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S&P 500 Breakdown | What’s Causing the Drop? The S&P 500 has broken down from a rising wedge pattern, triggering a sharp decline. Let’s break down why this is happening and what it could mean for the market. 🔍 Key Reasons for the Sell-Off 1️⃣ Rising Yields and Interest Rate Fears The Federal Reserve’s stance on interest rates remains a major driver of market movement. Recent economic data has delayed expectations of rate cuts, leading to a spike in Treasury yields. Higher yields make equities less attractive, pushing investors toward bonds instead of stocks. 2️⃣ Overextended Market & Profit-Taking The S&P 500 hit all-time highs recently, and many stocks had become overbought. Large funds and institutions may be taking profits, especially in high-growth tech stocks. This type of rotation can trigger a broader market pullback as traders lock in gains. 3️⃣ Technical Breakdown of Key Support Levels The S&P 500 broke below critical support at 5,866, which has now turned into resistance. The index also failed to hold key moving averages, confirming a technical breakdown. Volume on red days has increased, showing strong selling pressure. 4️⃣ Weakness in Mega-Cap Tech Stocks Big Tech stocks like NVDA, AAPL, and GOOGL, which have led the rally, are seeing a pullback. This weakness drags down the overall index, as these stocks have an outsized influence on the S&P 500. 5️⃣ Geopolitical & Economic Uncertainty Global tensions and rising oil prices are adding pressure to markets. Concerns about slowing economic growth are also weighing on investor sentiment. Earnings reports from major companies have been mixed, adding to the uncertainty. What’s Next? The S&P 500 could find support around 5,750 - 5,800 if the selling continues. A rebound above 6,000 would signal strength, but failing to reclaim key levels could mean further downside. The 200-day SMA is still holding, so bulls still have hope unless we see a deeper break. Is this just a pullback, or are we seeing the start of a larger correction? Let me know your thoughts!
SP:SPX
by CryptocurrencyWatchGroup
S&P500, US GDP grew by 2.3% in Q4 The U.S. GDP grew by 2.3% annually in Q4, confirming the initial estimate and meeting market expectations. S&P (US500) index pair price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a sideways consolidation after a retest of an all-time high on 19th Feb ‘25. The key trading level is at the 5918 level, the consolidation price range and also the previous resistance is now a newly formed support zone. A corrective pullback from the current levels and a bullish bounce back from the 5918 level could target the upside resistance at 6018 followed by the 6060 and 6106 levels over the longer timeframe. Alternatively, a confirmed loss of the 5918 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 5866 support level followed by 5827 and 5777. 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.
TRADENATION:US500
by TradeNation
SPX the bullish case to 7k or is the top in now? or bearish?Here are the levels for bull or bear on the SPX based off a fib extension from the macro lows. What is interesting is how the price has reacted off the 0.618 and 0.5 levels suggesting that it has further to go because we have broken out However if you draw another fib extension from the lows it shows a top around 6100-6150 range where we are now. Good luck - lets hope the bulls win out and crypto takes off too. If you do the same analysis on the Nasdaq fib tops out at 26,400 where fib is equal to 1. that implies Nas to over perform to 20-25% from todays levels hence supports the argument here for higher prices on the SPX
CBOE:SPXLong
by William_Playfair
S&P500 - we have the buyers rejecting the sell off , chasing ATHHi guys we would be taking a look into the S&P500 after a strong resistance showed by the buyers who denied the sell off, below find detailed technical analysis. The strong ascending channel gives us the following uptrend perspective This performance reflects a robust upward trend, with the index showing resilience despite recent market fluctuations. A notable aspect of this rally is the broadening market participation. While technology giants previously led the charge, 2025 has seen a shift. The healthcare sector has risen 7.1% year-to-date, and consumer staples have surged 8.3%, indicating a defensive investment strategy by investors. This diversification suggests a healthier market foundation, reducing reliance on a few large-cap stocks. From a technical perspective, the S&P 500's position near its all-time high is a positive indicator. Historically, investing at market highs has not precluded further gains. Data from 1950 to 2023 shows that even when investments were made at all-time highs, returns over one, two, and three-year periods were close to the average return of the index. This historical resilience suggests that the current levels may serve as a foundation for continued upward momentum. In summary, the S&P 500's approach to its all-time high, combined with broad sector participation and supportive historical data, paints a positive technical picture. While market dynamics are subject to change, the current indicators support a favorable outlook for the index's continued performance. Entry: 5,995 Target: 6,130 SL: 5,850
SP:SPXLong
by DG55Capital
$SPY $SPX Pullback to Gap Fill? I've been waiting for a rocket to AMEX:SPY $630 but my monthly tells me that February wants to close red. Here is my daily with a fib that we cant seem to hold above although today we did close above once I have been waiting patiently in this box unlike others, I have constantly reiterated, don't try to be a hero inside of the box. Now that the Box seems to be pushing towards the upside, I can't help but notice we continue printing bearish candles regardless of direction. Today we closed with a Hangman, which begs the question, could we perhaps lean bearish for two of the most bearish weeks of the year in comparison? I'd like to think I'm not wrong here and we will get a spill before anyone gets an expected blow off top. Be careful out there, volatility remains present and the VIX was above the 50DMA last time I checked. If we can get this gap fill and start moving back up, I will be confident in the gap fill being bottom. Seeing as $593 AMEX:SPY alert for bottom never filled, I will have to assume it's still a possibility. Taz out.
SP:SPX
by TazmanianTrader
S&P 500 Market Discourse: A Resilient Ascent Toward 6125 Appears It is becoming increasingly evident that the S&P 500 has delineated a formidable bottom, laying the groundwork for an impending resurgence of bullish momentum. A confluence of technical, fundamental, and macroeconomic factors suggests the index is poised for an elegant ascent, with 6125 emerging as a plausible target in the forthcoming horizon. The recent retracement, though disconcerting to the unseasoned observer, bears the hallmarks of a market in the throes of recalibration rather than capitulation. Price action has exhibited a graceful reverence for established support structures, while diminishing sell-side velocity intimates a waning bearish resolve. Such behavior is quintessentially indicative of an impending reversal, as astute market participants gradually reassert their influence. Technically, the landscape is increasingly conducive to a bullish revival. Momentum oscillators, having languished in oversold extremities, now signal the nascent stirrings of upward impetus. Volume dynamics further reinforce this narrative, as the tapering of distribution suggests an ebbing tide of pessimism. Notably, harmonic price structures and Fibonacci retracement confluences lend credence to the hypothesis that the recent nadir represents a durable cyclical inflection point. From a fundamental vantage, the market’s capacity to endure macroeconomic vicissitudes and adapt to shifting monetary postures exemplifies its inherent fortitude. Corporate earnings have displayed an admirable resilience, while liquidity conditions, though fluid, remain sufficiently accommodative to sustain risk assets. As sentiment steadies and capital migrates back to equities, the gravitational pull toward higher valuations is likely to accelerate. In summation, the prevailing evidence suggests that the S&P 500 has gracefully navigated its corrective phase and now stands on the precipice of a renewed ascent. Absent an exogenous shock of profound magnitude, the index appears destined to reclaim lost ground, with 6125 serving as a beacon for the ensuing bullish expedition.
OANDA:SPX500USDLong
by MarkLeRoy
1
$S&P500 macro analysis , market approaching correction °•° $SPXHi 👋🏻 check out my previous analysis ⏰ on SP:SPX macro bullish analysis ⏰ As provided it went up up 🚀 completed my target's 🎯 💯💪🏻 ✅ ✔️ Click on it 👆🏻 just check out each and every time updates ☝🏻 ☺️ ••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••• NOW I was completely 🐻 BEARISH on the market with in upcoming months SP:SPX 📌 Expecting liquidation pump $6500 - $6700 Invalid 🛑 when complete month close above $6700 ¹support - $5500 ( 🎯 ¹ ) ²support - $5130 ( 🎯 ² ) 🎯 3 ... Will be updated based on market conditions by that time ☺️ 📍 A wise 🦉 man said - always having patience " is " always gaining only /- NASDAQ:TSLA ( i accumulate slowly until it cross above $400 ) rest of stocks i will follow index ☝🏻 i will invest based on market conditions ..... ✔️
SP:SPXShort
by raj5_7_5
SPX Setting Up the BounceFriday was an extremely bearish day for the market. It slid the entire day, even closing practically at the low for the day. It could be easy to surmise that we could be in for a deep retracement but this is doubtful seeing the price moves preceding this sharp drop, its rather clear we seem to be riding an expanded or running flat wave. The usual expected target for wave C of this particular type of flats roams from everywhere from 61.8 % of the advance of wave A to 127% of wave A and even further, sometimes even reaching past 200% of the distance traveled by wave A. The key point to touch on is the unfilled gap that is present right around the level of the projection of 127% of wave A. Having this point playing in conjunction makes me lean towards expecting a deeper rather than shallow retracement. Once we have reached the specified level, and likely going to fill the entirety of the gap, we can start to hunt for a bullish catalyst, since we should see further buying pressure and move into all time high territory.
SP:SPXLong
by HydraFinance
#TradFi is even more scary#Crypto looks scary, but #TradFi is even more scary😨 CRYPTOCAP:BTC holds strong compare to the DJI NDX & SPX with their Double Tops. Nothing much to say on Crypto as we need to wait until Monday and see how this picture develops - Indexes really like to V-shape brutal recovery, so just waiting😐 P.S It's not much the Bybit Hack which caused all this red rather the stock market. Btw so much panic happened around 1/1 backed and now regulated exchange - stay calm your funds are safe.
SP:SPXLong
by VIPROSE
S&P 500's Big Drop Raises Alarm: Is a Market Correction Looming?◉ Fundamental Rationale: ● US stocks fell sharply on Friday, with major indices like the S&P 500 SP:SPX and Dow Jones Industrial Average TVC:DJI experiencing significant losses. ● The sell-off was triggered by a warning from Walmart NYSE:WMT , which raised concerns about weakening consumer demand, rising costs, or other challenges impacting its business. As a retail giant, Walmart's outlook is seen as a barometer for consumer health. ● The decline coincided with the release of consumer sentiment data, which dropped to a 15-month low, signalling growing pessimism among consumers about the economy. ● The market reacted to fears of inflation, rising interest rates, and the potential for a recession, which could further weigh on corporate earnings and economic growth. ● The sell-off was not limited to retail stocks but reflected broader anxieties about the economy and future market performance. ◉ Technical Observations: ● Following a significant sell-off of nearly 1.7%, the index is expected to find initial support at the trendline. ● If the index breaches this support level, the next strong support zone is anticipated in the range of 5,650 to 5,700.
SP:SPXShort
by NaranjCapital
S&P - WEEKLY SUMMARY 17.2-21.2 / FORECAST 📉 S&P500 – 6th week of the base cycle (average of 20 weeks). By Friday’s close, a triple top formed at the December 9 and January 29 extreme forecast levels, as expected last week. 👉 Strong-handed position traders with stops above the double-top level should have held their short position from January 24. The current futures price has not broken above it. The next pivot forecast is February 24. Based on timing, I cautiously assume that it may work as a correction of Friday’s movement, followed by a downward reversal from the extreme forecast on March 3. ⚠️ There is a high probability that this base cycle will be bearish, with a short rise and a steep drop below the opening. I anticipated this in early January. A bull market does not form a third peak within the first six weeks of the current base cycle. The market remains under the weight of two overextended long cycles, which I have written about extensively in past posts. ⚠️ The most interesting event is expected on the extreme forecast of March 3, coinciding with the start of the retrograde Venus period, which I mentioned in early December. The start of retrograde Venus usually triggers a market crash, while retrograde Mercury will add volatility starting March 17. However, I do not expect a correction of more than 20%, as a major crash is not likely before next year.
CBOE:SPX
by irinawest
Market Alert: Potential Downside Ahead! The S&P 500 (SPX) just closed with a strong bearish candle, dropping -104 points (-1.71%), signaling a possible shift in momentum. The index is now testing a key support level near 6,000, and if this level breaks, we could see a sharper pullback. 📉 What’s Happening in the Market? 1️⃣ Rising Interest Rate Concerns – The Federal Reserve remains cautious about inflation, and recent economic data suggests they may keep rates higher for longer. This puts pressure on equities, especially high-growth stocks. 2️⃣ Earnings Season Uncertainty – Many companies are reporting mixed earnings, with some missing expectations. Weak guidance from major corporations could fuel more downside. 3️⃣ Geopolitical Tensions & Market Volatility – Ongoing global uncertainties, such as geopolitical conflicts and supply chain disruptions, are adding risk-off sentiment to the market. 4️⃣ Technical Breakdown Risks – The SPX is currently sitting near critical support at 6,000. If this level fails, we could see further selling pressure toward 5,920 - 5,880 and possibly as low as 5,773. 🔥 What to Watch Next? ✅ Can the market hold 6,000 and bounce? Or will sellers push prices lower? ✅ Watch for reactions around 6,068 - 6,100—if the index struggles here, more downside is likely. ✅ Increased volatility means risk management is key—stay cautious, and don’t chase trades! ⚠️ Bottom Line: The market is at a turning point. If downside momentum continues, we could see a bigger correction. Stay alert and manage risk accordingly!
SP:SPX
by CryptocurrencyWatchGroup
S&P 500 Daily Chart Analysis For Week of Feb 21, 2025Technical Analysis and Outlook: In the most recent weekly trading session, the S&P 500 surpassed our completed Outer Index Rally threshold of 6120, rendering the Key Resistance at this level obsolete. Nevertheless, following a significant price reversal, the index breached the Mean Support level of 6049 and is approaching the critical support level established at 5995. The index could decline further, potentially reaching the Mean Support level of 5939 and the Key Support at 5827. Should the index initiate an upward movement from its current position or the Mean Support level of 5995, it may ascend to the newly established Mean Resistance level of 6082, potentially extending toward the Key Resistance level of 6143.
SP:SPX
by TradeSelecter
Hurry Up and Wait - The Markets Favourite GameHurry Up and Wait – The Market’s Favourite Game | SPX Market Analysis 21 Feb 2025 These kangaroo markets just won’t quit. Every time we break out of one range, the Bollinger Bands pinch again, locking us into another one. Meanwhile, other indexes fell out of bed, but SPX? It’s clinging on by "the Bulls". When will it finally open up and run? Who knows—but until then, I’ll keep finding new ways to say ‘hurry up and wait’. --- Markets Keep Bouncing, But Not Breaking It’s like watching a kangaroo on a trampoline—lots of movement, no real progress. SPX tries to push out of one range 🏋️‍♂️ Bollinger Bands pinch again, trapping price in a new range 🔄 Other indexes have fallen, but SPX refuses to follow This makes trading tricky, as every potential breakout is quickly absorbed into another consolidation. The Bollinger Band Pinch – What It Means When Bollinger Bands tighten, they signal: 📌 A period of low volatility 📌 A potential breakout coming – but direction unknown 📌 Traders getting frustrated waiting for a real move Normally, I’d switch to Tag ‘n Turn setups during breakouts, but with volatility still tight, I’ll stick to my 6 money-making patterns instead. For now, it’s all about waiting for a clean break—no fake moves, no forced trades. Final Thoughts – When Will the Market Open Up? 📌 The big move is coming—we just don’t know when. 📌 SPX is clinging on, but other indexes are weakening—watch for cracks. 📌 Bollinger Bands are tightening—when they expand, volatility will return. Until then? It’s back to ‘hurry up and wait’. --- Fun Fact 📢 Did you know? In 2015, the New York Stock Exchange halted trading for nearly four hours—and the official reason? A “technical glitch”. 💡 The Lesson? Even the biggest, most advanced markets can freeze up, just like we’re seeing with these tight, choppy conditions.
SP:SPX
by MrPhilNewton
1