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SPX (S&P 500 Index)

SPx (JOB OPPERTIOUNITIES) Strong Volatile Technical Analysis of SPx The price dropped from the price we mentioned in the previous idea and already stabilized under the support line which is 5260, so it is possible to touch 5226 and 5193 as well, Bearish Scenario: As long as the price remains below 5260, it is likely to decline towards 5226. Bullish Scenario: For a bullish trend to emerge, the price must stabilize above 5260, potentially pushing up to 5302. If the price surpasses this level, it may indicate the start of a new bullish trend of about 5347. Pivot Line: 5260 Resistance Levels: 5301, 5321, 5350 Support Levels: 5226, 5193, 5170 Today’s expected trading range is between the support at 5193 and the resistance at 5320.
OANDA:SPX500USD
by SroshMayi
SPX Short Term Bearish: RSI Divergence, Doji, Hindenburg OmenThe S&P500 looks bearish in the short term. There is a bearish RSI divergence in the weekly and daily chart, with price increasing and RSI decreasing. The weekly momentum is slowing down. The weekly doji candle on 20 May can indicate a local top and the beginning of a short-term correction. The triggering of the Hindenburg Omen and Titanic Syndrome signifies increased risk in the markets. The expected rate cuts in 2024 can cause the market to have a short-term negative reaction, as happened before by 35% around the 2019 Fed Pivot, 58% in 2007 and 51% in 2000. According to the CME FedWatch tool, there is currently an 18.5% probability of a rate cut at the 31 July FOMC meeting and a 65.7% probability at the 18 September meeting. The closing below the 21W EMA can act as confirmation. A potential bottom can be a wick towards the future 200W EMA at around $4350, but the correction might not be as significant. A long term bullish perspective remains, with a potential significant uptrend starting in November - December 2024 due to rate cuts and increased liquidity. Not financial advice, do your own research, do not take any actions based on this idea.
SP:SPX
by dumcom
SPx-Stocks Set to Open Higher on Rate Cut Bets and Key Jobs DataStocks Poised to Open Higher Amid Increased Rate Cut Bets and Key U.S. Jobs Data U.S. rate futures indicate a 0.1% chance of a 25 basis point rate cut at the Fed’s monetary policy meeting later this month and a 14.5% probability of a 25 basis point rate cut at the July meeting. The highlight of the upcoming week will be the U.S. Nonfarm Payrolls report for May. Additionally, market participants will be closely monitoring other economic data releases, including U.S. JOLTs Job Openings, Factory Orders, ADP Nonfarm Employment Change, S&P Global Composite PMI, S&P Global Services PMI, ISM Non-Manufacturing PMI, Crude Oil Inventories, Exports, Imports, Initial Jobless Claims, Nonfarm Productivity, Unit Labor Costs, Average Hourly Earnings, Wholesale Inventories, and the Unemployment Rate. Technical Analysis of SPx The price is likely to attempt to reach 5306, after which it is expected to follow a bearish trend towards 5260. Overall, the price is anticipated to consolidate between 5306 and 5261 until a breakout occurs. Bearish Scenario: If the price remains below 5306, it is likely to decline towards 5260. Bullish Scenario: For a bullish trend to emerge, the price must stabilize above 5320, potentially pushing up to 5347. If the price surpasses this level, it may indicate the start of a new bullish trend with further gains. Pivot Line: 5305 Resistance Levels: 5320, 5347, 5390 Support Levels: 5260, 5226, 5193 Today’s expected trading range is between the support at 5260 and the resistance at 5320.
OANDA:SPX500USDShort
by SroshMayi
SPX500 daily is close to charting a swing low.Friday's candle was a strong blue candle that has potentially charted the lowest low in a three candle cluster. If today's candle closes above Fridays' high then it will be bullish with a potential swing low locked in. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com) : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com) : Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:SPX500Long
by FXCM
$BOTZ Robotics and A.I. ETF – Double Top or Shakeout?Looking at this weekly chart NASDAQ:BOTZ has made a series of higher highs and higher lows, the definition of an uptrend. It did, however, fail to make a higher high in the last few weeks. The question is, is this an indication of a double top and ready for more downside or is it just a shakeout waiting to resume the uptrend? I do not know the answer. I do like that it has been pulling back on light volume (no rush for the doors) and it just finished a 3 Weeks-Tight pattern. (If you look at the chart these are automatically calculated by the charting tool I am using and are marked with a white bar.) Looking back, you can see not all 3 Weeks-Tight lead to an uptrend. However, most of them do, so that is an edge, not a guarantee. I do not like shorting stocks, so I look for edges to go long. It seems to me that continuing the uptrend is the path of least resistance. I have set an alert at $31.02 which was Friday, May 31 high that went just over Thursday, May 30 high of 30.99. This is a weekly chart so you cannot see those candles, if you look you will see that Friday’s candle looks to be a price rejection to the downside. Should my alert trigger, I will look to go long with a stop just under Friday’s low of 30.35. And as always situational awareness is important to any trade. The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
NASDAQ:BOTZLong
by jaxdog
Top Earnings Growers in the S&P 500 Energy SectorFastest Earnings Growers in the S&P 500 Energy Sector Nearly half the companies in the S&P 500 energy sector are expected to achieve double-digit annual earnings growth. Updated : ConocoPhillips announced its acquisition of Marathon Oil Corp. on Wednesday. Energy stocks are currently undervalued relative to expected earnings, even though the sector has been the best performer in the S&P 500 over the past three years. Last month, we examined all 23 stocks in the S&P 500 energy sector for their returns on invested capital over the previous three years. With Exxon Mobil's recent acquisition of Pioneer Natural Resources on May 3, the sector now comprises 22 stocks. Further consolidation is underway, with ConocoPhillips agreeing to acquire Marathon Oil Corp., and Hess Corp. set to be acquired by Chevron Corp. in a $53 billion deal. Sector Valuations and Growth Rates The energy sector remains the least expensive of the 11 S&P 500 sectors, despite its high three-year total return. However, it has the worst 10-year return, reflecting the oil price crash from mid-2014 to early 2016 and investor reluctance to re-engage with the sector. Chip Stocks Dominate S&P 500 for the First Time Chip stocks have surpassed software stocks to hold the largest sector weighting in the S&P 500, reflecting optimism about the semiconductor sector's financial prospects due to artificial intelligence advancements and concerns over budget pressures in the software industry. Strategas strategist Todd Sohn noted that the chip sector's 11% weight in the S&P 500 marked a new high, up from just 2% in early 2014. The combined weight of the top five sectors reached 27%, the highest in 44 years of data. Conversely, the software sector faces challenges, with Mizuho analyst Jordan Klein highlighting delayed deals and cautious spending due to the macroeconomic climate. Salesforce Inc. exemplified these issues, with its stock plummeting after management reduced its forecast and discussed budget scrutiny. Technically analyse:
OANDA:SPX500USDShort
by SroshMayi
SPx (US Futures Dip Ahead of PCE Data with Technical) US Futures Dip Ahead of PCE Data US stock futures edged lower on Friday as investors braced for the April PCE price index report, the Federal Reserve's preferred inflation gauge. Technical Analyse: The price dropped by approximately 0.27% from yesterday and reached our target, as mentioned in the previous analysis. For today, the price is expected to move between 5240 and 5220 until a breakout occurs. Bearish pressure remains , and stability below 5220 will likely support a further decline to 5192, with 5168 as the next target. Conversely, stability above 5240 will suggest an attempt to reach 5260. Pivot Line: 5226 Resistance Levels: 5260, 5284, 5320 Support Levels: 5193, 5168, 5114 Today’s expected trading range is between the support at 5168 and the resistance at 5262. previous idea:
OANDA:SPX500USDShort
by SroshMayi
S&P stalls in indecision; still bullishLast week was marked with indecision. Market was moving in a narrow range while Buyers were waiting for FOMC ad NVDIA’s earnings. After receiving positive confirmation (FOMC neutral, earnings good) market tried to go higher but found no support from large players. Sellers took advantage of the weakness and dropped price, clearing many weak longs established in the previous 5 days. It was a strong move but for some reason sellers lacked conviction to go lower. Price pivoted after filling the gap from Wednesday 15th and went back into the balance zone ( 527.5-531.5 ). We should expect more pushes and pulls in the short term while market is fishing for new information. To confirm their control buyers must clear last week high ( 533 ) and build value above it. Bears’ objective is to break last week low ( 525 ). Until it happens the most likely scenario is bracketing within last week range. It is important to note that while short term direction is unclear, we are still in weekly uptrend. So bears must work twice hard to prove their strength Disclaimer I don't give trading or investing advice, just sharing my thoughts.
AMEX:SPY
by hermes_trisme
1
S&P500: Don't expect any sizeable correction any time soon.The S&P500 index is on very healthy bullish levels on the 1D timeframe (RSI = 63.385, MACD = 146.190, ADX = 48.596) showcasing in the best possible way the bullish bias of the long term trend and pattern, which is a Channel Up. This month's pullback is perhaps the best buy entry we can have as in relative terms based on the 1W CCI, the index is printing a consolidation phase similar to August-October 2020. As long as the 1W MA50 is in support, we expect the Channel Up to gradually rise in the same manner as then and by early 2025 possibly hit the 1.618 Fibonacci extension (TP = 6,800). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:SPXLong
by InvestingScope
TRUMP vs BIDEN : These 7 Charts Reveal AllThese charts will point out not only the difference between 4 year terms, but also the effect of the worldwide Coronavirus on different sectors. Just so you know, I am not advising for or against either candidate solely on what they could do or have done for a certain industry. Instead, this post aims to inform and point out the market's response during each Presidential period. It's also important to consider the effect of Covid (marked by the purple line). 1) DXY / TVC:DXY The U.S. dollar index (USDX) is a measure of the U.S. dollar's value relative to the majority of its most significant trading partners, including the Euro (constituting 57.6% of the weighting), Japanese Yen (13.6%), British Pound (11.9%), Canadian Dollar (9.1%), Swedish Krona (4.2%) and Swiss Franc (3.6%). Under President Trump, the DXY fell 14% the moment he took office. The DXY then recovered the 14% over the next two years, but dropped again as the Coronavirus crisis was declared a global pandemic in May 2020. Under President Biden, the DXY rose from post-covid lows by 27%, then retraced 12% unto where it is now trading steadily. I'll use the following chart below as a reference to how we will be measuring (the difference between inherited point to exit, as seen by the measuring tool). Change from inherited point to exit: TRUMP: -13% BIDEN (inherited point to current) : +19% 2) Consumer Confidence Index / ECONOMICS:USCCI This Index index measures Americans' assessment of current economic conditions and their outlook for the next six months. The consumer confidence remained fairly stable under Trump, but fell drastically with the announcement of the Covid pandemic. Biden inherited a declining consumer confidence, but the CCI managed to recover with 57.6% after hitting the lowest lows during the midst of the Coronavirus pandemic. The CCI has not been able to recover to pre-covid highs, showing that consumers are not yet comfortable with the current state of economic affairs. Change from inherited point to exit: TRUMP: -19.5% BIDEN (inherited point to current) : -2.4% 3) Inflation / ECONOMICS:USIRYY Initially the inflation rate was fairly stable under Trump, and then started to fall drastically, dropping -95%... until Covid. Since Biden took office, the inflation rate increased by 550%, but managed to drop back down by 62% after peaking during covid. Change from inherited point to exit: TRUMP: -44.8% BIDEN (inherited point to current) : +141% 4) S&P 500 / SP:SPX Trump talked-up the stockmarket as a measure of his presidency when he was in office. (Not that the SPX is something presidents have much control over, but let's take a look at it anyway). The s&p 500 index of big American firms is higher since Biden took office, but it rose twice as much during Trump’s first 1,000 days in office. Change from inherited point to exit: TRUMP: +63% BIDEN (inherited point to current) : +40.8% 5) United States Employment Rate / ECONOMICS:USEMR In United States, the employment rate measures the number of people who have a job as a percentage of the working age population. The USEMR was increasing steadily up to 2% when Covid hit. Under the Biden administration, unlike many European countries, America decided to give money to workers, rather than pay companies to keep people in employment. The share in work fell, but America’s economy bounced back more quickly than Europe’s. Biden administration takes credit for a 4.8% increase since taking office. Change from inherited point to exit: TRUMP: -14.5% BIDEN (inherited point to current) : +4.8% 6) Unemployment Rate / FRED:UNRATE Trump inherited a steadily decreasing unemployment rate from the Obama administration. The UNRATE continued to drop until -25.8% after which, again, covid. It is true that the Biden administration inherited a tough one here, and there has been a 15% increase after bottoming out during April 2023. Unfortunately, this chart seems to be steadily increasing. Change from inherited point to exit: TRUMP: +36.4% BIDEN (inherited point to current) : -39% 7) Money Supply / ECONOMICS:USM2 US M2 refers to the measure of money supply that includes financial assets held mainly by households such as savings deposits, time deposits, and balances in retail money market mutual funds, in addition to more readily-available liquid financial assets as defined by the M1 measure of money, such as currency, traveler's checks, demand deposits, and other checkable deposits. Historically, when the money supply dramatically increased in global economies, there would be a following dramatic increase in prices of goods and services, which would then follow monetary policy with the aim to maintain inflation levels low. Trump administration inherited a steeply increasing supply which kept increasing rapidly. Currently, under the Biden administration, the M2 seems to be moving towards an equilibrium. Change from inherited point to exit: TRUMP: +45% BIDEN (inherited point to current) : +7.7% ______________________ Note that these are not THE ONLY charts we can look at. In fact, I encourage you to post yours below! Which other measures are you looking at? Treasury, perhaps Bonds? Feel free to share them and lets compare!
TVC:DXY
by CryptoCheck-
6
$TAN Solar Starting to Shine?AMEX:TAN ETF looks like it has started a nice move. I got in on this one May 9th as it broke above the downtrend line for the second time since the gap up May 3rd. It came close to stopping me out on May 21st, but it held above my stop. I was rewarded on May 22nd with a massive volume surge, due in part by the big move on $FSLR. It looks to me to be at an area that may prove to be resistance. I am expecting some consolidation here (just because I expect it, doesn’t mean it will happen). If it can consolidate a bit and then break above that area, I will look to add to this position. I have a two-thirds size now. I think it can run to the $54 area from here. All TBD. The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
AMEX:TANLong
by jaxdog
SPX500 support needs to be monitoredThe SPX500 is still reeling from the sell-down last Thursday. There is a lower peak followed by a lower trough, but the index is at important support. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com) : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com) : Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:SPX500Long
by FXCM
SPx (Affect of GDP...)Technical analysis of SPx The price dropped from its resistance line at 5320 and is now consolidating between 5266 and 5226. Today, we anticipate significant market volatility with the GDP results expected at 1.2%. The price will likely touch 5266 before dropping towards 5226. If the price stabilizes below 5226, it will support a further decline towards 5192, entering a bearish territory. Conversely, breaking above 5266 will support a rise towards 5300 and 5320. Pivot Line: 5266 Resistance Levels: 5285, 5305, 5325 Support Levels: 5226, 5193, 5160 Today’s expected trading range is between the support at 5192 and the resistance at 5266. previous idea:
OANDA:SPX500USD
by SroshMayi
SPx (Another Bear will come...)SPx New Forecast The price of the S&P 500 reversed from its support line at 5266 and can now reach the resistance line at approximately 5305, with the potential to touch 5320 as well. If the price remains below 5305 and 5320, it will likely fall back to the support line at 5266. Breaking this level could extend the bearish trend towards 5226. Pivot Line: 5305 Resistance Levels: 5325, 5350, 5400 Support Levels: 5266, 5227, 5193 Today’s expected trading range is between the support 5266 and the resistance 5325.
OANDA:SPX500USDShort
by SroshMayi
S&P 500 Tests 5,300 as Inflation Eases, Fed Policy in FocusThe market remains cautiously optimistic as the S&P 500 tests the 5300 resistance level. The deceleration in inflation is promising, yet the Federal Reserve's future monetary policy remains uncertain. Investors should stay vigilant, monitoring economic data and Fed communications to navigate potential volatility and capitalize on market opportunities. * S&P 500 at Resistance: The index tests 5,300 amid recent inflation data. * Inflation Slowdown: Core CPI rose just 0.3% in April, the slowest pace in 3 years. This boosted stocks, with the S&P 500 reaching a new high. * Fed Policy: The Fed may hold steady on rates in the near term, but a September cut is increasingly likely if inflation continues to moderate. * Key Upcoming Data: The PCE price index (will released this week) and future inflation reports will be crucial for gauging the Fed's policy stance. * Market Outlook: Cautious optimism prevails as investors weigh the inflation slowdown and potential Fed actions.
CBOE:SPXLong
by signalmastermind
S&P500 Buy opportunity on 4H.The S&P500 index is recovering from the last Higher Low at the bottom of the Channel Up, which even broke below the 4H MA50 (blue trend-line) last Thursday for the first time since May 02. The 4H MACD is forming the first Bullish Cross since that very same date, which was also a recovery sequence after a bottom on the Channel Up pattern. Having also breached into the Ichimoku Cloud and rebounded, we expect a similar short-term rally towards the top (Higher Highs trend-line) of the Channel Up. That rally's first stop was on the 1.618 Fibonacci extension. As a result, our current Target is 5400 (marginally below the 1.618 Fib). ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Long
by TradingShot