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US 500 (SPI) / US DollarUS 500 (SPI) / US DollarUS 500 (SPI) / US Dollar

US 500 (SPI) / US Dollar

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SPIUSD trade ideas

S&P corrective pullback after bullish breakout to new ATHS&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 reaching the intraday all time high. The key trading level is at 6080 level, the consolidation price range and also the previous resistance now newly formed support zone. A corrective pullback from the current levels and a bullish bounce back from the 6080 level could target the upside resistance at 6140 followed by the 6160 and 6200 levels over the longer timeframe. Alternatively, a confirmed loss of the 6080 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 6030 support level followed by 6000. 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 In Limbo - Which way will it break?SPX in Limbo – Will It Break Up or Down? | SPX Market Analysis 19 Feb 2025 Still waiting. Yep, that’s where we are. The market is about as exciting as watching paint dry, but this is not the time to get impatient. As much as I’d love to jump into a trade just to feel productive, I know better—waiting for the right entry beats chasing the wrong one. Let’s break it down while we sip on tea and pretend to be Zen masters of market patience. --- SPX Deeper Dive Analysis: Why Patience is Everything in Trading There’s an old trading rule that never fails—the market will always move… eventually. But right now, it’s in one of those frustrating, indecisive moods where: Nothing is confirming (so forcing a trade is a bad idea) It’s stuck between two key levels (meaning we wait for the breakout or breakdown) Volume is sluggish (which means false moves are more likely) Still Watching Two Scenarios ☑ Scenario #1 – The Bullish Breakout Entry Needs price to confirm above key resistance No fakeouts—just clean, strong momentum Only then do I consider a bullish trade ☑ Scenario #2 – The Bearish Reversal Entry Needs clear rejection at resistance No weak, choppy movements—just a solid confirmation Only then do I take a bearish setup Why Forcing Trades is a Losing Game Let’s be honest—waiting is boring. But do you know what’s worse? Jumping into a trade just because you're impatient… and then watching it immediately go against you. Every trader, at some point, has thought: "It looks like it’s going to move, maybe I should enter early…" (Nope.) "I don’t want to miss the move…" (You won’t—if you follow the plan.) "Other traders are jumping in—should I?" (Nope. They’re probably wrong.) The right trade at the wrong time is still the wrong trade. What’s Next? ✅ Stay patient—the market will tip its hand soon enough ✅ Wait for clear confirmation—not “I think this might be it” confirmation ✅ Don’t trade out of boredom—trade because the setup is 100% valid 📌 Final Takeaway? Patience = profit. I’m still waiting, tea in hand, and when the market finally makes its move, I’ll be ready. --- Fun Fact 📢 Did you know? The stock market used to take 5 months to process a trade before the 1970s. Now? It happens in milliseconds—but traders still struggle to wait a few hours for the right setup. 💡 The Lesson? Patience has always been a trader’s best tool. Some things never change.
SP:SPX
by MrPhilNewton
2
SPX500USD Will Go Down From Resistance! Short! Take a look at our analysis for SPX500USD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 6,134.7. The above observations make me that the market will inevitably achieve 6,040.9 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
OANDA:SPX500USDShort
by SignalProvider
1
Elliott Wave View: S&P 500 (SPX) Breaking to New All-Time HighShort term Elliott Wave in S&P 500 (SPX) suggests that pullback to 5774.1 ended wave ((4)). The Index has resumed higher in wave ((5)) and broken above previous wave ((3)) peak. Wave ((5)) is in progress as a 5 waves impulse Elliott Wave structure. Up from wave ((4)), wave ((i)) ended at 5871.9 and pullback in wave ((ii)) ended at 5805.4. Wave ((iii)) higher ended at 5964.69 and pullback in wave ((iv)) ended at 5930.72. Final leg wave ((v)) ended at 6128.18 and this completed wave 1 in higher degree. Pullback in wave 2 unfolded as a zigzag Elliott Wave structure. Down from wave 1, wave ((a)) ended at 5962.92 and rally in wave ((b)) ended at 6120.91. Wave ((c)) lower ended at 5923.9 which completed wave 2 in higher degree. The Index has resumed higher again in wave 3. Up from wave 2, wave ((i)) ended at 6101.28 and pullback in wave ((ii)) ended at 6003. Up from there, wave (i) should end soon, and the Index should pullback in wave (ii) to correct cycle from 2.12.2025 low before it resumes higher. Near term, as far as pivot at 5774.1 low stays intact, expect pullback to find buyers in 3, 7, or 11 swing for further upside.
TVC:SPX
by Elliottwave-Forecast
1
SPX Long Trade Setup Analysis (3H Timeframe - Vantage)🔹 Current Setup: - 🦈 The Bullish Shark Pattern has completed at D (5912.17), indicating a potential reversal zone. - 📉 Price is currently bouncing off the 1.001 Fibonacci extension level. - 📍 Key Resistance Levels (Take Profit Targets): - 🎯 TP1: Fibonacci 27.2% extension (~6201.66) - 🎯 TP2: Fibonacci 61.8% extension (~6286.52) - 📍 Key Support Levels: - ❗ Critical Stop Zone: 5889.73 (inside the previously broken channel) - 🔻 Deeper Bearish Target: 5782.41 (161.8% Fibonacci extension) 📈 Bullish Scenario (Long Setup) - 🟢 Entry: Above 5945 (current market price) - 🎯 Take Profit 1: 6201 (27.2% Fibonacci extension) - 🎯 Take Profit 2: 6286 (61.8% Fibonacci extension) - 🔴 Stop Loss: Below 5890 (to avoid whipsaws) ✅ Justification: - 🔹 Price has bounced from a strong Fibonacci support level - 🔹 Harmonic pattern suggests a potential bullish reversal - 🔹 TP targets align with Fibonacci extension levels and previous structure resistance 📉 Bearish Scenario (Short Setup) - ❌ Invalidation Level: Below 5880 - 🔻 Downside Targets: - 5820: First support area - 5782: 161.8% Fibonacci extension ✅ Justification: - ❗ If the price breaks below 5890, the harmonic pattern fails, signaling more downside - ❗ 5782 aligns with channel equilibrium, meaning a further drop could happen ⚡ Key Takeaways - 🔹 Bullish bias above 5912, bearish below 5890 - 🔹 A break above 6000 will confirm the uptrend - 🔹 A break below 5880 could lead to 5782 or lower
VANTAGE:SP500Long
by Who-Is-Caerus