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SPX (S&P 500 Index)

SPx, Bearish Area in correction caseS&P 500 Analysis: Bearish Area in correction case The SPx corrected the price to their resistance of 5460 and as long as under 5460 means falling to get 5409, so still running and consolidating between 5460 and 5409. Bullish Scenario: the price should reverse and stabilize above 5460 to a bullish trend toward 5491 and 5525 **Bearish Scenario:** The price will continue their dropping to reach 5409 and then should stabilize below that to be a downtrend till 5372 and 5346 Key Levels: - Pivot Line: 5460 - Resistance Levels: 5490, 5525, 5512 - Support Levels: 5409, 5372, 5346 Today's Expected Trading Range: The expected trading range is between the resistance at 5491 and the support at 5372.
OANDA:SPX500USDShort
by SroshMayi
S&P500 Bottom of the 8-month Channel. Strong buy signal.The S&P50 index (SPX) broke on Wednesday below its 1D MA50 (blue trend-line) for the first time since May 06 and yesterday touched the bottom of the 8-month Channel Up pattern that started after the October 27 2024 market Low. Technically we are on the most optimal buy level on the medium-term and this is possibly the reason that the day has started on a bullish note. The 1D RSI is at the same time at 40.00 for the first time in 3 months, so slightly into the long-term Buy Zone. As long as the 1D MA100 (green trend-line) holds, we will be bullish, targeting 6200 (below a the +28.56% mark, which was the % rise of the previous Bullish Leg). If the price breaks below the 1D MA100, we will short up to the 1D MA200 (orange trend-line) where we will buy again heavily for the long-term (same Target). ------------------------------------------------------------------------------- ** 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
2
Deckers Outdoor Corp. The Epic Bullish BreakthroughShares of Hoka-owner Deckers Outdoor rose in after-hours trading Thursday after the company handily beat Wall Street expectations in its fiscal fourth quarter. The stock was recently up 9.4% to $990, following a 1.3% rise at the close. Shares are up about 35% this year as of the close. The Goleta, Calif.-based shoe and apparel company, which also owns the Ugg and Teva brands, said its sales rose 21% to $959.8 million, ahead of the $888.5 million expected by analysts polled by FactSet. Hoka brand sales were up 34% and Ugg rose 15%. Teva brand sales fell 16%. The company posted a profit of $127.5 million, or $4.95 a share, in the three months ended March 31, compared with a profit of $91.8 million, or $3.46 a share, a year earlier. Analysts polled by FactSet expected a per-share profit of $3.10. Deckers expects revenue to increase about 10% to $4.7 billion in the fiscal year ending March 31, 2025. The company expects $29.50 to $30 in per-share earnings for the period, compared with the $30.74 a share expected by analysts polled by FactSet. Technical graph indicates on strong Bullish momentum in Deckers (DECK) shares, that based on my expectations is able to deliver stocks up to $1400 per share.
NYSE:DECK
by Pandorra
S&P dragged down by US politicsLast week, the market was significantly affected by political uncertainty in the US. Technically, everything looked decent, and there was no change in fundamentals as inflation continued to slow down and banks reported positively. Given this, I was expecting a rotation within a narrow range, but the uncertainty was too strong, causing a sell-off in all major sectors (see Market Strength Index). The only sector that showed some resilience was Financials, but even it eventually succumbed. The week closed very weak, with a bearish engulfing candle, which formally starts a weekly consolidation. It is important to remember that the market is still in a weekly uptrend, and we should treat weekly consolidations as short-term pullbacks until the price sets a convincing lower high on the weekly chart. I would expect the price to try retesting the gap from Wednesday, the 17th. Whether this retest is successful or not will determine the future of the market. It is also likely that in the coming months, the market will be very sensitive to political developments. Disclaimer I don't give trading or investing advice, just sharing my thoughts.
AMEX:SPYShort
by hermes_trisme
Weekly Recap & Market Forecast $SPX (July 21st —>July 26th)Market Forecast (Updated 07/21/2024) **SPX**-Rotation into small caps and industrial stocks continue, which led to more sell off in SPX We have a lot of earnings coming up this week so that can shift the direction of the market as well. Next resistance $5655and $5688 Next support $5521 and 5428 Weekly Sentiment = Bearish **Chart Analysis:** () **Dollar Index:** DXY- Looks like the dollar index found support as the euro weakens. Which means we could see further drop in SPX. Next resistance $105.90 Support $104 Sentiment = Crossover to upside **Put to call Ratio: 1.31 —> 1.15 Next FOMC date: July 31, 2024** **Fear & Greed Index: 56—>49**
SP:SPX
by WallSt007
SPY/QQQ Plan Your Trade 7-25 EOD Wrap-up - Kamala-CrushThis is an End Of Day wrap-up related to the continued downward price trends the US markets are experiencing. As I continue to research why the US markets are contracting so suddenly, the only thing that makes sense to me is what I call the "Kamala-Factor." Suddenly, last weekend, Kamala Harris went from the sidelines to front-n-center. Monday, everyone talked about Kamala Harris as the new Dem candidate after Biden pulled out of the race. By Tuesday night, Kamala Harris had secured enough delegates for the Dem nomination. Wednesday morning - the markets CRASHED. Today, we saw a little bounce near support, but the markets continued to sell downward into the close. As far as I'm concerned, this is actually FEAR related to Kamala's policies, plans, and leadership. Traders/investors are suddenly moving capital away from sectors they believe could be at risk of a further collapse. This is the only reasonable response to the sudden collapse of the major US indexes—gold, Silver, Oil, Transportation Index, and others—while the VIX suddenly shot up to 18+. The short story Kamala Harris scares people, particularly investors/traders and large investment firms. As a result, they are moving capital away from risk factors before the US POTUS election. We need to see the US markets find support, or we could be in for a deeper market downturn. Get some... #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
2024-07-24 - priceactiontds - daily update - sp500Good Evening and I hope you are well. comment: A trading range after a strong move is more often than not the final flag. Yesterday we formed a late trading range and bulls had a strong move up today, which makes me believe that the sell into the close was the final flag, rather the start of another leg down. Market is at huge support with the bull trend line from October and no one expects it to break on the first try. Can we dip below before a stronger pullback? Sure. Odds still favor the bulls for a pullback, at least to the 4h again, like the bull spike today. I have drawn 2 potential paths forward but as always, wait for the market to show its direction and not guess it and most certainly do not trade before it’s happening. current market cycle: Trading range until 5500 is clearly broken. But bubble has popped. Enjoy the ride down. key levels: 5400 - 5560 bull case: Bulls got a strong bounce to the 4h 20ema today. Tomorrow they want to defend the bull trend line from 2023-10 and keep the market above 5500, which is still max bullish if you look at higher tf. Invalidation is below 5400. bear case: Bears are in control of the market and in full STR mode. The bounce today was strong but bears reversed it even harder. They are trading below all important ema and their only target for the rest of the month is to break the big bull trend line, which would put bulls in panic mode. Such important trend lines mostly have to be poked at a couple of times before market can break through. If they step aside for another pullback higher, they need to keep it below 5533 or market will test 5560/5570 again. Invalidation is above 5533. short term: Slightly bullish with a clear invalidation price of 5430. Odds slightly favor the bulls for a second leg up and go sideways around 5500. If bears manage to break below the bull trend line, next support is at 5300. medium-long term: Bearish. We will see 5000 over the next weeks again and 4600 over the next 12 months. Will update this time and price wise over the weekend but I expect to at least see 5000 over the next months in 2024. —unchanged current swing trade: Closed my swing short from 5700 at 5450. I expect a pullback and will short it again. trade of the day: Buying the opening reversal from 5432. On the 5m chart bears just quickly gave up and market made 97 up. Very strong 3 bar reversal and difficult to take after the 40 point drop from the open. Taking the short afterwards was probably easier and better. Market turned at the 4h 20ema and only spent 1h at around 5520 before bears printed a strong 15m bear bar which was strong enough to go short as it closed. On the chart it was bar 13
CME_MINI:MES1!Long
by priceactiontds
MidCap vs. LargeCap. Technical & Fundamental Levels to WatchThe Russell 2000 trailed the S&P 500 significantly in 2023, gaining about 17% compared to a gain of about 24% for the large cap index. That underperformance has spilled over into 2024. As of July 10, 2024 the Russell 2000 YTD is about Zero compared to a 17.75% gain in the S&P 500 (SPX) and 23.50 gain in Nasdaq Composite Index (IXIC). By the way, that valuation measures make the small cap Russell 2000 index much more compelling when compared to the S&P 500. Small caps relative to the S&P 500 on a price-to-book basis is back to where it was in 1999. As of June 30, 2024 small caps price-to-book (P/B) ratio is 2.10, as it described on FTSE Russell 2000 Index Factsheet, while Total US Market (Russell 3000) P/B ratio is 4.42. I'll be brief. Perhaps it will be the briefest brief over the past ten god years I'm here on TV. DON'T MISS IT, AS IT ONE PER LIFE OPPORTUNITY. The main technical graph is ratio between RUT (Russell 2000 Index) and S&P500 Index, and it back to support that was never seen over the past 25 years, since March 1999. What's happened with market at these times? ⭐ Nasdaq Composite Index doubled in price over the next 12 months (March, 1999 - March, 2000), than turned 4x down. ⭐ S&P500 Index printed +20 per cents (March, 1999 - March, 2000), than turned 2x down. ⭐ March 1999 was the absolute low and was a launch point of 12 years of outperformance for Small caps vs Large caps. Will history repeat itself..? Who knows... But personally I believe - Yes, it can.
TVC:RUT
by Pandorra
SPY/QQQ Plan Your Trade 7-25 : Temp-Bottom UpdateGood afternoon everyone, Today's Temp-Bottom pattern played out perfectly after what I'm calling the Kamala-Shakeout on 7/24. The SPY price is struggling to find support near the 2x StdDev lower channel and appears to have bounced higher into a new short/intermediate-term Bullish price trend. If you've been following my research, you already know how powerful and accurate my SPY Cycle Patterns are and how they do not take into account news, politics, or other outside crisis events. They are psychologically reflective of Fibonacci/Gann price cycles/structures—nothing else. I believe the SPY will attempt to squeeze higher into the close today, setting up another bottom-reversal pattern tomorrow (a counter-trend Top Reversal). The Counter-trend type suggests the pattern will be inverted. If my analysis is correct, we'll see the SPY move into a more solid Bullish price trend by tomorrow and then continue to try to break above the $560 level again. Here we go... Get some #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
1
SPY/QQQ Plan Your Trade For 7-25 - Deep Low Bottom (Gap Fill) This is a rather long video (about 23 minutes) - but I wanted to go over the unique situation presented to us with what I'm calling the "Kamala Shakeout" related to yesterday's deep selling trend. This video is very clear. We are still in a technical Bearish trend, and I've highlighted the levels needed to switch to a Bullish trend. Today's SPY Cycle Pattern is a Temp-Bottom. I'm expecting the SPY to attempt to identify support and roll upward - starting a price reversion that may see the price move above $555 over the next 2~5+ days. But, right now, I'm more concerned with early morning selling pressure trying to fill the GAP Window from early June. Remember, I'm trying to suggest a pattern reaction (a Temp-Bottom pattern) while highlighting the KEY Ultimate382 levels as confirmation levels for Bullish or Bearish trending. Yesterday's big selling move was, in my opinion, related to unknowns focused on Kamala Harris' run for POTUS. I believe the markets were waiting for any catalyst related to the uncertainties of a Harris Presidency, and those concerns were reflected in the selling pressure we saw yesterday. Here we go. Get some #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPY
by BradMatheny
1
S&P 500 : Stability Amid Breakout PhaseS&P 500 Analysis: Stability Amid Breakout Phase The S&P 500 has experienced a price drop of approximately 100 points after stabilizing below the breakout zone at 5525. It is currently consolidating within the range of 5460 to 5409. Bullish Scenario: For a bullish trend to emerge, the price must reverse and stabilize above 5460, targeting upward movements towards 5491 and 5525. Bearish Scenario: Should the price continue its decline, it is expected to reach 5409. Stabilization below this level would indicate a downtrend, with further targets at 5372 and 5346. Key Levels: - Pivot Line: 5438 - Resistance Levels: 5460, 5490, 5525 - Support Levels: 5409, 5372, 5346 Today's Expected Trading Range: The anticipated trading range for today lies between the resistance at 5460 and the support at 5372. This refined analysis provides a clear outlook on the potential bullish and bearish scenarios, emphasizing key levels and expected movements within the current trading range.
OANDA:SPX500USDShort
by SroshMayi
SPX broke the trend line with a gap. Time to sell rallies?Since April, the SPX has risen around 15%, and since November's low, it has increased by almost 40%. This is quite significant for such an index, making us wonder if this rise is fundamentally justified (in my opinion, it is not). But, as they say, "trade what you see, not what you think". What we saw was a strong upward move. However, keeping this expression in mind, we also observed a breakdown with a gap yesterday, which was not filled during the day, indicating a "gap and run." My preferred strategy for the index is to sell on eventual rallies above 5500, with a target at 5250. This strategy would be negated by a new all-time high (ATH).
SP:SPXShort
by Mihai_Iacob
8
SPY/QQQ Plan Your Trade - 7-24 : Review & The Kamala ShakeoutAfter a long drive and trying to get through LA, I wanted to discuss what I believe is taking place in the US/Global markets. What I call the "Kamala Shakeout". Over the past few weeks, there has been much news related to Trump/Biden and the potential election consequences. But all of those expectations changed because of two rather large events.. _ the assassination attempt on Trump _ Biden's withdrawal from the race - resulting in Kamala Harris's rise. Now, I believe the markets are starting to digest the amount and scale of uncertainty related to a new POTUS candidate (with almost no knowledge of her policies, plans, and expectations) and the outcome in November (only 90+ days away). IMO, what we are seeing right now is actual FEAR related to the unknown factors centered around Kamala Harris. I believe voters and businesses already had expectations related to Biden/Trump (either outcome) based on the past 8 years. Now, with Kamala Harris, who knows what the expectations are related to plans, policies, and expectations? That is why the markets rolled as hard as they did today. The markets are pricing a new degree of uncertainty and will continue the Kamala Shakeout until the dust settles. I'll fill you in with more details tomorrow morning. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
5
SPY/QQQ Plan Your Trade - SPY Seeking Support for Base/BottomHere is a quick video highlighting the News Event-driven price action today. My SPY Cycle Patterns don't predict or operate off news cycles. They are based mostly on Fibonacci/Gann research/cycles. Today's price action is a great example of when patterns fail to predict price trends accurately. But one has to understand that today's price movement is like throwing a huge rock into a tiny pond—it makes big waves. That is how traders are interpreting the TSLA news today. Even though the previous quarters were slightly worse than Q2:2024, traders anticipated any negative news that would push the markets downward (it appears). My analysis has not changed. I'm looking at the price and thinking, "Boy, this is going to be an incredible bullish reversion setup for skilled traders." In order words, when the selling pressure stalls/stops, prepare for a big rally above $556-557 on the SPY as a reversion move. Earnings are sometimes challenging to trade through. Big news can throw some big price swings as data hits. Buckle up. It will be interesting to see how the price reacts through this week's and next week's end. Based on my SPY Cycle Patterns, I'm still preparing for a bullish rally phase. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
SPY/QQQ Plan Your Trade For 7-24 - Harami~Temp BottomGood morning all, Boy, my friendly group of traders was reviewing the TSLA and GOOG data last night for any signs of weakness or strength. The earnings data did not settle well with traders, and the markets were a bit lower this morning. But, simultaneously, I'm trying to tell my followers to let the dust settle after yesterday's data. I was taught "it is a market of stocks - not a stock market". Don't think of it as a single unit - it is multiple (thousands) of stocks competing for your investment dollar. And, as I'm still reading the data, I believe the US stock market is healthy and efficient in terms of earning power and future expectations. Because of my expectations, I'm urging my followers to consider something somewhat unique. Today's SPY Cycle Patterns should be a Harami pattern, but tomorrow's is a Temp-Bottom. I suspect the Temp-Bottom pattern may blend in with the Harami pattern today - setting up a very clean type of double-bottom or price base for the SPY/QQQ. My data suggests we are moving into a reflation/recovery phase (higher), but the news/data (earnings) has shifted price action to the downside. The base/bottom is playing out today and tomorrow as the price attempts to find/bounce off support. We'll see how today plays out. Please pay attention to my warning related to today's downward price trends. There is a lower gap that could get filled on a deeper downward price trend - but I'm looking for new or recent lows to set up a Base/bottom today. Then, I expect solid reflation/upward price trending over the next 5~10+ trading days.
AMEX:SPYLong
by BradMatheny
6
SPY/QQQ Plan Your Trade 7-23 EOD Wrap-up - Tomorrow's HaramiToday's Flat-Down pattern could not have played out any better. My SPY Cycle Patterns predicted today would reflect a moderately flat trading range that drifted downward - sure enough, that's precisely what we saw today on the SPY. Now, we move into tomorrow's Harami pattern. Although we may see a broad price high or low (price volatility), we are nearing the APEX of a moderate price FLAG pattern. Price can become very volatile near these areas as price attempt to break away from a tighter price channel. I expect the open-close range to stay very narrow tomorrow. The high/low range may be bigger than today's total candle range, but ultimately, I think tomorrow's open-close range will be very tight and narrow, possibly setting up a Doji-type candle. In the broader sense of the SPY Cycle Pattern trends, we are moving into a basing/bottoming setup that should resolve to the upside on Thursday/Friday. So be aware that the recent lows may be a great opportunity to setup for the Thursday/Friday base/bottom SPY patterns. I know many of you are relying on these patterns, and I started this to prove that my technology works and can provide greater insight for traders. Now, I have to decide whether to continue doing this or take a break. I have enjoyed teaching my techniques and systems to everyone, and I love the comments. However, I also want to protect my technology and resources. So, I would love to hear from you guys. Do you want more of this? Do you want me to continue this for another few weeks? Let me know what you guys think. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
SPY/QQQ Plan Your Trade - MENT Pressure System: Building SuccessHave you seen my Plan Your Trade videos yet? Maybe you should take a break and watch a few of them. Part of my effort to help traders involves building a new Pressure System - designed to deploy some of my favorite Fibonacci price constructs and the latest tools. One of the new tools I've been working on is the MENT Pressure System. I would like to make it adaptive (self-adapting to price trends/rotation), but that may take another 10+ days of work. I just completed an update in which the Pressure system is applied to Bollinger Bands to help traders develop trigger confirmation and find better trade triggers. My belief is that using my SPY Cycle Patterns along with something like this new Pressure System should provide a clear advantage for day traders and swing traders. When I suggest the SPY Cycle Patterns are Basing/Bottoming (like I've been suggesting since late Thursday (7-18) and into Friday (7-19), traders need to understand I'm hinting that price is transitioning into a basing/bottoming phase - looking to shift back into a bullish price structure. Ultimately, I would love it if traders could use my SPY Cycle Patterns and my MENT Pressure System to pick the best trades (staying away from count-trend trades and learning to trade what I call "the Sweet Spot." I welcome any feedback you may have after watching this video. It is a lot of fun to receive your comments and suggestions. Together, I hope to build as many followers as possible and help as many traders as possible. Let's GET SOME. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny