SPX chit chat... we're still up for nowAfter that crazy April 2025 crash, it feels like we should not be this high so fast... that's how I felt before too. But the rising channel is holding up right now. We are approaching the top. In previous times, the market grinded even higher (COVID pandemic was the last example).
Today we squeezed out new ATHs. The month ends next week and a new one begins. Less fear; more charts for the rest of the year.
See you in August!
S&P 500 (SPX500)
Extended rally off April lows should be completing imminentlyEvery so often, a market move defies conventional expectations of retracement—and the rally off the Liberation Day lows is exactly that. It’s extended longer and climbed higher than even the most bullish forecasts imagined in early April. No one remembers the calls for an imminent recession by most large Wall Street firms.
Now, we're pushing into yet another all-time high—despite glaring negative MACD divergence and a financial media landscape that’s nothing short of euphoric.
The narratives being pushed? Honestly, it’s hard to write them with a straight face:
Tariffs are no longer inflationary. Apparently, I wasted time and tuition learning international trade theory and macroeconomics. Who knew deficits and trade imbalances didn’t matter anymore? Who pays tariffs again? ...never mind.
Weak momentum since mid-May signals not exhaustion—but an “unhealthy absence” of institutional selling, which apparently means the retail trader is in full control now. Because that always ends well... right?
S&P500 push to new ATH? Key Developments:
AI Drives Earnings Momentum
Alphabet reported strong results, but flagged surging AI infrastructure costs, signaling increased capex ahead.
SK Hynix posted record earnings and committed to expanding AI-related investments, reinforcing the sector’s critical growth role.
Investor sentiment remains AI-positive, with capital rotation favoring tech and semiconductors despite margin compression risks.
Banking Sector Boosted by Tariff-Driven Volatility
Deutsche Bank’s FIC (Fixed Income & Currencies) trading revenue jumped 11% to €2.28B, its best Q2 since 2007, aided by global trade uncertainty.
BNP Paribas also beat earnings estimates, continuing the strong showing from European banks amid market volatility.
Trade & Tariff Watch
The EU and US are nearing a deal on a 15% standard tariff rate, potentially stabilizing trade flows and market pricing.
Trump’s broader reciprocal tariff push remains in focus, especially after the US-Japan deal. Investors are watching for signs of escalation or resolution with other partners like the EU and Canada.
Fed in the Political Spotlight
Trump visited the Fed’s construction site, criticizing costs and maintaining pressure on Chair Jerome Powell.
Speculation about Fed leadership changes and political interference is unsettling, though markets have largely shrugged this off for now.
Meanwhile, House Republicans are drafting a follow-up tax-and-spending plan, which could shape future fiscal policy and market expectations.
Conclusion: S&P 500 Trading Outlook
The S&P 500 remains buoyed by strong earnings, particularly from AI-linked sectors and financials, while geopolitical risks and tariff volatility are being absorbed as catalysts for trading profits rather than panic.
Bullish factors: Strong corporate earnings (Alphabet, SK Hynix, Deutsche Bank), potential trade de-escalation (EU-US tariff deal), and AI momentum.
Risks to monitor: Rising AI capex (impact on margins), political tension around the Fed, and tariff uncertainty.
Key Support and Resistance Levels
Resistance Level 1: 6387
Resistance Level 2: 6457
Resistance Level 3: 6502
Support Level 1: 6272
Support Level 2: 6224
Support Level 3: 6156
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
$COIN Wave 4 pullback?NASDAQ:COIN had a tremendous run, a text book Elliot wave 3 but has confirmed bearish divergence on the daily RSI.
The trend is strong so wave 4 could be shallow, only reaching the previous all time high, High Volume Node and 0.236 Fibonacci retracement and daily pivot point between $322-345
Further decline brings up the High Volume Node support at 0.382 Fib retracement and ascending daily 200EMA! Also a highly probable scenario!
Long term outlook remains around $600 target
Safe trading.
Do you want to keep buying SP500?Hello all. I usually love to work analyzing volumes, times and key level, i am not used to check the standard indicators, but this time i'll made an exception. Lot of indicators (AO, MACD, RSI, OBV) are showing weakness on higher timeframe with a strong bearish divergence (like the one i am sharing now on AO). On smaller timeframe i usually ignore this signals, because they can result in a little retrace, but on higher timeframe like this one can be a strong reversal indicator. But this is not the only things that let me open this position. Going deeper into my analysis, i have a first key level at $6270. Once we will break below this level, i'll open my first sell order with a stoploss a little higher than ATH. If price will break below my second key level at $6120 i'll open my second short order. My main and final target is $5300 (around -16% from now) but i will consider to secure profits before this level. I'll update you guys, and let me know if you are agree with me or not. Cheers
S&P500: Rally ContinuesYesterday, the S&P 500 managed to notch modest gains once again. In line with our primary scenario, the ongoing magenta wave (B) is likely to continue climbing toward resistance at 6,675 points. Once this corrective upswing reaches its peak—still below that level—we anticipate a pullback as part of wave (C), which should drive the index below support at 5,127 points. Beneath this threshold, our green long Target Zone spans from 4,988 to 4,763 points. We expect the low of wave (C) and the conclusion of the broader green wave to occur within this range. From there, a sustained rally is expected to unfold in wave , which should lift the index above resistance at 6,675 points and complete the cyclical blue wave (III). As a result, this price range can be considered for long entries. The alternative scenario, which calls for a direct breakout above the 6,675-point level without a prior pullback, remains in play with a 40% probability.
📈 Over 190 precise analyses, clear entry points, and defined Target Zones - that's what we do (for more: look to the right).
Market Breadth Flashes Warning, but S&P 500 Still Holds SteadyThe S&P 500 continues its slightly positive movement. However, the momentum has been slowing, forming a long, wedge-like pattern. These long wedges have been a recurring feature in the stock market for years. From the monthly timeframe to the 1-hour chart, the market often forms wedges.
Wedge formations tend to break to the downside but can persist for a long time before doing so. The S&P 500 typically makes a sharp correction selloff, then recovers in a "V" shape, followed by the formation of another wedge. This pattern appears to be repeating once again. Still, there are some negative signals that traders should be aware of:
1- The impact of tariffs on growth remains a major unknown. Most tariff deals have not been finalized yet. While the Japan agreement is a positive step, negotiations with the EU will be more significant.
2- Many earnings reports will be released in the coming weeks, potentially shaping market sentiment. These earnings will reflect some of the tariff effects. AI and tech remain the key market drivers, so their results will be especially important.
3- Some breadth indicators are showing early warning signs. One of the most useful is the "percentage of stocks above the 200-day moving average." This metric shows whether the market is broadly participating in the rally or being driven by a few large-cap names. Typically, when the market weakens, traders rotate into mega caps. The rounded numbers below shows the weakness:
March 2024 Top: 5250 - Percantege Above 200 MA: 85%
July 2024 Top: 5675 - Percantege Above 200 MA: 80%
December 2024 Top: 6100 - Percantege Above 200 MA: 74%
July 2025 Current: 6309 - Percantege Above 200 MA: 66%
This shows that fewer and fewer stocks are managing to stay above their 200-day moving average while S&P making new highs. This is not an immediate red flag, but the weakening is apparent.
In summary, the slightly positive outlook remains intact for now and is expected to continue until the wedge breaks with some early warning signs. If that happens, a sharp selloff may follow, creating both selling and buying opportunities. In the short term, 6280 is the immediate support level to watch.
Expect Correction august/septemberMarkets MUST correct, everything is overbought and sentiment is Extreme greed. RSI points to extreme overbought territory, VIX very low and not going any lower (reached bottom).
Usually august/september the market corrects. so i expect a correction around 5-8%.
Be prepared, dont chase FOMO. Be careful.
SP:SPX TVC:SPX CBOE:SPX CBOE:XSP AMEX:SPY
S&P500 sideways consolidation breakoutKey Developments:
Fed Politics: Treasury Secretary Scott Bessent called for a review of the Fed’s $2.5B HQ renovation, continuing political pressure on Jerome Powell. This adds to the uncertainty around Fed independence and rate path.
Meme Stock Surge:
Opendoor soared 121% amid a retail-driven frenzy.
Major institutional investors are also chasing the rally, pushing broader equities to record highs.
However, upcoming Alphabet and Tesla earnings could be a turning point for momentum.
Corporate News:
Hewlett Packard Enterprise suffered a $985M loss in the Autonomy case—corporate governance and M&A risks in spotlight.
Sarepta paused drug shipments amid backlash—biotech volatility rising.
LA Times plans IPO—media valuations may resurface.
Crypto Moves:
Trump Media bought $2B in Bitcoin and related assets, aiming to become a crypto treasury.
JPMorgan may lend against crypto, signaling broader institutional adoption.
Tech & AI:
MIT’s Andrew Lo predicts AI will make real investment decisions in 5 years.
OpenAI–Oracle to expand US data center capacity by 4.5 GW—significant tech infrastructure tailwind.
Conclusion for S&P 500 Trading:
The S&P 500 remains supported by strong risk appetite, AI optimism, and crypto momentum, but faces near-term tests from key tech earnings (Alphabet, Tesla). Political noise around the Fed and signs of speculative froth (meme stocks) could introduce volatility. Stay bullish with caution—watch earnings and Fed commentary closely for market direction.
Key Support and Resistance Levels
Resistance Level 1: 6340
Resistance Level 2: 6390
Resistance Level 3: 6457
Support Level 1: 6270
Support Level 2: 6224
Support Level 3: 6156
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
S&P 500 H1 | Swing-low support at 38.2% Fibonacci retracementThe S&P 500 (SPX500) is falling towards a swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 6,291.07 which is a swing-low support that aligns with the 38.2% Fibonacci retracement.
Stop loss is at 6,270.00 which is a level that lies underneath a pullback support and the 50% Fibonacci retracement.
Take profit is at 6,338.29 which is a swing-high resistance.
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July 21 Special Update : Metals, SPY & More. What's Next.This special update is to highlight why I continue to believe traders should stay very cautious of this rally in the SPY/QQQ/BTCUSD.
Underlying economic data suggest that this is one big speculative rally following the April Tariff collapse.
And, the economic data I see from my custom indexes suggests the markets are moving into a very volatile and potentially dangerous topping pattern.
As I've stated many times in this video. I'm not saying the markets have topped and you should SELL EVERYTHING. I'm suggesting this market is extremely over-valued in terms of the underlying risk factors at play and the very clear data that suggests the markets are already in a recessionary price trend.
You may ask, "How can the markets continue to rally like this in a moderate recession?".
The answer is simple.
All bubbles end with a super-speculative phase. This phase is where everyone piles into a euphoric attempt to ride the rally higher.
It happened in the late 1990s. It has happened again through the 2000-2005+ housing bubble. Heck, it has occurred in the collectors market over the past few decades where people spent fortunes on the "hottest items" (think Beanie-Babies) only to find out they bought at the height of the bubble.
That is why I continue to urge traders to remain cautious and to withdraw profits from this speculative rally phase. Protect your investment capital immediately and consider the risks associated with the information I share in this video.
I'm not trying to scare anyone. I'm just trying to be realistic in terms of what I see in my data and why I believe now is the best time to MOVE TO SAFETY.
My data suggests that the markets are about to enter a fragile and potentially dangerous pullback phase. If you want to ride it out - go for it.
Otherwise, prepare for significant volatility over the next six months or more.
Get some.
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SPY - On Our Way To Target 3 ...But First?Trading Fam,
It's been a while since I updated you all on the SPY, which, as you know, we track closely to help us determine the overall market trend. Since we have now exceeded my Target #2, it's time for me to give you all another update. But first, a little context for my new readers which I have been getting a lot of recently, thanks to my new indicator hitting it out of the park.
So, we began marking targets on our chart here after spotting an inverse H&S on the daily chart a few years ago. Many of my followers back then were doubtful the pattern would fully form, or if it did, that it would actually play out. But the pattern completed about 14 months ago and subsequently broke the neckline in June of last year. I then knew we were going full send and have been predicting a 700 SPY final target since. This target has been made utilizing both that inverse H&S pattern as well as a longer-trend Elliot Wave, which I don't have denoted here at this point. The chart gets too messy with all of my markings. Regardless, we are currently in wave 5 and heading steadily towards that 670-700 target #3, my final target.
But be careful! Today, we have hit the underside of that RED area, which is HUGE resistance. I would expect that we will NOT break straight through this without some pullback prior. Indeed, the market is overextended at this moment, and we'll need the volume to be able to push through. Could this occur? Of course, anything is possible. But, it is not likely right now.
My guess is that we'll at least pull back to one of those levels below us or possibly even re-touch that 200 SMA in red before the final push.
Anyways, it is worth taking note of what may be ahead of us in the next few weeks or months so that you can plan your trades accordingly. Stay with me. We're almost there.
✌️Stew
SPX: Banks beat, stocks peakThe US equity markets remained relatively resilient this week, despite ongoing concerns about trade policy developments. After last week’s slight retreat from its all-time high, the S&P 500 resumed its upward momentum early in the week, continuing to hover near record levels. The index reached a new highest level of 6,315 on Friday before pulling back slightly, closing the week at 6.296.
Bank earrings were in focus of investors during the previous week. Overall, Q2 reports from major U.S. banks showed resilience — better-than-expected earnings, strong interest income, and robust capital actions. So far, the finance sector has seen Q2 earnings rise around 13% y/y and 3,4% revenue growth. In addition, a stress test posted by Fed underpin confidence as all major banks, including JPMorgan and Citi showing resilience also under potential stress conditions. However, both bankers and investors held a cautious tone on macro/public policy risk.
Investors' confidence was additionally boosted by better than expected US macro data posted during the previous week. The inflation rate in June was 0,3% for the month and 2,7% on a yearly basis. At the same time, retail sales beat market expectations with an increase of 0,6% in June. As per analysts reports, currently 27 stocks included in the S&P 500 are trading at the all time highest levels. The ADM company, which is well known for producing Coca Cola, had a drop in the value of shares of 2% after the US President requested from the company to use real cane sugar in their popular drink.
From July 23st a composition of companies included in the S&P 500 index will be changed. A crypto company Block will be included, while the company Hess will be excluded from the index. Shares of the Blok surged by 10% on Friday, after the release of the news.
ES Weekly Outlook & Game Plan 20/07/2025ES Weekly Outlook & Game Plan
🧠 Fundamentals & Sentiment
Market Context:
ES continues its bullish momentum, driven by institutional demand and a supportive U.S. policy environment.
📊 Technical Analysis:
Price is currently in price discovery, and the weekly structure remains strongly bullish — so I prefer to follow the strength.
We might see a minor retracement before pushing further above the all-time high (ATH).
🎯 Game Plan:
I'm expecting a potential retracement to the 0.5 Fibonacci level, which is the discount zone in a bullish environment.
Interestingly, the 4H liquidity zone aligns perfectly with the 0.5 Fib level — this confluence suggests price may gather enough energy from there to make new highs.
✅ Follow for weekly recaps & actionable game plans.
BTC/USDT 125k? or 110k fall again?BTC/USDT 4H Analysis – July 20, 2025
The current market structure shows a bullish pennant forming after a strong impulsive move upward, with price consolidating between key support and resistance levels. This pattern, combined with volume signals and key price zones, suggests a potential for a high-volatility breakout.
🔷 Volume Profile & OBV Insights
The On-Balance Volume (OBV) indicator is forming a symmetrical triangle, indicating a volume squeeze. This suggests a potential sudden spike in volume that could confirm the next major move.
Anchored Volume Profile (VPVR) on the right shows a notable low-volume area between 112K–115K. If price breaks below this zone, it could lead to a rapid selloff toward deeper fair value areas due to reduced liquidity support.
📈 Bullish Scenario
If price breaks above the pennant resistance and 119.5K liquidity zone, it may signal bullish continuation.
A successful retest of the breakout level as support would confirm strength, opening the door to:
Short-term target: 123K (supply zone and previous swing high)
Mid-term target: 125K (key psychological level and potential ATH)
Watch for confirmation via OBV breakout and strong bullish volume. Failure to sustain above the 118K–119K area could signal a bull trap.
📉 Bearish Scenario
A breakdown below pennant support and the 115K level would likely trigger a move into the low-volume range.
First key downside target: 114.7K–115.7K, which aligns with the Golden Pocket (Fib 0.618 zone) and a 4H Fair Value Gap (FVG).
This zone may act as a support or a liquidity grab reversal area.
If this zone fails to hold, deeper downside targets become likely:
FVG 2 (~112K)
Psychological support at 110K, which aligns with strong historical demand and a major VPVR node.
This bearish move may either confirm further downside momentum or present a fakeout opportunity if price sharply reverses from one of these deeper levels.
✅ Summary
BTC is coiled within a bullish pennant, with both bullish continuation and bearish breakdown scenarios in play. Volume confirmation and breakout direction will be key. Traders should monitor how price reacts around the 115K–118K zone for directional clarity. A move beyond this range, especially with volume support, will likely define the next trend leg.
Wkly Market Wrap: Nifty Under Pressure, S&P 500 Hits Record HighThe Nifty 50 closed the week at 24,968, down 180 points from the previous week's close. It traded within a tight range, posting a high of 25,255 and a low of 24,918—perfectly aligning with the range I’ve been tracking between 25,600 and 24,700.
As I’ve been highlighting over the past few weeks, the monthly chart continues to show weakness, and now even the weekly chart is starting to reflect bearish signals. This growing weakness is a notable concern.
What to Watch for Next Week:
If Nifty sustains above 25,100, we could see a potential rebound toward the 25,400–25,450 resistance zone.
However, a breakdown below this week's low of 24,918 opens the door to a retest of key support near 24,500.
What’s interesting is that, despite Nifty’s indecision, the number of bullish stocks on the monthly time frame has increased significantly. Last week, there were 18 such stocks on my radar; now that number has jumped to 26, even after excluding about 10 others that showed bullish patterns but had high volatility.
This divergence—index showing weakness while quality stocks turn bullish—could indicate a possible bear trap being set by institutional players. If true, we might see a sharp short-covering rally after a final shakeout.
Nifty Outlook:
For the upcoming week, I expect Nifty to remain range-bound between 25,400 and 24,500. A decisive breakout or breakdown from this range could lead to sharp directional movement, so traders should stay alert.
Global Markets: S&P 500 Soars to New Highs
The S&P 500 closed at a record high of 6,296, with a weekly high of 6,315 and low of 6,201. The index remains in strong uptrend mode.
A breakout above 6,315 could see it testing 6,376, 6,454, and potentially 6,500 in the coming sessions.
My next major Fibonacci target is 6,568.
As long as 6,149 holds on a weekly closing basis, I continue to view every dip as a buying opportunity.
Final Thoughts:
The Indian markets are sending mixed signals, with the broader index showing caution while individual stock strength is quietly building. This divergence warrants a tactical approach—stay nimble, respect levels, and be ready for sharp reversals or breakouts.
Next week could be crucial. Stay focused, stay disciplined.
S&P 500: Buyers Are Still In Control! Continue To Look For LongsWelcome back to the Weekly Forex Forecast for the week of July 21-25th.
In this video, we will analyze the following FX market:
S&P 500 (ES1!)
The Stock Indices are strong, and showing no signs of selling off. Buy it until there is a bearish BOS.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
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Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
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I will not and cannot be held liable for any actions you take as a result of anything you read here.
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