SPX500USD DOWNSPX500USD CHoCh was formed and the index broke down the uptrend line and the retest was made and breakdown confirmed .
Good LUck
SPIUSD trade ideas
Can a breakthrough to the upside be maintained of S&P500?From the technical side, we are seeing a small push higher, breaking above a short-term downside line. Despite this being a somewhat positive occurrence, we would rather wait to see where we close at the end of Friday. For more information, please see the video.
MARKETSCOM:US500
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[b]SA Markets – January 17th, 2025[/b]Market Overview:
Asia: Markets started red but turned green later in the day.
China: Up for the fourth consecutive day.
Nikkei (Japan): Trading in its lower range with a slight bounce, but not significant.
Europe:
EU50: Reached an all-time high, coming out of a long base stretching back to March 28th, 2024.
Positive sentiment driven by lower inflation data and expectations of reduced rates.
Germany and France: Both showing strength, with Germany also reaching a new all-time high.
STOXX 600: Still trading below the range it has been stuck under since May 15th, 2024.
Bitcoin and Cryptocurrencies:
Bitcoin: Trading above $100,000, currently at $102,000. Last time it was at this level (January 6th), it was quickly rejected.
Ethereum: Third inside day.
Solana: Testing highs from January 6th, with news that it might be included in Trump’s reserve holdings.
IBD 250 Pre-market:
Mixed bag with some red names but many showing green and gapping up pre-market.
Screener Results:
20% Gainers (Past Week):
31 names, led by Constellation Energy .
Sectors include health technology and commercial services.
8% Gainers (Past Week):
294 names, with notable strength in luxury names, Bitcoin-related stocks, and finance.
Louis Vuitton: Stands out, up 10%.
8% Losers (Past Week):
156 names, including Toyota , Porsche , Las Vegas Sands , Snap , and GameStop .
Dominated by health technology, electronic technology, services, and utilities.
20% Losers (Past Week):
31 names, primarily in health technology.
Notable losers include Moderna and FDA Aviation .
ETF Highlights (Yesterday):
Strongest: XLU (Utilities), XLRE (Real Estate), and Broker-Dealer ETFs.
Weakest: Regional Banks, Oil, and Uranium ETFs.
Additional Observations:
Rate-sensitive sectors showed strong performance yesterday, benefiting from recent inflation data.
RSP (Equal-Weighted S&P): Above the 50 EMA, showing strength and indicating that breadth is holding up despite weakness in large-cap names.
VIX: At 16, showing an inside day with no major moves lower.
Plan of Action:
Exercise caution with new trades after several strong days in the market.
Await a pullback before adding positions, focusing on names with potential for strong 3-5 day moves.
Start small with any new positions as the market might need time to cool off.
Upcoming Events to Watch:
Monday: U.S. markets closed for a holiday.
Next Week: Potential market movements with the inauguration of a new president.
$SPX Tomorrow's Trading RangeNo words tonight - just the chart for tomorrow. 1hr 200MA and the 50DMA above us
SPX500The third touch of the trendline seems close if You feel you wanna get it try using small lots first like me i will be entering with .04 lots first.
VHT YOUR MENTOR SIGNING OUT
Nightly $SPX / $SPY Predictions for 1.17.2024🔮
📅 Fri Jan 17
⏰ 8:30am
📊 Building Permits: 1.46M (prev: 1.49M)
💡 Market Insights:
📈 GAP ABOVE HPZ:
On a gap up, we will get pinned down by the weekly zone before dropping lower.
📊 OPEN WITHIN EEZ:
People finally decided to be bullish after seeing yesterday's price action. Let’s bet against them first, then close it around 5925.
📉 GAP BELOW HCZ:
We will likely get a small bounce and hold.
#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
S&P 500 on textbook falling wedgeS&P 500 is about to break a falling wedge on the daily.
RSI is almost capped and doesn't have strength in its current bullish movement.
Most likely we are back to the base before breaking it.
US500/SPX technical analysisTechnical analysis for US500/SPX.
Another possible bearish count, with wedge containing a leading diagonal A or 1. If correct, wave 5 would stop short of 5684.1.
S&P 500 Update: Key Developments You Should KnowHey everyone! I wanted to share some important insights regarding the S&P 500 Index that could impact your trading and investing strategies.
Since July 15, 2024, the daily chart has been forming a rising wedge pattern, a bearish setup in technical analysis. Fast forward to December 17, the pattern completed, and we saw the first signs of a break in structure.
Here’s why this matters:
When a rising wedge breaks down, previous support levels flip into resistance zones.
It’s common to see a retest of the resistance to confirm the zone, and a false breakout can lure retail traders into poor positions before the market reverses downward.
Fast forward to today, January 16, 2025— the market just closed below the 50-day moving average, signaling potential weakness.
As we move further into the year, it’s crucial to stay vigilant, manage your portfolio carefully, and keep an eye on key technical levels. Remember, staying informed and disciplined is the edge you need in these markets.
Hope this breakdown brings some clarity to what’s unfolding with the S&P 500. Catch you next time!
S&P 500 SELL AT SUPPLY ZONE SMART MONEY CONCEPTHere on S&P 500 price has from a supply zone around level of 5958.26 and is likely to go down more so trader should go for short and expect profit target of 5875.26 with stoploss of 5986.41. Use money management
STAY AWAY FROM SPX 16 jan 2025Charts have been already showing that it needs to go down but now even indicators are showing downside.
Don't be a bull right right now. It is showing short trade now but I wont short
SPX Potential DropTrading in a nice descending channel.
Currently testing the upper channel resistance level which confluences with the previous moves 76.4% Fib Retracement adding weight to this level.
Potential for another test of the equilibrium, potentially even the lower channel trend line around the -27.2 Fib Extension.
Stops can be placed at break even / just above the upper channel trend line.
US500/SPX morning analysisTechnical analysis of US500/SPX.
Three different counts, one bullish (green) and two bearish (yellow, red).
Green count has primary double combo wave to complete the correction, bottom in at 5756.90.
Yellow and red counts both have an expanded flat correction starting on 20 December and are projecting wave (c) to complete above 6039.6.
Yellow count has the expanded flat as a wave ((B)), looking for ((C)) below 5500. Red count has top in, expanded flat as a wave ((2)), looking for wave ((3)) below 5500.
Bulls and Bears zone for 01-16-2025Yesterday RTH session price action suggests that traders were cautious.
Any test of yesterday's High could provide some sense for the day.
Level to watch: 5995 ---- 5993
Reports to look for:
US Business Inventories 10am ET
US Housing Market Index 10am ET
SPX UpdateMarkets look to continue going higher. I see at least 6600.
Melt up be melting up
Not financial advice
Bullish in Short TermBullish in the short term but it will face selling pressure from the top again. However, it will try to sweep liquidity from the top
Market SA – January 16th, 2025Market Recap – January 16th, 2025
Market Overview:
Following a positive CPI update yesterday, markets bounced, but the question remains—was it enough?
Equal-Weighted S&P 500: Moved above the 50 EMA briefly before closing below it, showing an Unbalanced Volume Divergence. This raises caution about a potential reversal or continued range-bound behavior.
Russell 2000: Slightly stronger than the S&P 500, staying above the 50 EMA and neckline of its chop zone.
VIX and Broader Market Indicators: VIX: Currently at 15.94, hovering in the lower range but not yet making a new low.
Growth stocks have improved, with the S&P 500 growth segment above its 20-day average at 59.80.
Industrials: Strong at 74, nearing reversal zones.
Energy stocks: Remain at the higher end of their 20-day average, but typically, this zone precedes declines.
Regional Updates: U.S. Futures: Both the S&P 500 and Nasdaq 100 show green pre-market numbers but face resistance at key levels.
Europe: Markets have shown strength but remain near resistance levels where prior declines have occurred.
Asia: Nothing notable; markets remain flat.
Sector and Commodity Highlights: Taiwanese Semiconductor Manufacturing (TSMC): Reported strong earnings, with a revenue surprise.
Crypto markets: Under mild pressure but holding within ranges.
Commodities: Silver, copper, and gold are trying to push higher but are still within established ranges.
Screener Results: 20% Gainers: 22 symbols, dominated by health technology, though mostly small caps (largest market cap: $13 billion).
8% Weekly Gainers:
227 symbols, with a mixed bag of sectors including energy minerals, finance, health technology, and consumer durables.
Notable names include Mazda , Nintendo , and a few energy stocks.
8% Weekly Losers:
147 symbols, also a mixed bag with no clear sector dominance.
Combination Screens: Bullish Combinations: 83 names.
Bearish Combinations: 20 names.
Plan of Action:
Neutral-to-bearish stance today, with a cautious outlook.
Watching for signs of a reversal or clear breakouts before committing to larger positions.
Leaning short in this chop zone, but the market remains undecided.
S&P 500 Index Rises to Psychological LevelS&P 500 Index Rises to Psychological Level
The US stock market experienced an upswing following the release of inflation data yesterday. According to ForexFactory:
→ The annual Consumer Price Index (CPI) matched expectations at 2.9%.
→ The monthly Core CPI came in at 0.2%, below analysts' forecast of 0.3%.
Market participants interpreted this as a positive signal, leading to the S&P 500 index (US SPX 500 mini on FXOpen) gaining over 1% in the first 30 minutes after the data release.
As reported by Reuters:
→ Concerns about inflation eased, reviving hopes for a potential Federal Reserve rate cut, buoyed by a strong start to the earnings season (which we will cover in more detail later);
→ However, the rally may be short-lived, as inflation in the US remains uncomfortably high and could increase further due to aggressive tariff and tax policies under the new Trump administration;
→ Analysts caution that the Federal Reserve's rate is likely to remain unchanged for some time.
Technical analysis of the S&P 500 index chart (US SPX 500 mini on FXOpen) shows that since early August—when the Japanese stock market crash triggered concerns of a global recession, dragging US equities lower—the price has been in an upward trend, marked by a blue channel. The January mid-month low has provided a more precise point to define the lower boundary of this channel.
From this perspective, traders should note that the current S&P 500 price has reached a resistance zone, which consists of:
→ The median line of the blue channel;
→ The psychological level of 6,000 points;
→ The upper red line, drawn through the local highs of December 2024 and January 2025, suggesting that the decline beginning on 18th December could be viewed as an intermediate correction within the blue ascending channel.
This resistance area may serve as a key test of the bulls' determination to complete the correction and resume the upward trend.
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.
4-hr US500: Setting up for a 100 Point JumpAfter a 300-point correction from its December highs, the SP500 appears to be rebounding as bulls regain control. This recovery is supported by positive economic data, including strong NFP numbers, low unemployment, and CPI readings meeting expectations—all favorable for stocks. Additionally, the earnings season began yesterday with exceptional results from the financial sector, providing further momentum.
Technically, the index is breaking above the 61.8% Fibonacci retracement. If the price closes above the critical 5,980 level, it could signal a trend reversal rather than just a correction. A break above this level may trigger more buying, with upward momentum potentially pushing the price toward forming a Double Top chart pattern at 6,090. This target represents a potential 100-point profit for buyers aiming to capitalize on the move.
The combination of strong fundamentals and technical indicators suggests a favorable outlook, but sustained momentum will be key for bulls to maintain control and achieve these higher levels.
Nightly $SPX / $SPY Predictions for 1.16.2024🔮
📅 Thu Jan 16
⏰ 8:30am
📊 Core Retail Sales m/m: 0.5% (prev: 0.2%)
📊 Retail Sales m/m: 0.6% (prev: 0.7%)
📊 Unemployment Claims: 210K (prev: 201K)
📊 Philly Fed Manufacturing Index: -5.2 (prev: -16.4)
💡 Market Insights:
📈 GAP ABOVE HPZ:
On a gap up, we will hold and run higher. Weekly will pin it down.
📊 OPEN WITHIN EEZ:
Craziest thing was the amount of people trying to call the top today. For tomorrow, any dip would be bought back up unless people start being unanimously bullish.
📉 GAP BELOW HCZ:
Instead of a decisive move, it will be volatile, so daytrade.
#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
Falling Down the StairsIn this chart I talk about the pattern in the S&P .
There is just no way to know where it will end up.
What do you guys think? Where will it go in your opinion ??
Speculative shortBearish divergence on 15m, 1h. Gonna short it atleast to 5907 - volumes are there. Maybe will go lower to 5880, most likely will only add longs there.
