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S&P 500 (SPX500)

S&P bulls regain control, aiming for the new highAfter the major sell-off in the first week of September, the market has made a U-turn, rebounding to its previous highs. This outcome was anticipated as highly likely in my last review, though, as is often the case, the market exceeded boldest expectations. Currently, we have confirmed a weekly higher low, which provides a solid foundation for the continuation of the uptrend. It’s also worth noting that the rally is being driven by risk-on assets like XLK and XLY, reflecting growing investor confidence. The mid- and long-term outlook remains bullish, though heightened volatility is expected as we approach the US elections. Important levels: 539.4 - major weekly low. Bulls must protect this level to keep uptrend intact 565.2 – major monthly high. There might be some resistance at this level. Bulls must clear it for uptrend continuation. FOMC meeting is set for Wednesday but it is not expected to bring big surprises.
AMEX:SPYLong
by hermes_trisme
Combined US Indexes - Bullish Flip?Previously though that there would be some volatility and a bearish trend forming with a previous low revisited, BUT NO... volatility popped and then so did the indexes. They bounced to meet the trendline resistance to end the week. In the same effort, closed the Gap as well. Meanwhile, MACD and VolDiv are turning upwards in support. Current flip to Bullish Confirms with breakout of trendline (after Gap closure) Watch these week's price action...
CME_MINI:ES1!Long
by Auguraltrader
SPX500 H4 | Falling to overlap supportSPX500 is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 5,563.51 which is an overlap support. Stop loss is at 5,490.00 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level. Take profit is at 5,655.91 which is a swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% 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. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:SPX500Long
by FXCM
SPX: on a verge of new ATHAfter the S&P 500 had the worst week in 2024, two weeks ago, the previous week brought the best week in 2024. This is how swift the investors sentiment has changed at the current moment. The index started the week at the level of 5.438 and reached its highest weekly level at Friday's trading session at 5.626. By gaining around 4% for the week, the index is currently only 1% lower from it's all-time highest levels. Aside from tech companies and semiconductor industry, this week utilities and industrials were also in the spotlight of the market. Published US inflation figures pushed the investors sentiment higher in expectation that the Fed now has a clear case for the first rate cut. The inflation is clearly on a down path, reaching the level of 2,5% y/y in August. Investors are perceiving that the environment of lower interest rates would help the industries in the US to increase earnings, and they are adjusting their positions accordingly. The FOMC meeting is scheduled for 19th September, where some increased volatility and market nervousness might be expected. Certainly, the Fed's decision will impact the course of equity markets during the third quarter. After the FOMC meeting its is going to be known if the S&P 500 is heading toward the fresh new ATH.
SP:SPX
by XBTFX
Weekly Recap & Market Forecast $SPX (Sept 15th—> Sept 20th)Hello Investors! 🌟 This week, US equity markets rebounded sharply as investors scooped up shares ahead of the September FOMC meeting. Let's break down the key events that shaped this rally-filled week in the markets. 📈 **Market Overview:** Following last week's heavy selling, investors took advantage of lower prices to buy into the market ahead of the Fed's September policy decision. The US 10-year yield traded 5 basis points above the 2-year, continuing the yield curve's steepening and normalization. Tuesday's debate between former President Trump and VP Harris made headlines, though it is expected to have minimal impact on the upcoming election. Investor sentiment took a midweek hit after comments from major US banks at investor conferences raised concerns, while the Fed’s Barr introduced a watered-down proposal on Basel capital requirements for banks. Additionally, soft economic data from China fueled speculation about potential stimulus measures from the PBOC. Meanwhile, Brent crude prices dipped below $70/barrel for the first time since December 2021, with ongoing demand concerns largely emanating from China. The US equity markets initially sold off after the release of August’s CPI report, which showed the owners-equivalent rent index accelerating for the second consecutive month, despite economists' and business leaders' belief that housing costs are moderating. The Yen strengthened further as BOJ officials continued to signal policy adjustments. Gold futures reached new highs, surpassing $2600 for the first time in non-inflation-adjusted terms. The ECB cut rates by 25 bps, though President Lagarde’s tone suggested the ECB may wait for further data and for the Fed to begin easing before cutting rates again. Later in the week, stocks rallied on renewed interest in the AI trade, fueled by bullish comments from Nvidia and Oracle. Nvidia's CEO, Jensen Huang, confirmed that the Blackwell chip has entered full production and will ship in Q4. Oracle’s CEO, Larry Ellison, delivered strong results and optimistic long-term growth forecasts during their earnings call, sparking enthusiasm for the tech sector. Apple also launched its latest iPhones, integrating ChatGPT into its new ‘Apple Intelligence’ initiative. In labor news, unions continued to flex their muscles, with Boeing's largest union rejecting a labor deal and announcing a strike that could slow production and impact the company’s recovery. AT&T's west coast operations and the NY Times tech guild also threatened strike action, while Amazon responded to unionization pressures by announcing a SEED_TVCODER77_ETHBTCDATA:2B investment in driver training and pay hikes. By the end of the week, the S&P 500 climbed back above 5,600, trading at more than 20x next year’s expected earnings, an area that has been a point of resistance since the index's all-time highs in July. Former Fed officials and market watchers continued to push for a 50 bps rate cut, with futures markets shifting in that direction. For the week, the S&P gained 4%, the DJIA rose 2.6%, and the Nasdaq surged nearly 6%. **Stock Market Performance:** - 📈 S&P 500: Up by 4% - 📈 Dow Jones: Up by 2.6% - 📈 Nasdaq: Up by 6% **Economic Indicators:** - **US 10-Year Yield:** Traded 5 bps above the 2-year yield amid continued curve steepening. - **August CPI Report:** Showed the owners-equivalent rent index accelerating, raising concerns despite expectations of housing cost moderation. - **Brent Crude:** Dipped below $70/barrel for the first time since December 2021 due to demand concerns from China. - **ECB Rate Cut:** The ECB cut rates by 25 bps, with a cautious outlook for further cuts. - **Gold Prices:** Hit non-inflation-adjusted highs above $2600. **Corporate News:** - **Nvidia:** CEO Jensen Huang confirmed that Nvidia’s Blackwell chip is in full production and will ship in Q4, driving enthusiasm in the AI trade. - **Oracle:** Delivered strong earnings and bullish long-term growth forecasts, with CEO Larry Ellison predicting robust growth through 2029. - **Apple:** Launched its latest iPhone series, incorporating ChatGPT into its new ‘Apple Intelligence’ platform. - **Boeing:** Faced setbacks after its largest union rejected a labor deal, announcing a strike that could jeopardize production and the company’s recovery. - **Amazon:** Responded to unionization pressures by announcing a SEED_TVCODER77_ETHBTCDATA:2B investment in driver training and pay increases. - **AT&T & NY Times Tech Guild:** Both faced potential strike actions, adding to labor-related pressures across industries. **Looking Ahead:** Next week will feature several key events: - **Fed Policy Decision** - **FOMC Dot-Plot** - **Powell Press Conference** - **U.S. Retail Sales** - **U.S. Housing Data** As we look forward, these developments will be crucial in shaping market sentiment and guiding investment decisions. If you have any questions or need further insights, feel free to reach out. Here’s to another week of informed investing and strategic decision-making! 🌟
TVC:DXY
by WallSt007
#202438 - priceactiontds - weekly update - sp500Good Evening and I hope you are well. tl;dr sp500: Neutral. Big triangle on the daily chart and we are 40 points below the previous big resistance. Resistance is just that until clearly broken. Sideways movement between 5400 - 5670 is more likely than a new ath above 5721. If bulls break above 5670, a new ath becomes more likely and bellow 5550 I think the bears are favored again, at least for 5400. Quote from last week: comment: Strong bearish momentum is what we got with the bearish engulfing candle on Monday and market never looked back. 50% pullback is almost exactly at Friday’s close and if we get a pullback before 5200, it will be here. What are the chances? No idea, so every time that is so, it’s 50/50. Absolutely favoring the bears to continue down to 5200, with or without pullback. So if we get one, I will load on swing shorts. comment: Favored the bears last week and wanted to load on shorts on this pullback but bears were practically gone, so no shorts for me. Lower highs and higher lows. Triangle on the daily chart until broken. Not much difference to the other indexes. Above 5670 bulls are favored for 5700+ and maybe a new ath and bears would need a strong reversal below 5650 for bulls to cover their longs again. Similar to 2024-09-03 where bears printed a huge bearish engulfing bar, that is that they would need here as well. current market cycle: trading range (triangle) key levels: 5400 - 5700 bull case: Traps on both sides and 5630 is a very good place to trap bulls again, like they did 2 weeks ago. Not much more to say other what I wrote in my comment. Bulls are slightly favored here until bears come around again but buying above 5600 right now is a bad trade, no matter how you put it. If bulls get follow through on Monday, I join them but no earlier. Invalidation is below 5500. bear case: Bears need to keep this a lower high or probably face a new ath test. Since bulls printed a 5 bar micro channel last week, bears have no good arguments until they print a bear bar on the daily chart. Market is undecided and erratic, don’t overstay your welcome to either side. If we see 5700+ next week, I will think deeply about when and where to short. Last time we hit 5700, market spent 5 days around that price before turning down hard for 10%. Invalidation is above 5670. outlook last week: short term: Full bear mode and yet we could get a 100+ point pullback. So shorting 5419 is not advisable as of now. Wait for bears to come around again. If bulls can get to 5500 again, look for a reversal and then you could load up on shorts. I do think it’s more likely that we will make high lows instead of lower lows and form a triangle. → Last Sunday we traded 5419 and now we are at 5629. I warned against being bearish at the lows and wait for a pullback. Pullback was way stronger than expected so meh outlook. short term : Neutral between 5400 - 5670. I slightly favor the bears when they print a good bear bar on Monday because of the triangle. Above 5670 I scalp long and see how high we can get. medium-long term - Update from 2024-09-01: Very much like my outlook in dax. Trading range on the daily chart and we are at the highs. We could make higher ones or not. Does not matter much. I expect 5000 to be hit again in 2024. current swing trade: None. chart update: Removed the ABC correction and added the bull wedge.
CME_MINI:MES1!
by priceactiontds
SPY: Short-Term Selloff Anticipated After Fed Rate Cut DecisionIf you haven`t bought the recent dip on SPY: Now you need to know that as the Federal Reserve approaches its rate cut decision this week, speculation is high that we may see a larger-than-expected cut of 50 basis points rather than the anticipated 25. This could trigger a short-term selloff in equities, including the SPY (S&P 500 ETF), despite the initial market reaction. The market often exhibits a “buy the rumor, sell the news” behavior, and this situation could be no different. With expectations set for a 25 basis point cut, a surprise 50 basis point reduction might lead to concerns about the underlying economic conditions. This could prompt a selloff in major indices, including SPY, as traders and investors react to the Fed’s unexpected move. In the immediate aftermath of the Fed decision, SPY might see a brief uptick as market participants adjust their positions and optimism prevails. However, this short-term rally could be quickly overshadowed by a broader correction. As the market digests the implications of the Fed's actions and potential economic concerns come to light, SPY is likely to experience a pullback. For those looking to capitalize on this potential downturn, the $550 strike price puts expiring on October 18, 2024, could be a prudent choice. These puts offer a strategic way to hedge against or profit from the anticipated short-term decline in SPY. Given the expected correction following the Fed's rate cut, this option could provide significant value as SPY faces downward pressure. While SPY may experience an initial rise in response to the Fed’s decision, the broader market sentiment is likely to shift towards risk aversion, leading to a correction in the weeks following the announcement. By October 18, the broader market and SPY could be reflecting these adjustments, making the $550 puts a timely investment. In summary, while SPY might see some early gains next week, a correction is expected to follow as the market reacts to the Fed’s decision. The $550 strike price puts expiring on October 18, 2024, could offer a valuable opportunity for those anticipating this short-term volatility.
AMEX:SPYShort
by TopgOptions
S&P 500 Daily Chart Analysis For Week of Sep 13, 2024Technical Analysis and Outlook: Throughout the trading sessions of the current week, the S&P 500 Index has exhibited notable resilience, demonstrating a movement toward the Mean Resistance level of 5648 and the Key Resistance, and completed the Inner Index Rally level of 5666. A resilient rebound to this level in the upcoming week’s session is highly likely, with the possibility of further movement to the subsequent Inner Index Rally at 5739. Conversely, an anticipated downward movement toward the targeted Mean Support level of 5557 is expected upon achieving a resilient rebound.
SP:SPX
by TradeSelecter
SPY 09/12Well on track for the big blow-off top idea. Expecting to see 565 in the next few days, then potentially higher to new ATH Disclaimer: This idea is not intended as investment advice and should not be interpreted as an offer to sell or a recommendation to purchase any asset. Any decisions made based on the information presented in this idea are the sole responsibility of the individual. All investment decisions should be made independently, taking into account your financial situation and objectives.
AMEX:SPYLong
by variable_not_defined
SPY/QQQ Plan Your Trade For 9-13 : Rally DayPlease take a minute to watch this video, and possibly some of my earlier videos from this week, as we continue to see the SPY, QQQ, and Bitcoin continue to move through an Excess Phase Peak pattern. It is very important for traders to understand the eventual A/B outcome of the Excess Phase Peak pattern. For the SPY/QQQ, we are still flagging into what is very likely to be a rolling top pattern - setting up a broad downward price trend in the near future. The only thing that can stop that rollover top is a rally to new ATHs (which can happen to invalidate the Excess Phase Peak pattern). Because of these pattern setups, it is important to see were the SPY ends this current rally phase and if the SPY can rally above the recent ATH levels or not. Gold is moving into a temporary topping pattern above $2600. I would think the 2613 level would be the ideal topping level for Gold - but I would expect Gold to struggle to move up to the 2613 level at this point. Bitcoin is showing an inverted Excess Phase Peak pattern. I go into detail about this pattern and what we need to look for over the next few weeks. Ultimately, I believe the markets are moving into a transitional price rollover ahead of the election. Plan, prepare, and Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
2024-09-12 - priceactiontds - daily update - sp500Good Evening and I hope you are well. tl;dr Indexes - Strong follow through by the bulls after another nasty bear trap. On lower time frames we got some sell spikes but mostly due to bulls taking profits and not strong bears shorting. Bullish price action can’t be denied and on the daily charts we are moving closer to the shallow bear trend lines from the ath and we are mostly inside triangles. Daily charts tell the story and it’s bullish so we can’t expect a strong bear reversal tomorrow. sp500 e-mini futures comment: Triangle is still my preferred pattern for now. Tomorrow we could see 5640 but anything above is uncertain. At that level I would get out of most longs. Currently I don’t have any interest in selling, since we have seen many bear traps. Today bears could not close a 1h bar below the 20ema, so look how market behaves if we get there again tomorrow. Buy on strength and don’t get fooled into shorts on strong selling. It was strong but disappeared in an instance and bulls melted higher again. current market cycle: t rading range and also minor bull trend inside since we are making higher lows and higher highs key levels: 5400 -5650 bull case: Bulls bought 5550 until bears gave up. The selling around the open was strong enough to trap many bears and that’s why the move up was so violent again. Bulls are in full control until we make lower lows again. Targets above are obvious. Next one is open of the month + high of the month around 5670 and above that is the ath 5721. Last time we got above 5600, market did go sideways for 10 days and this time we could see a breakout above or below somewhat faster. Invalidation is below 5540. bear case: Bears tried to keep it below 5580 but since they could not close below the 1h for 3h, they gave up and market moved up in a perfect small pullback bull trend which held above the 1m 20ema for an hour and 35 points. So what’s next for bears? Do or die moment around 5650 to keep it a lower high. If they fail, we most likely print a new ath. Rough guess is that bears won’t try to close the week with a red bar but just keep it below 5670. Invalidation is above 5670. short term: Max bullishness as long as the 1h 20ema is not broken and until we hit 5650/5660. I’d close longs there on any weakness and probably won’t do anything until next week. medium-long term - Update from 2024-09-01: Very much like my outlook in dax. Trading range on the daily chart and we are at the highs. We could make higher ones or not. Does not matter much. I expect 5000 to be hit again in 2024. current swing trade: Only intraday scalps currently. Still think next 500 points are made to the downside and not up. trade of the day: Buying the bear trap on the US open was as perfect of a trade as it gets.
CME_MINI:MES1!Long
by priceactiontds
SPY/QQQ Plan Your Trade Update : GOLD Breakout WINNERGetting through my morning with phone calls and coding - I took a break to check on the markets and what did I see? A huge breakout rally in GOLD. This huge move higher (+$40) is a massive win for those who followed my Plan You Trade Videos. I've been saying any price move above $2565-$2575 would be a gift and traders should attempt to BOOK PROFITS as Gold moves above these levels. I warned not to hold positions above $2585-2593. In fact, I'm expecting a bit of a metals flash-crash event to take place near mid-October. But, today is a winner day for gold traders. A HUGE WINNER day. I'm so happy to hear from all of you about your success with my Plan Your Trade videos. This is what it is all about - help you become a more skilled trader. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
COMEX:GC1!Long
by BradMatheny
S&P 500 chart analysisThe S&P 500 is currently forming a symmetrical triangle pattern, signaling potential consolidation within this chart structure. The stock is likely to trade between the resistance level at 5650 and the support level at 5400 in the near term. If the index fails to hold above 5400, it may drop towards the next key support at 5300. A breakout above 5650 would suggest a bullish move, while a breakdown below 5300 could lead to further downside. Traders should monitor price action around these levels for confirmation of the next direction.
SP:SPX
by TraderhrTrading
SPY/QQQ Plan Your Trade For 9-12 : BreakAway PatternMuch like yesterday's pattern, today is a Breakaway pattern for the SPY. I believe today's price move will be more muted than yesterday's big rally off the 540 lows. Combining the 830 jobs data with price expectations is difficult. I believe jobs data will be relatively soft, and traders will interpret that as the Fed may decrease rates before the end of this year. But I believe traders will be wrong, and the markets will flatten out this afternoon (after some morning volatility). Ultimately, the Fed is very confident that it will leave rates where they are unless something breaks. And because of that, I believe traders are trying to WISH the Fed into making a move. Because of this dynamic, I believe hedge assets will continue to melt upward and we will move into a fairly consolidated price period between now and the Nov 5 election. Overall, I believe most of today's price action will take place before Noon ET. Buckle up and prepare to take the afternoon off if my research is correct. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
BITSTAMP:BTCUSDLong
by BradMatheny
S&P 500 Poised for Bullish Move Ahead of CPI ReportS&P 500 Technical Analysis with Inflation Data: U.S. futures remain steady ahead of the highly anticipated CPI report. The market is expected to be highly sensitive to the results. Current projections suggest the CPI will be around 2.5%, which would signal a weakening USD, potentially driving indices into a strong bullish trend. However, if the CPI comes in above 2.7% or 2.8%, the market movement could become unpredictable, with a possible downward shift. The S&P 500 is currently trading above the pivot line of 5,453, with potential upside targets at 5,526 and 5,573. Conversely, if the price falls below 5,453, it increases the likelihood of a move toward 5,412, particularly if the CPI exceeds 2.7%. Key Levels: Pivot Point: 5460 Resistance Levels: 5525, 5573, 5616 Support Levels: 5436, 5412, 5360 Expected Trading Range: 5412 - 5573 Trend: Bullish as long as the price remains above 5,453.
OANDA:SPX500USDLong
by SroshMayi
SPY/QQQ Plan Your Trade For 9-11 : Inside BreakawayToday's pattern suggests the SPY will open within yesterday's price range and attempt to "break away" from yesterday's range. I still believe we are moving into a secondary Excess Phase Peak pattern (flagging higher), which will prompt the SPY to attempt to rally to near 560. Because of this, I'm expecting a continued upward push toward the 558-560 area before it stalls and tops out. I suggest traders prepare for a lot of morning volatility today in early trading, followed by a strong push into higher price trending (upward) as today's BreakAway plays out. Gold and Silver are making a decent move higher - as I suggested. Remember, Gold and Silver will peak out within the next 4~5 days and will likely reach a sudden peak/top after Sept 20th, resulting in a quick, deep-V type collapse. I expect metals to move into that Deep-V base/bottom before October 11~14 (roughly). The US markets and Metals will suddenly flash-crash as we move closer to the US elections. This move will likely be news or event-related. But I feel it is inevitable at this point. Bitcoin will likely follow gold/silver and move into a moderate flash crash mode nearly simultaneously as metals. Get ready. This flash crash trend should be a great opportunity for skilled traders. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
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