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S&P 500 (SPX500)

Market Analisys: S&P 500SP:SPX In recent months, the S&P 500 has experienced notable fluctuations: 1. All-Time High : The index reached a record high of 6,099.97 points on December 6, 2024. 2. Correction : It then faced a correction, dropping to a low of 5,805.65 points by January 8, 2025. 3. Current Performance : As of January 14, 2025, the index closed at 5,842.91 points, reflecting a slight 0.11% increase compared to the previous day. 4. Technical Outlook : Analysts highlight potential weakness, with the next support level identified at 5,771.5 points. In summary, the SP:SPX has exhibited volatility, peaking in December 2024 and entering a correction phase in early 2025. Let's analyze in detail the various phases that have led us to this point – starting from October 27, 2023, the last moment with a significant downturn. Since then, we’ve seen an increase of about 50%, with a maximum drawdown of 10%. This represents a more than positive performance. Prior to this, we experienced a brief decline lasting around 90 days, with a drop of approximately 11%. Subsequent rallies have generally been strong, although they have been shorter and more contained. In total, we’ve experienced 5 rallies and 5 pullbacks. Currently, we are in a downtrend. As mentioned earlier, except for the first rally, the most significant one, recent bull runs have been consistently interrupted by unwelcome news, data that does not meet investor expectations, and announcements from the FED and ECB indicating that interest rate cuts will be smaller than anticipated. All of this has brought us to the current situation. We are now facing a maximum decline of about 5-6%, with a bounce on the trendline that has been guiding us since October 2023. This is all happening as inflation data is released today. The market seems to have entered a phase where it seeks further confirmations from the economy, and the technical chart is showing exactly that. Additionally, we have several other key economic data releases scheduled for this week. What do you think the market’s next move will be?
PEPPERSTONE:US500
by TIMINGTRADE
Awaiting Confirmation of Bullish ReversalFundamentally not so strong but the bearish moment is now fighting. We do not have only one confirmation. On Weekly Chart, We have a sluggesh Head and Shoulder pattern .before its tripple bottom . The two patterns were undervalued by investors which lead the weekly close below its monthly support (note: monthly support was also confirmed by 61% Fibb Level on Monthly chart from its bottom till up.) In my opinion, a weekly close above will create an engulfing bullish with the greater volume. Which may indicate the price to @280 area and a weekly close above @280 will disclose the price beyond 500: OFFCOURSE ITS A LONG TERM GAME!
NYSE:AMR
by hameedops
S&P 500 key levels and scenariosAfter Monday's reversal-looking candle, all eyes today will be on whether the bulls will be able to take charge and further erode the bears' control. Earlier, weaker PPI data helped to fuel a rise in US futures, but since then we have seen a bit of a pullback from the highs, although nothin too alarming so far. Key support to watch include Monday's high at 5843, followed by 5831. A daily close below this 5831-5843 area would be a bearish development. In that scenario, a drop to take out liquidity below Monday's range would then become a likely scenario. Key short-term resistance comes in around 5873-5882 (shaded in grey). A daily close above this area could signal a trend resumption. By Fawad Razaqzada, market analyst with FOREX.com
FOREXCOM:SPX500
by FOREXcom
Earnings Season Cranks Up for Gainless S&P 500. What to Expect?The S&P 500 SPX is now showing nearly zero growth since Election Day, November 5. Markets were euphoric to see Donald Trump win the White House for another four years and pushed the S&P 500 to the rarefied air of 6,000 points and above. But that’s not the case anymore. A flurry of data has poured cold water on that breakneck rally, including the latest nonfarm payrolls, which showed employers tapped a whopping 256,000 workers in December, far outpacing expectations of 156,000. The news fanned fears that the Federal Reserve might take its time in cutting interest rates — every investor’s biggest concern right now. It’s up to the earnings season to rejuvenate a falling stock market. To many, the fourth-quarter earnings updates will be the most consequential event as it will also mark President Joe Biden’s departure and the arrival of the main character, Donald Trump. First through the door, as is tradition, are the heavyweight players on Wall Street. This week traders will get to see the earnings results from big banks including JPMorgan JPM , Wells Fargo WFC and Goldman Sachs GS . In addition, the world’s largest asset manager BlackRock BLK will also post its performance. The banks’ updates will provide a glimpse into investor appetite for big-shot dealmaking, business sentiment and also how daring and bold consumers were in their spending activity. Things like net interest income — how much the bank earned on interest after paying out deposits — will be a key gauge for the banking system’s health. Here’s what’s coming from Wall Street’s household names (and some extra). ➡️ Wednesday, January 15, before the bell: Citi C Goldman Sachs GS JPMorgan JPM Wells Fargo WFC BlackRock BLK Bank of New York Mellon BK ➡️ Thursday, January 16, before the open: Bank of America BAC Morgan Stanley MS U.S. Bancorp USB Other earnings include UnitedHealth UNH . Once markets digest the updates from the lending giants, the focus will shift to the next big thing — the Magnificent Seven . It’s a high bar once again for America’s most powerful corporate juggernauts. Investors expect Mag 7 earnings to be up 22% from the same period last year while revenue is eyeballed to have grown 12.3%. The consensus views follow the elite club’s 32.9% earnings jump in the third quarter on revenue increase of 15.4%. Fun fact: the Mag 7 members accounted for 23.1% of all profits in the S&P 500 for the quarter ending September. For the three months to December, they are expected to consume about a quarter of the earnings pie. And for 2025, their market cap is projected to devour more than one-third of the S&P 500’s value, which is around $50 trillion. For the tech geeks, here’s the Mag 7 earnings slate: ➡️ Wednesday, January 29, after the closing bell: Microsoft MSFT Facebook parent Meta META Tesla TSLA ➡️ Thursday, January 30, after the closing bell: Apple AAPL Amazon AMZN ➡️ Tuesday, February 4, after the closing bell: Google parent Alphabet GOOGL ➡️ Wednesday, February 19 (tentative), after the closing bell: Nvidia NVDA Overall, the foresighted market gurus (i.e. the analysts) expect all companies in the S&P 500 to report a roughly 12% advance in quarterly profits compared to the year-ago quarter. For 2025, the consensus call is a 15% increase in corporate profits from last year. There are, of course, the permabears among us who spell doom and gloom. They say that Donald Trump’s proposed tariffs could hinder corporate growth by raising prices for US companies that rely on overseas products. And if those companies decide to pass these costs to customers, then inflation might rear back up, throwing the markets into another painful cycle of higher interest rates. What’s your take? Are you optimistic about the corporate earnings season? And are you excited to see more growth in 2025? Share your thoughts in the comments and let’s spin up the discussion.
SP:SPX
by TradingView
5
SPY/QQQ Plan Your Trade For 1-14 : Harami/Inside PatternToday's pattern suggests the markets will stay somewhat flat/sideways related to building a base. Yesterday, 1-13, my broad cycle patterns suggested the markets would establish a "base" - leading to a "peak" on 1-18 and a major top on 1-20. Because of this, I believe the markets will attempt to melt upward into a peaking pattern (with the SPY possibly reach 595-598) before stalling out ahead of the Inauguration event. Gold and Silver may follow this trend after stalling a bit today. Overall, I believe Gold & Silver will move upward attempting to hedge against global risk factors playing out over the next 30+ days. Bitcoin rejected the breakdown move yesterday - setting up another attempt at a THIRD sideways FLAG formation in an EPP pattern. This is very unusual - but given what the markets have been doing over the past 30 days - it is what it is. More than likely, we'll see Bitcoin rally a bit higher (near $100k), then stall again and attempt another breakdown event. Yesterday's new low suggests a breakdown is likely. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
S&P ES Short setup target 5811 / Put SPY target 574Fibonacci technical analysis : S&P 500 E-mini Futures ( CME_MINI:ES1! ) has already found resistance at the Fib level 78.6% (6057.75) of my Down Fib. Last Daily candle (Jan 7) has closed below retracement Fib level 38.2% (5963.75). My Down Fib guides me to look for CME_MINI:ES1! to eventually go down to hit first target at Fib level -27.2% (5811.50). S&P CME_MINI:ES1! – Target 1 at 5811.50, Target 2 at -61.8% (5731) and Target 3 at -78.6 (5691.75) Stop loss slightly above the 50.0% retracement Fib level (5991.25). Option Traders : My SPY AMEX:SPY chart (Down Fib from 602.48 to 580.50) shows price to go down to Target 1 at -27.2% (574.52), Target 2 at -61.8% (566.92) and Target 3 at -78.6 (563.22) Stop loss slightly above the 50.0% retracement Fib level (591.50).
CME_MINI:ES1!Short
by rose_excellence
2025-01-13 - priceactiontds - daily update - sp500Good Evening and I hope you are well. comment: Strong buying into US close and I expect 5900 to be hit tomorrow or Wednesday. The bear channel is valid until broken, so I want to either long closer to 5800 or short closer to 5900. current market cycle: trading range (descending triangle on the daily tf) key levels: 5800 - 6020 bull case: Bulls want to hit 5900 again and the bear trend line from the descending triangle. Their breakout late today is reasonably strong to expect follow-through tomorrow. I would not be surprised if we see early weakness and then a lower high around 5830/5840 before we move higher. Invalidation is below 5795. bear case: Bears will likely wait for 5900 and the bear trend line before they initiate bigger shorts again. Overall we see more two-sided trading today than a strong bull trend, which means the upside is likely limited and prior resistance will hold. Bears want to hit 5800 and likely somewhat lower to retest the October and November lows. Invalidation is above 6030. short term: Bearish closer to 5900 to trade back down to 5800 and longs only on a decent dip below 5850 again for target 5900. medium-long term - Update from 2024-12-22: Ultimately 5200-5300 in 2025. Again, rough guess as of now and since we have not seen a strong first bear leg, these targets are the lowest I am willing to give an honest outlook about. If bears surprise and we see a huge leg down to 5500, we will go much lower for the second and third leg. current swing trade: None trade of the day: Buy low, sell high. Clear range 5820 - 5840 which was amazing to trade back and forth.
CME_MINI:MES1!
by priceactiontds
SPX: Exploring Buying Opportunities Amidst Bearish Trends 🚀 SPX: Exploring Buying Opportunities Amidst Bearish Trends 🚀 📊 Recent Performance: The S&P 500 began 2025 with a 0.71% drop last week. Strong economic data has shifted expectations for Federal Reserve rate cuts to July, creating cautious sentiment across the markets. 📈 Key Technical Levels to Watch: Support: Immediate support sits around 5800, a critical psychological and technical level for potential accumulation. Next Support: If tested, 5750 could present attractive buying opportunities for long-term investors. Resistance: A daily close above 5900 would suggest renewed momentum for bulls. 🔍 Potential Entry Zones: Dynamic Neutral Zones: These areas signal market equilibrium and provide an excellent guide for strategic entries. Extreme Negative Zones: Watch for pullbacks into oversold regions, which often align with value-based accumulation opportunities. 🌱 Bullish Reversal Signals: A breakout above 5866, accompanied by strong buying interest, could signal a return to upward momentum. Positive catalysts, such as earnings surprises or favorable economic releases, may support a recovery. 🧭 Strategy for Investors: Focus on pullbacks near well-defined support zones to position for long-term growth. Use dynamic support levels to guide disciplined entry points and avoid chasing trends. 📢 What’s Your Take on SPX’s Path Ahead? 📈 Bullish 🔄 Neutral 💬 Share your favorite tickers in the comments! Let’s analyze them together and uncover the best buying opportunities.
TVC:SPXLong
by DCAChampion
1
SPY/QQQ Plan Your Trade For 1-13-25 : Inside BreakawayToday's video highlights some of the deeper, more detailed research I do behind the scenes for all of you. My SPY Cycle Patterns are just one part of what I attempt to develop to identify opportunities and to help guide all of you toward success. And, trust me, creating and reviewing all of this data, creating all this content, and staying ahead of the markets is not an easy task. It takes insight, knowledge, and experience to be able to try to read these charts, plan for what the markets are likely to attempt to do in the future, and try to convey that information to you in a concise format. You'll see my suggestion the markets will attempt to establish a new low early this week, then REJECT and move higher into the Inauguration. I know it seems counter-intuitive to suggest the markets are breaking downward while telling you to expect a REJECTION and a brief move higher - but price moves in waves - not in a straight line. Gold and Silver are pulling down as the initial selling pressure drives a bit of a panic in metals. This downward move should end with a strong rally where Gold attempts to move above $2800. Bitcoin, on the other hand, is the hard asset I believe will see the bigger decline - possibly targeting the $72-74k level before the end of February. I believe the Excess Phase Peak pattern is confirming the move down to consolidation right now, and that low (possibly near $72-74k) will act as temporary support before a much deeper low is set. Remember, we are just getting started into 2025. so we have lots of time to try to manage and trade our accounts into profits. 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 Analysis: Key Levels and Impact of CPI Release, To down! S&P 500 Analysis The price has dropped, breaking the trend line and stabilizing below the support zone. As long as the price remains below 5783 this week, it is expected to target 5734 and 5693. If a 4-hour candle closes below 5693, the price could continue to drop toward 5643. On the other hand, a daily candle closing above 5805 would signal a bullish move toward 5863. Note: This week, the CPI release is anticipated to have a significant impact on market movements. Key Levels Pivot Point: 5781 Resistance Levels: 5822, 5863, 5893 Support Levels: 5734, 5693, 5643 Trend Outlook Bearish Trend: Below 5783 Bullish Trend: Above 5805 (daily close required)
OANDA:SPX500USDShort
by SroshMayi
Strategy Winter — Spring 2025. S&P500 Index Choking DiagonalUS markets were shacked on Friday, January 10th, after the December NFP jobs report came in much stronger than expected. The US economy added 256,000 jobs in December, well above the average economist estimate of 155,000. The unemployment rate unexpectedly fell to 4.1% from 4.2% in November, although it remains above its 6-month simple moving average. The Nasdaq-100 immediately fell about 1%, while the yield on the 10-year US Treasury note jumped nearly 10 basis points to 4.785%, its highest since October 2023. The strong payrolls report further strengthened the case for the Federal Reserve not to cut interest rates again until at least 2025. The move in stocks and bonds is a continuation of what has been happening in recent weeks: After a period of mega-euphoric optimism, investors have begun to expect higher inflation driven by President-elect Donald Trump’s proposed trade and fiscal policies. If bond yields continue to rise, Americans will feel the brunt of it. The CME FedWatch Tool shows that markets now expect just one rate cut of 25 basis points this year, down from as many as three at the end of last year. The odds of no rate cuts in 2025 more than doubled to 28% on Friday morning. The dollar index TVC:DXY skyrocketed to the Moon, while the yield on 10-year U.S. sovereign bonds TVC:TNX stays well above 4.5%. Endogenously, the market has been preparing for such turbulence for a long time, as discussed in the previously published idea “Strategy 2025. BTC Airless Scenario Below $100'000 Choking Point” . I have to remind that the financial market had tough weeks in December 2024, but it could also face a tough year in 2025, as I noted then. The market was on track for its worst weeks in years after the Federal Reserve gave a hawkish forecast for interest rate cuts in 2025. But looking at the market internals, it was clear that the damage had been done well before the December Fed meeting – and this signal was a historical indicator of tough times ahead. Thus, Dow Jones Futures CBOT_MINI:YM1! ended 2024 with the 3rd RED WEEK in a row, forming the Bearish Candlestick Pattern "Three Black Crows" on the weekly timeframe, which developed, remarkably, from the all-time highs of the Dow Jones index. Last week, Dow Jones Futures ended with the 6th RED WEEK in a row - and this is a rather rare event. Historical backtest analysis over the past 25 years shows that this can lead to a further (at least) 10-percent drop for the Top-30 stock club. Bulls have done a lot of work, advanced more than 2,000 points in 2023-24, for the S&P500 index. However they were unable to finalize their achievements confidently above the round 6-thousand mark by the end of 2024. By the way, the same inability in Bitcoin to finalize 2024 above the round 100,000 mark is now repeatedly throwing the market back to lower price marks, as discussed in the recently published idea. The main technical chart indicates a suffocating bearish diagonal in development for the S&P500 index, with targets for decline down to 5'250 points.
CME_MINI:ES1!
by Pandorra
S&P 500 Index Drops to 2-Month LowS&P 500 Index Drops to 2-Month Low On Friday, the US unemployment data was released, as reported by ForexFactory: → The unemployment rate dropped from 4.2% to 4.1%; → The number of new jobs (Non-Farm Employment Change) increased by 256,000 over the month, although analysts had forecast an increase of 164,000 (previous value = 212,000). According to Reuters, the strong labour market data strengthened the market participants' view that the Federal Reserve will be cautious in cutting interest rates in 2025. Based on CME Group’s FedWatch tool, traders expect the Fed to reduce borrowing costs for the first time in June and then keep it at that level for the remainder of the year. Expectations that tight monetary policy will persist longer than usual have led to bearish sentiment. As a result, the S&P 500 index (US SPX 500 mini on FXOpen) dropped below the 5,800 mark this morning, its lowest point since early November. Technical analysis of the S&P 500 index (US SPX 500 mini on FXOpen) shows: → A bearish Head and Shoulders (SHS) pattern is visible on the chart; → The price has broken below the median of the ascending channel (marked in blue). The strengthening bearish sentiment may lead to: → The price fluctuating within the descending channel, the boundaries of which are already visible (marked in red); → The median of this red channel currently acting as support. It is possible that the intensification of bearish sentiment will result in the S&P 500 index (US SPX 500 mini on FXOpen) declining towards the 5,700 level, which may be reinforced by the proximity of the lower boundary of the ascending channel. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:SPXM
by FXOpen
2
SPX: correction is over?The start of the year was not very pleasant for the US equity markets. The latest drop in the value of the major US indices was induced by adjusted expectations on the effects of “higher for longer” interest rates in the US. Namely, the US economy is standing relatively good with a still strong jobs market. The US added 256K jobs in December, which was strongly higher from market expectations. At the same time, the unemployment rate dropped by 0,1 percentage points, to the level of 4,1%. These figures are absolutely good for the US economy, however, they did not make investors happy. The tricky part is that the market is now expecting that the Fed will halt further decrease of interest rates, where some analysts are noting the potential for the first 25 bps cut in September this year. The environment of still increased interest rates will not support the growth of US companies, especially small-caps, in a way that the market has previously estimated. This was the initial premise, based on which, the S&P 500 ended the week lower, reaching the level of 5.827 on Friday. At this moment the main question is whether the market will continue with a correction, or is it now a good time to buy the dip? Probably some higher volatility is expected around and on the day of the FOMC meeting in January, when investors will get additional information regarding the course of the US interest rates from FED officials. This date will set the course for the rest of the year. Still, during this period some higher volatility is possible. In technical analysis there is a clear line which connects bottoms on a 1D chart, from October 2023, then bottom in august 2024 and current bottom at Fridays levels. So, charts are noting, if this level is sustained during the next week or two, then the market will revert back to the upside. In case that current levels are breached toward the downside, that should be an indication of a higher correction in the future period.
SP:SPX
by XBTFX
S&P 500 is gearing up for a drop to $348.11 or even $218.26.SP:SPX AMEX:SPY are gearing up for a potential crash. Markets and indices seem aligned for a downturn. What will trigger it? Hard to say, but watching the stock and crypto markets, it certainly looks that way. My expectations for SPX / SPY: ➖ Fibonacci 161.80% targets have been reached. ➖ Key downside levels: $348.11 and $218.26. TVC:DXY The dollar index is leaning towards growth for now. I think it might follow this scenario. Let’s keep an eye on how things develop.
AMEX:SPYShort
by SergioRichi
4
#202502 - priceactiontds - weekly update - sp500 e-miniGood Evening and I hope you are well. comment: Neutral but slightly bullish if we stay above 5800. Downside would probably be limited with 5800 but we could easily go back to 6000 again. If we get a daily close below 5800 I change my mind and the bull trend line around 5750 would be the next lower target. Overall the probability of another big move up or down are small and sideways is most likely. On SPX we have a bull gap down to 5782 (ES is 40 points higher, so it would be around 5826) and it would be strong by the bears to finally close it after 2 months. current market cycle: trading range key levels: 5800 - 6030 bull case: Only thing bulls have going for them is that we are barely making lower lows and are still above 5800. If bears were strong, we would have tested the big bull trend line from 2023-10 by now, which is still 400 points lower. This market has not had two consecutive bear months since 2023-10 and bulls can be confident it stays that way. Bulls who bought near 5800 made money since 2024-09 and I expect them to come around again next week. They will be scaling scale into longs already or wait until we are closer to 5800 and the probability is on their side. Bulls who bought the previous two lows in December and last week, also made at least 150+ points and until we see more trapped traders (bigger gaps), sideways inside the bigger range is much more likely that a strong move down. Invalidation is below 5780. bear case: Bears changed the character of the market but failed to establish a strong bear trend. Once we see decent buying pressure early next week, they will likely give up and try again near 6000. They simple can not hold short below 5900 when we rallied 150+ the past two times we got below it. The best bears can do is to print lower highs below 6040 and go sideways for longer below 6000. Once we get closer to the bull trend line from 2023-10, it’s likely that we see another strong push up to test 6100+, if we haven’t see a strong break below 5800 by then. It’s typical trading range price action and the range is big enough for both sides to make decent money. You have to play the range because we can go sideways for much longer. Invalidation is above 6040. short term: Neutral between 5840 - 5900. If bears continue to make lower highs below 5900, they have a chance of testing 5800. Once we break above 5900, we will test the bear trend line around 5930ish next and above 5960 bears have to give up and wait for 6000 or 6030 before shorting again. medium-long term - Update from 2024-12-22: Ultimately 5200-5300 in 2025. Again, rough guess as of now and since we have not seen a strong first bear leg, these targets are the lowest I am willing to give an honest outlook about. If bears surprise and we see a huge leg down to 5500, we will go much lower for the second and third leg. current swing trade: None chart update: Marked current bear channel on the 1h tf and removed the bull trend line from the 2024-11 low that got broken.
CME_MINI:MES1!
by priceactiontds
Calm before the storm?The first ten days of the year for the S&P 500 index were surprisingly calm and without the interest it had in other years, finding it making a sideways downward movement towards the double "cushion" of support that is presented on the weekly price chart between 5,850 and 5,740 units. An important anti-shock zone that has the ability to absorb any liquidations that come out without spoiling the indication of the medium-term upward trend. The negative element is that with the sideways stabilizing movement that the index has been making since the beginning of last November between 6,100 and 5,850 points, it has brought closer to the very heavy 200-day moving average, which has now climbed to 5,657 points or -4% from current price levels. The week that will begin is therefore important as the index will have to show us its cards with what it intends to do. Thus, a possible passage of the index below 5,800 points will raise the attention of sellers since it will give them the right to push it further towards 5,740 and 5,700 points. On the other hand, a dynamic push above 5,800 points may bring 6,000 points back into the spotlight. Analysts may now be giving higher target prices for the S&P 500 for 2025, but at the same time they are expressing some skepticism about the ability of the "Magnificent 7" to pull the chariot on the uphill road to 7,000 points. Characteristic are the "pulled" figures that give both the P/E ratio and the P/S ratio for these seven giants in relation to the average of the S&P 500. So while the index has a P/E of 28 and a P/S of 3, Tesla has a P/E of 111 (!) and a P/S of 15, Nvidia P/E:53 and P/S:29, Amazon P/E:47 and P/S:3.8, Apple P/E:41 and P/S:10, Microsoft P/E:35 and P/S:12, Meta P/E:28 and P/S:9.8 and finally Google appears with P/E:25 and P/S:7.1. Indeed, the indicators show an "overflow" in the capitalization of the "Magnificent 7", but the financial data that will begin to come out from the first quarter of 2025 may open the way for higher numbers in their share values.
OANDA:SPX500USDShort
by manthos
#Nifty50 What Lies Ahead for Nifty & S&p500,13-17th Jan 2025The Nifty Index experienced a sharp decline this week, closing at 23,431, a significant 570 points below the previous week's close. While the index reached a high of 24,089, it ultimately succumbed to selling pressure, finding support at 23,344. As forecasted, the Nifty traded within the predicted range of 24,500 to 23,300. For the upcoming week, I anticipate the index to remain confined within a range of 23,950 to 22,900 . Given the prevailing bearish sentiment, a potential short-term bounce could unfold next week to lure in unsuspecting buyers before a renewed downward move. Historically, whenever the Nifty has breached the support of the 50-week Exponential Moving Average (WEMA50), it has typically undergone a 5-6% correction. Based on the current level of 23,431, the Nifty may find crucial support near the 22,200-22,400 zone. Turning to the US markets, the S&P 500 found support at the 100-day Exponential Moving Average (DEMA100) level of 5,817 and closed at 5,827. The upcoming week will be pivotal. If the S&P 500 successfully defends the 5,807 low, a potential rally towards the 5,926-5,944 range could materialize. However, a weekly close below the 5,800 mark would signal a significant bearish turn for global markets, potentially triggering a deeper correction towards the 5,637 or even 5,504 levels. Wishing readers a very happy Lohri and Makar Sakranti.
NSE:NIFTYShort
by ssudhirsharma11
S&P 500: Bearish Momentum BuildsAs we move further into 2025, the S&P 500 continues to show signs of weakness, intensifying the bearish outlook from my last post. The Rising Channel breakdown and Head and Shoulders (H&S) pattern remain dominant, with the price now trading firmly below the 50 EMA. Attempts to reclaim the Rising Channel have failed, confirming that the long-term bullish structure is no longer in play. The neckline of the H&S pattern, previously broken, has become a strong resistance zone, reinforcing the bearish momentum. The 50 EMA has flipped to resistance, making it even harder for bulls to regain control. Currently, the 200 EMA is providing critical support. If this level fails, the downside momentum could accelerate significantly, leading to much lower targets. Key levels to watch include 5,687.33, 5,600.45, and the channel projection target of 5,119.26. Bulls will need to defend the 200 EMA and push the price back above the 50 EMA to have a chance at reversing this trend. Otherwise, the market seems poised for further downside. Let me know how you’re approaching this setup shorting, waiting for a bounce, or something else? Stay sharp and trade carefully! 🚀
SP:SPX
by CryptocurrencyWatchGroup
8