S&P 500 Breaks UptrendS&P 500 Breaks Uptrend
Only yesterday we questioned the sustainability of the stock marketโs upward trend amid alarming news from the Middle East and the evacuation of the US embassy in Iraq โ and today, the S&P 500 chart (US SPX 500 mini on FXOpen) shows a break below the lower boundary of the ascending trend channel.
According to media reports:
โ Steve Witkoff, US President Donald Trumpโs special envoy to the Middle East, was expected to meet Iranโs Foreign Minister in Oman on Sunday.
โ Friday the 13th became the date when Israel launched strikes on Iranโs nuclear facilities, dramatically altering the outlook for a potential US-Iran nuclear agreement.
โ Secretary of State Marco Rubio stated that the US was not involved in the operation, while Israelโs state broadcaster reported that Washington had been informed ahead of the strikes.
Technical Analysis of the S&P 500 Chart
Yesterday morning, we noted that the Q-line, which divides the lower half of the channel into two quarters, had shifted from acting as support to becoming resistance. This was confirmed during the US trading session (as indicated by the arrow).
Selling pressure intensified, and the psychologically important 6,000 level โ which showed signs of support earlier in June โ now appears to be acting as resistance. It is in this area that the E-Mini S&P 500 (US SPX 500 mini on FXOpen) broke below the lower boundary of its uptrend channel.
In addition to ongoing discussions about potential Fed rate cuts this summer, geopolitical risk assessments are now also in focus. It remains unclear how Washington will respond if Iran retaliates.
Meanwhile, Israelโs Defence Minister has declared a state of emergency, warning of an imminent missile and drone attack โ further fuelling fears of a possible escalation.
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.
US500AUD trade ideas
A Potentially Dangerous Pattern Takes ShapeWhile the futures market has yet to break into new all-time high territory, the previously discussed bearish micro setup has now been invalidated. In its place, weโre witnessing a complex, overlapping advanceโcreeping steadily toward the prior highs in the S&P 500 (ES).
At the micro level, I currently see no compelling bearish setup. However, this grinding upward moveโlacking strong conviction from either buyers or sellersโis not necessarily bullish. In fact, itโs a hallmark of a potentially dangerous pattern: a primary degree ending diagonal.
If my interpretation is correct, both the โorangeโ and โpurpleโ wave counts point to the same ominous conclusion. They suggest that what we're seeing could culminate in a sharp, possibly violent reversalโone that would ultimately retrace back to where this entire primary wave began. For reference, thatโs just above 4,000, marked by the conclusion of Primary Wave 4 in October 2022.
This is the moment for cautionโnot after the damage is done.
Yes, we may push into new all-time highs. But within this fragile and overlapping structure, that outcome is far from guaranteed. Even if we get there, the looming question remains:
At what cost?
S&P 500 Maintains Uptrend โ But for How Long?S&P 500 Maintains Uptrend โ But for How Long?
As the chart of the S&P 500 (US SPX 500 mini on FXOpen) shows, price movements in June continue to form an upward trend (highlighted in blue).
The bullish momentum is being supported by:
โ News of a potential trade agreement between the United States and China;
โ The latest inflation report. Data released yesterday showed that the Consumer Price Index (CPI) slowed from 0.2% to 0.1% month-on-month.
President Donald Trump described the inflation figures as โexcellentโ and said that the Federal Reserve should cut interest rates by a full percentage point. In his view, this would stimulate the economy โ and serve as another bullish driver.
However, as illustrated by the red arrow, the index pulled back yesterday from its highest level in three and a half months, falling towards the lower boundary of the channel. This decline was triggered by concerning developments in the Middle East. According to media reports, the US is preparing a partial evacuation of its embassy in Iraq, following statements by a senior Iranian official that Tehran may strike US bases in the region if nuclear talks with Washington fail.
Technical Analysis of the S&P 500 Chart
Currently, the price remains near the lower boundary of the ascending channel, reinforced by the psychologically significant 6,000-point level.
However, note that line Q โ which divides the lower half of the channel into two quarters โ has flipped from support to resistance (as indicated by black arrows). This suggests increasing bearish pressure, and there is a possibility that sellers may soon attempt to push the price below the channel support.
Be prepared for potential spikes in volatility on the E-Mini S&P 500 (US SPX 500 mini on FXOpen) chart as markets await the release of the Producer Price Index (PPI) at 15:30 GMT+3 today.
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.
SPX500 โ 4H Smart Money Concepts | Compression Breakout & LiquidThe S&P 500 has broken down from a tight ascending wedge within a premium zone, confirming a CHoCH and suggesting a shift in short-term order flow. A corrective move is now unfolding.
๐ป Bearish Short-Term Outlook:
Weak High + CHoCH within the premium zone confirms rejection.
Multiple FVGs below offer potential draw zones:
5,900
5,850
Strong liquidity pool near 5,668.57
๐ง Smart Money Roadmap:
Structure suggests a short-term liquidity hunt below recent lows.
Equilibrium zone rests near 5,650, ideal for reaccumulation/reload.
๐ Long-Term Outlook Remains Bullish:
If liquidity objectives are met and macro improves, we may see a bullish reversal back above 6,050 toward:
6,200+
Mid/long-term fib targets near 6,500
๐ Strategy Insight:
Short-term trade: Scalps into the 5,700โ5,660 zone.
Macro timing: Watch July CPI/FOMC for bullish or bearish confirmation.
Long-term positioning: Start building once price reclaims structural BOS with a displacement.
๐ฏ Smart money plays both ways โ sweep liquidity, then reprice.
#SPX500 #SMP500 #SmartMoneyConcepts #OrderFlow #LiquiditySweep #FVG #CHoCH #PremiumZone #TechnicalAnalysis #VolumeProfile #EquityMarkets #WaverVanir #TradingView
SPX500 | Bearish Below 6010 Amid Rising Geopolitical TensionsSPX500 | OVERVIEW
The index remains under bearish pressure due to escalating geopolitical tensions, particularly the ongoing conflict.
As long as these conditions persist, the market is likely to maintain a downward bias.
Technical Outlook:
As long as the price trades below the 5990โ6010 pivot zone, the bearish trend is expected to continue toward 5938.
A confirmed stability below 5938 may lead to further downside toward 5902 and 5858.
A bullish reversal is only likely if hostilities cease or negotiations begin between the conflicting parties.
Pivot Zone: 5990 โ 6010
Support Lines: 5938, 5902, 5858
Resistance Lines: 6041, 6098, 6143
previous idea:
US500 Could Rise Further After U.S - China Trade FrameworkUS500 could rise further after U.S.-China Trade Framework - Bloomberg
After two days of marathon negotiations in London, the U.S. and China agreed to a โframeworkโ for resuming a trade truce that had unraveled in recent weeks. Top economic officials from both countries are expected to present it to President Trump and Xi Jinping, Chinaโs leader, for final approval.
This news could boost the stock market today, and the US500 could rise further after the two leaders confirm this agreement.
US500 is well-positioned for another upward wave.
The price broke out of a bullish triangle pattern, suggesting further gains.
Key upside targets are 6100 and 6240.
You may find more details in the chart!
Thank you and Good Luck!
โค๏ธPS: Please support with a like or comment if you find this analysis useful for your trading dayโค๏ธ
SPX500 BUYGreeting there traders this is my analysis on
๐ S&P 500 โ Potential Elliott Wave 3 Formation | Long Setup
The current 4H chart of the S&P 500 suggests a potential bullish continuation based on Elliott Wave Theory. Here's the structured breakdown:
๐น Wave 1: Initiated after a failed breakout and sharp reversal from a previous resistance zone. This impulsive move marked a key shift in trend structure.
๐น Wave 2: A corrective phase followed, consolidating near the support area (~5,915), respecting previous demand.
๐น Current Price Action: Price has broken above the minor resistance at 6,000, indicating the potential beginning of Wave 3, which is typically the strongest and most extended wave in the sequence.
๐ Trade Setup:
Entry: Above 6,000 (confirmation of breakout and wave continuation)
Stop Loss: Below 5,915 (invalidates bullish structure if broken)
Target Zone: 6,167 โ 6,170 (aligned with prior resistance and wave projection)
๐ Additional Notes:
The breakout is supported by a clean structure and rejection from key support.
Ideal scenario would involve increasing volume and continuation with higher highs and higher lows.
๐ Bias: Bullish โ targeting Wave 3 extension.
โ ๏ธ Always manage risk accordingly and watch for signs of exhaustion or divergence.
Dear Traders like,comment let me know what do you think?
S&P 500 Short Update 2: Shifting wave degreeHi all,
As I explained in this video, the previous idea was invalidated because of an issue with "degree" of wave that a fellow watcher of my idea rightly pointed out in the comments section. I did the change on this video and explain the mistake I made in the previous idea.
In this video, I also talked about the last wave, how it can still be the peak but on the bigger picture, it is still too small compared to wave 1 and 3.
I then recommend 3 "safer" entry points:
1. One reversion trade at the top of the trendline.
2. One breakdown from the diagonal trendline.
3. One breakdown from the 4th wave support price.
Which entry point(s) you choose depends on your personal preference and opportunity. The stop will be above where you identify as the peak at your point of entry.
Good luck!
S&P500 Update: Break of Lower TrendlineIn this video, I updated the wave count for S&P500 and discussed 2 different ways of counting it but ended with a bias on a stronger wave 3 down as opposed to a wave 5 of 1 down.
The stop loss is above 6016, with 2 take profit targets:
1) 5940
2) 5923
Good luck!
S&P500 No signs of stopping here. Can hit 6900 before years end.The S&P500 index (SPX) has turned the 1W MA50 (blue trend-line) into Support, successfully testing it and holding and is now going for the All Time High Resistance test. Based on its 1W RSI structure and candle action, it resembles the previous times since 2023 that after a quick consolidation, it broke upwards again aggressively.
As you can see, both of those Bullish Legs that started on the 2023 Higher Lows trend-line, hit at least their 1.618 Fibonacci extension before a new 3-week red pull-back. In the case of 2024, even the 2.0 Fib ext got hit a little later.
As a result, we expect to see at least 6900 (Fib 1.618) before the end of 2025, with the good case scenario (Fib 2.0) going as high as 7500.
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๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ
๐ ๐ ๐ ๐ ๐ ๐
[06/09] [GEX] Weekly SPX OutlookLast weekโs outlook played out quite well โ as anticipated, SPX hit the 6000 level, closing exactly there on Friday. This was the realistic target we highlighted in last week's idea.
๐ญ SPX: The Bigger Outlook
It's difficult to say whether the rising SPX trend will continue. We're still in the "90-day agreement period" set by the administration, and so far, the market has shown resilience, avoiding deeper pullbacks like the one we saw in April.
With VIX hovering around 17โ18, weโve reached a zone where further SPX upside would require volatility. For the index to continue rising meaningfully, it needs to reverse the current bearish macro environment, and that can only happen with strong buying momentum โ not a slow grind.
The parallel downward channel drawn a few weeks ago is still technically valid. Even a short 100-point squeeze would fit within this structure before a larger move down unfolds.
GEX levels give us useful clues heading into Friday. We're currently in a net positive GEX zone across all expirations, giving bulls a structural advantage, just like last week.
As of Mondayโs premarket, SPX spot is at 6009.The Gamma Flip zone is between 5975โ5990, with a High Volume Level (HVL) at 5985.
๐ Letโs zoom in with our GEX levels โ this gives us a deeper view than our GEX Profile indicator for TradingView alone.
๐ ๐ข If SPX moves higher, the following are logical profit-taking zones:
6050 (Delta โ 33)
6075 (Delta โ 25)
6100 (Delta โ 17)
๐ฏ Targeting above 6100 currently feels irrational โ for instance, the next major gamma squeeze zone is at 6150, but that corresponds to a delta 6 level (โ94% chance the price closes below it), so I wonโt aim that high yet.
๐ป๐ด In a bearish scenario:
5975 and 5950 are the first nearby support zones (Deltas 30 and 38).
If momentum picks up, 5900 becomes reachable quickly, even if it's technically a 17-delta distance โ because thatโs deep in the negative GEX zone.
๐
Donโt forget: On Wednesday premarket, weโll get Core Inflation Rate data โ a key macro risk that could shake things up, regardless of TSLA drama fading.
๐ SPX Weekly Trading Plan Conclusion
Whatever your bias, keep cheap downside hedges in place. We've been rising for a long time, and even if SPX breaks out of the descending channel temporarily, resistance and the gamma landscape may pull price back swiftly.
S&P500 INDEX (US500): More Growth Ahead
US500 broke and closed above a neckline of an ascending triangle
pattern on a daily time frame.
It is a strong bullish pattern that indicates a strong bullish interest.
With a high probability, buyers will push at least to 6124 resistance.
โค๏ธPlease, support my work with like, thank you!โค๏ธ
Elliott Wave Perspective: S&P 500 (SPX) Set to Finish Wave 3Since reaching its low on April 7, 2025, the S&P 500 (SPX) has embarked on an impulsive rally. From that bottom, the index progressed through distinct waves, as defined by Elliott Wave theory. Wave 1 concluded at 5246.57, followed by a corrective pullback in wave 2, which found support at 4910.42. Currently, wave 3 is underway, unfolding as a strong impulse with subdivisions in a lesser degree.
From the wave 2 low, the rally continued with wave ((i)) peaking at 5481.34. A brief retracement in wave ((ii)) then followed which ended at 5101.63. The index then surged higher in wave ((iii)), reaching 5968.61. A subsequent pullback in wave ((iv)) found support at 5767.41, setting the stage for further gains. The index should push to a few more highs to complete wave ((v)) of 3. This will mark the culmination of this upward phase.
Looking ahead, once wave 3 concludes, a corrective wave 4 should follow, retracing part of the rally from the April 7, 2025 low. This correction could unfold in a 3, 7, or 11-swing pattern before the index resumes its upward trajectory. In the near term, as long as the pivot low at 5765.74 holds, the S&P 500 is poised to achieve additional highs to finalize wave ((v)) of 3. However, if this critical support at 5765.74 is breached, it would signal the end of wave 3, prompting a larger wave 4 pullback, potentially in a 3, 7, or 11-swing structure.
sp 500 trend down S&P 500 remains in a broader downtrend, driven by persistent economic uncertainties and inflationary pressures. Despite a recent correction, with the SPY rising approximately 2.5% from $551.23 on April 25 to $565.00 on May 9, this uptick may be temporary, as market sentiment and macroeconomic indicators suggest ongoing volatility and potential further declines
S&P 500 Breaks Out โ Trump, Tariffs & Bullish Island PatternDonald Trump has mentioned the US stock market in every meeting he has held in the past few days, which has caused the US stock market indices , including the S&P500 Index ( SP:SPX ), to rise:
"Better go out and buy stocks now".
President Donald Trump told a crowd in Saudi Arabia on Tuesday that the markets are just getting started. โItโs going to get a lot higher,โ he said, right as the S&P 500 posted its first gain since late February.
But one of the main reasons for the increase in the S&P 500 Index and US stocks is The United States has dropped its tariffs on Chinese goods to 30% , down from a brutal 145% , while China is slashing its own duties on US imports to just 10% , temporarily, for the next 90 days .
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Now let's take a look at the S&P 500 Index chart on the daily time frame .
S&P500 Index managed to break the Resistance zone($5,737_$5,506) and 21_SMA(Weekly) by Breakaway Gap .
In terms of Classic Technical Analysis , the S&P500 Index has managed to form a Bullish Long Island Pattern , and this pattern is one of the continuing patterns and will be a sign of the continuation of the S&P500 Index's upward trend .
In terms of Elliott Wave theory , it seems that the S&P500 index has completed the corrective wave and is in new impulsive waves , which could cause a new All-Time High(ATH) to form.
I expect the S&P500 index to increase by at least +5% as it approaches the Uptrend line , and we will see the possibility of a new ATH .
Please respect each other's ideas and express them politely if you agree or disagree.
S&P 500 Index Analyze (SPX500USD), Daily time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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button ๐๐ & Share it with your friends; thanks, and Trade safe.
S&P500 INTRADAY consolidation range Boeing Crash: An Air India Boeing 787 crashed after takeoff from Ahmedabad to London, killing all 242 on board. Itโs the worst accident involving this model. Boeing shares dropped on renewed safety concerns.
Trump Tariffs: Donald Trump plans to set new tariff rates within 1โ2 weeks before a July 9 deadline. The EU may be last to get a trade deal. Japan is cautious about any agreement.
US-UK Trade Deal: The US and UK plan to move quickly on a trade deal. The EU is expected to face delays.
Tariff Pause: The US may extend a 90-day pause on tariffs for countries negotiating seriously.
Middle East Tensions: The US is pulling embassy staff as tensions rise. Iran warned of retaliation if nuclear talks fail. Reports say the US is preparing for a possible Israeli strike on Iran. Oil prices eased.
Key Support and Resistance Levels
Resistance Level 1: 6060
Resistance Level 2: 6120
Resistance Level 3: 6172
Support Level 1: 5960
Support Level 2: 5900
Support Level 3: 5800
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.
SPX500 | Bearish Below 6010 Ahead of PPI โ Trade Talks in FocusSPX500 | OVERVIEW
US Futures Edge Lower Ahead of PPI Report
U.S. stock futures dipped on Thursday as investors await the latest PPI data, following a softer-than-expected CPI report that eased pressure on the Federal Reserve to hike rates.
On the geopolitical front, U.S. and Chinese negotiators have reached a preliminary trade agreement during talks in London. However, the deal still requires formal approval from Presidents Trump and Xi.
๐ Technical Outlook:
The index holds a bearish momentum as long as it trades below the pivot level at 6010. If price remains under this level, it may extend the decline toward 5966, and a firm close below this support could open the path to 5938 and 5902.
๐ A bullish reversal may occur if the price breaks above 6010, with confirmation on a 1H close above 6020, targeting higher resistances.
Support Levels: 5966, 5938, 5902
Resistance Levels: 6033, 6056, 6098
Recession? Weak. Let's Do a DepressionS&P pulled a fast one โ but the real show might be just warming up.
Markets tease, bounce, tempt. And then โ they punish.
After a sharp rebound, S&P500 is still below 6,150, with weak volumes. The recent rally looks more like a bear trap than a new impulse.
Trading note:
Possible short entries can be considered from current levels, with 50% now, 25% near 6,000, and 25% at 6,100. Stop-loss only after 4H close above 6,150. No clean levels below that โ only noise and traps.
This market isn't about fundamentals. It's about desperation. Participants are chasing returns in a shrinking pie, taking on absurd risks.
And now, buckle up:
We are entering what might be the most dramatic market weeks in decades. This is setting up to be a mega-short, folks. Get ready for turbulence. Fasten your seatbelts.
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Important:
This is NOT a recommendation to trade. This is an extremely high-risk scenario shared for discussion purposes only. If you've already made such a mistake and entered, respect your money and risk management. Losses are much harder to recover than gains.