's earnings, set to drop after market close. Tech giants like Alphabet can significantly impact SPX momentum in coming sessions. Will it be a bullish or bearish catalyst? 🕰️ 6/9 Economic Context: The SPX's performance today highlights a market adapting to trade uncertainties. Investors are shifting their focus from immediate trade impacts to longer-term prospects. 💡 7/9 Looking Forward: Alphabet's earnings could either reinforce today's rally or inject new volatility into the market. Tech earnings remain a major influence on overall market sentiment. 🧮 8/9 Today's SPX rally is a reminder of the market's sensitivity to macroeconomic factors—trade policy, sector rotation, and earnings expectations are all in play. Are you positioned for these shifts? 📊 9/9 What’s your market outlook for the SPX this week? Vote now! 🗳️ SPX will continue rising 📈 Expect some volatility 🔄 Bearish pullback ahead 📉
TVC:SPXLong
by DCAChampion
ES Morning Update Feb 4thEven as tariff comments continue to drive the market relentlessly, the technical side of things in ES remains razor-sharp. Since Sunday’s open, the target was unmistakable: a gap fill in the 6056-66 range. We reached roughly 6066 by 6pm, filled the gap, and then sold. As of now: • The market is in a phase of complex chop between 6004 and 6066 • 6020 and the recovered 6004 are acting as support • These supports keep 6036, 6058, and 6066+ in play • If the price drops below 6004, initiate selling
CME_MINI:ESH2025
by ESMorg
S&P500 4H Bullish Cross signals rally to 6200.The S&P500 index (SPX) has been consolidating within a Rectangle pattern, which is coming out a MA100/200 Bullish Cross on the 4H time-frame. The identical consoliation phase of July - August 2024 bottomed right after such Bullish Cross and then rebounded towards the 1.382 Fibonacci extension level before pulling back to the 4H MA100 (green trend-line) again. With the 1D MACD about to confirm the bottom with a Bearish Cross similar to September 04 2024, we expect a strong rally to start by the end of the week and target 6200 (just below the 1.382 Fibonacci extension). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:US500Long
by TradingShot
1
Head & Shoulders reversal pattern: AAPL chartBeautiful symmetric reversal Head & Shoulders pattern is in the making. We have three peaks with the highest in between called Head. Left and right peaks are "shoulders". The line between valleys of the Head is called Neckline. This pattern reverses the price course at the climax. Trading technique: Sell entry is triggered on the breakdown of the Neckline Stop loss is at the invalidation point - breakup of the Right Shoulder (red dashed line) Take profit is set at the height of the Head subtracted below Neckline (blue dashed line)
NASDAQ:AAPLEducation
by aibek
Nightly $SPX / $SPY Scenarios for 2.4.2025🔮 📅 Tue, Feb 4 🌎 Market-Moving News: 📢 Tariffs in Focus: 🇺🇸🔁🇨🇦 U.S. imposes 25% tariffs on Canada & Mexico, 10% on China, while Canada retaliates with 25% tariffs on U.S. goods. 🏦 Central Banks: 📉🇪🇺 ECB cuts rates to support growth, while 📈🇯🇵 BOJ hikes rates, signaling diverging global monetary policies. 📊 Key Data Releases: 📉 JOLTS Job Openings (10 AM ET): Forecast 8.68M (Prev. 8.75M) 🏭 Factory Orders (10 AM ET): Forecast +0.2% (Prev. -0.7%) 💡 Market Scenarios: 📈 GAP ABOVE HPZ: Initial push higher before rejecting below 6044, leading to consolidation. 📊 OPEN WITHIN EEZ: Rebound attempt, but potential rejection back into the Equity Equilibrium Zone, causing choppy action. 📉 GAP BELOW HCZ: Early dip, potential bounce, but structure favors continued weakness before stabilization. #trading #stockmarket #SPX #SPY #daytrading #charting #trendtao 🚀
SP:SPXLong
by TrendTao
S&P500 1 month rally ahead. Target 6300.The S&P500 / US500 is trading inside a Channel Up since mid July 2024. Today's downside gap opening tested the 1day MA100 for the 2nd time in 2 weeks and buying pressure immediately kicked in. The 1day MACD pattern is identical to the September 06 2024 1day MA100 rebound. This ended up with a rally to the 1.786 Fibonacci extension. Buy and for the next 30 days at least target 6300 (1.786 Fib). Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:US500Long
by TheCryptagon
Two Daily Gaps attract market for pullbackAlthough S&P500 is within uptrend, recent days has left two clearly visible gaps behind. That means that it is highly possible that SPX will come back to cover those gaps in the near future, before it continue uptrend (if it will). Same picture at NDX chart with two 4H gaps. I take this idea to apply to all markets including crypto. While chances to resume higher timeframe uptrend are valid for Bitcoin, Stock Indices will most probably influence it's short term price action.
TVC:SPX
by WiseAnalyze
Markets Meltdown - Trade War Fallout BeginsMarkets Meltdown - Trade War Fallout Begins? | SPX Market Analysis 3 Feb 2025 Ahoy there Trader! ‍‍⚓️ It’s Phil… Markets are waking up in full meltdown mode, all thanks to weekend tariff mayhem and rising tensions throwing a wrench into global trade. SPX futures are deep in the red, but that’s not necessarily bad news if you’re positioned right! With bear swings already paying out big and bull swings needing some management, the real question is—do we get follow-through selling, or is this just another knee-jerk overreaction? Let's dig in! SPX Deeper Dive Analysis: 🔥 Trade War Whiplash Hits Markets Hard The overnight futures carnage was triggered by new tariff disruptions, retaliatory measures, and escalating trade war tensions—all set to take effect on Tuesday. The global market reaction was swift and brutal. SPX Futures: Hit a low of -120 points before bouncing to -80 points (-1.3%). Similar Pattern to Last Monday: Another huge gap down breaking out of last week’s range. Bearish Follow-Through or Bullish Bounce? Watching for a continuation lower or a bounce. 💰 Trade Plan: Profits on Bear Swings, Managing the Bullish Side Friday’s range reversal gave us an edge before the market even opened: ✅ Bear swings from Friday = Near-maximum gains at the open. ✅ Rolling the bull swing may be required—assessing once we see price action. ✅ Large gap downs = Risky entries—patience required before placing fresh trades. ⏳ Key Levels to Watch 📌 Gap Fill Potential: Do we snap back into the prior range or confirm a deeper decline? 📌 Early Flush or Fakeout Rally? Let the first 30-60 minutes set the tone before making big moves. 📌 Fast Forward Group Call Strategy: Real-time assessment of market direction at the open. For now, the plan is patience and precision—we wait for confirmation before making the next move. Fun Fact: 📉 The Worst Market Drop from Tariff Wars? In 1930, the Smoot-Hawley Tariff Act triggered a global trade collapse, slashing world exports by 66% and worsening the Great Depression. Lesson Learned? Tariffs are rarely good news for markets. Every major tariff war in history has caused volatility, market corrections, or outright crashes. Whether today’s chaos is temporary or the start of something bigger remains to be seen! Happy trading, Phil Less Brain More Gain …and may your trades be smoother than a cashmere codpiece
SP:SPXShort
by MrPhilNewton
SPX: spooky words “DeepSeek” and “tariffs”It was a shaky week on the US equity markets, which included a lot of news. The week started with shocking news that a Chinese, a $6 million start-up company overtook the AI market with its program DeepSeek. As per news, the program was superior to the ChatGPT and swiftly took the first place at the Apple store in terms of downloads. No need to say that it was quite painful for the price of Nvidia shares, which tumbled immediately, ending the week at 16% loss. The next important event during the week was the FOMC meeting and rate decision. The Fed decided to leave interest rates unchanged, as was expected by the market. And the minute investors thought that the rest of the week would be calm, the next news came from the new US Administration, that the US will impose trade tariffs for goods imported from Canada, Mexico and China. The tariffs will be applied from Saturday, while markets had a strong negative reaction on Friday's trading session. During the week the S&P 500 was traded in a mixed manner, considering a bunch of significant news. Although the index tried to reconcile during the week, from its starting point at 5.970, it is ending the week at the level of 6.040, after reaching the highest weekly level at 6.115. Certainly, there is the weekly gain, however, what is actual investor sentiment regarding the tariffs will be seen at the beginning of the week ahead. For the moment, investors are still optimistic with respect to tech equities. If we exclude the “out of nowhere” shock related to DeepSeek, investors are waiting with anticipation for the quarterly results of Nvidia. Apple posted relatively solid results during the previous week. Although the sale of IPhones is not doing quite well, still, Apple is able to cover the decrease in sales with an increase of income from services. Amazon and Google are also posting results in the week ahead. With nonfarm payrolls scheduled for a release, it is a promise of another challenging week on financial markets.
SP:SPX
by XBTFX
Market Reversal or Just a Pause? PEPSI Faces a Pivotal MomentIs PEP Ready for a Breakout or a Breakdown? NASDAQ-PEP finds itself at a crossroads, trading at $150.39, nearly 24% below its all-time high of $196.88 from May 2023. However, recent price action suggests that volatility is brewing. The stock has rebounded 6.2% from its absolute low of $141.51, recorded just 24 days ago, and is now hovering near key technical levels. The 50-hour moving average (MA50) at $151.06 and 100-hour moving average (MA100) at $150.93 indicate that PEP is struggling to maintain upside momentum. Additionally, the RSI14 is at 39.18, signaling that the stock is nearing oversold conditions—historically a zone where buyers start stepping in. Adding to the intrigue, a Buy Volumes Takeover pattern appeared on January 31, with an attempted push higher, but the main directional force remained bearish. Will buyers finally overpower the downtrend, or is this just another false hope before a deeper correction? With resistance looming at $155.94, PEP needs a convincing breakout. Failure to reclaim this level could expose it to renewed selling pressure, possibly retesting lower supports at $149.14 and $146.45. The question remains: Is this the last chance to catch an uptrend before PEP slips further? Stay tuned for the next move! NASDAQ-PEP: Pattern Roadmap – The Market’s Hidden Clues The market never moves randomly—every candle tells a story. Let’s break down the latest sequence of patterns that shaped NASDAQ-PEP’s price action and see which signals traders should have paid attention to. January 27 - Buy Volumes Surge, Bulls Step In Opening at $152.26 and closing at $153.57, PEP flashed an Increased Buy Volumes pattern, hinting at a bullish move. The next step? Confirmation was needed—would price hold above its recent lows and push higher? January 28 - Bearish Shift as Sellers Dominate Just a day later, the script flipped. A Sell Volumes Max pattern took over, pulling PEP down from $150.6 to $150.19. The abrupt reversal signaled a shakeout—weak longs got trapped. January 29 - VSA Buy Pattern Brings the Bounce The bulls fought back, forming a VSA Manipulation Buy Pattern. With a low of $150.23 and a push to $150.95, this setup hinted at smart money stepping in. The key was the low of the last three bars—a crucial trigger point for future movement. January 30 - VSA Sell Triggers a Deeper Drop Despite the previous day’s rally, VSA Manipulation Sell Pattern 2nd took control, closing at $152.01 from an open of $152.37. This was a textbook trap—prices moved up, only to be swept back down. January 31 - Buy Volumes Takeover, Bulls Reload After the prior day’s bearish push, another Buy Volumes Takeover emerged, attempting to shift control back to buyers. The range tightened, but was this a real reversal or another bull trap? The roadmap shows a clear battle between buyers and sellers, with rapid shifts in direction. The market is at a tipping point—will bulls finally regain control, or is another sell-off looming? Stay locked in. Technical & Price Action Analysis: Key Levels to Watch Every market move is a test—either levels hold, or they flip into resistance. Here’s where the real game is played: Support Levels: $149.14 – First demand zone. If buyers step in, expect a bounce. If not, it flips into resistance, trapping late longs. $146.45 – The make-or-break level. A failure here could open the door for a deeper dive. Resistance Levels: $155.94 – First wall for bulls. Needs a solid breakout to confirm upside momentum. $163.18 - $165.15 – Heavy supply zone. If price stalls here, shorts will pile in. $168.7 - $170.83 – Stronger hands waiting to offload. Only a clean breakout can shift momentum. Powerful Support Levels: $169.2 – If price ever reclaims this, the game changes completely. $196.57 – The final boss level. Levels are only as strong as their reaction. If support fails, these same levels will act as magnets for sellers, creating resistance on any pullbacks. Stay sharp—this is where the market traps traders. Trading Strategies with Rays: Precision Entry & Exit Points The market moves through a dynamic structure of Fibonacci-based rays, where each interaction defines the next move. These rays, combined with VSA (Volume Spread Analysis) levels, create a predictive map—guiding trades from one ray to the next. Optimistic Scenario: Bullish Ray Interaction If price interacts with the $149.14 support level and shows buying volume confirmation, we look for a move toward the next ray. The key signals: Moving averages (MA50 at $151.06, MA100 at $150.93) aligning with price movement. First target: $155.94 – the first strong resistance where sellers may emerge. Second target: $163.18 - $165.15 – a breakout here signals trend continuation. Third target: $168.7 - $170.83 – a full bullish scenario unfolding. Pessimistic Scenario: Bearish Breakdown Below Support If price fails to hold $149.14 and sellers take control, we pivot to a short strategy: Price confirms a breakdown below $146.45, signaling further weakness. First target: $141.51 – the previous absolute low, critical for buyers to step in. Second target: New breakdown structure, where price searches for fresh demand zones. Key Trade Setups Based on Ray Interactions Bounce Long from $149.14 → Target $155.94: If price interacts with the ray and moving averages turn upward, this trade has strong risk-reward potential. Breakout Trade Above $155.94 → Target $163.18: Needs clear volume confirmation—watch for aggressive buy-side flows. Short Below $146.45 → Target $141.51: A clean break and close under this level confirms bearish sentiment. Every move starts with interaction with a ray, and the price will continue from one ray to the next—that’s the core principle. The market map is set—are you ready to play it? Your Move – Let’s Talk Trading! Markets don’t lie—price respects structure, and now you’ve got the map. Check back later to see how price follows these rays and levels—because that’s the key to understanding real trading setups. Got questions? Drop them in the comments! Let’s discuss the setups, confirm levels, and make sure everyone gets clarity. If this analysis helped you, hit Boost and save it—you’ll want to revisit this as price plays out. My ray-based strategy maps everything automatically, but it’s available only in Private. If you’re interested in using it, DM me—I’ll explain how to get access. Need analysis on a specific asset? I can chart anything. Some ideas I post publicly, others we can discuss privately if you want exclusivity. Just let me know what you need. And if you want more high-precision market breakdowns, follow me here on TradingView—this is where I drop all the insights. Let’s trade smarter together! 🚀
NASDAQ:PEPShort
by brandlabelden
IDXX: The Market Is at a Crossroads—Breakout or Breakdown?Is This the Moment to Act? The stock of IDEXX Laboratories (NASDAQ: IDXX) is hovering at a critical juncture, trading at $422.05, a 27.7% drop from its all-time high of $583.39. At first glance, the recent movement seems like a mere consolidation, but beneath the surface, an intense battle is unfolding between buyers and sellers. Technicals reveal a brewing storm—the RSI at 46.35 suggests neutrality, but Money Flow Index (MFI) at 39.98 leans toward weakness. The 50-day moving average (MA50) at 422.3 is a stone’s throw away from the current price, indicating the market is watching for confirmation. Meanwhile, resistance at $424.53 is just within reach—if bulls take charge, this could be the first signal of a short-term breakout. But wait—there’s a catch. Recent candle patterns indicate increased sell volumes, a classic warning sign of potential downside risks. The last major sell pattern on January 31 showed a sharp rejection at $424.43, and unless we see strong volume buyers stepping in, the risk of slipping toward support at $402 remains high. Where Are We Headed? With IDXX standing on this thin line, the market is asking: Is this the moment to position for a reversal, or are we bracing for a deeper correction? Traders and investors should be watching for a decisive break above $424.53 or a failure to hold support levels. This could be the last chance before a major move—are you ready? NASDAQ-IDXX: Roadmap of Market Moves – The Battle of Bulls and Bears A roadmap in trading isn’t just a sequence of events—it’s a story of market psychology, where each pattern leaves a footprint on the battlefield of buyers and sellers. Here’s the real flow of price action for NASDAQ-IDXX, based purely on patterns that confirmed their direction. The Bulls Charge – But Can They Hold the Line? January 27, 20:00 UTC – Buy Volumes Max The market roared with an increased buy volume, opening at $426.77 and closing higher at $427.23. This signaled an attempt by bulls to break through resistance. However, there was a looming challenge: resistance levels ahead had to be cleared for real momentum. January 28, 15:00 UTC – Another Bullish Wave Buyers doubled down, pushing the price from an open of $416.11 to a close of $421.37. This further confirmed bullish control, and the pattern movement of 12.52% showed serious strength. The trigger worked—the price moved up in line with the bullish pattern's prediction. The Tide Turns – Sellers Strike Back January 31, 20:00 UTC – Sell Volumes Max Just when it seemed like bulls had control, sellers stepped in aggressively. The price peaked at $424.43, only to close lower at $421.69. This was a warning shot—bears were waiting at resistance, and the volume shift suggested an impending reversal. February 1 – The Market Faces a Crossroad If buyers can reclaim the $424.53 resistance, momentum might continue. But if sellers push below $420, the next stop could be the $402 support. This is the make-or-break zone—who wins this battle will dictate the next big move. What’s Next? NASDAQ-IDXX is at a decision point—does it continue the rally or give way to bearish pressure? Keep your eyes on the next volume shifts. The market has shown its hand, but the final move is still in play. Technical & Price Action Analysis Support Levels: 402 – key support; if broken, opens the door to 388.76 388.76 – potential bounce zone, but if lost, it flips into resistance 368.57 – deeper retest area; a breakdown strengthens bearish pressure 334.33 – last line of defense for the bulls Resistance Levels: 424.53 – seller zone; a breakout could open the path to 442.86 442.86 – testing this level will decide the next move 454.52 – holding above could trigger further upside momentum 474.54 – critical breakout level for a stronger rally Powerful Support Levels: 449.01 – strong demand zone; failure to hold flips it into resistance 458.67 – key structural support, breaking below turns it into a ceiling 466.6 – battle zone for buyers; a break here gives sellers full control 489.56 – ultimate test before entering deeper correction territory 523.81 – major historical support, but if lost, expect a trend shift Powerful Resistance Levels: 370.92 – if broken, will act as a support zone for future price action If these levels fail to hold, expect them to flip into resistance, setting the stage for a trend shift. Keep an eye on volume confirmation before committing to a directional bias. Trading Strategies Based on Rays Concept of Rays The VSA Rays system is built on Fibonacci mathematical and geometric principles, dynamically adapting to market movements. These rays serve as key zones for price interaction, signaling either a reversal or continuation. Instead of predicting exact levels, the method allows us to analyze probabilities of reaction, ensuring trades are executed only after interaction with a ray and confirmation from dynamic factors such as VSA volume shifts and moving averages (MA50, MA100, MA200, MA233). Price action will move from one ray to another, providing clear trade objectives with defined risk and reward. Optimistic Scenario (Bullish Setup) Entry: After a confirmed bounce from the 402 support level or the 50-day MA at 422.3, aligning with an ascending Fibonacci ray First Target: 424.53 – local resistance and key interaction level Second Target: 442.86 – major resistance where sellers may step in Third Target: 454.52 – breakout confirmation level for further momentum Pessimistic Scenario (Bearish Setup) Entry: After rejection from 424.53 resistance or failure to hold above 422.3 (MA50) First Target: 402 – nearest liquidity zone Second Target: 388.76 – secondary structure support Third Target: 368.57 – deep retracement zone, possible reversal point Trade Ideas Based on Key Levels & Rays Buy from 402 → Target 424.53 → Extended to 442.86 (if volume confirms) Sell from 424.53 → Target 402 → Extended to 388.76 (if rejection is strong) Breakout Buy above 424.53 → Target 442.86 → Extended to 454.52 Breakdown Sell below 402 → Target 388.76 → Extended to 368.57 Each trade should be confirmed by price action and volume interaction with rays, ensuring strong confluence before taking a position. The movement will continue from ray to ray, allowing traders to adjust their targets dynamically. Your Move, Traders! Markets are always in motion, but the key is understanding where and when to take action. If you found this analysis useful, make sure to hit Boost and save this idea—watch how price respects the levels and rays over time. Trading isn’t just about reacting; it’s about learning to anticipate. Got questions? Drop them in the comments! I always check feedback and will gladly discuss setups, confirm key levels, or refine targets based on new data. I use a private indicator that automatically maps all rays and levels in real-time—if you’re interested in using it, send me a direct message. Need an analysis for a different asset? Let’s talk! I can provide public breakdowns or work on private requests if you prefer to keep your strategy to yourself. The rays work across all markets, so whether it's stocks, crypto, or forex, I can map out the movement for you. If you want a custom markup, just Boost this post and comment with the ticker—I’ll add it to my list and share insights as soon as possible. And most importantly—follow me here on TradingView so you never miss the next big setup. The best trades start with the right plan! 🚀
NASDAQ:IDXXLong
by brandlabelden
Nightly $SPX / $SPY Scenarios for 2.3.2025🔮 📅 Mon, Feb 3 ⏰ 10:00 AM ET 📊 ISM Manufacturing PMI Previous: 49.3 Forecast: 49.2 💡 Market Scenarios: 📈 GAP ABOVE HPZ:A further gap up would lead to it holding for a little, then chopping near the EEZ. 📊 OPEN WITHIN EEZ:Breakout to the EEZ, make a higher push, and round out the top. 📉 GAP BELOW HCZ:Due to the ongoing momentum, we will get a slight recovery but still drop and chop back down into the lower range. #trading #stock #stockmarket #today #daytrading #charting #trendtao
SP:SPX
by TrendTao