SPX (S&P 500 Index)
May 2nd Trade Journal & Stock Market Analysis** May 2nd Trade Journal & Stock Market Analysis**
EOD accountability report: +821
Sleep: 6 hour, Overall health: :thumbsup:
Another great day in the market, Signals worked decent.
**Daily Trade recap based on VX Algo System**
— 12:50 PM VXAlgo ES X1 Sell Signal :check:
— 1:12 PM VXAlgo ES X3 Sell Signal :x:
— 3:30 PM Market Structure flipped bearish on VX Algo X3! :check:
Next day plan--> Over 5650 = Bullish, Under 5650 = Bearish
Video Recaps -->https://www.tradingview.com/u/WallSt007/#published-charts
Hurst's 4.5 Year cycles is in "Time wise"=Trough is close or notHurst's Cyclic Theory:
The basic tenant behind this theory is that markets achieve significant lows (or troughs) at the beginning (or end) of a cycle. Cycles have varying degrees based on wave length (in time) and are harmonized with the higher level cycles.
- Blue is 4.5 starting the day of the IPO !!!
S&P500 1st 4H Golden Cross since Jan could be a TRAP!S&P500 (SPX) completed yearly today its first Golden Cross on the 4H time-frame since January 23. That formation issued an immediate pull-back but technically it's not very similar to the today's as that was formed after an All Time High (ATH) while now we are on the recovery phase after March's massive Trade War fueled correction.
The 4H Golden Cross however that looks more similar to the current is the one before January's, the August 21 2024. That was formed after a substantial market pull-back, though again not as strong as March's. Still, the 1D RSI patterns are also more similar and that again should keep us on high alert as 2 weeks later the index pulled back to the 0.5 Fibonacci retracement level from its previous High Resistance.
As a result, if we see the price now turning sideways for a week or so, we will give higher probabilities for a short-term pull-back, maybe not as low as the 0.5 Fib but at least to the 5450 region, before the market takes off to 6000.
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👇 👇 👇 👇 👇 👇
Major shift on the S&P 500: Is the bull market really over ?
After three years of almost uninterrupted gains, the U.S. market has finally shifted gears.
In early March, following a sharp escalation in trade tensions between China and the United States, the S&P 500 officially entered a bear market.
The tariff shock acted as a catalyst: buyers failed to defend critical levels, and the bullish momentum broke down.
Today, my scenario is clear:
I believe we are entering a wide range similar to what we saw in 2022, between 4700 and 5500 points.
In this controlled volatility environment, both investing and trading strategies must adapt.
💰 For long-term investing:
I'm staying fully in cash.
I prefer to wait until my personal indicator flashes green again before re-entering the market.
Patience is my best weapon in uncertain environments.
🎯 For swing trading:
The approach here is more active.
Each touch of the lower boundary (around 4700) will be considered a tactical buy, aiming to resell around 5500 points at the top of the range.
No rushing, no chasing moves: I only act at the extremes.
May 1st Trade Journal & Stock Market Analysis**May 1st Trade Journal & Stock Market Analysis**
EOD accountability report: +441
Sleep: 7 hour, Overall health: :thumbsup:
Signals were pretty solid today, but there's heavy MM manipulation in the market so be careful trading funded accounts.
Walk away if you get tilted.
**Daily Trade recap based on VX Algo System**
9:51 AM Market Structure flipped bullish on VX Algo X3!
10:30 AM Market Structure flipped bullish on VX Algo X3!
11:31 AM VXAlgo YM X1 Sell Signal
12:08 PM Market Structure flipped bearish on VX Algo X3!
1:47 PM Market Structure flipped bullish on VX Algo X3!
Next day plan--> Over 5600 = Bullish, Under 5600 = Bearish
Video Recaps -->https://www.tradingview.com/u/WallSt007/#published-charts
Nightly $SPY / $SPX Scenarios for May 2, 2025🔮 Nightly AMEX:SPY / SP:SPX Scenarios for May 2, 2025 🔮
🌍 Market-Moving News 🌍
🇺🇸 Rising Unemployment Claims Signal Labor Market Softening
Initial jobless claims increased by 18,000 to 241,000 for the week ending April 26, marking the highest level since late February. Continuing claims also rose to 1.916 million, indicating potential cracks in the labor market.
🏭 Manufacturing Sector Contracts Amid Tariff Pressures
The ISM Manufacturing PMI fell to 48.7 in April from 49.0 in March, indicating a second consecutive month of contraction. Tariffs on imported goods have strained supply chains and elevated input prices, contributing to the downturn.
📉 Construction Spending Declines
Construction spending decreased by 0.5% in March, reflecting reduced investments in both residential and nonresidential projects. This decline suggests caution in the construction sector amid economic uncertainties.
📊 Mixed Signals from Manufacturing Indices
While the ISM Manufacturing PMI indicates contraction, the S&P Global Manufacturing PMI remained steady at 50.2 in April, suggesting stability in some manufacturing segments despite broader challenges.
📊 Key Data Releases 📊
📅 Friday, May 2:
💼 Nonfarm Payrolls (8:30 AM ET)
Provides insight into employment trends and overall economic health.
📈 Unemployment Rate (8:30 AM ET)
Measures the percentage of the labor force that is unemployed and actively seeking employment.
💰 Average Hourly Earnings (8:30 AM ET)
Indicates wage growth and potential inflationary pressures.
🏭 Factory Orders (10:00 AM ET)
Reflects the dollar level of new orders for both durable and nondurable goods, indicating manufacturing sector strength.
⚠️ Disclaimer:
This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
SPY at 3 important event! POC, 200 ema and 30 days reversalHi All SPY is at an interesting intersection:
1) a month from where it crashed and reversed entirely
2) At point of control (POC) from the top in Feb
3) at 200 ema
In Aug 22 SPY reversed from POC, at other times it found support or broke out with a gap
My opinion is, it will continue going up till 13th May (date when CPI is published). Nobody knows for sure how much tariff will impact CPI. It cannot as bad as we had during covid.
If you think the 2025 bottom is in you couldn't be more wrongIf you think the bottom for 2025 is in and it's only up from here let me have what you're smoking.
Just a puff, please!
About 80% of social media retail traders are confidently calling a bottom, that's a major contrarian signal.
Herding equals danger!
If everyone is bullish, most are already positioned long leaving a few buyers to push prices higher.
It's known as "pain trade" where markets often move in the direction that causes the most discomfort.
Many of loudest voices are retail traders influencers chasing engagement, not portfolio managers or data driven strategists.
AMEX:SPY SP:SPX NASDAQ:QQQ AMEX:DIA NASDAQ:META NASDAQ:NVDA NASDAQ:MSFT NASDAQ:GOOG NASDAQ:AAPL NASDAQ:AMZN
Mechanical Over Mood. AlwaysWell, this week really wanted to test both my trading discipline… and my tech patience.
My laptop decided to kick the bucket mid-session.
But honestly? Not even mad.
Because it reminded me of something traders forget too often:
Simple is better. Mechanical is best.
No charts? No problem.
Noisy bias? Ignore it.
Just follow the system and let the setups do the work.
And right now?
The market gave us a Tag off the lower Bollinger Band…
Then a Turn with some clean bullish pulse bars…
Now we’re tagging the upper band again.
Textbook mechanical structure.
No predictions. No overlays. Just rules.
Yes, compression still lingers – the bands are squeezed tighter than my laptop battery casing.
But until something breaks out (or explodes), I’m trading it simple.
---
SPX Market View
Some days the market whispers.
Some days it screams.
And then… there are days like this – where it quietly tags, turns, and retags like a kid playing solo hide and seek.
Welcome to compression.
Welcome to Tag ‘n Turn 2: Return to the Band.
Yesterday gave us exactly what we needed:
Tag off the lower Bollinger Band
Bullish pulse bars firing in sequence
Now back to the upper BB as of this morning
It’s a full mechanical cycle playing out in slow motion.
The band width? Still squeezed.
So unless we get a confirmed breakout – no compounding, no fireworks, no fast lane.
That’s not a problem.
It’s a feature.
Why?
Because in environments like this, the strategy doesn’t just work – it filters the noise.
No guesswork. No hoping. No “is this the one?”
Just a defined setup, and a playbook that responds only when the price earns it.
I’m staying bullish as long as this range holds.
Pulse bars off the highs or lows? I’m in.
Breakout confirmed? Let’s ride it.
Dip to mid-band? Still valid.
The structure is intact.
The setup is valid.
And even if my laptop’s dying breath is a warning beep, I’ll still be trading off what matters.
Trade the system. Trust the sequence. Let the rest break down.
---
Expert Insights:
Mistake #1: Overcomplicating compressed conditions.
Compression doesn’t mean “do more” – it means “do less, better.”
Fix: Let the pulse bar do the talking. Keep your setup clean.
Mistake #2: Ignoring band re-tags as valid setups.
Returning to the upper or lower band doesn’t invalidate the prior move.
Fix: Use structure. Re-tags can still deliver if pulse bars confirm.
Mistake #3: Letting tech failures bleed into trading decisions.
Just because your screen flickers doesn’t mean your system broke.
Fix: Stay mechanical. Even from a mobile. It’s not the gear – it’s the method.
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Rumour Has It…
Wall Street insiders are reporting that Apple’s next product will be the MacBook Trader, a laptop designed specifically to fail whenever Bollinger Bands compress.
Features include:
An auto-dimming screen whenever pulse bars form
A built-in “Hope Mode” that deletes your rulebook
And a random error that whispers “maybe just this once…”
Traders are advised to plug directly into their mechanical setups or, failing that, scribble strategies on a coffee-stained napkin like it’s 2002.
Rumour has it that a squirrel from Central Park is currently outperforming several hedge funds using nothing but broken Fibonacci tools and pure optimism.
This is entirely made-up satire. Probably!
Breaking scoops courtesy of the Financial Nuts Newswire-because who needs sanity?
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Fun Fact – Did You Know?
The term “Frankenstein” originally came from Mary Shelley’s story of a scientist trying to control something he didn’t fully understand…
Which is what most traders do with indicators.
They bolt on RSI here, MACD there, sprinkle in some Fibonacci dust, and hope it walks.
But the real monsters aren’t the tools – they’re discretionary trades pretending to be mechanical.
Moral of the story?
You don’t need a stitched-together algo monster.
You just need a clean pulse bar, a set of rules, and the ability to sit still.
Bulls and Bears zone for 05-01-2025S&P 500 is going to have a gap up Open and finally closing gap from early last month.
Also traders could be taking profit after yesterday's big UP move.
Level to watch: 5643 ---5645
Reports to watch:
US : PMI Manufacturing Final 945am
US : ISM Manufacturing Index 1000am
US : Construction Spending 1000am
SPY - dump or bull market is back?hi traders,
Some months ago, we shared the idea where we explained that SPX will experience a correction:
The targets were reached, and next we saw a decent bounce, which is very well visible on the monthly candle.
Today, I see a lot of excitement about the monthly close, and many people call for a new all-time high soon.
I want to bring to your attention the monthly close in 2000.
It looks very similar to what we got yesterday.
A long, lower-shadow wick resulted in a bearish imbalance characterised by an excess of sellers, exerting downward pressure.
I still can see SPY/SPX retesting 570-580 levels, but it doesn't change the fact that lower levels may be tested in the next few weeks/months.
We got a bearish cross on the monthly time frame, which is not a joke.
If bears take control, I expect SPY to visit 460~ levels and later even lower: 410-408.
Long story short:
1. Short-term bounce may continue.
2. Mid-term - bears will take control, and we will see a bigger correction.
Do you agree? Share your opinion in the comments section
Nightly $SPY / $SPX Scenarios for May 1, 2025 🔮 Nightly AMEX:SPY / SP:SPX Scenarios for May 1, 2025 🔮
🌍 Market-Moving News 🌍
🇺🇸 Q1 GDP Contraction Raises Recession Fears
The U.S. economy shrank for the first time in three years, down 0.3% in Q1. Weaker government spending and a rise in imports ahead of Trump’s tariff policies are weighing on growth outlook.
📈 Big Tech Lifts the Market
Strong earnings from Microsoft ( NASDAQ:MSFT ) and Meta ( NASDAQ:META ) have boosted sentiment. Meta’s revenue guidance and capex surge point to aggressive growth positioning in AI and infrastructure.
🏛️ Treasury Refunding Outlook in Focus
Markets are watching the quarterly refunding announcement for clues on upcoming bond issuance. This could influence rate volatility as the Treasury balances deficits and market demand.
🌐 Risk-On Mood Despite Macro Headwinds
Global stocks notched a 4-week high as traders bet on resilient earnings and central bank policy steadiness, even as U.S. macro data softens.
📊 Key Data Releases 📊
📅 Thursday, May 1:
📈 Initial Jobless Claims (8:30 AM ET)
Tracks new unemployment filings – a key gauge of near-term labor market stress.
📈 Continuing Jobless Claims (8:30 AM ET)
Measures ongoing unemployment benefit recipients, reflecting persistent joblessness.
🏗️ Construction Spending (10:00 AM ET)
Reports monthly change in total construction outlays — a direct measure of real economy investment.
🏭 ISM Manufacturing PMI (10:00 AM ET)
Provides a snapshot of U.S. factory activity. Readings below 50 suggest contraction.
⚠️ Disclaimer:
This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
SPX bullishI am now bullish in near term. For those following me, I have updated HILO EMA squeeze band with an option to plot more lines as seen this chart. I see a swing high of 5770, although a bit cautious about the month end. Market is tired of Trump tantrums and more focused on earnings which have been great so far. For near term month or two I would be looking for bye the dip
April 30 Trade Journal & Stock Market Analysis
EOD accountability report: -1310 on a Eval. + 125 on Funded
Sleep: 8 hour, Overall health: :thumbsup:
I used a trailing stoploss ATM order by mistake, and got rid of the stoploss, because market zig zagging it up. BAD BAD Idea
Market humbled me by showing me why i should always have stoploss on.
Back to doing manual stoploss and getting rid of trailing stops because they are horrible during chops
**Daily Trade recap based on VX Algo System**
10:48 AM VXAlgo NQ X3 Buy Signal
11:00 AM Market Structure flipped bullish on VX Algo X3!
— 12:10 PM VXAlgo NQ X1 Sell Signal,
— 2:29 PM VXAlgo ES X1 Sell Signal, (triple sell)
3:30 PM Market Structure flipped bearish on VX Algo X3 (False signal, got cancelled right away)
Next day plan-->
Video Recap -->https://www.tradingview.com/u/WallSt007/#published-charts
Will April Close with a Bang?You ever get that feeling the market’s just waiting for a reason to move?
That’s where we are.
It’s been a quiet start to the week – barely a pulse.
And Tuesday? One signal. Just one.
But it was a bullish pulse bar, and it paid.
Price is still coiling, compressing tighter, and Bollinger Bands are pinching harder than a crab on Red Bull.
We’re seeing the classic signs of range contraction – which usually means a range expansion is coming.
So what’s the move?
Stay bullish.
Stay patient.
And be ready to pounce the moment price breaks free.
Today’s calendar gives us a few nudges – ADP, GDP, ECI, PCE – nothing major, but enough to cause a wobble or spark.
The bias is bullish.
The system’s ready.
And if we break out of this pinch, I’m looking at 6106 on the swing.
Even a dip to 5400 wouldn’t change the structure – just another spot to reload the bulls.
Let’s finish April strong.
Let’s grab another one by the horns.
---
SPX Market View
Let’s call it like it is – the market’s been locked in a deep freeze.
Monday and Tuesday barely moved.
Why?
No real news. Month-end positioning. And a crowd of big players too busy doing their internal accounting gymnastics to push buttons.
But while it looked like nothing happened, Tuesday’s single bullish pulse bar delivered the goods.
One bar. One setup. One result: Profit.
Now as we roll into Wednesday, things get spicy – not because the economic data is explosive… but because compression like this doesn’t last.
The Bollinger Band width is pinched tighter than a tax refund cheque.
And we know what that means:
Tight range = pressure building.
Breakout = opportunity waiting.
So today’s plan?
Stay bullish until proven otherwise.
Use the pulse bar system to play range edges or trigger entries.
Look for breakout confirmation to ride it toward 6106.
Remain calm if we dip toward 5400 – structure still holds.
Economic data today (ADP Jobs, GDP, Employment Costs, and Core PCE) might trigger volatility, but it’s not about reacting to the numbers…
It’s about watching how price responds.
We’re not forecasting.
We’re not feeling.
We’re waiting for the setup – then pulling the trigger.
Price is whispering right now.
Soon, it’ll yell.
Be ready.
---
Expert Insights:
Mistake #1: Assuming news equals movement.
Just because data drops doesn’t mean price pops.
Fix: Always wait for price confirmation. Pulse bars > economic guesses.
Mistake #2: Ditching the bias at the first wobble.
A dip isn’t a collapse.
Fix: Know your structure. Dips to 5400 are still within a bullish regime.
Mistake #3: Forgetting the role of compression.
Tight ranges often precede big shifts.
Fix: Don’t ignore the squeeze. Bollinger Band pinch = breakout fuel.
---
Rumour Has It…
In a desperate bid to solve market stagnation, Wall Street has reportedly hired a motivational speaker named Terry the Turnaround Candle.
His credentials?
He once convinced a doji to become a dragonfly.
Sources say he opens every session with, “Are you going to let that Bollinger Band define you?!”
Meanwhile, the Fed is beta-testing new AI price models based on squirrel hoarding patterns in Central Park.
Traders remain cautiously optimistic.
Squirrels remain heavily long acorns.
This section is entirely made-up satire. Probably.
---
Fun Fact
Did You Know?
The term “month-end rebalancing” sounds official… but it’s really just fund managers shuffling things around so their spreadsheets look prettier.
They often trim winners, pad laggards, and balance sector weights.
But in low-volume markets like this week, even tiny shifts can cause weird little waves that trigger setups.
So when price “randomly” spikes or dips late in the session on month’s end?
It’s often not news – it’s bookkeeping chaos in disguise.
Which is why we trust setups, not headlines.
Nightly $SPY / $SPX Scenarios for April 30, 2025 🔮
🌍 Market-Moving News 🌍
🇺🇸 Bessent's Trade Remarks Stir Markets
Treasury Secretary Scott Bessent emphasized the U.S.'s readiness for a significant trade deal with China, suggesting potential easing of the ongoing tariff war. His comments have heightened investor anticipation for developments in U.S.-China trade relations.
📉 China's Factory Activity Contracts
China's April manufacturing PMI is projected to fall below 50, indicating contraction, as recent U.S. tariffs impact production. This downturn raises concerns about global supply chain disruptions and economic slowdown.
💼 Major Earnings Reports on Deck
Investors await earnings from key companies including Apple ( NASDAQ:AAPL ), Alphabet ( NASDAQ:GOOGL ), Meta Platforms ( NASDAQ:META ), Microsoft ( NASDAQ:MSFT ), and Amazon ( NASDAQ:AMZN ). These reports will provide insights into how tech giants are navigating current economic challenges.
🏛️ Treasury's Borrowing Plans Under Scrutiny
The U.S. Treasury is set to release its quarterly refunding announcement, detailing borrowing plans amid economic uncertainties and the impact of recent tariffs. Market participants will closely analyze the guidance for implications on interest rates and fiscal policy.
📊 Key Data Releases 📊
📅 Wednesday, April 30:
📈 Q1 GDP (8:30 AM ET)
Forecast: 0.3% QoQ
Previous: 2.4%
Initial estimate of U.S. economic growth for Q1, reflecting the early impact of new trade policies.
📈 ADP Employment Report (8:15 AM ET)
Measures private sector employment changes, offering a preview of the official jobs report.
📈 Chicago PMI (9:45 AM ET)
Assesses business conditions in the Chicago area, serving as an indicator of regional economic health.
⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
April 29 Trade Journal & Stock Market AnalysisEOD accountability report: +686.25
Sleep: 8 hour, Overall health: :thumbsup:
Overall a decent day, but signals felt iffy today.
**Daily Trade Signals based on VX Algo System**
— 10:00 AM Market Structure flipped bullish on VX Algo X3!
10:27 AM VXAlgo ES X1 Sell Signal (double signal) :x:
1:08 PM Market Structure flipped bearish on VX Algo X3! :x:
1:51 PM Market Structure flipped bullish on VX Algo X3!
— 2:20 PM VX Algo ES X1 Sell Signal :x:
— 3:38 PM VXAlgo ES X3 Sell Signal (Double signal)
Next day plan--> Over 5470 = Bullish, Under 5470 = Bearish
Video Recap -->https://www.tradingview.com/u/WallSt007/#published-charts
S&P500 repeating the 2019 recovery-Can hit 7000.The S&P500 index (SPX) is making a remarkable recovery as it completed yet another strong 1W green candle last week following the rebound on its Higher Lows Zone, near the 1W MA200 (orange trend-line).
This is a mirror price action with the last 1W MA200 rebound of the 2016 - 2019 Bullish Megaphone pattern, which not only recovered its previous All Time High (ATH) but also peaked on the 1.618 Fibonacci extension before the eventual 2020 COVID crash.
As a result, we believe that a 7000 Target is a very plausible one on the long-term.
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** 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.
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April 28 Trade Journal & Stock Market AnalysisEOD accountability report: +1228
Sleep: 8 hour, Overall health: :thumbsup:
Signals were pretty on point today, almost all of them worked out effectively, I mainly use the signals to guide my direction and 20pt stoploss to prevent the position from blowing up.
**Daily Trade Signals based on VX Algo System**
— 9:30 AM VXAlgo ES X1 Sell Signal, (B+ Set up, triple sell)
10:30 AM Market Structure flipped bearish on VX Algo X3!
12:35 PM VXAlgo ES X1 Buy signal (Double signal)
— 2:00 PM VXAlgo NQ X3 Buy Signal
2:30 PM Market Structure flipped bullish on VX Algo X3!
Next day plan--> Over 5470 = Bullish, Under 5470 = Bearish
Video Recap -->https://www.tradingview.com/u/WallSt007/#published-charts