SPY back in the trendlineFrom a technical stand point, the expectation was that the trend line will be respected and sellers will force price to close back inside.
Today's daily close can ignite further downward movement which can align with August seasonality that typically sees Indices pull back within this period.
Target still remains 6108 at previous ATH
SPX500USD trade ideas
S&P 500 extends rally despite macro concernsThe 5% Apple rally aside, it is all about rate cut bets vs. strong earnings. So far, the latter has helped to keep US markets supported near all-time highs. But if macro concerns increase further, investors' perception about future earnings growth will weaken. And with that, we could see some cracks in expensive stocks.
Looking at the hourly chart of the SPX500, the US benchmark was testing a potential resistance zone in the shaded region between 6345 to 6367, an area which was previously support. Above this zone, 6392 is the next level of potential resistance and then the all-time high of 6436 comes into focus next.
earlier, the index bounced after a failed breakdown below the trend line shown on the chart. Another potential test of the trendline could see the index break lower. Short-term support is seen around 6319 then 6277.
By Fawad Razaqzada, market analyst with FOREX.com
You Are NOT Your P<here was once a tree that stood alone at the edge of a cliff, overlooking the vast sea.
Some days, the sun shone bright, the winds gentle, the water below calm and peaceful. Other days brought heavy storms, fierce winds, crashing waves, rain so relentless it seemed the skies might never clear again. The seasons came and went. The skies changed again and again. But the tree never thought of itself differently because of the weather.
It did not feel more valuable on a sunny day. It did not feel broken or weak when storms battered its branches. The tree simply stayed rooted. It understood something quietly powerful - “ the weather was never personal. It wasn’t about the tree.”
The tree remained, growing slowly over years, not because the conditions were always perfect, but because it had learned to stand through all of it.
This is something most traders forget.
We step into the market with good intentions, hungry to learn, eager to succeed. But somewhere along the way, we make a mistake. We let our self-worth become tied to the numbers on the screen.
A green day makes us feel smart, in control, like we’ve cracked the code. A red day, on the other hand, shakes us to the core, makes us question our place, our skill, even our worth, like we never belonged here at all.
The danger isn’t just in the financial losses. It’s in how we let the market shape how we see ourselves.
But here’s the truth the market won’t tell you upfront: the market doesn’t know who you are, and it doesn’t care . It doesn’t remember what you did yesterday, how many hours you’ve spent learning, or how desperately you want this to work.
The market moves how it moves. Sometimes it moves with you, sometimes it moves against you. It’s neither a punishment, nor a reward. It’s just movement.
Your wins don’t make you superior. Your losses don’t make you dumb. Both are part of the same cycle, and part of the environment you’ve chosen to work in. If you build your self-image on the outcome of your last trade, you’ll forever live on a fragile edge. Every swing will shake you. Every drawdown will feel like a verdict on who you are.
But trading isn’t about who you are today. It’s about who you become over time.
Your job isn’t to seek approval from a system built on randomness and probability. Your job is to build yourself on steadier ground. To stay rooted, like a tree. To let your process define you, not your P&L.
The storms will come. They always do. Volatility, uncertainty, periods where nothing seems to work - these are all part of the environment. The traders who survive are NOT the ones who try to outmuscle the market. They are the ones who protect their capital, their energy, and their mindset through it all.
They understand that being steady is more important than being brilliant - that surviving is more valuable than being right.
Detach your self-worth from the swings. Build your identity on discipline, patience, humility - the quiet habits you control. These are your roots. And when the storm rolls in, they’re what keep you grounded.
When you stop tying your self-image to your short-term results, you begin to see the market more clearly. You stop forcing trades to make yourself feel better. You stop chasing moves to prove something. You start letting your process do its work, even when it feels slow.
You start to realise that progress in trading is quiet and unfolds slowly, almost invisibly, much like a tree growing through the seasons. Small shifts accumulate over time, often going unnoticed, until one day you look back and truly see how far you’ve come.
When you understand this, red days lose their sting. Green days lose their arrogance. Both just become part of the weather. You adapt, endure, and move forward.
You don’t measure yourself by how much you made this week, this month, or even this year. You measure yourself by how well you followed your process , how calmly you handled the volatility, and how patient you remained when there was nothing to do.
The market doesn’t ask for perfection - only consistency. And consistency comes from within, not from chasing highs or avoiding lows, but from standing firm through both.
Like the tree on the cliff, your strength is not in avoiding the weather. Your strength is in understanding that the weather will pass. It always does. Your roots - your process, your discipline, your patience, are what keep you standing until it does.
⦿ Learn to protect your energy.
⦿ Learn to lose without self-doubt.
⦿ Learn to win without ego.
⦿ Learn to wait without fear.
⦿ Learn to wait patiently
Your worth is not in your wins or losses. It’s in how you carry yourself through both.
Stay rooted.
The seasons will change.
And when they do, you’ll still be here, stronger than you were before.
The Low Is In: Why the S&P 500 Just Confirmed a Bullish Reversal🔥 The Low Is In: Why the S&P 500 Just Confirmed a Major Bullish Reversal 🔥
The market just gave us a gift.
After weeks of drifting lower and sentiment turning cautious, the S&P 500 has touched — and bounced — off a critical rising trendline for the third time since May 2025. That third touch isn't just a technical coincidence… it's often the launchpad for a new impulsive leg higher.
📈 The Power of the 3rd Touch: Trendline Validation Complete
Look at the chart. This isn’t guesswork. Since May, the S&P 500 has been respecting a well-defined ascending trendline, one that connects multiple higher lows during this bull run.
The first touch was the May liftoff after the April consolidation.
The second came in June — a clean retest and bounce.
Now, as of early August, the third touch has held once again, exactly where the bulls needed it most.
This isn’t a random line on a chart. This is institutional flow stepping in to defend structure.
And when a rising trendline holds for a third time after a strong uptrend? That’s a classic continuation signal.
📉 RSI Washout + Structural Support = Perfect Storm for a Bottom
The RSI printed a dramatic dip to ~32, a level that screams “oversold” on the 4-hour timeframe. But notice the context — it happened right at structural support.
This is not weakness. This is accumulation.
Big players shake out weak hands on low timeframes… right before they send it.
🧠 Sentiment Is Offside… Again
Let’s not forget: this retrace came after a huge run-up since March. People expected a deeper correction. Bears started getting loud again.
That’s how bull markets trap you — by convincing you it’s over right before the next leg higher.
And with macro tailwinds (liquidity expansion, fiscal spend, tariff rollbacks), earnings season beats, and global capital rotation into U.S. equities, this setup is ripe for a violent upside squeeze.
🚀 8,700 in Sight: My End-of-Year Price Target Is Very Much in Play
Today’s close around 6,220 means the S&P 500 would need to rally ~40% to hit my target of 8,700 by year-end.
Sounds crazy? Not if you’ve seen what happens during parabolic melt-ups.
This isn’t just hope:
📊 Strong breadth under the surface
🏛️ Dovish policy pivot now expected in Q4
💸 Retail and institutional capital both re-engaging
📉 Bond yields are starting to roll over, supporting equity valuations
When bull markets enter their euphoria phase, they don’t stop at “reasonable” targets. They blast through them.
💡 The Setup Is Textbook — Now It’s About Execution
✅ Trendline defended
✅ RSI reset
✅ Sentiment shaken out
✅ Structure intact
The technicals just aligned with the macro. The low is in — and the runway to 8,700 is wide open.
Strap in. Q4 could be one for the history books.
S&P 500 Daily Chart Analysis For Week of August 1, 2025Technical Analysis and Outlook:
During the trading activity of the previous week, the S&P 500 Index displayed a predominantly bearish movement after completing our Outer Index Rally target of 6420, as highlighted in the prior week’s Daily Chart Analysis, with the primary objective now being to plug our Mean Support at 6200.
It is essential to recognize that the current price movement may trigger a significant further pullback to the Mean Support level of 6090. Following this downturn, it is expected that the index will resume its upward momentum, aiming for a retest of the Outer Index Rally peak at 6420.
Correction will be to 6050-6190, probably the upper limit Now I notice something very important and things and the analyses of many actually coincide. Monthly support from the accumulated volume lies between 6050 and 6170. 4h indicators show a clear reversal. Separately, at these levels are the previous ATH. In my opinion, it is possible to stop even at 6180-6190. We will probably start with a gap on Monday. Now here comes the moment and over the weekend what will take place as conversations and statements in the media, but it is very likely that the minimum could happen as early as Monday night (USA time) or by Tuesday. I agree that this correction was necessary and should have happened as soon as possible because things became difficult even for bulls like me.
US500 SP500 Sell the news- ShortHello fellow traders, what do you think? Am I predicting FUTURE? This is my early entry, cautious, but holding steady, checking from time to time but general rule- what went up will eventually fall. The price is just a Wave of coincidance and events, trade carefully! Protect capital! don't copy my idea it's an idea NOT A TRADING ADVISE
US Stocks on Watch as Momentum ShiftsAfter a resilient summer run, US equities are now facing a new wave of pressure. Friday’s slide was more than just a reaction to headlines, it may be the first sign of a deeper shift in sentiment.
Jobs Data Disappoints as Tariff Tensions Rise
Friday’s US jobs report was a jolt. Just 73,000 nonfarm payrolls were added in July, well short of the 110,000 expected. But the real gut punch came from the revisions. June’s figure was slashed from 147,000 to just 14,000 and May’s total was lowered by another 125,000. Taken together, that is over a quarter of a million fewer jobs than previously reported. The softening labour market has now pushed the probability of a September rate cut to 66%, as traders start to price in a more cautious Fed response.
If that was not enough, President Trump added fresh fuel to the fire by announcing a new round of tariff hikes. Imports from Canada will now face a 35% levy, up from 25%, while goods routed through third countries to avoid duties will be hit with a 40% charge. These measures come at a time when the global economy is already under strain, and investors wasted no time in pulling back. Tech and financials bore the brunt, with Amazon and JPMorgan among the hardest hit.
Short Term Momentum Breaks Down
Last week’s price action marked a clear change in tone. The S&P 500 attempted to break to fresh highs on Thursday but was met with a wave of selling on increased volume, forming a bearish engulfing candle. That move was followed by a sharp decline on Friday after the jobs data landed. This two-day drop, coming on elevated volume, stands out as a clean reversal in short term momentum and is most visible on the hourly chart.
That kind of shift raises an important question about timeframes. If you're a short-term trader focused on hourly candles and below, you will likely be watching for bearish continuation patterns. That could mean looking for brief pauses in the selling, flags or consolidations, before another leg lower.
Longer term traders will be reading the chart differently. While short term momentum has clearly turned, the longer-term structure is still intact. The market is now pulling back into a key zone of former resistance from earlier in the year. This cluster of highs, once broken, now acts as support, and just so happens to line up with the 50-day moving average. For those taking a wider lens, this is the kind of area where trend followers could look to reload.
US500 Daily Candle Chart
Past performance is not a reliable indicator of future results
US500 Hourly Candle Chart
Past performance is not a reliable indicator of future results
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
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29-07-2025This chart contains my analysis and key observations for today's trading session. All drawings and indicators reflect my current view of the market as of today. The purpose of this publication is to keep a record of my analysis and review it later for learning and improvement. No investment advice is provided.
US500 (S&P): Trend in daily time frameThe color levels are very accurate levels of support and resistance in different time frames, and we have to wait for their reaction in these areas.
So, Please pay special attention to the very accurate trends, colored levels,
and you must know that SETUP is very sensitive.
Be careful
BEST
MT
US 500 – Potentially A Pivotal Week Ahead The US 500 index registered a new record closing high on Friday at 6396 continuing a bullish trend that has yet to show many signs of faltering. The Monday open has seen this move extend as traders digest the positive news flow from the weekend that a US/EU trade deal has been agreed after President Trump and EU Commission head Ursula Von der Leyen, met in Scotland on Sunday. This has seen the US 500 index rally another 0.4% to a new high of 6429 (0730 BST).
However, the week ahead could be a pivotal one for the direction of US stock indices over the remainder of the summer, and in this regard, it is perhaps surprising that market volatility measures, such as the VIX (fear Index), are back to their lowest levels since late March, indicating limited trader concern for what lies ahead. Although, things can change very quickly.
In many ways the week ahead is one that has it all, including a new round of US/China trade talks which start today, a Federal Reserve (Fed) rate decision, key tech earnings, tier 1 US data releases and on-going trade/tariff discussions. More than enough to ensure there is the potential for US 500 price action to become increasingly volatile as the week progresses.
Looking forward, Wednesday could be a very busy day, with the Fed Interest Rate Decision released at 1900 BST and quickly followed at 1930 BST by the press conference led by Chairman Powell, who has been under intense political pressure in the last 10 days. While the Fed are expected to keep rates unchanged, traders may be interested to see which policymakers were keen to vote for a cut, as well as whether Chairman Powell’s comments indicate a September rate reduction may be more likely than currently anticipated.
Then, later Wednesday evening Microsoft, Qualcomm and Meta release their earnings updates after the close, with Amazon and Apple’s results due after the market close on Thursday. These releases could be crucial for sentiment towards the US 500, with particular focus being paid to what these companies say about future revenue and tariff issues, as well as the specific performance of AI and cloud services.
This only takes us to the middle of the week, which is where the tier 1 US economic data releases take over, with the PCE Index, the Fed’s preferred gauge of inflation, due on Thursday at 1330 BST, and then the all-important Non-farm Payrolls update on the current health of the US labour market released on Friday at 1330 BST. US 500 index traders may well be sensitive to the outcome of both of these prints.
That’s still not all. Friday’s US employment update coincides with President Trump’s tariff deadline which could add to US 500 volatility into the weekend.
Wow, I did say it’s a week that has it all!
Technical Update: New All-Time Highs Posted Again
It looks as if the latest US 500 index activity is maintaining the current positive trending themes after another all-time high was posted this morning at 6429. This could skew risks towards the further development of the pattern of higher price highs and higher price lows that has materialised since the April 7th downside extreme at 4799 was seen.
However, it must be remembered, these moves do not guarantee this price activity will continue, so traders may find it useful to assess the possible support and resistance levels that could influence price activity moving forward across what is set to be a very busy week of events.
Possible Support Levels:
If any US 500 price weakness does materialise across the week ahead with the potential to develop into a more extended phase of declines, a support level that traders may consider worth monitoring could be 6289.
6289 is equal to the current level of the rising Bollinger mid-average. Closing breaks below 6289 might suggest a more extended phase of weakness is possible, opening the potential for moves back to 6234, which is the 38.2% Fibonacci retracement, possibly further if this level in turn gives way.
Possible Resistance Levels:
Having been capped by the 6429 all-time high this morning, sellers may continue to be found at this level, so this might prove to be the first potential resistance if fresh attempts at price strength develop over the coming week.
It may be helpful for traders to watch how this 6429 level is defended on a closing basis, as successful closing breaks might suggest a further extension of the uptrend pattern currently evident in price activity.
Such closing breaks higher may well suggest price strength towards 6671, which is the 38.2% Fibonacci extension level of the February 19th to April 7th sell-off.
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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.
SPX500 Awaits Fed – Key Support at 6388 in FocusSPX500 Awaits Fed Decision – Breakdown Below 6365 Could Deepen Correction
Following the registration of a new all-time high at the beginning of the week, the price has started to decline. Also, investors await the Federal Reserve's policy statement later today for guidance on the future path of monetary policy.
The price is currently positioned below the 6388 level, which is a key zone in conjunction with the support line at 6365. This area signals the potential for a new downward correction if the price stabilizes below 6365.
A sustained move below 6365, confirmed by a 1H or 4H candle close, would open the door to a sharper decline toward 6341, followed by 6319, both considered critical support zones.
As for the bullish scenario: if the price finds support and manages to rebound today, the first step toward recovery would be a breakout above 6388, which may lead to a climb toward 6415. Breaking above 6415 would pave the way to retest the resistance zone at 6427, with the potential to reach a new all-time high at 6454.
Key Levels
• Support: 6365 - 6341 - 6319.
• Resistance: 6388 - 6415 - 6427.
SPX preparing to sweep liquidity around the 6200 level.Based on my analysis, the #SPX has printed a reversal engulfing candle, which could lead to a period of consolidation. The most probable target appears to be the liquidity pool around the 6200 level.
However, this outlook becomes invalid if the daily candle closes above 6410—the current (today) session high.
As always, conduct your due diligence. Technical analysis offers a probabilistic perspective, not certainty.
SPX500 Correction Before Rally? Key Levels in FocusSPX500 Correction Before Rally? Key Levels in FocusSPX500 OVERVIEW
Fundamental Context:
The U.S. and EU have averted a tariff standoff. The agreement reduces the baseline tariff on most European imports to 15%, down from the previously threatened 30% by the Trump administration. In return, the EU has committed to investing approximately $600 billion in the U.S.
Additionally, U.S.–China trade talks are ongoing in Stockholm, with reports suggesting a possible 90-day extension to the tariff deadline.
Technical Outlook:
SPX500 maintains a bullish bias due to easing trade tensions. However, as long as the price trades below 6421, a short-term correction toward 6397 and 6388 is likely. A rebound is expected if the price stabilizes above 6388.
🔺 Bullish Continuation will be confirmed if a 1H candle closes above 6427, potentially targeting 6454 and 6470.
Key Levels
• Support: 6397 – 6388 – 6365
• Resistance: 6454 – 6470
SPX Elliot Wave Count, Wykoff DistributionBased off the HTF elliot wave count aligning and in confluence with a HTF Wykoff distribution. With the top coming in between 6600-7000ish around September 2025 till January 2026. Further confluence with trendline, fibonnacci time and fibonnaci trend and extension.
American Exceptionalism - The End of an Era "The Eagle and the Fall"
O say can you see, from the towers so high,
A gleam in the steel and a spark in the sky?
The factories roared and the railways sang,
And liberty’s bell through the cities rang.
We rose from the soil, rough-handed and proud,
With faith forged in steel and heads unbowed.
The eagle soared on ambition's flame,
Each man in his dream, each street with a name.
From sea unto sea, we built and we bought,
In ticker tape winds, prosperity caught.
The market climbed like a hymn on the air—
A temple of glass, reflecting a prayer.
But greed wore a mask and danced in disguise,
A siren’s whisper in financier’s eyes.
And credit, like wine, flowed too freely at last,
While whispers of worry were buried in glass.
October arrived like a thief in the mist,
And struck with a silence too brutal to miss.
A breath, then a cry, then a plunge in the floor—
The numbers all bleeding, the dream no more.
Yet still in the ruins, beneath ash and flame,
Burned a stubborn belief in America’s name.
For even when mountains of fortune did crash,
The stars and the stripes held fast through the ash.
O nation of daring, of promise and pain,
You rise not once, but again and again.
Through boom and through bust, your story is spun—
A land still unfinished, still chasing the sun.
SPX500USD | Bulls Lose Steam at 6,424.5 ResistanceThe S&P 500 Index showed strong bullish momentum but is now pulling back after tagging resistance at 6,424.5. Price is currently hovering near 6,374.6, where previous structure may act as support.
Support at: 6,374.6 / 6,340.0 🔽
Resistance at: 6,424.5 🔼
🔎 Bias:
🔼 Bullish: Bounce from 6,374.6 and reclaim of 6,424.5 signals continuation.
🔽 Bearish: Break below 6,374.6 exposes 6,340.0 and lower zones.
📛 Disclaimer: This is not financial advice. Trade at your own risk.