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SP500 trade ideas

SPX500 - Bullish CluesSPX500 More whipsaw as markets open, but this time it is bullish. Overall it looks like volatility is decreasing without anything too dangerous printing. Notice that a slightly lower low has printed and there is bullish RSI divergence between the lows. This is a little bullish Wyckoff clue. And so it is still a more dangerous area than elsewhere in the chart due to the long term 1.618. But if this is stabilising then this is an area for dip buying stocks that are completing corrections or simply buying the index 🧐. Not advice
FOREXCOM:SPX500Long
by dRends35
Retesting support on the S&PThe Dow ended a touch lower last night, but otherwise US stock indices closed with modest gains. Earlier in the session, all the majors rallied off intermediate support levels which were being tested after last week’s pullback. Overnight, the major indices built on Monday’s gains but then sold off sharply on the European open. Investors were rattled by a statement from Russian President Vladimir Putin concerning the use of nuclear weapons, should Russia be attacked by conventional weapons backed by a nuclear power. This has taken the Dow, S&P, NASDAQ and Russell 2000 back to support once again, indicating that investors remain nervous with the stock price of many corporations trading at rarified levels. Just focusing on the S&P, there’s a band of support which runs down from 5,870 to 5,800. So far, support has held at the top end of this range which is positive news for the bulls. If prices can continue to steady, then there’s a reasonable chance that US stock indices could soon have another attempt to take out the record closes hit at the beginning of last week. But there are also reasons to be cautious. Geopolitical concerns aside, the giant corporations in the ‘Magnificent Seven’ currently account for around a third of the S&P 500 by market capitalisation. That represents a significant overvaluation. This could be tested after tomorrow’s close when NVIDIA, currently the largest corporation in the world by market capitalisation, releases its latest earnings update. If the generative AI chipmaker beats forecasts, and once again issues positive forward guidance, then this could provide a base for another surge in tech stocks. But any slither of disappointment could result in a sharp sell-off as investors rush to cut their long side exposure. Investors are already getting antsy following reports yesterday that NVIDIA’s new Blackwell chip has been overheating. The other concern is elevated bond yields. US Treasuries have rallied sharply since mid-September, following the Fed’s 50 basis point rate cut. Yields jumped again after Trump’s election victory. The key 10-year has pulled back from its highest levels, and is down around 4 basis points this morning on safe-haven bond buying. But it remains elevated, and not far below 4.50% - a level which could, if breached, cause concern for investors, leading to a drop in risk appetite.
TRADENATIONSB:US500
by TradeNation
1-hr US500: The Broader US Index Is Dropping The S&P 500 has experienced a significant decline, losing nearly 200 points since last week as bearish sentiment took hold. This downturn was signaled by the formation of a Death Cross, a classic technical indicator where the 20-day moving average (MA) crosses below the 60-day MA. This bearish crossover typically suggests that further downside may be on the horizon, reinforcing the negative outlook for the index. Adding weight to this perspective is the failure of buyers to regain control of the market. Despite attempts to push the price higher, their efforts faltered around 5900, a level coinciding with the 38% Fibonacci retracement. This inability to sustain upward momentum highlights the prevailing strength of the downtrend. Currently, the S&P 500 is hovering near the critical support level at 5850. Should this support give way, a deeper decline appears likely. Technical projections suggest a potential drop of an additional 70 to 140 points, targeting the next major support zones. This scenario aligns with the broader bearish trend, as sellers remain dominant and buyers struggle to establish a foothold.
CAPITALCOM:US500Short
by Trendsharks
Us500 Remains bullish The US500 is exhibiting strong bullish momentum following a rebound from a key support zone around 5850, which aligns with prior consolidation levels. This support is further reinforced by the upward sloping moving averages beneath the price action, signaling sustained buying pressure. A decisive breakout above 5900 could open the door for further gains, with the 6,000 psychological resistance serving as the next key target. Conservative traders may prefer waiting for a retracement toward 5864 or a retest of 5850, accompanied by clear bullish rejection signals.
PEPPERSTONE:US500Long
by Horazio
GEX levels of SPX for Weekly Option TradersAlthough the SPX is currently trading within a relatively neutral positive gamma range, it’s worth taking a closer look at what the week might hold. This week, SPX is moving between critical resistance and support levels, which are showing significant options activity. The 5900 level is the key CALL resistance, acting as the gamma wall for the next 7 days (7DTE) . This suggests that as long as the price remains below this level, it will face strong resistance in moving higher. If the market breaks through this level, it could signal a bullish breakout, leading to increased turbulence. 🟨 DETAILED VIEW: In case of a breakout, keep an eye on the second weaker CALL wall at 5925 and the third weaker CALL wall at 5940, which are the next potential resistance levels once the market moves past the 5900 gamma wall. These levels could play a pivotal role in the price’s upward movement and indicate further buying pressure. 🔶 HVL Level and Gamma Environment: 5830 The 5830 level represents the High Volatility Level (HVL), which determines whether we are in a positive or negative gamma environment. If SPX closes below this level, we enter the negative gamma zone, which could lead to increased market volatility. This could result in sharper price movements during the week if this level does not hold. In that case, the PUT supports come into focus. The 5750 level marks the strongest PUT support, providing substantial downward support for the market. However, before reaching this level, it’s important to consider the emerging PUT wall at 5765, which may stop the price from falling lower. This could act as an intermediate support, slowing or even halting a decline before the 5750 level comes into play. 🔶 Implied Volatility and Time-Based Strategic Opportunities NOW The decrease in implied volatility, as shown by the IV and IVx indicators, signals a calmer market environment. Based on IV rank and average IV levels, volatility is running lower, which presents good opportunities for various spread strategies, especially time spreads that can be optimized between the 11/01 and 11/04 time frame. Key levels above could fuel further market movement throughout the week if a breakout occurs. CALL/PUT gamma levels on the options chain strongly outline the potential resistance and support levels, but these levels can change dynamically, especially if SPX breaks through the 5900 level. 🔶 SPX Key Levels This Week: 5900 CALL resistance – Main gamma wall, strong resistance. 5925 and 5940 – Second and third weaker CALL walls, offering additional resistance if broken. 5830 HVL – Key level determining the gamma environment. 5765 PUT wall – Emerging intermediate PUT support, which could slow a decline. 5750 PUT support – Strongest PUT gamma wall and support. Keep these levels in mind throughout the week, as they will likely influence market movements and the volatility environment. By applying the right options strategies, this information can help you structure profitable positions.
SP:SPX
by TanukiTrade
7
10/28 GEX of SPX for this weekThis week is especially exciting because, on Thursday, we’ll be releasing our automatic GEX level indicator! (Halloween night, yes, very spooky...) Here's a little preview of what’s coming—just a few more days to go, and we can hardly wait! Based on the key aggregated GEX levels valid as of today's market open, we can see that SPX started the week in a positive territory following last week's minor correction. Currently, the gamma profile suggests positive outlooks through Friday as the market opened above the HVL level, which is now at 5820. The primary levels to watch are: Call Wall (5900): This level, with the highest positive Net GEX value, may serve as a strong resistance point this week. As the price approaches this level, upward momentum may slow as market liquidity tends to stabilize movements here. Put Support (5800): This is the key support level where negative gamma presence helps cushion price declines. Should the price dip below this level, moves might accelerate, so it’s worth monitoring movements around 5800. With the gamma profile above the current HVL level (5820), GEX is positive , which can help stabilize the market and support further gains. Observing options market dynamics, this level suggests the direction of momentum, where market participants may anticipate further upside. As we saw last week, this level could mark a point of heightened volatility for SPX! Additional important levels, like the 2nd Call Wall and 2nd Put Wall, can also be seen on the chart, providing potential barriers and support points for price movements throughout the week. Gamma levels are updated multiple times daily and may shift with market moves.
SP:SPX
by TanukiTrade
S&P500 INDEX (US500): Your Trading Plan Explained S&P500 index is testing a recently broken daily horizontal resistance. With a high probability, it turned into support. To buy the market with a confirmation, pay attention to a double bottom pattern on a 4H. If the price breaks and closes above 5899, it will give us a strong bullish confirmation. The market will go up at least to 5954 level then. If the price drops lower and sets a new lower low, the setup will be invalid. ❤️Please, support my work with like, thank you!❤️
FX:SPX500Long
by VasilyTrader
2
S&P 500 Insights: Consolidation and Breakout ScenariosThe S&P 500 experienced a notable decline of approximately 2.5% over the past week. Current price action suggests a period of consolidation within the range of 5863 to 5896 before a decisive breakout. Key Scenario Analysis: Bullish Breakout: A confirmed close above 5896 on a 4-hour or 1-hour candle will signal renewed bullish momentum, targeting an initial move toward 5927. Bearish Continuation: Conversely, a confirmed close below 5863, particularly on at least a 1-hour timeframe, is expected to trigger a bearish extension toward 5803. Key Levels Pivot Point: 5896 Resistance Levels: 5927, 5969, 6002 Support Levels: 5863, 5833, 5803 Trend Outlook: - Bearish Trend Below 5663 - Bullish Trend Above 5896 previous idea:
OANDA:SPX500USDShort
by SroshMayi
S&P500 completed a 0.5 Fib correction. Strong buy opportunity.The S&P500 index (SPX) reached on Friday the 0.5 Fibonacci retracement level, a technical correction that started after the price made a Higher High at the top of the 2-month Channel Up. The 1D MA50 (blue trend-line) has been tested (and held) already on the day of the U.S. elections, so now we are technically still on the new Bullish Leg of the pattern. As you can see, since the April 19 2024 bottom and the start of the even longer Bullish Megaphone pattern, every time a pull-back stopped within the 0.382 - 0.5 Fib range, the index resumed the bullish trend towards the -0.618 Fib extension. The 1D MACD with its Bullish and Bearish Crosses, is also illustrating this symmetry. As a result, we believe that the current pull-back is over and we are now targeting 6210, which is within to potential -0.618 Fib targets. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Long
by TradingShot
6
SPX: post-election reality checkThe post-election reality check was evident on the US equity markets during the previous week. Although the first week was marked with euphoria over potential tax cuts, still, the second week was marked with concerns over the rising US treasury yields. The S&P 500 started the week at the level of 6.005, but ended it at 5.870. A specific hit came from the pharmaceutical industry, after the appointment of R.F. Kennedy Junior as a leader of the US Department of Health and Human Services in the new administration, who was vaccine-sceptic during the pandemic period. The largest pharmaceutical and biotech companies were traded around 5% lower on this news. The market-favourite largest tech companies were down around 2%. Of course, the only company that gained during the week was Tesla, which was traded around 3% higher on a weekly basis. The market reaction to a new US administration and potential changes which it can bring to the US macro and geopolitical standing, will most certainly continue in the coming period, as analysts are noting. In this sense, further volatility on the equity markets might be expected. Still, aspects of Feds influence should not be overseen. Regardless of current post-election hype, the Fed is the one which holds the strings of the US economy, and markets are still very sensitive to comments from Fed Chair Powell. His latest view that the “Fed is not in a hurry to cut interest rates” has been priced with a negative sentiment.
SP:SPX
by XBTFX
Sell OpportunityPotential Trade Setup: Short Position: The analysis suggests a short trade idea based on the rejection at the top and the weakening momentum. Entry: Around $5,875.57 (current level). Stop Loss: Above recent highs (potentially around $6,036). Take Profit: Targeting a move down to $5,448.32, which is a 7.27% decline from the current price. Risk-Reward Ratio: The setup targets a significant downside move, making it a potentially high-reward trade, assuming a well-placed stop loss. Analysis Breakdown: Current Price Action: The S&P 500 is currently at $5,875.57 after a significant upward trend. There is a visible rejection near a recent high, suggesting a potential reversal or pullback. Volume Profile: The volume profile on the left indicates areas of high trading activity (high liquidity zones). Strong volume nodes can be seen at the $5,560 level, which may act as a support area during a pullback. Support and Resistance Levels: Resistance: Key levels are marked around $6,016 and $6,036, representing recent highs. Support: There are several support levels, with the critical zone highlighted at $5,560.47. Below this, the next support is seen at $5,446.54 and $5,359.70. Trend Line: The trend line shows a break or a test of the uptrend, which could indicate a bearish move if the index fails to hold above it. Squeeze Momentum Indicator: The Squeeze Momentum Indicator at the bottom is green, indicating bullish momentum, but there are signs of slowing momentum, which could precede a pullback.
SP:SPXShort
by GODOCM