SPX500 – Fibonacci Breakdown Hints Deeper Correction AheadThis 1H SPX500 setup highlights a potential bearish continuation pattern following a clear rejection from the 0.618–0.786 Fibonacci retracement zone. Here's a breakdown of the trade thesis:
🔍 Analysis Summary:
Fibonacci Cluster Rejection: Price failed to reclaim 5,921.31 (key resistance) and sharply rejected from the 0.618–0.786 retracement zone.
Bearish Market Structure: Lower highs formed near the .618 Fib, followed by a strong impulsive sell-off.
Liquidity Zone Below: The price is targeting the previous demand block near 5,796.99, a major structural liquidity zone.
Measured Targets (Fibonacci Extensions):
TP1: 1.236 @ 5,844.09
TP2: 1.618 @ 5,796.99
TP3: 2.0 @ 5,749.35
📌 Trade Setup:
Short Entry Zone: 5,915 – 5,921 (retest of resistance)
Stop Loss: Above swing high at 5,932
Take Profits:
TP1: 5,844 (partial close)
TP2: 5,796.99 (main target)
TP3: 5,749 (optional extension)
🧠 Macro Consideration:
With Fed rate uncertainty and bond market fragility, equities may be vulnerable to deeper retracement as institutions de-risk.
Volatility remains elevated heading into month-end—be flexible and risk-aware.
📊 Evidence Supporting the Hypothesis
Resistance at 0.618 Fibonacci Level:
The SPX has approached the 0.618 Fibonacci retracement level, a critical resistance point. A failure to break above this level could indicate a potential reversal or continuation of the downtrend.
Historical Significance of 0.618 Level:
Breaking below the 0.618 Fibonacci support level often signals a continuation of the downtrend, as it is a significant retracement level in technical analysis.
Stalling at Key Fibonacci Target:
The S&P 500's recent rally has stalled near a critical Fibonacci retracement level, raising questions about whether the market is entering a new uptrend or merely experiencing a bear-market bounce.
📉 Implications for Traders
Bearish Continuation: The inability of the SPX to surpass the 0.618–0.786 retracement zone suggests that the recent rally might be a temporary correction within a broader downtrend.
Potential Targets: If the bearish trend resumes, traders might look for support levels at the 1.236, 1.618, and 2.0 Fibonacci extension levels, aligning with the previously mentioned targets of 5,844.09, 5,796.99, and 5,749.35, respectively.
Risk Management: Given the current market volatility and the significance of these Fibonacci levels, traders should employ strict risk management strategies, including setting stop-loss orders above recent swing highs and monitoring for confirmation signals before entering positions.
In summary, the SPX's struggle to break through the 0.618–0.786 Fibonacci retracement levels, combined with historical patterns and recent technical analyses, supports the hypothesis of a potential bearish continuation. Traders should remain cautious and consider these technical indicators when making trading decisions.
📊 Wavervanir International LLC | Discretionary + Quant Hybrid Risk Management
US500 trade ideas
Tracking a pattern that could signal the Top is In I am tracking a micro pattern with the new local high made in the ES last night and today's price action as a micro 5-down....we should get a slight retrace into the 5960 ish area. Maybe tomorrow...maybe in the overnight session tonight.
If price can then breach todays micro low of 5884 in the ES futures...we need to then follow through with a breach of 5857 to give us our first indication, we may have struck a top.
From there I am following 2 counts...Purple, or my primary count which is a minor C of Intermediate (A).
Best to all,
Chris
S&P500 6300 is the minimum short-term Target right now.The S&P500 index (SPX) is extending Friday's rebound on the 1D MA200 (orange trend-line) following an impressive rally after the April 07 bottom. That is technically the pattern's new Bullish Leg.
This quick consolidation technically resembles all 4 short-term pull-backs (blue circles) that took place since April 2023. The minimum % rise on those before they pulled back to the 1D MA50 (blue trend-line) again was +10%.
As a result, we expect 6300 to be the minimum Target by the end of July, which of course will be an All Time High.
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S&P500: Inverse Head and Shoulders set to extend Apr-May rally.The S&P500 is bullish on its 1D technical outlook (RSI = 58.868, MACD = 85.480, ADX = 31.901) as it maintains a steady Channel Up pattern and just formed the first 1H Golden Cross in a month. Technically this is forming the Right Shoulder of an Inverse Head and Shoulders pattern, typically a bullish reversal formation, which not surprisingly was last seen in April when the Channel Up started and was completed with the previous 1H Golden Cross on April 24th. The result was a bullish extension fo rht 1.618 Fibonacci level. We're bullish on this, TP = 6,150.
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SPX500 (S&P 500 Index) – Smart Money + Fibonacci Liquidity Sweep📅 Chart Timestamp: May 31, 2025 – 4H Timeframe
📈 Current Price: 5,902.26
📊 Volume (Recent Candle): 64.95K
🧠 Technical Breakdown
🔺 Premium Zone Rejection
Price has sharply rejected the 5,995–6,050 area — a key premium supply zone aligned with the Fibonacci 1.0–1.236 extension.
This rejection occurred after a weak internal high was formed, showing signs of exhaustion and liquidity grab behavior.
📉 Market Structure
Multiple Break of Structure (BOS) and Change of Character (CHoCH) confirm a short-term bearish market structure.
Price has begun forming lower highs and is now in a distribution phase.
📏 Key Fibonacci & Smart Money Levels
0.786 Fib Retracement (5,804) → Recently tested; acted as a short-term support but broken.
Equilibrium Zone (5,443.75) → Critical price magnet. Price is projected to gravitate toward this zone as part of a liquidity sweep and reaccumulation.
Discount Zone (below 5,300) → Stronger support if equilibrium fails. Could serve as a long-term buying opportunity.
🌀 Expected Price Path (Yellow Projection)
Short-term downside continuation into 5,560–5,440.
Likely to form a double-bottom or mitigation structure at equilibrium.
Reversal potential targeting 6,200–6,300 (1.236–1.382 extension) before next macro correction.
📈 Probability Framework
Scenario Description Probability Rationale
📉 Pullback to Equilibrium Price revisits 5,443.75 75% Confluence of Smart Money FVGs + Fib levels + BOS indicates liquidity resting below
🔁 Reaccumulation at EQ Reversal from 5,440–5,500 65% Price often reacts to equilibrium in a bullish uptrend continuation
📈 Rally to 6,200+ Price takes out weak highs and extends 50% Depends on macro sentiment improving + liquidity expansion
🧨 Break below EQ into Discount Price collapses toward 5,300 30% Only if macro deterioration accelerates (Fed surprise, global contagion)
🧠 Macro Risk & Fundamental Context (as of May 31, 2025)
🏦 Federal Reserve
Market is pricing in no rate cut in June, but increased odds (65–70%) of a cut in July.
Sticky inflation + slowing job growth creates an uncertain macro narrative.
💵 Liquidity & Risk Sentiment
Bond market volatility (MOVE Index) remains elevated → signaling stress in interest rate pricing.
VIX is stable near 12–14 range → complacency risk if volatility spikes.
Global liquidity has tightened in EMs due to dollar strength, though US equities remain buoyed by AI & tech.
📉 Earnings + Breadth
Earnings season was mixed; top-heavy performance (few stocks driving index).
Weak market breadth suggests a correction is healthy or overdue.
⚠️ Risk Factors to Monitor
Surprise Fed policy pivot (hawkish).
Geopolitical escalations (Middle East, Taiwan).
Sudden rise in VIX or credit spreads.
Bearish divergence between index and market breadth indicators.
SHORT The S&P 500 Index: Not A Bear Market, Just A CorrectionWe are about to witness an inception of bearish action. A correction within a correction.
After 7-April, the Cryptocurrency market started to recover, but the main Altcoins that were growing were all memecoins, and I wondered, "Why are mainly memecoins growing?" I know that when memecoins grow the market is actually bearish on the bigger picture. I shrugged it off and went LONG.
It seems I have an explanation now, this recovery was only a partial recovery or, we are just in front of a classic retrace, a small correction. This means that regardless of how fast and strong it goes the end will result in a higher low, compared to 7-April. This means that the bullish structure will remain intact, but you can't change the fact that strength is not present on this chart.
The SPX is going down next. There two main support levels to consider, you decide which one is the one that you should take. My job is to alert you of the event before it happens, great timing and entry prices, you can take care of the rest.
Thank you for reading.
This is a friendly reminder.
Market conditions can always change.
Namaste.
Price Action and Technical Analysis says I should BUY S&P 500!!!All the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain direction and therefore enough confluence to take a trade, then this is how you will gain consistency in you trading and build confidence. Check out my trade idea!!
www.tradingview.com
SPX: tariffs weekly tweet updateThe US Administration trade tariffs continue to bring confusion among market participants, but despite this, the S&P 500 managed to end May with a gain of 6,2%. The tariff-weekly-news included the announcement of the US President on social media that China “violated” current tariffs agreement. Although there were no further explanations, Bloomberg published information from an uncited source, that the US is planning to bring tariffs to China tech sector. At the same time, there was no official confirmation from the US Administration. The European Union is considering countermeasures on the US, after the announcement of the US Administration on an increase of tariffs on steel from 25% to 50%. All these ping-pong tariffs measures from the last period are causing some investors to slowly lose temper, with comments like “If you are an investor, you want to bet on good earnings, not good tweets about tariffs”, as Jay Hatfild from Infrastructure Capital Management told to CNBC. This brings some confidence that the markets will not make stronger moves on tweets, but only to actual moves of the US Administration in the coming period. Trading during May might provide some confidence also for the future period.
In line with investors, the University of Michigan Consumer Sentiment showed some relaxation with the final May data. The indicator ended the month at the level of 52,2 a bit better from estimated 51. The most important are inflation expectations which also eased a bit from previous release, in which sense five year inflation expectations are currently at 4,2%, and below market estimate of 4,6%.
The market confusion will most certainly continue also during June, but it seems at the lower volatility levels. More attention will be turned to macro data, and company earnings. The first trading week in June is bringing US jobs data, including the Non-farm payrolls, which might bring back some volatility on US equity markets.
Top 10 Rookie Trading Mistakes (And How to Laugh at Your Own)So you’ve just discovered trading. Maybe it started with a Reddit thread. Maybe someone said “trading Nvidia NASDAQ:NVDA is like printing money.” Or maybe you just liked the name “Shiba Inu” and figured memecoins was a good investment thesis.
Either way, welcome. This is where dreams are made, lost, rebought on leverage, and then tweeted about.
The markets are ruthless, but also educational — if you’re humble enough to learn and bold enough to laugh when you inevitably light your first $100 on fire by accidentally shorting Apple NASDAQ:AAPL during a breakout.
This article is for you. The new trader. The (overconfident?) beginner. Let’s talk about the top 10 rookie trading mistakes — and how to laugh at your own before the market does it for you.
1️⃣ Mistaking Luck for Skill (aka “Call Me Baby Buffett”)
Your first trade is a win. Your second is too. Maybe it’s a meme stock . Maybe it’s a hot IPO. Either way, you’re convinced you’ve cracked the matrix.
You tell your friends: “I just have a feel for this stuff.”
What actually happened: You got lucky in a trending market. And now you're about to go full Titanic on a position you didn’t research, because hey — you're "on a roll."
What you can do insead, and probably have a laugh about it years later, is screenshot your account right now in your very early steps. Frame it. Label it: Exhibit A in Emotional Risk Management.
2️⃣ The Revenge Trade: “I’ll Win It Back”
You took a loss. A big one. Your first real slap from the market. So what do you do? Walk away? Reflect? Journal it?
Nah. You go in twice as hard on the next setup. Same ticker. Same direction. More size.
Spoiler alert: It doesn’t end well.
That type of spiraling behavior usually happens when you think the market owes you something. It doesn’t. Not even an apology.
Imagine explaining your decision to a judge. “Your Honor, I lost money shorting Tesla, so naturally I doubled down five minutes later.” Case dismissed — and that’s why revenge trading is so dangerous .
3️⃣ FOMO FOMO FOMO
A green candle pops up on your watchlist. It’s moving. Fast. You missed the breakout but you still click “buy” because you’re not missing this train.
You get in. It tops. You hold. It drops. You panic. It rebounds… just after you sell.
Classic rookie cycle.
Why does this happen? The fear of missing out turns off your brain faster than a margin call. Call it what it is — chasing. Say it out loud like it’s therapy: “Hi, this is Patrick and I like to buy things 10% too late.” Maybe it helps.
4️⃣ “I’m Married to This Trade”
It started with a spark. The chart looked good. The RSI whispered sweet nothings. You thought, “This could be the one.”
So you bought. Then bought again. And when it dipped harder than your last relationship, you said, “It’s okay, we’re just going through a rough patch.”
Before you knew it, you weren’t trading — you were in a toxic relationship with a ticker.
You’ve abandoned your edge for emotion. Confirmation bias kicks in, and instead of managing risk, you’re managing denial. You stop analyzing the chart and start defending it like it’s your firstborn.
If you’re talking about a stock (or anything else on a chart) the way your friend talks about their ex — “It just needs time, I know it’ll come back” — you’re not trading. You’re coping.
5️⃣ All In, All the Time
Risk management? Never heard of that. You found a setup that “can’t fail,” so you went 100% in. On margin. On a Friday.
What could go wrong?
Answer: Everything. Especially when your trade gaps against you on Monday morning after Trump has said tariffs are changing once again.
That’s when you know you’re mistaking conviction for strategy. They’re not the same.
6️⃣ Ignoring the Bigger Picture
You nailed the 15-minute chart. Gorgeous breakout. But somehow, you forgot to check the daily — where your “breakout” is just a lower high in a brutal downtrend.
Oops.
Think about whether you've got tunnel vision. You went along with your short-term bias instead of checking the bigger picture when things are different.
What you can do instead, is make a rule: before every trade, zoom out. Literally. Leave no timeframe unexamined (at least up to the daily frame).
7️⃣ Trading Every Day Like It’s the Super Bowl
New traders think they have to trade every day. Every single session. Every little move.
And when there’s no good setup? They make one up, trying to whip up trendlines to justify their trading.
What happens next: Boredom trades. Overtrading.
Why it happens: You're addicted to the action, not the outcome.
What can you do instead? Write down the number of trades you made last week. Multiply it by the average commission you paid. Now imagine what you could’ve bought instead. And, what could be even better, consider taking a lesson in patience .
8️⃣ Blind Faith in Indicators
The RSI is at 18. The MACD just crossed. Stochastic says “maybe.”
So you buy. No price action. No trend. Just… vibes and indicators.
Result: You become a victim of the “indicator trap” — relying so heavily on these lines you forget to read the actual chart — momentum, market sentiment, broader technicals, and fundamentals.
What’s a better approach is to treat your indicators like seasoning, not the main dish. The best trades come from confluence, not wishful thinking dressed up as technical analysis.
9️⃣ The Trading Journal You Never Wrote
If you can’t remember why you entered a trade, you’re not at your best. Here’s a pro tip:
Keep a trading journal . One that records your thesis, entry, stop, target, and outcome. You know — the boring stuff that makes you better.
Why is that important? Journaling builds discipline. Patterns. Self-awareness. It’s never too late to start your journal!
🔟 Expecting to Get Rich Quick
This is the big one. The rookie mindset that kills most portfolios: I’m gonna turn $500 into $5,000 in a month.
You won’t. Sorry.
And even if you do, you won’t keep it.
Trading rewards patience, process, and preservation. Not YOLO bets and delusions of grandeur.
Try looking at your P&L like a diet. If you expect six-pack abs in a week, you’ll burn out and crash your progress. If you focus on habits? You’ll outlive the hype.
📚 Conclusion: Every Trader Starts Stupid
Let’s be clear — all of us have made these mistakes, even the big shots out there that run billion-dollar funds. The only difference between a rookie and a pro is how fast you learn from them. Or better yet — how fast you can laugh at them, document them, and evolve.
Because the truth is, the market is the most expensive comedy club on Earth. And every trade is a new punchline.
So if you're new, mess up. Take notes. Stay humble. And above all — enjoy the chaos. One day you’ll look back at your Doge CRYPTOCAP:DOGE top-buy with fondness.
After all, it’s only a mistake if you didn’t learn. Otherwise, it’s just tuition paid for by your trading account.
What’s a mistake we didn’t mention? Share your tips, tricks, mistakes, and lessons in the comment section!
S&P 500 USD 4 HR./ CORRECTIVE WAVE B NORTH IS LIKELY OVER!1). Price is very likely heading towards the fair Market value @ 5300. 2). Risk Assets are Weak today on US$ strength! 3). BANKS ARE SELLING! 4). Volume is dropping. 5). Trendline is intersecting with target fib. level 50% TOWARDS 5300! 6). Corrective wave C is likely dropping to complete wave 4. 7). At the bottom of wave 4 we will look for a long (Buy) position!
S&P 500 at Key Inflection Zone: Golden Pocket vs. Breakdown RiskPrice is hovering around the 0.618 Fib retracement and the 200-day MA — Bulls' eye 6.5% to ATH, Bears target a -16% drop.
Critical decision point ahead.
If reclaimed, a breakout above 6,151.74 would initiate a new bullish leg.
S&P 500 (SPX) multi-decade chart (2-week time frame), the chart overlays key historical highs, major corrections, and media sentiment headlines—all critical for a macro-technical assessment. Below is an expert-level breakdown integrating price action, moving averages, sentiment analysis, and cyclical behavior.
📊 Macro Technical Assessment of the S&P 500 (SPX)
🟢 Trend Analysis (1973–2025)
The chart illustrates a long-term secular uptrend, anchored by consistent support above the 200-period moving average (blue line) and a decades-long upward-sloping trendline (green).
Despite several deep corrections (marked in red boxes), the trend has always reverted to and eventually bounced above the 200 MA—a key signal of structural strength.
The current price is well above the MA200 but appears extended, similar to other historical peaks (e.g., 2000, 2007, and 2021–2022).
🔻 Historical Bear Market Corrections (Measured from Highs):
Year Peak-to-Trough Decline Event
1973–74 -51.9% Oil embargo, stagflation
1987 -37% Black Monday
2000–2002 -49% Dot-com bubble burst
2007–2009 -57% Global Financial Crisis
2020 -35% COVID crash
2022 -27% Fed tightening, inflation spike
2025 (so far) -21% Ongoing correction from all-time high
Each correction marked a reversion to or below the MA200, before initiating a fresh long-term leg up.
🧠 Psychological Sentiment Integration (Text Boxes & Headlines)
📰 Headlines & Crowd Sentiment Patterns
2000-2002: Dot-com euphoria followed by collapse—media and public overconfidence.
2007–2008: Financial crisis—major media disbelief in downside risk until it materialized.
2020–2022: Post-COVID rally labeled as “most hated in history” – a contrarian bullish signal.
2025: Present headlines again show skepticism despite all-time highs – echoing 2020 sentiment.
📌 Insight: The presence of bearish headlines at highs often indicates a disbelief rally, which historically results in short-term corrections but long-term gains if fundamentals catch up.
🔄 Current Price Context (2025)
Current Pullback: -21% from the recent ATH.
Support levels to watch:
MA200 (approx. 4,100–4,300 zone) – historically strong buy zone.
Trendline support dating back to the 1980s (~4,600).
The market is mid-correction, with a structure resembling 2000 or 2022, but not yet as deep.
📉 Bear Market Probability in 2025?
The current pullback is less severe than historical bear markets.
The media pessimism and overextension from MA200 could still trigger deeper corrections.
However, until the trendline and MA200 are broken decisively, this remains a correction in a bull market.
🔎 Key Takeaways
✅ Bullish Long-Term Signals:
Decades of higher highs/lows.
Strong respect for MA200 as dynamic support.
Recurring recoveries after panic-driven declines.
⚠️ Bearish Short-to-Mid-Term Risks:
Extended rally with rising skepticism (echoes of 2000/2007).
21% pullback already in place, which could deepen.
Failure to hold 4,600–4,300 range may open the door to full bear market correction (30–40%).
🧭 Strategic Outlook
Timeframe Bias Reason
Short-term (1–3 months) ⚠️ Neutral-to-bearish Ongoing correction phase, sentiment
bearish, overextension unwinding
Mid-term (6–12 months) 🟡 Cautiously bullish If trendline + MA200 hold, dip-buying
opportunity like 2011, 2020
Long-term (1–3 years) ✅ Bullish Structural uptrend intact, secular bull
likely to resume
here's a technical assessment of the S&P 500 (SPX) Daily Chart based solely on the image and technical levels shown:
🎯 Chart Summary:
Instrument: S&P 500 Index (SPX)
Timeframe: Daily (1D)
Key Levels: Fibonacci retracements, 200-day MA, support/resistance zones
Price Context: Currently in a pullback phase after attempting to reclaim the 2025 high (~6,151.74)
🔍 Technical Analysis Breakdown
📏 Fibonacci Retracement Zones:
The Fibonacci retracement is drawn from the recent swing low (~4,837.88) to the 2025 high (~6,151.74), measuring the key pullback levels.
Level Price Interpretation
0.236 ~5,120.12 Minor retracement – early warning
0.382 ~5,302.91 Medium support; possible bounce zone
0.5 ~5,455.40 Key support – equilibrium zone
0.618 ~5,612.28 Golden pocket – strong institutional interest
1.0 ~6,151.74 All-Time High (ATH) resistance
The price recently hit resistance near ATH and is pulling back toward the 50%-61.8% retracement zone, which is technically the "golden zone" for potential bullish reversal.
📉 Moving Average – 200-Day MA:
The blue line on the chart indicates the 200-day moving average (~5,612).
Price is sitting right on this MA, and this is crucial. The 200MA is one of the most respected institutional indicators—a breakdown below it could accelerate selling.
If price holds above this level, we may see renewed bullish momentum.
⚖️ Risk/Reward Profile
Upside potential: +6.5% toward ATH (~6,151)
Downside risk: -16% toward retracement lows (~5,120 and lower)
This sets up a skewed risk profile: unless strong buying steps in soon, the downside is significantly larger than the remaining upside.
🧭 Market Sentiment and Probability Scenarios
✅ Bullish Scenario (6.5% Upside):
Holding the 200MA + 0.618 Fib (~5,612) confirms this level as dynamic support.
This could attract dip buyers and institutional re-entry, pushing toward the ATH.
If reclaimed, a breakout above 6,151.74 would initiate a new bullish leg.
🚨 Bearish Scenario (-16% Downside):
If price loses the 200MA and falls through Fib 0.5 and 0.382, then a move toward 5,120 or even sub-5,000 becomes likely.
Break of structure = short-term trend change. A bearish engulfing candle or momentum rejection will confirm this shift.
🧠 Expert Insight:
This setup represents a technical inflection point. The confluence of:
Fibonacci golden zone (0.5–0.618),
200-day MA support,
and recent ATH rejection
...makes this a critical decision zone for the S&P 500.
Traders should watch volume, macro catalysts, and market breadth indicators closely over the next few sessions. If buyers step in here with conviction, a short-term rally is plausible. However, a clean break below these technical levels could open the door for a multi-week correction.
[05/27] Weekly GEX Outlook for SPX⚠️ Unbalanced GEX & Institutional Hedging – A Closer Look
I haven’t seen such an asymmetric GEX setup in quite a while — and it’s definitely not a pretty one 😬. The current profile suggests a highly skewed positioning in the market:
📍 Massive upside expectation:
It feels like the market is almost exclusively preparing for a move toward 6000.
🛑 Limited downside protection:
Below the current level, there's very little hedging in place — especially unusual with Friday’s expiry approaching.
🔻 Current Key Zone: 5925-5930
The largest put open interest is sitting right around 5925, which is also close to spot.
Below that? Things get murky. The GEX profile becomes fragmented and mixed, with no clear put support until much lower.
Interestingly, most of the current downside hedging is clustered around the 5900–5925 range, which includes ITM puts — not OTM, as you’d typically expect from retail.
🧠 Institutional Footprint vs. Retail
This hedging pattern — closer to ATM rather than deep OTM — suggests institutional players are managing downside risk with precision.
In contrast, retail traders don’t seem to be actively hedging the downside with OTM puts, which is a notable shift from typical behavior in high-IV weeks like this.
🔼 What to Watch: The 5930 Breakout
If SPX can break and hold above 5930, it enters a clear, call-dominated zone.
From there, the path to 6000 looks much cleaner, with lighter resistance and the potential for a gamma-driven push 📈.
The details show the same picture when examining more details:
SPX conclusion
😬 In short: we’re at a tipping point.
Below 5900, hedging is tactical and institutional.
Above 5900, the path is open to 6000 — but only if bulls can take control at 5930!
US500 Long TermBased on the technicals I'd be expecting US500 and other indices (US30, NAS100) to turn bearish again, at least for a short while. US500 has a key level of liquidity at 5577 which has to be swept before any major bulls return. Once that level is taken out, it depends on how the fundamental will develop and we can either expect the bears to continue the sell off or we may see the top 3 indices reach new ATHs.
S&P500 finishing re-accumulation and sets eyes on 6230.The S&P500 / SPX has turned sideways after an impressive recovery from April's lows.
The 1day MA50 provides the same kind of support as it did after the October 2023 rebound.
The RSI pattern on both sequences is also similar and it suggests that the price is at the point where it breaks upwards to the Rising Resistance.
Target 6230.
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S&P 500 4 HR. WAVE C IS LIKELY OVER ON CORRECTION!1). Price is very likely heading towards the fair Market value @ 5870. 2). Risk Assets are weak today on US$ strength! 3). BANKS ARE SELLING! 4). Volume is dropping. 5). Trendline intersecting with target fib. level. 5). ONCE COMPLETED PRICE WILL PROGRESS NORTH ON WAVE 5 VERY LIKELY
SPX - June ProjectionsMay showed price heading back up to the high. This is four months now from the previous top. Generally for a major top to exhibit itself, it might take only three months to test. Four months is also not uncommon so it is possible that today's close will be last positive monthly close in a while.
I expect that the price will continue to rise, probably above the 6010 level of the last monthly closing high. If price surpasses the previous monthly close high, I will be watching for a turnaround, with prices eventually closing out June to the downside.
To me, based on the 40-month moving average. I have noticed that usually waves 2 and 4 have strong support at the 40 month moving average, where more major corrections will see price go below it. As price just came down to that level and didn't break it, we are in or have finished a wave 4. I'm still looking for lower prices assuming that this wave 4 to be a Flat with more sideways action ahead.
Currently short SP
SPX week & month review 5/30/25Intrigued by today as we closed the month and week. The charts appear bullish until something changes that. Key points I noticed...
*Monthly morning star pattern
*RSI above 50 on month and week chart
*MACD over zero line and signal up on month and week chart
*Key levels holding up (21 ema, FVGs)
We are still in volatile times and narratives are being thrown all over the place. Do you see what I see? Enjoy your weekend.