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SPX (S&P 500 Index)

S&P 500 Index Technical Analysis and Intraday ForecastS&P 500 Index Technical Analysis The price has declined from its resistance level of 5529 and is currently trading in a bearish zone. As long as it remains below the pivot line, the bearish trend is expected to continue towards 5410. Intraday Analysis: Today, the price is likely to stabilize below 5479, maintaining the bearish trend towards 5440 and 5410. Bullish Scenario: For a bullish reversal, the price must stabilize above 5502. If this occurs, the bullish trend may target 5529 and subsequently 5550. Bearish Scenario: As long as the price trades below the pivot zone, which lies between 5502 and 5479, it is expected to decline further towards 5440 and 5410. Key Levels: - Pivot Line: 5479 - Resistance Levels: 5502, 5529, 5550 - Support Levels: 5440, 5410, 5373 Today's Expected Trading Range: The anticipated trading range for today is between the resistance at 5502 and the support at 5410.
OANDA:SPX500USDShort
by SroshMayi
$SPY update: Idea hasn't changed, only the timing. $480 next.Update: Largely the same idea, just the timing changed. I was wrong in that I initially thought we'd reject the $525-530 area and move down to my target of $480, then form a final high by the end of July/August around $550. However price decided it wanted to go straight higher to $550 area before it falls. Think we'll see a final high be put in sometime in the next week, then we'll finally make the move lower to my target of $480. The current move extending all the way to $550 gives me confidence that this is likely to be the top for the year and we shouldn't see a move back to this area. While the index is going to start its decline into a bear market, certain individual stocks will still see new highs. The tricky part will be identifying which ones still have upside left. Largely I think we'll see the long-term reversals on the Mag 7 and money flow into value stocks. Lots of beaten up charts that look good for upside soon. I'll start sharing those shortly.
AMEX:SPYShort
by benjihyam
35
Market Soars with Unyielding MomentumLast week was marked by complete bullish dominance. After positive inflation data was released on Wednesday, the market opened with a significant gap up. The next day, sellers made a sluggish attempt to fill this gap but never came close. To sum it up: 1. Prices are in an uptrend on weekly, monthly, and daily charts. 2. Last week closed strong with almost no seller pressure. 3. There is an unfilled gap from Wednesday, the 12th. So far, this market is fully controlled by buyers. Notably, growth is driven mostly by tech stocks, reflecting a "risk-on" mode of investing. Some people are concerned about the narrow breadth, but it doesn't matter much whether growth is driven by many names or just a few large stocks. While narrow breadth can lead to increased volatility, the fact is that money is being poured into the market. As long as this continues, the market will remain strong. Disclaimer I don't give trading or investing advice, just sharing my thoughts.
AMEX:SPYLong
by hermes_trisme
2024-06-20 - a daily price action after hour update - sp500Good Evening and I hope you are well. sp500 e-mini futures comment: Interesting trading day to say the least. Globex rallied 27 points to 5587 where it stalled for couple of hours and then before US opened the floodgates were opened. Just strong selling throughout the day with huge bull spikes in between. Bears accomplished a drop of 23 points from open to close, that’s just weak but Globex high to daily low was 62 points. The 15m 20ema was decent today and bulls kept it above the important bull trend line and still far above the daily ema which is at 5450, so 100 points to go. Market has formed a triangle at the lows, which will probably just break out sideways in the Globex and EU session. Since tomorrow is Globex, I have no opinion on where we close the week tbh. Rough guess is at least a close below 5560 but I prefer a close below the bull trend line and below 5500 but that’s low probability. current market cycle: Max bullishness & peak bubble territory. Literally the peakiest of the peaks. Mother of all bubbles. Will end over the next weeks. —unchanged key levels: 5500 - 5600 bull case: Bulls want to stay above 5540 which is my big orange support line. If they fail here, they will most likely also fail at the bull trend line and then 5480/5500 will come fast. Bulls bought every new low today and made money on lower time frames but they could not close above the 15m 20ema. That will be their first target for tomorrow and then above the 1h ema. I expect a pullback tomorrow and depending on how strong it is, another leg down or total melt up to 5600 into opex. Invalidation is below 5520. bear case: Bears had a decent day today. Naturally they want a second leg down, which would bring us to around 5460/5470, which would be my preferred close of this week. Since we are at bigger support, I don’t have much confidence in the bears. Need to see tomorrows price action in EU session. Invalidation is above 5560. short term: Neutral here between 5520 - 5560, bullish above and bearish below 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. —updated weeks to months. current swing trade: None trade of the day: Shorting every pullback near the 15m ema was decent.
CME_MINI:MES1!
by priceactiontds
🍌🍌 SUPERMICRO — AI BANANAS RECOVER FROM THE BEARISH HUGSIt’s hard to believe that only a few short years ago, Super Micro stock was trading for $10 per share. Now that it’s hovering near the $1,000 area. And Yes, SMCI stocks are still Top #1 over the all S&P500 components with +217% YTD performance in 2024, and +471% 12-months performance. Supermicro is an American company, a major manufacturer of motherboards, cases, power supplies, cooling systems, SAS controllers, Ethernet and InfiniBand. The company specializes in the production of x86-server platforms and various components for servers, workstations and data storage systems. The headquarters is located in San Jose, USA. Founded in 1993. Supermicro, Inc., a provider of end-to-end IT solutions for cloud computing, artificial intelligence/machine learning, storage, and 5G/Edge communications, continues to expand its data center portfolio with NVIDIA end-to-end rack cabinet solutions HGX H100 equipped with liquid cooling systems. Supermicro's advanced liquid cooling technologies help reduce time-to-commissioning, improve performance levels, and reduce data center operating costs while dramatically reducing energy efficiency. It is estimated that when using Supermicro liquid cooling systems (compared to air-cooled data centers), data centers save up to 40% in terms of power costs. In addition, direct cooling costs can be reduced by up to 86% compared to existing data centers. In technical terms, SMCI shares are strongly above 26- and 52-weeks SMA, while a classic scenario 'recovering from bearish hugs' is happening right now.
NASDAQ:SMCI
by Pandorra
SPx continues to move towards a new bullish area.S&P 500 Index Technical Analysis The S&P 500 (SPX) has maintained its bullish trend as anticipated and continues to move towards a new bullish area. Intraday Analysis: Today, the price may stabilize above 5502 to continue the bullish trend towards 5530 and 5550. Bullish Scenario: As long as the price trades above 5502, the bullish trend is likely to continue, targeting 5530 and 5550. There is also a possibility of a price correction down to 5480 before pushing up again. Bearish Scenario: If the price drops and stabilizes below 5479, it may enter a downtrend towards 5438 and 5410. Key Levels: - Pivot Line: 5502 - Resistance Levels: 5530, 5550, 5595 - Support Levels: 5479, 5440, 5410 Today's Expected Trading Range: The anticipated movement range for today is between the resistance at 5550 and the support at 5479. Summary: Maintaining a position above 5479 supports a bullish outlook, aiming for higher resistance levels. Conversely, trading below 5479 indicates a bearish trend, with potential support targets at 5438 and below.
OANDA:SPX500USDLong
by SroshMayi
US30 - Entry Zone Update!Following on from our previous analysis where we shared the higher timeframe analysis, we are now seeing a correction which we can capitalise on. We are watching for price to move into our sell zone where we'll look for signs of reversals on lower timeframe. We are not anticipating price to create a new high so we can use 40.1k as invalidation levels for this scenario. SHORT Trade Idea: - watch for price to move into sell zone - Once there, look for signs of reversal on lower timeframe. We'll be looking for an entry trendline - Once entered, have stop loss above the correction - Target the buy zone 37k Our longer term setup will be the buy setup once we enter buy zone. Goodluck and as always, trade safe!
FX:US30
by WicktatorFX
2024-06-18 - a daily price action after hour update - sp500Good Evening and I hope you are well. sp500 e-mini futures comment: Nothing fancy to report here either. Market is in balance and bulls poking at 5560. They want a break above for 5600 and will probably get it soon. Bears shorting the resistance at 5558ish and making money but will be quick to give up, if this trades above 5563/5565. current market cycle: Max bullishness & peak bubble territory. Literally the peakiest of the peaks. Mother of all bubbles. Will end over the next weeks. key levels: 5540 - 5600 bull case: Perfect buying at the 1h 20ema today for another ath 1 point above. Bulls want 5600 next. I leave room for 1 more leg up but that’s it. No more after that. Invalidation is below 5540. bear case: Bears need to stop the higher highs and trade below the 1h 20ema. Until they do that, max bullishness. Don’t make it more complicated. Can literally buy every pullback and make money. Invalidation is above 5565. short term: As bullish as one can be. Ride it up. 1 More leg possible to 5600 but that should be it. 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. —updated weeks to months. current swing trade: None trade of the day: Buying 5543 or near the 1h ema or literally every 15m bear candle and scalp.
CME_MINI:MES1!Long
by priceactiontds
S&P500 - Where will we go next?Hello Traders and Investors, today I will take a look at the S&P500 . -------- Explanation of my video analysis: Fore more than a decade, the S&P500 has been trading in a pretty clean rising channel formation. We had the last retest of support in 2022, which was followed by bullish confirmation and a rally of +45% in 1.5 years. At the moment the S&P500 is neither retesting support nor resistance and the path of least resistance is simply higher. -------- Keep your long term vision, Philip (BasicTrading)
TVC:SPXLong
by basictradingtv
4
TSLA / NVIDIA / INTC - The rotation trade?TSLA has been upderperfing the market, but is now showing some signs of potential life since Elon musks pay package was approved. A bullish breakout pattern is on watch. NASDAQ:INTC looks ready for a bullish move. Just like NASDAQ:ADBE & NASDAQ:TSLA popped on earnings, it looks like NASDAQ:INTC could be the next oversold S&P500 stock to bounce. If we see any weakness in NASDAQ:NVDA we may see capital rotate into other cheaper semis. S&P500 setting nee ATH.
NASDAQ:NDX
by Trading-Capital
5
SPX 500 Breaks Record High, Targets 5650US SPX 500 – technical overview Longer-term technical studies continue to look quite extended, begging for a deeper correction ahead. At the same time, the latest bullish breakout to a fresh record high beyond the 2024 high opens the door for the next measured move upside extension targeting the 5650 area. Key support comes in at 5194. R2 5500 – Round Number – Strong R1 5450 – 7 June/Record high – Medium S1 5321 – 7 June low – Medium S2 5194 – 31 May low – Strong US SPX 500 – fundamental overview Though we have seen a healthy adjustment of investor expectations towards the amount of rate cuts in 2024, the market still hopes policy will end up erring more towards the investor friendly, accommodative side of things. This bet has kept stocks well bid into dips and consistently pushing record highs. Still, if there is a sense the Fed will need to be more sensitive towards erring on the side of higher rates, it could invite major disruption to the stock market. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
BLACKBULL:SPX500
by BlackBull_Markets
S&P500 targeting 5800 if this level breaks.The S&P500 index (SPX) recovered from April's correction and rebounded on the 1D MA50 (blue trend-line) during late May's consolidation, much faster than all previous corrective phases within the 1.5 year Channel Up pattern. This has resulted in the price testing again the top of that pattern, first time since April 01. So far it has been there but failed to break it 3 days in a row, which is an accelerating bearish signal and as long as it fails to break upwards, we expect another test (at least) of the 1D MA50. If it does break though, and since as mentioned this corrective phase has been faster and weaker than the previous, there are higher probabilities to do so, we expect a new (blue) short-term Channel Up to emerge. That would be similar to the previous 2 Bullish Legs of the long-term Channel Up, only this time it will break above it and take the index to a new dominant pattern. In any case, our medium-term Target on that occasion wil be 5800, even though on the long-term, we can see at least a +25% rise from the April 19 bottom. ------------------------------------------------------------------------------- ** 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
S&P 500: All-Time Highs and Potential DeclineS&P 500 (SPX) Technical Analysis The S&P 500 (SPX) has continued its bullish trend as anticipated the previous week, successfully reaching the projected target of 5450. However, it now appears poised for a potential decline. This Week's Outlook: The price is likely to experience a strong bearish correction as long as it trades below 5450, potentially reaching 5310 and 5260. However, the SPX is expected to consolidate between 5450 and 5260. Bullish Scenario: To initiate a new bullish trend, the price must close at least a 4-hour candle above 5450, targeting 5485. Sustained stability above 5450 would be required to confirm a bullish move towards 5550. Bearish Scenario: As long as the price remains below 5450, it is expected to drop towards 5345 and 5310. A further decline could see the price reaching 5260. Key Levels: - Pivot Line: 5450 - Resistance Levels: 5484, 5525, 5550 - Support Levels: 5372, 5320, 5261 Weekly Expected Trading Range: The anticipated movement range for this week is between the resistance at 5460 and the support at 5260. In summary, maintaining a position below 5450 suggests a bearish outlook with lower support targets in focus. Conversely, closing above 5450 could indicate a bullish reversal, aiming for higher resistance levels. Our Previous Weekly Idea: Fundamental Analysis:: Market Analysis: S&P 500 at All-Time Highs Amid Overbought Conditions Overbought Conditions Aren't a Sell Signal: A low VIX indicates an overbought condition, but it does not serve as a sell signal. Bullish Momentum in the S&P 500: The S&P 500 (SPX) is once again at all-time highs, with bullish momentum accelerating. Following a favorable interpretation of the consumer price index figures on Wednesday, the S&P 500 surged to new intraday and closing all-time highs. Fed's Impact and Market Reaction: Despite a somewhat lukewarm outcome from the Federal Reserve's FOMC meeting later that day, which triggered some sell programs, the overall buying momentum remained strong. Positive Indicators Amid Overbought Conditions: Our indicators have largely remained positive throughout this phase and continue to signal bullishness. However, overbought conditions are starting to appear, which is expected given the strength of the rally.
OANDA:SPX500USDShort
by SroshMayi
#202425 - a weekly price action market recap and outlook - sp500Good Day and I hope you are well. sp500 e-mini futures Quote from last week: bear case: Bears are still inside the bull flag and making lower lows. As long as they are staying below 5310-5320, their bear case lives on but is weak at best. They could not get consecutive daily closes below the daily ema and the reversal on Friday made the daily, weekly and monthly bar more buying than selling signals. You could argue that we are building a similar structure to April, where we had the double top and then only lower highs until bears finally accelerated it down big time and we got below 5000. Could this happen here too? Of course. We will find out on Monday or Tuesday. comment: My take last week was, that as long as bears keep it below 5400, we could be in a trading range. Bulls used the pullback on Tuesday for a new ath and got a strong follow through on Wednesday to pulverize that previous ath and trade above 5500. That target price was my first measured move target from early 2024 and it could continue up to 5600. Market refused to print a bear bar on Thursday and Friday which leaves the market maximum bullish going into next week. The big issue with that long trade is, you are buying right under the ath in a buy climax, in multiple wedges, far far above any ema. This trade risk:reward equation is as bad as it gets but the probability is high. But what is your target? You can join momentum but all of my calculated targets end at around 5600. Buying pullbacks is the reasonable thing to do until it stops working. My final thoughts on the market this week is the following chart, which speaks for itself. This is peak bubble behavior and the next 1000-2000 Points will be made on the downside. So given the current pattern of the s&p500 I do think we are in the last blow-off top of this bull cycle and will enter a trading range which will evolve into the new bear trend once we break below 5000. This market is made up of 7 stocks which get all the liquidity. My best guess on the path forward over the next months is in the weekly chart below. We will probably spend more time between 5000 - 5600 to form a credible top. A head & shoulders top would be the most probable outcome. current market cycle: Max bullishness & peak bubble territory again. Will end over the next weeks. key levels: 5400 - 5600 bull case: Bulls buying it all on the 7 stocks. Volume on this up move since May is absolute atrocious but that does not help anyone so far. It’s only going up and as long as bulls keep making money literally buying every dip, we continue up. I have 3 wave series leading up to 5500-5600 and all end there. Invalidation is below 5300. bear case: What do the bears have going for them? Nothing and if anything, pure speculation and low probability stuff. The chart is showing multiple wedges, we are clearly in multiple third pushes up (W5) and volume is drying up. Once the institutions begin taking profits on the magnificent 7, we will see big moves down to end the trend and enter a trading range. The bull trend line around 5300 will be hit in the next 2-4 weeks and afterwards I think we will form a lower high before we will be on our way to 5000 again. As of now I think bears want to see a big climactic bull bar to 5600 before they begin shorting again. Invalidation is above 5620. outlook last week: “Bullish above 5320 for another leg up to 5500 or higher but only if it happens until end of Tuesday.” → Last Sunday we traded 5355 and now we are at 5502. 5500 was my target if bulls trade above 5400 and I hope you made some of those 100 points. Good outlook it was. short term: No interest in buying here unless it’s a momentum scalp. I will look for weakness and a trade back to a test of the daily 20ema which is around 5400. Bulls are still heavily favored in terms of probability. medium-long term: Bull trend is in the last legs and this will soon pull back much further and form a big trading range. 5600 could be hit but the next bigger points are made trading back down to 5300 and 5000 over the next weeks/months. current swing trade: None Chart update: This is my best guess on how the next 3-9 months will play out. Two-legged correction down to 5000 over the next 4-8 weeks, followed by a last lower high before the next big bear trend will begin. That’s only price-wise but not time wise. Could get there much faster or much slower.
CME_MINI:MES1!
by priceactiontds
S&P Tug of War Continues as Market Seeks ClarityLast week marked some of the most unclear price action we've seen. Starting on Tuesday, sellers gradually took control from buyers, but most of the action occurred during extended hours (meaning on VERY low volume). On Friday, sellers finally acted during regular trading hours and attacked the market right from the open. However, it seems buyers were only waiting for this, as the price suddenly pivoted, and the day ended with a spectacular bull run. At this moment, the market is sending very confusing signals, and the best strategy for a swing trader is to simply stay away for some time. Here's a formal summary of the current situation: 1. Long-term Bullish . The price is in an uptrend on both weekly and monthly timeframes. May closed above April’s high 2. Short-term Bearish . Weekly consolidation is in progress, and despite the bull show-off on Friday, the market is still consolidating on the weekly timeframe. Moreover, the week closed with a bearish "hanging man" candle. 3. Respect Friday’s Bull Run . It was unusually strong for bearish context and could easily develop into something significant. To develop a convincing thesis, we need to see some clarity on the daily chart. Either bears will confirm a daily lower high, signaling the continuation of the weekly consolidation, or bulls will set a daily higher low, signaling the continuation of the uptrend. Until this happens, we can expect more unexpected moves in both directions without much follow-through. Disclaimer I don't give trading or investing advice, just sharing my thoughts.
AMEX:SPY
by hermes_trisme
S&P 500 Index: Bullish Trend Faces Potential ReversalS&P 500 Index Technical Analysis The S&P 500 (SPX) has continued its bullish trend as anticipated, successfully reaching the projected targets. However, it now appears poised for a potential decline. Intraday Analysis: Today, the price may stabilize within the bearish zone, remaining below 5423 and potentially moving towards 5372. Bullish Scenario: For a new bullish trend to be initiated, the price must close a 4-hour candle above 5423, targeting 5440. Stability above 5450 would then be required to confirm the bullish trend. Bearish Scenario: As long as the price trades below 5423, it is likely to drop towards 5372 and 5346, particularly if a 1-hour candle closes below 5414. Key Levels: - Pivot Line: 5423 - Resistance Levels: 5450, 5484, 5520 - Support Levels: 5372, 5347, 5320 Today's Expected Trading Range: The anticipated movement range for today is between the resistance at 5450 and the support at 5346. In summary, maintaining a position above 5450 supports a bullish outlook, aiming for higher resistance levels. Conversely, trading below 5423 indicates a bearish trend, with potential support targets at 5372 and below.
OANDA:SPX500USDShort
by SroshMayi
12,000 SPY Prediction by 2028 "Roaring 20s Hello Again" Start of 1995 the NASDAQ was at 1,578, Start of 2,000 it stood at 8,688 x of 5.505 If we take the bottom of composite 11,073 that takes us to 60,956 and this only the Nasdaq composite This would put the US stock markets combined over 300-400 Trillion dollars. The Federal Reserve will be forced to repeat the same policies lowering or holding rates steady to beat both inflation and unemployment, the last thing people are expecting is a parabolic melt up of all major markets. This is why I'm posting proof We're moving into the age of Bitcoin as a global reserve currency, robotics and Ai. The USA has started to accept miners logic and Bitcoin economics. While people waited for the recession, while people waited for the bubble to pop, the reality is it has just started. I'm surprised majority are still watching this unfold on the side-lines waiting for the "bubble to pop" but then again when they come back in saying its "not a bubble" I will be defensive.
SP:SPXLong
by UnknownUnicorn4782510