S&P 500 SELL ANALYSIS DOUBLE TOP PATTERN Here on S&P 500 a double bottom pattern has for and price is likely to go down more so if line 5851.14 break there is a chance of falling more and trader should go for SHORT With expected profit of 5791.18 and 5716.64. Use money management Shortby FrankFx143
GBPJPY SELL PRESSURE AFTER HITTING A RESISTANCE @ 192.44The GBPJPY has been under a strong bearish pressure for the past weeks and we can sight a continuation as the price fall below 191.59. Short06:40by Austinet240
SPX in H1 chart (a complementary discussion). Hello I just published my EW idea about the next movements of SPX and this idea is to say something else. Some of you think that why I do not publish lower timeframes for SPX. I did it to show you what happens in lower timeframes in an INDEX chart like SPX. If you dive down in Stock market you realize that these charts can work in lower timeframes (I am talking in the aspect of EW) but i never recommend trading in small timeframes (Intraday Charts) just reliant on EW. I myself use Volume Trading for intraday trading to get my entry points and you can find your favourite but do not forget that EW is not to find entry points. What EW can do for you is unique and there is no other techniques in the world that can do something like that but this is not for getting positions. Please do appropriate techniques for every part of your trade. Dogmatism can destroy your trades. This chart is an obvious impulse for now but we need something else more than EW principles to enter in a right time with the best price. Thanks Shortby AMA_FXUpdated 5
S&P 500 Analysis: ATH Tested, Key Levels for Next MoveS&P 500 Technical Analysis The price reached the resistance line and Recorded a new ATH, at 6034 Bullish Scenario: A decisive breakout above 6030, confirmed by a 4-hour candle close, would signal bullish momentum, with potential targets at 6068. Bearish Scenario: Sustained trading below 6030 could pave the way for further downside targets at 5970 and 5932. Key Levels: Pivot Point: 6022 Resistance Levels: 6068, 6100, 6120 Support Levels: 5970, 5932, 5896 Shortby SroshMayiUpdated 7
SPX500 / US500 Index Market Money Heist Plan on Bullish SideHallo! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist SPX500 / US500 Index Market Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry in pullback. Stop Loss 🛑 : Recent Swing Low using 2h timeframe Attention for Scalpers : Focus to scalp only on Long side, If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. 💖Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂Longby Thief_TraderUpdated 3
SPX500 SPX500 Index Completed " 12345 " Impulsive Waves Break of Structure Double Top as an Corrective Pattern in Short Time Frame Resistance Level Change of Characteristicsby ForexDetective2
S&P 500: A -0.5% Decline Amid Mixed Economic Data S&P 500: A -0.5% Decline Amid Mixed Economic Data The S&P 500 index experienced a slight decline of 0.5% today, reflecting a mix of economic signals, investor sentiment, and broader geopolitical concerns. Key data releases from the US provided a nuanced picture of economic performance, contributing to cautious market behavior. US Economic Data Highlights - **EIA Crude Oil Inventories:** Fell by -1.844M barrels, exceeding the forecast of -1M, reflecting tighter supply conditions. - **US GDP Growth (Q3, Second Estimate):** Steady at 2.8%, unchanged from the previous estimate, highlighting consistent economic expansion. - **Personal Consumption and Spending:** October’s real personal consumption rose by just 0.1% (forecast: 0.2%), while consumer spending grew by 0.4%, meeting expectations but signaling a slowdown compared to revised previous data of 0.6%. - **Durable Goods Orders:** Increased marginally by 0.2%, falling short of the forecast of 0.5%, indicating weaker-than-expected demand for long-term goods. - **PCE Price Index (YoY):** Rose to 2.3%, aligning with forecasts but higher than the previous 2.1%, underscoring mild inflationary pressures. Market Sentiment and Seasonality Despite today’s decline, seasonality is currently favorable for the S&P 500, as historical trends often support equities during this time of year. Additionally, the **Fear & Greed Index** currently sits at **64 points**, indicating moderate optimism among investors and a "Greed" sentiment, which typically supports risk-on behavior in the markets. Rate Cut Expectations Market participants are closely monitoring monetary policy, with a **70% probability** currently priced in for a **25 basis-point rate cut** at the Federal Reserve’s next meeting on **December 18th**. Such a move could provide additional support for equities by easing financial conditions, though its long-term impact remains uncertain. Geopolitical Risks While the economic picture and market sentiment provide support, ongoing geopolitical risks continue to weigh on investor confidence. The war in Ukraine remains a significant factor in the global risk landscape, with potential implications for energy prices, supply chains, and broader economic stability. Long-Term Trend Intact, but Correction Could Persist The S&P 500’s long-term upward trend remains intact for now, supported by strong economic fundamentals and favorable seasonality. However, the current correction may take some time to resolve as markets digest mixed data and geopolitical risks. Investors should be prepared for potential short-term volatility while keeping an eye on key macroeconomic developments. Broader Context Today’s data reinforced the view of a steady, albeit moderating, US economy. However, forward-looking risks are rising: - **Global Economic Outlook:** The S&P Global forecast predicts global GDP growth of approximately 3% by 2025, with the US slowing to below 2% next year and China toward 4%. - **US Policy Risks:** Anticipated policy changes under the new administration may elevate inflationary pressures and tighten financial conditions, introducing further uncertainty for equity markets. Implications for S&P 500 The S&P 500’s modest decline today reflects investor caution as the market digests mixed signals from economic data and weighs the potential for policy shifts. However, supportive seasonality, a "Greed" sentiment on the Fear & Greed Index, and expectations of a December rate cut could help stabilize or even boost the index in the near term. Looking ahead, the interplay between policy developments, global growth dynamics, geopolitical risks, and corporate earnings will remain crucial for the index's direction. What’s your outlook for the S&P 500? Will the anticipated rate cut and seasonal trends provide a boost, or will geopolitical and economic risks keep the market under pressure? Share your thoughts in the comments! by InvestMate111
Is SPX500 Poised for an Upward Movement?OANDA:SPX500USD Daily Chart Current Price: 5,812.8 Analysis: Falling Broadening Wedge: Upon analysing the daily chart, the price is forming a Falling Broadening Wedge pattern, which typically indicates a continuation of the prevailing trend. This pattern often suggests increasing volatility, leading to a potential bullish breakout if the price breaches resistance levels. Support Levels: • 5,703.1 • 5,625.0 Resistance Levels: • 5,937.5 • 6,015.6 • 6,097.0 Happy Trading! Stay tuned for further updates and insights.Longby SpicyPipsUpdated 114
spx 500 short with htf shark + ltf shark As a confirmation of a shark formation formed on the daily, another shark formation is formed on the lower time frame. There is also a negative divergence in many time frames.Shortby Japon_Ev_Hanimi116
Using Bollinger Bands to Gauge Market Trends and Volatility The US Thanksgiving holiday usually marks a quieter period for trading, as US financial markets are closed on Thursday and US traders often take the Friday off as a holiday to benefit from a long weekend. This can see both lower volume and volatility, so we thought we’d take this time to outline one of our favourite technical indicators, called Bollinger Bands. The aim is to increase your knowledge of a new indicator you may consider worth knowing, ahead of the first week of December, which is packed full of important events that may kick start markets moving again into the end of 2024. We intend to highlight how Bollinger Bands can potentially be applied to help read both current trending and volatility conditions for any asset. To help with this, we are using the US 500 index as an example to outline the type of band set-ups you can consider using within your day-to-day analysis and trading. What are Bollinger Bands? Bollinger bands are made of 3 lines – the mid-average, upper and lower band (see chart above). The mid-average is a 20 period moving average, with the upper and lower bands calculated using 2 standard deviations either side of the mid-average. If you are unsure of the concept or how to calculate 2 standard deviations, please don’t worry, the Pepperstone charting system will do this automatically for you and add them to the chart of any asset you may wish to analyse. The mid-average is used to reflect the direction of the on-going trending condition of a market. If its rising, an uptrend is in place, while if it’s falling, a downtrend is evident. How the bands act in relation to the mid-average is key when using Bollinger bands. They can often offer important confirmation of the trend and can show if acceleration phases in the price of a particular asset may be seen within that trend. The most important thing to know about Bollinger bands is that they react to increasing volatility within price. Periods of increasing volatility see both bands widening away from the mid-average, while if volatility is decreasing, they contract or draw closer to the mid-average. Let’s look at this further. What Set-Ups are We Looking For and What Do They Mean? There are 5 set-ups to be aware of when using Bollinger bands and each offer clues to the next activity in the price of a particular asset. 1st: Volatility Increasing Within a Confirmed Trend: When the mid-average is either rising (to highlight an uptrend) or falling (to reflect a downtrend), and the bands are widening to show increasing volatility within that trend, alongside the upper band being touched in an uptrend, or within a downtrend, the lower band being touched. When all the above conditions are evident, the potential is for that move to extend further than perhaps anticipated. On the US 500 Index chart above, the green arrows mark when these more aggressive trending conditions are in place. 2nd: Volatility Decreasing Within a Confirmed Trend: Where the mid-average is either rising (uptrend) or falling (downtrend), and the bands are contracting reflecting decreasing volatility within that trend. When these set-ups are in place, the speed of the recent directional move is slowing, and the possibilities are increasing for a consolidation in price. During this period, we may want to consider reducing or closing positions and reverting to the side lines, as a setback could materialise, as a reaction to the latest move. On the chart above, red arrows mark these consolidation periods. 3rd: Mid-Average Support/Resistance Holds Within Corrective Moves: Within these corrective or recovery phases after periods of increasing volatility and widening bands, we must watch how the mid-average support or resistance is defended. If the mid-average is rising, highlighting an uptrend and holding price weakness, it may resume the direction of the original trend. Similarly, when the mid-average is falling, highlighting a downtrend and holding price strength, it may continue in the same direction. However, past trends and technical indicators are not reliable predictors of future performance, and market conditions can change unexpectedly. On the new chart above, these points are marked by the blue vertical arrows. 4th: Trend Channels Form Between Mid-Average and Upper/Lower Band: When the rising mid-average holds as suggested in the third set-up above, this can see uptrend or downtrend channels form in price. In an uptrend, the rising mid-average holds price weakness and turns it higher. While this still sees price strength, volatility doesn’t increase but remains steady, reflected by rising parallel bands and support continues to be found by the rising mid-average. However, resistance materialises following tests of the upper band, for a setback towards the support of the still rising mid-average. This pattern ends if the price of the asset breaks below the support offered by the rising mid-average. On the latest chart above, this is marked by the purple arrows. When the declining mid-average holds price strength, as suggested in the 3rd set-up above, this can see a downtrend channel form in price. In a downtrend, the declining mid-average holds price strength and turns it back lower. While this scenario still sees price weakness, volatility remains steady and doesn’t increase, reflected by the declining bands being parallel, and resistance continues to be found by the falling mid-average. However, tests of the lower band see support materialise and a rally in price ensues towards resistance marked by the still falling mid-average. This pattern ends if the price of the asset breaks above resistance offered by the falling mid-average. This situation is the opposite of the chart above. 5th: Mid-Average Broken to See More Extended Rally/Sell-Off: Mid-average support or resistance gives way, but while price weakness or strength develops, the direction of the average doesn’t change. This sees a limited move in the direction of the mid-average break. During price weakness, if the mid-average continues to rise, the lower band can act as a support level and prompt a rally. During price strength, if the mid-average continues to fall, the upper band acts as a resistance level from which price weakness can emerge again. These signals are marked by the green rectangles in the chart above. It is important to note in this example, if an upper or lower bands is touched and then both bands start to widen alongside the mid-average changing direction, then this is highlighting the 1st set up described above, meaning we are observing increasing volatility within what is a new trending condition. In this situation, we may need to consider adjusting our trading strategy to reflect this new directional shift in price. Conclusion: While past signals within Bollinger Bands are not a guarantee of future signals, by utilising the set-ups described above, they may offer an indication of the latest trending conditions in the price of a particular asset. More importantly, they help to highlight when increasing volatility is materialising and when more sustained price moves are possibly on the cards, in the direction of the on-going trend. Also, they show when decreasing volatility can result in a period of consolidation and a reaction to the recent move due. Take a look at the Pepperstone charting system and consider whether Bollinger Bands may help you establish the next directional moves for the asset you’re trading. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted. Educationby Pepperstone77145
SPX SP500 Nov 27 2024 zonesBullish zone above 6030 Bearish zone below 6013 Note: This is not a buy/sell call. Use stop loss whenever trade. by W_0300_82082101
Absolute craziness ! SP500 retesting 6k and SHORTHello fellow traders This idea is mainly based on an assumption this craziness can't go any longer! Look at RSI, the divergency overheated level tested, price channel?? Early recession signs, AI bubble, etc Please protect your capital, have a SL which won't cause you sleepless nights :D This is just an idea not a trading advise! Good luck anyone who's with me Shortby lb-counts3
S&P 500 Index Hits a New RecordS&P 500 Index Hits a New Record As shown on the S&P 500 chart (US SPX 500 mini on FXOpen), the stock index has reached a new record, surpassing the high set on 11 November. Bullish sentiment on Wall Street was driven by the announcement that Trump has selected Scott Bessent, a renowned investor and hedge fund manager, as Treasury Secretary. A technical analysis of the S&P 500 chart (US SPX 500 mini on FXOpen) reveals that the price is moving within two ascending channels: → The medium-term blue channel that began in August. → The short-term steeper channel (marked with black lines), which has pushed the price from the lower half of the blue channel to its upper half. → The decline from B to C retraced approximately 50% of the rise from A to B. However, how robust is this bullish sentiment? Two bearish factors warrant attention: → Rising Cboe Skew Index: Reuters reports an increase in the Cboe Skew (.SKEWX), a financial tool reflecting investor caution. Concerns may stem from potential inflation spikes, Trump’s tariffs, and other risks. → Possible False Breakout: The chart indicates that after setting a new high, the price turned downward (marked with a red arrow), potentially signalling a false bullish breakout of the previous high. The strength of demand will become clearer following the market's reaction to the release of the Personal Consumption Expenditures (PCE) index, scheduled for today at 18:00 GMT+3. 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.by FXOpen2211
SPX500 | Bullish ContiuationBased on the H4 chart analysis, we can see that the price is falling to our buy entry at 5,976.93, which is an overlap support close to 38.2% Fibo retracement. Our take profit will be at 6,087.28, which aligns with 127.2% Fibo externsion The stop loss will be placed at 5,891.77, which is an overlap support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Longby FXCM1
Thanksgiving Thoughts on SPXHoliday Idea: I spy a two bar pattern for the last two weeks; Piercing Candlestick Pattern. A slight pullback may be possible. Above this week's close, I will target the previous week's open/high. A caution is that I see this on the weekly chart near ATH. A flip would be a break and close below last week's candle (5850). If we gap down Monday due to the location of that close, I'll wait to see if we get back above 5850. So I'm resting and betting on my understanding. Google Homework: piercing line candlestick patternLongby mommymilesUpdated 0
Sharpe ratio and one year return of spx vs m2 money Sharpe ratio one year return of spx vs m2 money rate of change on year year .... by JoaoPauloPires0
SPX500 Analysis: Rising Wedge & Bearish Divergence The SPX500 index exhibits a rising wedge pattern on the , a well-known bearish formation that suggests waning bullish momentum. This pattern typically emerges as price climbs within converging trendlines, hinting at a potential reversal. The significance of this setup is amplified by the appearance of a bearish divergence between price action and momentum indicators, such as the RSI and MACD, on this higher time frame. Key Observations: Rising Wedge Formation: The price action is consolidating within an upward-sloping wedge, with diminishing momentum evident from the narrowing of the range. A breakdown below the wedge's lower boundary could confirm a bearish move, targeting lower support levels. Bearish Divergence: The RSI is forming lower highs, while the price prints higher highs, signaling a weakening of bullish momentum. On the MACD, we see similar divergence, with the histogram flattening and a potential bearish crossover developing. Analysis and Expectations: The confluence of a rising wedge and bearish divergence on this high time frame raises caution for bullish traders. While the broader trend remains upward, these signals often precede a correction or pullback. A decisive break below the wedge's lower trendline, accompanied by increased selling volume, could trigger a deeper retracement. What to Watch: Wedge Breakout or Breakdown: A break below the lower trendline signals potential bearish continuation, while a breakout above the wedge may invalidate the setup. RSI Levels: Watch for a drop below 50 to confirm bearish momentum. MACD Crossover: A bearish crossover on the MACD will reinforce the downside scenario. Volume Spike: A spike in volume during a breakout or breakdown adds validity to the move. Personal View: I see this setup as a potential pivot point for SPX500. The combination of technical patterns and divergence warrants a cautious stance. If the bearish scenario unfolds, it could offer short opportunities with defined risk-reward setups. However, traders should remain vigilant for any invalidation signs, such as a breakout above the wedge, which could reignite bullish momentum. Disclaimer: This analysis is based on technical patterns and indicators. Always consider macroeconomic factors and risk management in your trading decisions. Previous LONG call Previous LONG call based on divergence Shortby AnoinvestUpdated 4419
Gold's 4th HISTORICAL capital rotation eventGold's 4th HISTORICAL capital rotation event looming around the corner. Expecting #silver, #uranium, #copper & #crudeoil to do very well afterwards. #SPX #Gold #MarketCrash #MomentumShift #StockMarket #CapitalRotation #BearMarketby Badcharts5
Monthly CloseS&P500 Timeframe H6 - Since the open this week we have been hovering around the 6,000 mark which is currently acting as a psychological level. Is there more upside to come before the end of the monthly candle close or are we going to see another bounce lower from this zone like we did last week?by Swiing2
An a idea for SPX500Contemplating the possibility of a long-term pullback to look for that liquidity. Resume positions and continue to give new highs. We'll see what happens...Shortby OnepipMindset3
S&P500 Don't expect the rally to stop now.Our last S&P500 (SPX) analysis (November 18, see chart below) gave us the ideal buy entry on the 0.5 Fibonacci retracement level, with the price immediately responding with a rebound: The rebound took place on the 4H MA200 (orange trend-line) and we are now even past the 4H MA50 (blue trend-line). Despite the strong uptrend, this rally is far from over technically, as not only is the 4H RSI below the (70.00) overbought barrier where it has given the first bearish signs near the two previous Higher Highs, but also significantly lower than the top (Higher Highs trend-line) of the September 06 Channel Up. As a result we expect a continuation of the current Bullish Leg. The previous one peaked on the 1.786 Fibonacci extension, so our Target is now just below it at 6150. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot1124
S&P drifts in holiday-shortened weekUS stock index futures were little-changed in early trade this morning. This follows a strong session on Monday which brought a fresh record close for the Dow, and a new intra-day high for the Russell 2000. The S&P and NASDAQ also posted gains for the session. But all four majors pulled back from the pre-open highs made by their respective front-month futures contracts. The gains came as investors continue to react to the Presidential Election and to Trump’s victory. Investors expect a strongly business-friendly administration, promising deregulation and tax cuts. And in contrast to the apparent chaos and disorganisation in the wake of Trump’s first election win, this time his picks for senior political appointments have been timely, and greeted positively, on the whole. Undoubtedly, markets were bulled up by the choice of Scott Bessent as Treasury Secretary, given his successful career as a leading hedge fund manager. Mr Bessent brings with him a ‘Rule of Three’, whereby he intends to: cut the budget deficit by 3% by 2028, push real GDP growth to 3% and work to boost oil output by 3 million barrels per day. US Treasury bonds soared on news of Mr Bessent’s appointment, with the 10-year yield dropping around 14 basis points. Despite this, there are concerns over Trump’s threatened trade tariffs. Yesterday, the president-elect named China, Mexico and Canada as his big three targets for tariffs, which between them account for around 40% of US imports. With all the majors pulling back from yesterday’s highs, the S&P 500 is trading below 6,000 once again. Investors will want to see bullish momentum pick up ahead of the Thanksgiving holiday on Thursday. But it’s worth noting that the probability of another 25 basis point rate cut from the Fed at its December meeting continues to fall. This shouldn’t be too much of a surprise given that the Dow alone is up close to 8% in less than two weeks, that Fed Chair Powell has said there’s no rush to cut rates further, and that inflation has turned higher. Tomorrow there’s an update on the Fed’s preferred inflation measure, Core PCE. Today sees the release of FOMC minutes and the Conference Board’s Consumer Confidence number. by TradeNation3
Wall Street Gains on Easing Rates; S&P 500 Key Levels &ScenariosInterest Rates and Economic Reports Boost Wall Street Futures; Asia and Europe Higher Wall Street futures edged higher in pre-market trading on Monday, supported by easing interest rates and a focus on key economic reports scheduled for the week. While the earnings calendar remains light, the market's attention is shifting toward fundamental economic data, shaping investor sentiment. S&P 500 Technical Analysis The price will try to touch 6022 and then will drop to touch 5970 if it can stabilize below 6022. Bullish Scenario: A decisive breakout above 6022, confirmed by a 4-hour candle close, would signal bullish momentum, with potential targets at 6068. Bearish Scenario: Sustained trading below 5970 could pave the way for further downside targets at 5932 and 5896. Key Levels: Pivot Point: 5998 Resistance Levels: 6022, 6068 Support Levels: 5972, 5932, 5896 Longby SroshMayiUpdated 11