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Spxanalysis

S&P 500TREND ; The S&P 500 index is currently in an uptrend (Bullish), characterized by higher highs and higher lows since mid-August. PLAN : • The support zone around 5,670 acted as a base for a recent upward move. • The 5,870 level seems to be a key resistance area, and price is currently testing this level. • If the price breaks above the 5,870 resistance level, my potential target will be around 5,989.15. • Note that the blue arrow indicates the measured move from the support level at 5,750 up to the resistance at 5,870, which could imply the projected target if this breakout occurs.
BLACKBULL:SPX500
by juniormoseki1
SPX Analysis for Today: What’s Next After Yesterday’s Big Drop?Wow! Yesterday was brutal for us all on SPX with a major bearish move that probably left a lot of traders scratching their heads. So, what’s the game plan for today? Let’s break it down. 1. Technical Picture After the Drop Yesterday’s sell-off took SPX to key levels, and now we’re sitting in some interesting territory. The 5550-5570 range is what we’re watching closely—this could act as support, but if it cracks, we might be heading lower, potentially toward 5500. On the flip side, if buyers step in, we could see a bounce back toward 5550, which was previous support but might now act as resistance. Traders should keep an eye on whether we break out of that range or get rejected. 2. The News That Matters A lot of today’s action depends on what’s going on in the broader world. Are we getting any new data on inflation or jobs? If inflation numbers come in hot, the market could get nervous again, anticipating more rate hikes from the Fed. But if the data is lighter, we might get a relief rally after yesterday’s beatdown. Also, keep an eye on any big headlines—geopolitical tension, tech earnings, or even Fed commentary. All of these could be wildcards that drive sentiment today. 3. Sentiment Check We’ve got VIX (the fear gauge) pretty elevated right now, so people are still pretty nervous. Watch for whether that calms down today—if it does, we might get some relief in SPX. But if VIX stays high or climbs further, brace yourselves for more volatility. The Bottom Line: If today’s news stokes more fear, we could see another push lower. But if the market takes a breather, we might get a short-term bounce. Either way, buckle up—it’s going to be another interesting session!
SP:SPX
by Deno_Trading
Why ORB + VWAP is Your New Best Friend in Trading -No, SeriouslySP:SPX Hey there, traders! Deno Trading here;👋 Stop feeling like the market is just a one big, mysterious puzzle, and felt you're missing the piece that makes everything click? Well, strap in, because today we're diving into the magic of the Open Range Breakout (ORB) strategy, sprinkled with a little VWAP (Volume Weighted Average Price) magic dust. Spoiler alert: This combo is like peanut butter and jelly for traders—simple, effective, and deliciously profitable. The Chart (aka "The Battlefield") Take a look at the chart above—our trusty S&P 500 on a 15-minute time frame. Notice those blue zones? That’s your ORB, the first 15-30 minutes of market action where all the cool kids (a.k.a. the big institutions) are making their moves. The VWAP line? That’s the referee, keeping everyone honest. Now, let’s break down why ORB works most of the time (we're not wizards, after all, just really good strategists). ORB: The Reliable Wingman Imagine ORB as your super-reliable wingman. It’s there at the start of the trading day, setting the boundaries. If the price breaks out of this range, it’s like getting the go-ahead from your wingman to approach—“Yeah, this one's a keeper.” In our chart, you can see how every time the price breaks above or below the ORB, it either rockets off to the moon 🌕 or dives deep into the abyss. And just like in life, we always want to go with the flow—if the price breaks out, we’re in for the ride. VWAP: The Truth Serum Now, let’s talk VWAP. Think of VWAP as the lie detector of the trading world. When the price is above VWAP, it’s like the market is saying, “I’m feeling good, let’s keep pushing higher.” Below VWAP? Well, it’s like the market’s had a rough night out, and it’s probably heading home early. In this chart, you’ll notice how the price interacts with VWAP after breaking out of the ORB. When the price stays above VWAP after a breakout, it’s a sign that the bulls are in control—cue the confetti! 🎉 But when it dips below, the bears start growling, and you might want to reconsider your long positions. Jokes Aside But Hey: ORB Always Works (Except When It Doesn’t) Let’s be real for a second—ORB mostly works. Kind of like how your Wi-Fi mostly works until you really need it. But when ORB does work, it’s like hitting the jackpot. You’re basically riding the wave that everyone else is trying to catch. And if it doesn’t work? Well, blame it on the market gremlins and move on. Why and Why again: ORB + VWAP = Trading BFFs Let me wrap up that if you’re not using ORB with VWAP, you’re missing out on a killer combo. These two are like Batman and Robin, or coffee and donuts—they just make sense together. So, the next time you’re staring at your charts, remember: Trust in the ORB, let VWAP be your guide, and don’t forget to laugh at the market’s little quirks and use the news as your catalysts. Because at the end of the day, trading should be fun, profitable, and maybe just a little bit magical. Now go forth and conquer those charts, my fellow traders! 🚀 Deno Trading in and out!
SP:SPX
by Deno_Trading
SPX Analysis by Deno Trading: Key Levels to Watch ForMy Take: Looking at the 4-hour chart of the S&P 500 Index, it's clear that we're approaching a critical juncture. The price recently rallied up to the $5,620 - $5,630 resistance zone, which has been a significant barrier in the past. However, this level has proven to be tough for the bulls to break through, and we're now seeing signs of potential exhaustion. Key Levels: Resistance: $5,620 - $5,630: This is the zone where the price is currently facing resistance. It’s a crucial area to watch because a failure to break above it could result in a pullback. Support: $5,480 - $5,440: If we see a rejection from the current resistance, I'm expecting the price to retrace towards this support zone. This area has acted as a strong floor in the past, and it's likely where buyers might step in again. Trendline Support: The upward trendline, originating from the lows earlier this year, is still intact. This trendline could provide additional support around the $5,280 level if the price breaks through the aforementioned support zone. Expectations: Pullback Potential: Given the current price action, I wouldn’t be surprised to see a pullback from this resistance zone. The first area I'll be watching for potential support is the $5,480 - $5,440 zone. A break below this could bring us down to test the trendline around $5,280. Continuation of the Uptrend: If the bulls manage to push through the $5,620 - $5,630 resistance zone, we could see a continuation of the uptrend with a possible target towards $5,700 and beyond. But for now, I’m leaning towards the possibility of a short-term pullback before any further upside. Final Thoughts: Right now, I’m closely watching how the price reacts around this resistance zone. A pullback could offer a good buying opportunity, especially if it holds above the $5,480 - $5,440 support area. On the other hand, a strong breakout above $5,630 would signal that the bulls are in control and could push the market to new highs. This is a video coverage of an analysis that I did yesterday. Stay Positive!
SP:SPX
by Deno_Trading
SPx500 FORECASTOverview: - Current Price: 5,348.8, down by 0.10% (-5.3 points). - Price Action: The index has been in a general uptrend, with some recent consolidation near the highs. Key Observations: 1. Trend: - The overall trend is bullish with higher highs and higher lows. - There has been significant upward movement in late May, followed by some consolidation and minor pullbacks in early June. 2. Recent Price Movement: - After reaching a high around 5356.8, the price has pulled back slightly and is currently consolidating just below this level. - The consolidation near the highs indicates a potential continuation pattern, suggesting that the market might be gathering strength for another move higher. 3. Bearish and Bullish Levels: - Resistance: The recent high around 5356.8 is acting as a resistance level. A breakout above this level could signal further bullish momentum. - Support: The previous swing low around 5280.0 can be considered a key support level. If the price breaks below this level, it could indicate a potential trend reversal or a deeper correction. 4. Volume and Volatility: - The chart does not show volume, but the recent price action suggests that volatility has been relatively low in the consolidation phase. Traders will likely watch for an increase in volume accompanying a breakout or breakdown to confirm the move. Potential Scenarios: 1. Bullish Scenario: - If the price breaks above the resistance at 5356.8 with strong momentum and volume, it could continue the uptrend, targeting new highs. - In this case, the next psychological levels to watch would be around 5400.0 and 5450.0. 2. Bearish Scenario: - If the price fails to break the resistance and falls below the recent consolidation low around 5280.0, it could signal the start of a correction. - In this scenario, the next support levels to watch would be around 5220.0 and 5200.0. 3. Sideways Movement: - The price could continue to consolidate between 5280.0 and 5356.8, indicating indecision in the market. - Traders might wait for a decisive breakout or breakdown from this range to determine the next significant move. Conclusion: The S&P 500 index is currently in a bullish trend with a consolidation phase near recent highs. A breakout above 5356.8 could continue the uptrend, while a breakdown below 5280.0 might lead to a correction. Traders should watch for volume and momentum to confirm any potential moves. Key Levels: Bullish Lines: 5377, 5405 Pivot Point: 5328.5 Bearish Line: 5300, 5251
OANDA:SPX500USD
by RojBarwari
Liquidity sources are drying upOn Friday, the S&P 500 in the last part of the session began to fall with some force. And today, we have seen that it has fallen and opened below the support zone at 4.998 The question we have to ask ourselves is: What does this mean? Does it mean it will continue to fall? Has a roof formed? Last Friday, the options contracts expired. This meant the disappearance of the gamma, and meant the disappearance of a source of liquidity, that is, the money coming from the dealers to cover the positions they had open. That money has disappeared, therefore, we must consider that a source of liquidity is missing. Until we see how the gamma is situated, at what levels it stabilizes and what the behavior of investors is in the options market, it is reasonable to think that we will witness temporary fragility at least during the first days of this week. And what does the chart tell us? This morning it has pierced the support in the 4.998 zone. This is a symptom of weakness, of short-term fragility. What 2 options are there? If it now rebounds and is not able to exceed the 5.000 level, it will most likely deploy a new downward leg. And if it rebounds, and moves sideways above 5.000, it is most likely that the price will try to return to the high zone. Now, 5.050 is a wall. It was already before the expiration of the options contracts, and it is even more so now. Therefore, maximum rise is in the 5.050 zone. If it fails to break above 5.000, we have support between 4.941 and 4.922 As long as the S&P 500 remains above that level, I will maintain a bullish bias.
OANDA:SPX500USDShort
by tradingconmike
#SPX SPX Jan 24th after the close updateSPX will be the first update from TheTradersRoom. SPX has hit its desired target we have called yesterday - 4904.50-4909.50 So I call it a perfect hit. Today's reversal came on a heavy selling, also got a black reversal daily closing SPX candle, which if not broken 1c above should mark at least a temporary top. If the price did find its top, then tomorrow's open should be a gap down below 4864 and my min target will be 4840-4835 SPX We have a Panic cycle day on the 26th and Im looking for a first important low on Feb 1st Happy to be back!
SP:SPXShort
by TheTradersRoom
1
End of Bullish Supertrend? Journey from Support to SupportDear Esteemed Members, The supertrend was bullish, but two sell signals concluded with a bearish price action. The rejections happened around the resistance level from a previous top. The price is now below the upper green support level. I think the S&P 500 market will reach the next support level: around $4600. So, I'd consider a short position. You can target the bottom support level of $4600, but keep a stop loss if the market reverses from the proximity of the violated support level. You can observe a similar setup on my yesterday ES analytics, where I explained a bearish MACD, RSI, BBP, and MFI. Kind regards, Ely
VANTAGE:SP500Short
by Elysian_Mind
3
S&P500 TECHNICAL ANALYSISAs for S&P500 the index retested 4586.00 zone which presented some buying, as far as the long term trend for S&P 500 is bullish I will remain so and look to find buying opportunites only if the index trade above level 4588.00, but if the index break the level 4588.00 I will remain bullish but for me to take the trade I will want the index to trade above 4588.0 but for short positionsI want to see the 4544.00 level take out which for now it seems impossible but, nothing is impossible in trading, my t.p for long position will be @4640.00, which is more of a swing trade.
BLACKBULL:SPX500Long
by juniormoseki1