S&P | 30min Double Top | GTradingMethodHello Traders 👋
🧐 Market Overview:
The S&P has been pushing into new highs, but a potential double top is forming right at diagonal resistance. This is a key level for me — the confluence of structure and resistance makes this an area worth watching closely.
If the double top holds, price might first deviate through my entry range and then retest the diagonal resistance. For me to take a short, I’ll be looking for a 30-minute candle close back within the range as confirmation.
📊 Trade Plan:
RR: 3.5
Entry:6 537.4
Stop Loss: 6 543.8
Take Profit 1 (50%): 6 515
Take Profit 2 (50%): 6 511
💡 GTradingMethod Tip:
When trading double tops, I always wait for confirmation (like a close back within range). It reduces false entries and adds probability to the trade.
🙏 Thanks for checking out my post!
Follow me for more setups and let me know — do you think this double top will hold, or will the S&P push through resistance to fresh highs?
📌 Disclaimer:
This is not financial advice. This content is to track my trading journey and for educational purposes only.
SPX (S&P 500 Index)
Nvidia (NVDA) 2025+ Catalysts Updated: Analyst Views September🚀 Nvidia (NVDA) 2025+ Catalysts & Risks: Analyst Views — Updated September 2025
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📝 Summary Outlook (September 2025)
Nvidia remains at the center of the global AI boom, with dominant GPU share, a strengthening networking/software moat, and multi-year sovereign and enterprise buildouts driving demand. Q2 FY26 confirmed strong momentum, while Q3 guidance points to continued growth. The main risks lie in tariff policy, China licensing, supply chain tightness, and valuation sensitivity. Street consensus remains bullish, with targets in the $207–$211 range and a Strong Buy bias.
🔑 Key Catalysts Driving Nvidia’s Stock Growth (2025+)
1. 🏆 AI Chip Dominance — Score: 10/10
Nvidia still commands ~90%+ of data-center AI accelerators, with CUDA/NVLink lock-in keeping switching costs high.
2. 🏗️ Surging Data Center Demand — Score: 10/10
Hyperscalers remain in an AI “build” cycle. 2025 data-center CapEx is approaching ~$300B, with Nvidia reporting record $41.1B Data Center revenue in its latest quarter.
3. 🌐 Enterprise & “AI Everywhere” Adoption — Score: 8.7/10
Companies across industries are rolling out AI assistants, copilots, and retrieval-augmented applications; Nvidia benefits via GB200 NVL72 racks and RTX-based inference at the edge.
4. 🤝 Strategic/Channel Partnerships — Score: 8.9/10
Cisco is integrating Spectrum-X into networking solutions, while HPE has expanded its Nvidia “AI factory” offerings—broadening reach into enterprise and hybrid AI buildouts.
5. 🚗 Automotive & Robotics — Score: 8.4/10
Auto revenue grew ~70% Y/Y; DRIVE Thor shipments have begun, and Nvidia’s Jetson/AGX Thor and robotics platforms are expanding into industrial automation.
6. 🧑💻 Software & Subscriptions — Score: 8.6/10
Nvidia’s AI Enterprise, DGX Cloud, CUDA-Q, and TensorRT deepen recurring, high-margin revenue and increase developer lock-in.
7. 🌎 Omniverse, Digital Twins & Industrial AI — Score: 8.2/10
Ansys, Siemens, and other industrial software vendors are embedding Omniverse into simulation suites, accelerating adoption of “digital twins” and simulation AI workflows.
8. 🛜 Networking & Photonics — Score: 8.8/10
Spectrum-X Photonics enables co-packaged optics for exascale “AI factories,” improving bandwidth and efficiency while giving Nvidia more end-to-end control.
9. 🧪 Relentless Roadmap (Blackwell → Rubin) — Score: 9.0/10
Blackwell Ultra is ramping into 2025, with the Rubin architecture slated for 2026—sustaining Nvidia’s upgrade cycles.
10. 🌍 Sovereign & Global AI Buildouts — Score: 8.5/10
Europe, the Middle East, and India are launching sovereign AI projects. Saudi-backed Humain alone has committed to tens of thousands of Blackwell chips for 2026 buildouts.
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📈 Latest Analyst Recommendations (September 2025)
• Street Stance: Strong Buy/Overweight remains dominant. ~85% of analysts rate NVDA a Buy; avg 12-mo PT ~$207–$211.
• Recent Calls: Multiple firms reiterated Overweight/Buy, with price targets up to $230.
• Common Bull Case: Nvidia’s accelerator lead, software moat, sovereign/enterprise AI pipeline, and expanding networking portfolio.
• Common Cautions: Premium valuation, competition from custom silicon, and export/tariff risk.
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🗞️ Latest Events & News (Aug–Sep 2025)
• Q2 FY26 results (reported Aug 27, 2025): Revenue $46.7B (+56% Y/Y); Data Center $41.1B; Blackwell shipments +17% Q/Q; buyback program boosted by $60B.
• Q3 FY26 guidance: ~$54B (±2%) revenue.
• Networking push: Spectrum-X Photonics unveiled; Cisco partnership expanding enterprise deployments.
• Omniverse OEM deal: Ansys to embed Omniverse tech within its simulation platforms.
• Sovereign AI momentum: Saudi Humain centers to deploy 18k+ Blackwell chips starting 2026; UAE and India also ramping large-scale AI initiatives.
• Ecosystem investing: Nvidia continues selective investments in AI startups, strengthening CUDA adoption.
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🇺🇸🇨🇳 US–China Tariffs & Export Controls — September 2025 Update
• Tariff truce extended (Aug 2025): Current tariffs remain at ~30% U.S. on Chinese imports and ~10% reciprocal from China. Next decision point: Nov 10, 2025.
• Supreme Court review: The Court will hear a case challenging U.S. executive authority on tariffs this fall.
• China export licensing: U.S. has begun granting licenses for Nvidia’s H20 China-compliant GPUs. Advanced Blackwell exports remain restricted without further approvals.
Impact on Nvidia: Truce reduces near-term disruption, but future tariff or licensing changes remain key risks. China sales are limited to compliant GPUs with lower margins.
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⚠️ Key Negative Drivers & Risks (Updated)
1. 🇨🇳 US–China Tech Policy
Tariff truce is temporary; licensing decisions and court rulings keep China exposure uncertain.
2. 🏛️ Regulatory/Legislative Overhang
Proposals like the GAIN AI Act could impose stricter controls on exports and prioritize domestic deployments.
3. 🏭 Supply Chain Bottlenecks
Advanced packaging and HBM memory remain tight despite expansions—potential bottlenecks for shipments.
4. 🧮 Competitive Threats & Custom Silicon
AMD, Intel, and hyperscaler-designed accelerators continue to advance, potentially eroding Nvidia’s hyperscale share.
5. 🏷️ Valuation & Expectations
Nvidia trades at high multiples; any slowdown or guidance miss could trigger volatility.
6. 💵 Customer Concentration
Top cloud giants still account for a large share of revenue; CapEx pauses or custom chip adoption would materially impact results.
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BTC - Biggest Bull crypto fake-out ever?Hello Traders,
While many are thinking the party is just about to resume I have found clear bear divergence on BTC and other crypto plus much other TA supporting the move will be down and real soon. Also I believe the move will be down in stocks. Bad inflation data will be the cause starting this morning and accelerating with tomorrow’s follow up. Let’s see how this ages.
ES1! — Analyses (Sep 10) - Key Zones SeyupsHTF remains bullish into a labeled weak‑high cluster. Tomorrow’s path likely pivots around 6523–6527 (ONH/PDH cluster). Two A++ plays only after event‑led volatility prints structure:
Two possibilities:
Continuation LONG on acceptance > 6537 → 6564/6583.
Fade SHORT on sweep into 6542–6548 + 5m and 15m bearish confirmation → 6526/6510/6502.
SMT check with NQ is required.
Continuation LONG (A++) — “Acceptance > 6537”
Sweep → 5m MSS up → 5m close above 6537 → retest 6531–6533 (derived 5m OB/FVG at prior close shelf) for entry.
Entry: 6532 ±1.
SL: 6524 (structure; back inside PDH/ONH cluster).
• TP1: 6564.25 (1H 1.272) → ~+32.3 pts ≈ 4.0R.
• TP2: 6583.50 (1H 1.618) → ~+51.5 pts ≈ 6.4R.
• TP3: 6668+ (4H fib region) — runner; trail by 15m/30m closes.
Management: Scale ½ at TP1; move to BE only after a 5m close through TP1 or new structure; time‑stop 45–60 min if no progress in a kill zone.
Fade SHORT (A++) — “Sweep 6542–6548”
This is counter‑HTF; require 5m MSS down + 15m bearish close before entry (your rule).
Entry: 6545 ±2 after confirmations.
SL: 6552 (above sweep high/5m OB).
• TP1: 6526.25 (PDH/ONH) → ~19 pts ≈ 2.7R.
• TP2: 6510 (derived 15m demand near VWAP band) → ~35 pts ≈ 5.0R.
• TP3: 6502 (ONL=VAL) → ~43 pts ≈ 6.1R.
• TP4: 6489.25 (PDL) → ~56 pts ≈ 8.0R.
Management: Scale ½ at TP1; move to BE only after a 5m close < 6526 and fresh LTF structure; trail above last 5m swing/VWAP.
Fundamentals (tomorrow — Eastern Time)
• 08:30 — PPI (Aug). BLS schedule confirms Sep 10 @ 08:30.
• 10:30 — EIA Weekly Petroleum Status (energy vol shock risk). Standard release Wednesdays 10:30; PDF posts after 1:00 pm.
• 13:00 — UST 10‑yr (reopening). Treasury’s tentative auction schedule shows Wed Sep 10; competitive close customarily 1:00 pm ET.
• Heads‑up (Thu): 08:30 — CPI (Aug) next day.
• FOMC next week: Sep 16–17.
LTBR Lightbridge-Any Day Now LTBR is on the cusp of a violent move, strongly favored to the upside. Timingwise, This should break within days. Should it break soon, the potential for a very violent move is on the table assuming new highs will be reached, by the FOMC meeting. This would likely coincide with a intermediate market top on the FOMC meeting SEPT17
Amazon making it's way to next support $280Amazon seems to be overlooked at the moment, but it should start making bigger moves as it approaches $280 resistance (next support).
I see a lot of things that lead me to believe next year will have a big pullback in tech. Until then AMZN looks to have really good risk reward as it's still so close to it's long term trend line with revenue growth steadily increasing.
Good luck!
S&P500 Rising Wedge break-out imminent.Last week's (September 02, see chart below) buy signal on the S&P500 index (SPX) hit our 6530 Target, as the price reversed on its 4H MA200, which as we mentioned was the market's medium-term Support:
Right now the index is supported by its 4H MA50 (blue trend-line) and is attempting to break above the top (Higher Highs trend-line) of a Rising Wedge similar to the one at the start of the 4-month Channel Up.
As you can see the symmetry between the two patterns is very high and the June break-out led to a +5.70% rise on the 2.5 Fibonacci extension before the next consolidation. A potential +5.70% rise from he recent 4H MA50 Low would now be at 6720 and that is our short-term Target.
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ES (S&P500) - Analyses - Breakout or Breakdown Plan (Sep 9)S&P 500 E-mini (ES) keeps ranging inside 6,490–6,505, with repeated taps of 6,516 above and 6,490–6,496 below. Tomorrow I’m stalking a box resolution during the AM session, then a second chance in the PM window.
Key Zones
Resistance: 6,505–6,516 (NYPM/NYAM lid). Above it: 6,541.25 (PDH) → 6,547.75 (IBH).
Support: 6,495–6,490 (NYAM/NYPM floor). Below it: 6,481.0 → 6,471.5 (hard pools).
Range to watch: 6,490–6,505 (decision box).
Game Plan (structure-first)
LONG (breakout-acceptance)
1. 5-minute displacement close > 6,505–6,516.
2. Retest 6,501–6,503 (OB/FVG/OTE) and hold.
3. Entry on confirm; Targets: TP1 6,541.25, TP2 6,547.75, TP3 6,555+.
4. Invalidation: any 5-minute body back ≤ 6,500 after breakout.
SHORT (breakdown-acceptance)
1. 5-minute displacement close < ~6,496.
2. Retest 6,498–6,500 (failed reclaim) and roll.
3. Entry on confirm; Targets: TP1 6,481.0, TP2 6,471.5, TP3 6,464–6,465.
4. Invalidation: any 5-minute body ≥ 6,500 after fill.
Timing windows
Primary: 09:30–11:30 ET and 13:30–15:30 ET (trade management only in between).
We are currently consolidating below 6,516, with a clear liquidity ladder leading to PDH 6,541.25 if the movement is accepted. If it fails, we have stacked support levels around 6,481 and 6,471 that typically attract price action once 6,496 breaks down.
Please confirm with ES and NQ: we want both indices to move in sync (no bearish signs of market tension on longs, and no bullish signs of market tension on shorts).
What could affect ES tomorrow?
NFIB Small Business Optimism (Aug): 6:00 AM ET.
API crude inventories (for CL correlation): Tuesday around 4:30 PM ET.
(For Wednesday's context: EIA petroleum report at 10:30 AM ET.)
Day 25 — Trading Only S&P Futures | Gold’s Rally Raises FlagsWelcome to Day 25 of Trading Only S&P Futures!
Today started strong with an overnight short and continued by taking longs at major support levels. With the FOMC blackout period in effect, I leaned bullish but stayed selective, waiting for the 5-min MOB to hit before entering. That trade paid off and I wrapped the day at +264.83.
Still, there’s a cautionary note: gold just hit a record high above $3,633/oz, and that could be signaling underlying stress in the markets. Something to keep an eye on as we move forward.
🔑 Key Levels for Tomorrow
Above 6480 = Remain Bullish
Below 6465 = Flip Bearish
📰 News Highlights
SPOT GOLD EXTENDS GAINS, LAST UP 1.3% TO HIT A RECORD HIGH OF $3,633.65/OZ
S&P500 | 100 year bullish channel | GTradingMethodHello Traders - Happy Monday!
I thought this was a very interesting perspective on S&P500.
What they don’t want you to see... 👀
The S&P has been moving inside a bullish channel for nearly 100 years (since 1925).
Right now, price is breaking out of that channel but is it fakeout?
If it’s a fakeout, the implications are huge: we could be looking at a 70% drop back to the bottom of the channel.
⚠️ Chart is on the monthly timeframe with a logarithmic scale.
What do you think — breakout or fakeout? Very keen to hear all your thoughts
#TradingLife
SPX500 Awaits Breakout – Key Levels 6,506 & 6,486SPX500 – Overview
The S&P 500 is holding above the 6,490 pivot, with short-term momentum favoring a retest of 6,506.
Technical Outlook:
📈 Bullish scenario: While above 6,490, price is expected to test 6,506. A confirmed breakout above this level would extend upside toward 6,527 → 6,550.
📉 Bearish scenario: A confirmed 1H close below 6,486 would open the way to 6,469, with further downside toward 6,425 if that level breaks.
Key Levels:
Pivot: 6,490
Resistance: 6,506 – 6,527 – 6,550
Support: 6,469 – 6,453 – 6,425
SPX: NVIDIA surging bets on Fed cutThe previous week on the US stock markets was marked with surprisingly low Non-farm payrolls data in August. Namely, only 22K new jobs were added to the US economy, while the market was expecting to see at least 75K. At the same time, unemployment rose to 4,3% in August from 4,2% posted for the previous month. These figures were a game changer when market sentiment is in question, so Friday was a quite volatile day. Namely, during the one day, the positive market sentiment pushed the S&P 500 to the historically highest level at 6.530, but the disappointing jobs data, reverted the optimism, so the index closed the week at 6.481. The slowing jobs market increased expectations that the Fed now has solid grounds to cut interest rates by 25 basis points at their September meeting.
The company Kraft Heinz was in the center of news during the previous week, after the announcement that the company will split into two, in a strategic move aimed at unlocking brand value. The split should finalize in the second half of 2026. Shares of the company rose by 1% on the news, however, it should be considered that the stocks lost around 21% over the past year. Another company that was discussed was Robinhood Markets, which will join the S&P 500 index before trading on September 22nd, in a milestone indicating growing mainstream acceptance of the fintech giant. The stocks of the company surged around 7,3% following the announcement.
Some higher volatility might be expected also in the coming period on the US stock markets. There are still both positive and negative drivers which are shaping market sentiment. In the week ahead the US August inflation data will be posted, which might bring some higher volatility in case that the figures are not in line with market expectations. For the moment, the easing jobs market in the US is providing a strong case for the rate cut in September.
Economic Tipping Point...GFC 2.0? In this video we discuss;
Bond Market Signal using the 2 year yield.
Is the 2 year yield giving us a 2007 / 2008 signal?
We look at the correlation of the 2 year yield vs SPX
We analyze the forward expectation of interest rate projections.
Observe and dissect last weeks economic employment data.
There will be plenty of opportunities in this next phase of the market cycle.
I will be looking very forward to the plethora of trade alerts I will be issuing.
BRIEFING Week #36 : Oil Prices Diverge from RealityHere's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
S&P 500 At Critical Juncture - 6,500 Breakout or Major RejectionUS500 Technical Analysis: 🎯 At Critical Juncture - 6,500 Breakout or Major Rejection? ⚖️
Asset: US500 (S&P 500 CFD)
Analysis Date: September 5, 2025
Current Closing Price: 6,480.0 (as of 12:59 AM UTC+4)
Timeframes Analyzed: 1H, 4H, D, W
Executive Summary & Market Outlook 🧐
The US500 is knocking on the door of a historic milestone, trading within striking distance of the 6,500 level. 🚪 This represents a massive psychological and technical barrier. The index is in a strong bullish trend but is displaying classic signs of short-term exhaustion and overextension. The price action here is critical: a decisive breakout could unleash a new wave of buying towards 6,600+, while a rejection could trigger the most significant pullback in weeks. This analysis provides a clear roadmap for intraday traders 🎯 and swing traders 📈 navigating this pivotal moment.
Multi-Timeframe Technical Analysis 🔍
1. Trend Analysis (Daily & 4-Hour Chart):
Primary Trend: 🟢 Bullish. Price is well above all major Daily Moving Averages, which are sloping upwards in bullish alignment.
Short-Term Trend: 🟡 Bullish but Fragile. The rally has been relentless, leaving the price extended and vulnerable to a sharp, news-driven correction.
2. Key Chart Patterns & Theories:
Ascending Wedge / Bull Flag? 🤔: The recent consolidation near the highs could be interpreted as a small bull flag (pausing before breakout) or the end of an ascending wedge (bearish reversal). The next major candle will likely resolve this.
Elliott Wave Theory 🌊: The rally from the last major low is a clear five-wave impulse. We are likely in the final stages of Wave 5. This suggests the completion of a cycle and warns that a larger corrective phase (Wave 4 or A-B-C) is the next probable move. A typical retracement target is the 38.2% Fibonacci level of the entire Wave 3 move.
Ichimoku Cloud (H4/D1) ☁️: Price is trading far above the Cloud on daily charts, confirming the strong bullish trend. However, this also signals a significant over-extension from mean support, increasing mean reversion risk.
Gann Theory ⏳: The 6,500 level is a key psychological and mathematical resistance. A decisive break and close above it could open the path to the next Gann angle target.
3. Critical Support & Resistance Levels:
Resistance (R1): 6,500 - 6,520 (Key Psychological & Technical Ceiling) 🚨
Resistance (R2): 6,600 (Projected Target)
Current Closing Price: ~6,480
Support (S1): 6,400 - 6,420 (Immediate Support & Prior Breakout Zone) ✅
Support (S2) : 6,300 - 6,320 (Major Support - 38.2% Fib & 21-day EMA) 🛡️
Support (S3): 6,200 (50-day EMA & 50% Fib Retracement)
4. Indicator Consensus:
RSI (14-period on 4H/D): Reading is between 68 and 72, signaling overbought conditions. 📛 This warns of weakening momentum and increased downside vulnerability. A bearish divergence on the 4H chart would be a strong short-term sell signal.
Bollinger Bands (4H) 📏: Price is hugging the upper band, a sign of strong momentum. A move back to the middle band (~6,400) would be a healthy and expected development.
Moving Averages: The bullish alignment (EMA8 > EMA21 > EMA50) is perfect. The EMA 21 on the 4H chart acts as dynamic support and is a key level for the bullish thesis.
Volume & VWAP : Volume has been inconsistent on the most recent push higher, a potential bearish divergence 📉 suggesting a lack of strong conviction from large players at these exact levels.
Trading Strategy & Forecast 🎯
A. Intraday Trading Strategy (5M - 1H Charts):
Bearish Scenario (Rejection Play) ⬇️: Given overbought conditions, this is a high-probability setup. Watch for bearish reversal candlestick patterns (e.g., Bearish Engulfing, Evening Star 🌟, Doji) at or near the 6,500 resistance.
Entry: On confirmation of rejection (e.g., a break below a 1H support low).
Stop Loss : Tight, above 6,520.
Target: 6,420 (TP1), 6,400 (TP2).
Bullish Scenario (Breakout Play) ⬆️: If buyers break through with force, wait for a pullback to the breakout level for a better entry.
Entry: On a re-test of 6,500 as new support.
Stop Loss: Below 6,480.
Target: 6,550 (TP1), 6,600 (TP2).
B. Swing Trading Strategy (4H - D Charts):
Strategy: PATIENCE IS KEY. The risk/reward for new long entries at this resistance is poor. 🚫
Ideal Long Zones: A pullback to 6,320 would be an optimal entry to add long positions for the next leg up in the primary bull trend. A shallower pullback to 6,400 could also offer an opportunity. ✅
Bearish Risk: A daily close below 6,300 would signal a deeper correction is underway, potentially targeting the 6,200 support zone.
Risk Management & Conclusion ⚠️
Key Risk Events: High-impact US data (CPI, PPI, NFP) and Fed commentary are paramount. 🔥 The market is highly sensitive to any hint of a shift in monetary policy.
Geopolitical events can also trigger flight-to-safety flows.
Position Sizing: Due to the potential for explosive volatility at this key level, conservative position sizing is non-negotiable. Risk no more than 1% of capital per trade.
Conclusion: The US500 is at a critical inflection point. ⚖️ The bullish trend is intact, but price is exhausted. This is a low-risk-taking zone. Swing traders should be patient for a better entry. Intraday traders can play the range between 6,400 and 6,500 until a decisive break occurs. The most probable outcome is a pullback to recharge before the next major directional move. 📊
Overall Bias: 🟢 Bullish above 6,320 | 🟡 Neutral/Bearish between 6,480-6,500
SPX at verge of breaking down?SP:SPX is treading dangerously in a bearish wedge formation with multiple bearish divergences in RSI.
A breakdown from here could send it around 6200 zone. And that might just be beginning of the fall everyone is waiting for, on account of excessive debt and inflation situation.
SPX500 | Indexes Rise Ahead of JOLTS Data – Key Pivot 6,438S&P 500 & Nasdaq Futures – Update
Futures tied to the S&P 500 and Nasdaq rebounded on Wednesday, led by gains in Alphabet after its antitrust ruling. Dow futures edged slightly lower as traders await fresh labor market data. The focus today is the JOLTS report (10 a.m. ET), the first of several key releases this week, with nonfarm payrolls on Friday being the most important.
Technical Outlook (SPX500):
🔼 Price reversed from the 6,366 support mentioned in yesterday’s update and has now stabilized above the pivot line at 6,438.
As long as price holds above 6,438, upside momentum is expected toward 6,469 → 6,489, with extended resistance at 6,528.
🔻 On the downside, a confirmed 1H close below 6,420 would shift momentum bearish, exposing 6,389 → 6,361.
Key Levels:
Resistance: 6,469 – 6,489 – 6,528
Support: 6,420 – 6,389 – 6,361
S&P | KEY RESISTANCE | GTradingMethodHello traders!
Has the S&P finally met its match?
Is this just a retest… or the beginning of a much deeper move?
- Broke diagonal support earlier this year
- Retesting previous support now
- Potential daily double top forming
If the retest holds, it’s a long way down… 📉
What are your thoughts? Keen to hear them :)
Signing off
G
TSLA Creeping up from original triangle, but still in a larger tNASDAQ:TSLA continues to take the stairs of worry up to my trading signal target from the original triangle analysis, $386, but the pattern has morphed into what appears to be a barrier triangle now as price struggles at $360 with a series of higher lows.
RSI is comfortable at the EQ with room to grow while price remains above the daily pivot.
Analysis is invalidated below wave (C) $284
Safe trading
Google clear for take off? Elliot Wave adjusted!NASDAQ:GOOG Google shot up on the open into price discovery invalidating the pullback scenario and suggesting we are in a strong wave 3. Don't step in front of this moving train! gaps don't have to be filled if they are runaway gaps!
Daily RSI is significantly overbought and price is far above the mean so a short term reversal is still expected though not guaranteed! We expect a test of the all time High Volume Node as support at least, $207
Safe trading
S&P500 | Daily Double Top | GTradingMethodHello Traders.
Welcome to today's trade idea by GTradingMethod.
🧐 Market Overview:
I’ve opened a short on the cash500 (S&P 500) at 6521. All GTradingMethod variables have been met, which means this trade setup qualifies under my system.
Additional confluences suggesting weaker buying strength include:
- RSI making lower highs while price pushed higher highs.
- Volume tapering off toward the latter part of the rally.
- MACD on sell signal
The only hesitation is that money flows have not decreased in the later stages of this move — but rules are rules. My edge is probability-based, so when my variables align, I must take the trade consistently.
📊 Trade Plan:
Risk/reward = 9.2
Entry price = 6520
Stop loss price = 6544
Take profit level 1 (50%) = 6370
Take profit level 2 (50%) = 6215
💡 GTradingMethod Tip:
A high RR doesn’t make a trade safer — it simply reflects how far the market could move relative to your risk. Always focus on process and probability, not just the potential payout.
🙏 Thanks for checking out my post!
Make sure to follow me to catch the next idea and please share your thoughts - I would like to hear them.
📌 Please note:
This is not financial advice. This content is to track my trading journey and for educational purposes only.
Federal Reserve Balance sheet vs SPXFed Balance sheet vs SPX
Its amazing to see the S&P500 breaking away from a long term correlation.
The Fed Balance sheet has shrunk from $8.97T to $6.6T but the markets have not been fazed.
Historically reductions in the balance sheet have resulted in markets selling off.
This time we are observing the markets trending higher.
Where is the liquidity coming from?
Is this time different?