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S&P 500 Roadmap: Breakout Confirmed, More Upside Ahead?As I expected in the previous idea , the S&P 500 index( TVC:SPX ) started to rise and reached all of its targets(full target). At the moment, the S&P 500 index seems to have broken the resistance zone($6,777-$6,709) and has formed an ascending channel during this recent rise. From an Elliott Wave perspective, it appears that the S&P 500 index is completing its main wave 4, and we can anticipate another upward move as the main wave 5. I expect the S&P 500 index to continue its upward trend in the coming hours and rise at least to $6,846. Target: $6,846 Stop Loss(SL): $6,691 Points may shift as the market evolves What do you think about the S&P 500 index and the U.S. stock market? Note: A very important trading level is $6,860, which is a key level. If it’s broken, we could see new all-time highs for the S&P 500 index. Note: the ongoing negotiations and ceasefire in the Middle East between Iran, the U.S., and Israel could play a significant role in continuing or halting the upward trend, so we must follow updates on that conflict. 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌 S&P 500 Index Analyze (SPX500USD), 4-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
OANDA:SPX500USDLong
by pejman_zwin
1
S&P 500 index Near Channel Break — Momentum Is BuildingThe S&P 500 index ( FX:SPX500 ) began to rise after news that a ceasefire between Iran and the United States was likely in the coming days, and Trump's statement that the war would end in three weeks created a wave of optimism among investors. The S&P 500 index seems to have managed to break through the resistance zone($6,580-$6,490), and we should wait for the upper line of the descending channel to break. In terms of Elliott Wave theory, the S&P 500 index seems to have completed the Double Three Correction pattern(WXY) inside the descending channel. I expect the S&P 500 index to continue its upward trend in the coming hours and break the upper line of the descending channel. Trump's speech in the coming hours could also have a great impact on the trend of this index. First Target: $6,687 Second Target: $6,781 Stop Loss(SL): $6,487(Worst) Points may shift as the market evolves What do you think about the S&P 500 index and the U.S. stock market? Note: Since Bitcoin has a high correlation with the S&P 500 index these days, an increase in this index could lead to a possible increase in Bitcoin ( BINANCE:BTCUSDT ) in the coming hours. 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌 S&P 500 Index Analyze (SPX500USD), 4-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
OANDA:SPX500USDLong
by pejman_zwin
17
S&P 500 Forms a Bullish Flag— Is a Short-Term Rally Coming?As I expected in the previous idea , the S&P 500 index( FX:SPX500 ) started to decline and reached all of its targets. Currently, the S&P 500 is moving near a support zone($6,581-$6,489), and a fake break below it has formed. However, after this fake break, the momentum moved in the opposite direction. From a classic technical analysis perspective, on the 1-hour timeframe, it looks like a bullish flag pattern is forming on the S&P 500 index. I expect that in the next few hours, the S&P 500 will start to rise again with increased volume and reach at least $6,671. First Target: $6,671 Second Target: resistance zone($6,777-$6,711) Stop Loss(SL): $6,491 Points may shift as the market evolves What do you think about the S&P 500 index and the U.S. stock market? Note: Due to Bitcoin's( BINANCE:BTCUSDT ) high correlation with the S&P 500 index these days, if the index rises again, it could drive Bitcoin's price higher . Note: In case of escalating Middle East tensions in the coming days, we might see a sudden drop in the S&P 500. Thus, managing capital is crucial, especially these days when markets fluctuate more on news and statements. 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌 S&P 500 Index Analyze (SPX500USD), 1-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
OANDA:SPX500USDLong
by pejman_zwin
18
S&P500 Index Analysis: Bearish Continuation Scenario📊 US500 / S&P 500 Index CFD | Bearish Breakdown Setup 🐻💰 🎯 TRADE OPPORTUNITY OVERVIEW Asset: US500 / S&P 500 Index CFD Trade Type: Day/Swing Trade Setup Bias: 🔴 BEARISH - Moving Average Rejection Confirmed Strategy: Support Breakout Play with Technical Confluence 📍 TRADE PARAMETERS 🚪 ENTRY ZONE ANY PRICE LEVEL AFTER SUPPORT BREAKOUT @ 6770 ✅ Wait for clean break & retest confirmation ✅ Volume spike validates the breakdown ✅ Moving averages acting as resistance ceiling 🎯 TARGET ZONE PRIMARY TARGET: 6700 🏁 Why this level? 💎 Police force = Strong historical support zone 💎 Oversold conditions brewing = Mean reversion magnet 💎 Bull trap liquidation area 💎 Multi-timeframe correlation confluence ⚠️ THIEF OG's NOTE: This is MY target, not financial advice! Take profits when YOUR account smiles. Lock gains at YOUR comfort zone. This is YOUR money, YOUR risk, YOUR rules. 💰🔓 🛑 STOP LOSS THIEF STOP: 6840 🚨 Placed above rejection zone + moving average resistance cluster. ⚠️ THIEF OG's DISCLAIMER: I'm NOT telling you where to place YOUR stop loss. This is where I protect my capital. You manage YOUR risk, YOUR way. Trade smart, trade safe, trade YOUR plan. 🛡️ 🔗 CORRELATED PAIRS TO WATCH 📈 US EQUITY INDICES NAS100 / NASDAQ 100 - Tech heavy correlation, leads volatility US30 / DOW JONES - Industrial sentiment gauge US2000 / RUSSELL 2000 - Small-cap risk appetite barometer 💵 FOREX CORRELATIONS DXY (US Dollar Index) - Inverse relationship; DXY ↑ = SPX ↓ pressure EUR/USD - Risk-on/risk-off sentiment mirror USD/JPY - Safe-haven flows indicator 🏆 COMMODITIES & VOLATILITY GOLD (XAU/USD) - Fear gauge; rising = equity weakness VIX (Volatility Index) - Spike confirms market stress OIL (WTI/Brent) - Energy correlation with broader risk assets 🔑 KEY CORRELATION LOGIC: When S&P breaks support, expect: ✅ VIX spike (fear rising) ✅ Dollar strength (safe-haven bid) ✅ Gold buying (risk-off rotation) ✅ NAS100 weakness (tech selloff amplifies move) 📰 FUNDAMENTAL & ECONOMIC FACTORS 🔴 CURRENT MARKET DRIVERS (Real-Time Context) 📊 Economic Data Releases (March 2026 Watch List) US Non-Farm Payrolls (NFP) - Employment strength impacts Fed policy outlook CPI & Core Inflation Data - Sticky inflation = prolonged higher rates = equity pressure Fed Interest Rate Decision & Powell Speech - Hawkish tone = bearish for risk assets Retail Sales & Consumer Spending - Weakening consumption = recession fears GDP Growth Estimates - Slowdown signals trigger risk-off sentiment ⚡ Current Market Themes Fed Policy Uncertainty - Higher for longer rate narrative weighs on valuations Corporate Earnings Season - Guidance cuts = bearish repricing Geopolitical Tensions - Risk premium expansion favors defensive positioning Banking Sector Stress - Credit conditions tightening = liquidity concerns Tech Valuation Compression - AI bubble fears + rising yields = multiple contraction 📅 UPCOMING CATALYSTS TO WATCH FOMC Minutes Release - Hawkish language = breakdown catalyst Mega-cap Tech Earnings (AAPL, MSFT, NVDA, GOOGL) - Beats or misses move the index US Treasury Auctions - Poor demand = yield spike = equity selloff Jobless Claims - Rising claims = recession narrative = bearish 🎯 TRADE THESIS: Bearish technical setup aligned with macro headwinds. Support breakdown + fundamental weakness = high-probability move to 6700. 💎 THIEF TRADER STYLE: WISDOM & MOTIVATION "The market doesn't care about your feelings. It only respects your discipline." 🧠🔥 "Bulls make money, bears make money, pigs get slaughtered. Don't be greedy—take the profit when it's offered." 🐂🐻🐷 "A stop loss is not a failure. It's the price you pay for the next opportunity." 🛑➡️💰 🔥 LET'S GET THIS BREAD, THIEF OG's! 🍞💵 Trade safe. Trade smart. Steal profits. Escape clean. 🏃‍♂️💨💸
OANDA:SPX500USDShort
by The-Thief
S&P 500: Retest Done — Next Push to New ATH?The S&P 500 index ( SP:SPX ) completed its downward movement as I expected in the previous idea (full target) . Currently, the S&P 500 index has managed to break the resistance zone($6,956-$6,918) and is completing a pullback to this zone. In terms of Elliott wave theory, it seems that the S&P 500 index has managed to complete the main wave 4 and is currently completing the main wave 5. I expect the S&P 500 index to succeed in forming a new All-Time High(ATH) after breaking the resistance lines. First Target: $7,031 Second Target: Resistance lines Stop Loss(SL): $6,896 Points may shift as the market evolves Note: This week, important indexes will be released from the US, which could have a significant impact on the S&P 500 index trend. 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌 S&P 500 Index Analyze (SPX500USD), 4-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
OANDA:SPX500USDLong
by pejman_zwin
11
S&P 500 Breakdown Retest — Bears in Control, Bigger Drop Ahead?Today, I want to share a short setup on the S&P 500( SP:SPX ). Given that the crypto market—especially Bitcoin( BINANCE:BTCUSDT )—has recently regained strong correlation with the S&P, this analysis may be important for the crypto community too. The S&P 500, over the past 20 days, has shown upward moves with low volume, while downward moves have had stronger momentum and volume. This indicates bears (sellers) have more control. The reasons include Federal Reserve policy shifts and escalating Middle East tensions. Historically, such tensions have led to S&P declines. From a technical perspective, on the 4-hour timeframe, the S&P 500 has broken its support zone($6,956-$6,925) and is pulling back to it. From an Elliott Wave perspective, it seems the S&P 500 is completing its main wave 4, which likely has a Double Three Correction(WXY) structure. I expect the S&P 500 to decline toward the support lines. If broken, we could see the index drop further to at least $6,853. Note: If Middle East tensions escalate further, as news suggests, the index could drop suddenly. Conversely, any agreement (e.g., between Iran and the U.S.) could support a recovery. Stay tuned to the news flow. Note: A decline in the S&P 500 to at least 6,850 could also lead to the loss of Bitcoin’s heavy support zone($78,260-$70,080). First Target: Support lines Second Target: $6,853 Stop Loss(SL): $6,979(Worst) Points may shift as the market evolves Can gold resume its bullish trend, or should we expect deeper corrections? 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌 S&P 500 Index Analyze (SPX500USD), 4-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
OANDA:SPX500USDShort
by pejman_zwin
4
S&P 500 Completes Wave 5 via Ending Diagonal — Correction Ahead?The S&P 500( FX:SPX500 ) is a crucial index in the financial markets, and understanding its trends can greatly help in analyzing other markets, such as cryptocurrencies, especially Bitcoin( BINANCE:BTCUSDT ). The S&P 500 is currently near its resistance lines, and from a classic technical analysis perspective, it has formed a rising wedge pattern. From the Elliott Wave perspective, it seems that the main wave 5 in the S&P 500 index has been completed via an ending diagonal. Considering the ongoing tensions in the Middle East and the U.S. moving its forces to the region, there’s a possibility that these tensions may escalate in the coming days. Therefore, given that the S&P 500 is currently near its all-time highs, and based on our technical analysis, going long might be risky, and I currently favor short positions for the S&P 500. I expect that after breaking the support zone($6,930_$6,892), the S&P 500 index could drop to around $6,863. Furthermore, since Bitcoin has a correlation with the S&P 500, a decline in the S&P 500 could also lead to a drop in Bitcoin . First Target: $6,923 Second Target: $6,863 Stop Loss(SL): $7,009 Points may shift as the market evolves 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌S&P 500 Index Analyze (SPX500USD), 4-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
OANDA:SPX500USDShort
by pejman_zwin
17
S&P 500 Makes New ATH — Is This a Fake Breakout?As I expected in the previous idea , the S&P 500 Index( FX:SPX500 ) reached its targets, with a risk-to-reward ratio of 1:67. The S&P 500 has managed to set new all-time highs as we entered 2026. The question now is whether the S&P 500 will continue its bullish trend throughout 2026 or if we should anticipate a correction in the U.S. stock market. It’s important to note that the S&P 500 is a key index for the markets, and its correlation with Bitcoin( BINANCE:BTCUSDT ) is quite high. Therefore, it’s always beneficial to keep an eye on the S&P 500 when analyzing the crypto market, especially Bitcoin. Currently, the S&P 500 seems to be trading above the resistance zone($6,930_$6,892). However, considering the volume of this breakout, it doesn’t seem like a very convincing breakout. From an Elliott Wave perspective, we might expect the main wave 5 of the S&P 500 to conclude with the help of an ending diagonal, and this wave 5 could complete near the upper lines of the ending diagonal. I expect that the S&P 500 may decline at least to around $6,917, and if it breaks back below the resistance zone and the lower lines of the ending diagonal, we could see further declines to around $6,837 or even lower, leading to a downturn in the U.S. stock market. Note: It’s worth noting that rising tensions in global affairs could also pose a risk to the S&P 500, potentially causing abrupt declines. First Target: $6,917 Second Target: $6,837 Stop Loss(SL): $6,988 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌S&P 500 Index Analyze (SPX500USD), 4-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
OANDA:SPX500USDShort
by pejman_zwin
12
S&P 500 Hits ATH — Fake Breakout & Start of a Major Correction?The S&P 500 Index ( OANDA:SPX500USD ), as I previously expected , has begun to rise and even reached a New All-Time High($6,823). It appears that the S&P 500 Index has lost its uptrend line and is currently moving just above the resistance zone($6,930_$6,892). The key point here is that this break above the resistance zone($6,930_$6,892) hasn’t occurred with high volume, and there’s also a noticeable Regular Divergence (RD-). From an Elliott Wave perspective, it seems that the S&P 500 Index has completed main wave 5 at the new All-Time High(ATH), indicating a potential fake breakout above the resistance level. I expect that the S&P 500 Index may begin to decline and could drop at least to around $6,879, with the next target potentially filling a Runaway Gap($6,857.80_$6,850.80). What are your thoughts on the S&P 500 Index? How do you see the U.S. stock market unfolding in 2026? I’d love to hear your opinion! First Target: $6,879 Second Target: Runaway Gap($6,857.80_$6,850.80) Stop Loss(SL): $6,952 Note: A decline in the S&P 500 index could also affect Bitcoin( BINANCE:BTCUSDT )(due to Bitcoin's correlation with the S&P 500 index). 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌S&P 500 Index Analyze (SPX500USD), 1-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
OANDA:SPX500USDShort
by pejman_zwin
1
S&P 500 index at PRZ — Next Bullish Rally!!!In general, I place significant importance on the S&P 500 index( SP:SPX ), especially over the past month, because of its strong correlation with the crypto market, particularly Bitcoin( BINANCE:BTCUSDT ). When sharp movements occur in the S&P 500 index, we often see a mirrored effect in the crypto market and Bitcoin’s chart. Currently, the S&P 500 index is moving near the support zone($6,776_$6,712) and the Potential Reversal Zone(PRZ) , and it appears to have successfully broken the upper line of the descending channel, which is a positive sign for a continued bullish trend in the coming days. From an Elliott Wave perspective, it seems that the S&P 500 has completed a zigzag correction(ABC/5-3-5) within the descending channel, and we can expect an upward wave towards the resistance zone($6,853_$6,823). I expect that the S&P 500 will begin to rise again from the Potential Reversal Zone(PRZ) and could climb at least up to $6,816. If it breaks resistance zone($6,853_$6,823), we can expect even more gains, which can also positively impact the broader markets. What’s your outlook on the S&P 500 index and the U.S. stock market? First Target: $6,816 Second Target: $6,834 Stop Loss(SL): $6,739(Worst) Note: During U.S. trading hours, market volatility and emotions tend to increase. Please make sure to apply strict risk and capital management. 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌S&P 500 Index Analyze (SPX500USD), 1-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
OANDA:SPX500USDLong
by pejman_zwin
7
S&P 500 Breakdown Alert — Rising Wedge Reversal in Play!Today I want to share an S&P 500 index( SP:SPX ) analysis, as this index plays a major role in guiding correlated markets—especially crypto, and particularly Bitcoin( BINANCE:BTCUSDT ). The S&P 500 index entered the Potential Reversal Zone(PRZ) and resistance zone($6,902_$6,875), where it began to fall. The S&P 500 index also failed to form new Higher Highs(HH) and Higher Lows(HL), which signals weakening bullish momentum over the past 7 trading sessions. From a classical technical-analysis perspective, it appears that the S&P 500 index has broken below the lower line of its rising wedge pattern, which is considered a bearish reversal pattern. The index is currently in the process of completing a pullback/retest of the broken structure. My expectation is that the S&P 500 index may decline at least toward $6,823, and if important support lines break, we could see a deeper correction toward the measured move (target) of the rising-wedge pattern. What’s your outlook on the S&P 500 index and the U.S. stock market? First Target: $6,823 Second Target: $6,803 Stop Los(SL): $6,889(Worst) ------------------------------------------------ We should also keep in mind that several important US economic indicators will be released this week, which could significantly impact market direction. So be extra cautious with your positions, especially during data releases: JOLTS Job Openings➡️09 December Federal Funds Rate➡️10 December FOMC Statement➡️10 December FOMC Press Conference➡️10 December Unemployment Claims➡️11 December ------------------------------------------------ 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌S&P 500 Index Analyze (SPX500USD), 1-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
OANDA:SPX500USDShort
by pejman_zwin
7
S&P 500 index Bull Run Continues — Symmetrical Triangle BreakoutThe S&P 500 index( SP:SPX ) has shown solid bullish momentum over the last 7 trading days, gaining more than +5% during this period. The S&P 500 has once again moved back above Important Support lines, and it now appears to be breaking through a resistance line as well. From a classical technical analysis perspective, the S&P 500 seems to be moving inside a symmetrical triangle pattern. From an Elliott Wave standpoint, the S&P 500 looks to be completing Wave 4. A confirmed breakout above the upper line of the symmetrical triangle could validate the end of Wave 4. I expect the S&P 500 to continue its upward movement and extend toward the Potential Reversal Zone(PRZ) and the Resistance zone ($6,902_$6,875). What’s your view on the S&P 500 index and the broader U.S. stock market? First Target: $6,859 Second Target: $6,887 Stop Los(SL): $6,774(Worst) 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌S&P 500 Index Analyze (SPX500USD), 1-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
OANDA:SPX500USDLong
by pejman_zwin
1
S&P 500 (ES1!): Bullish! Look For Valid Buys!Welcome back to the Weekly Forex Forecast or the week of Dec. 1-5th. In this video, we will analyze the following FX market: S&P 500 (ES1!) The S&P500 rallied last week, closing strong! Look for follow through going into this week. Go with the overall bullish trend until there is a bearish market structure break. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much. Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CME_MINI:MES1!Long
by RT_Money
S&P 500 Roadmap: Correction Rally Ending—Another Drop Is ComingAs I expected in the previous idea , the S&P 500 index( SP:SPX ) moved toward the broken Support lines and completed its pullback, reaching its targets. Given that the S&P 500 index nowadays shows a significant correlation with the cryptocurrency market and Bitcoin( BINANCE:BTCUSDT ), it’s wise to pay even more attention to this index, as it can help us gauge the crypto market trends. The S&P 500 is approaching a Resistance zone($6,675_$6,637), and considering the momentum of last weekend’s decline, it appears that this recent upward movement is merely a correction. Therefore, we should expect another decline in the S&P 500. Since the U.S. dollar index( TVC:DXY ) is also likely to maintain an upward trend, the rise in the dollar can lead to more capital flowing into safer assets, potentially impacting the S&P 500 negatively. The S&P 500 is also influenced by the US 10-Year Government Bond Yield( TVC:US10 ). If the US 10-Year Government Bond Yield trends upwards , then riskier assets like cryptocurrencies might go down more, and this, in turn, could also impact the S&P 500. Considering all the above, I expect that the S&P 500 will at least test its Support zone($6,580_$6,490) again and, if that Support zone($6,580_$6,490) is broken, we could anticipate further declines in the U.S. stock market and the S&P 500. First Target: $6,526 Second Target: $6,413 Stop Los(SL): $6,731 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌S&P 500 Index Analyze (SPX500USD), 4-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
OANDA:SPX500USDShort
by pejman_zwin
3
SPX500 Breakdown Warning: Major Supports— Bigger Crash Ahead?The S&P 500 index ( SP:SPX ) has become increasingly significant recently, and it has a notable impact on cryptocurrency markets, especially Bitcoin ( BINANCE:BTCUSDT ). Therefore, analyzing the S&P 500 not only benefits its own market but also enhances our understanding of related markets. Fundamental Analysis: Volume confirms distribution, while the ongoing U.S. government shutdown delays critical data (CPI, PPI), fueling uncertainty and risk-off sentiment. Fed’s hawkish pause on rate cuts and tech sector rotation (TSLA -6%( NASDAQ:TSLA ), NVDA -3.5%( NASDAQ:NVDA )) reinforce bearish momentum. Also, YTD performance now -3.2% in November — on pace for the worst monthly drop since 2008 (-7.5% Technical Analysis: From a technical perspective, the S&P 500 index is breaking the Support zone($6,773_$6,710) and moving near the Support lines and 50_SMA(Daily) . Given recent data, there’s a possibility that these supports may break. Additionally, according to Elliott Wave Theory , we can expect more corrective waves ahead. I expect the SPX500 index to decline to $6,633 after the support cluster is broken in the first step. First Target: $6,633 Second Target: $6,583 Stop Los(SL): $6,815 Please respect each other's ideas and express them politely if you agree or disagree. S&P 500 Index Analyze (SPX500USD), 4-hour 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. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:SPX500USDShort
by pejman_zwin
1
S&P 500 at Make-or-Break Level – Bulls’ Last Chance!As I expected in the previous idea , the S&P 500 index ( SP:SPX ) has reached its target. Given that the S&P 500 index has a strong correlation with other financial markets, especially Bitcoin ( BINANCE:BTCUSDT )—sometimes even tracking them candle-by-candle—it's a good idea to pay extra attention to the S&P 500 index these days. Currently, the S&P 500 index is moving in a Heavy Support zone($6,775_$6,689) , although it entered this zone with a lot of downside momentum. From a classic technical analysis perspective, there's still a chance that the descending broadening wedge pattern will hold. As long as this pattern isn't invalidated, we can still hope for at least a short-term bullish move. From an Elliott Wave perspective , it seems like the S&P 500 index is completing the microwave 4 of the microwave C of the main wave Y within the descending broadening wedge. I expect that after the next small dip, the S&P 500 index will start rising again from near the lower boundary of the wedge, the 50_SMA(Daily) , and Support lines . Note: If the S&P 500 index falls below about $6,650, we should expect further downside. So let's keep an eye on that level. Please respect each other's ideas and express them politely if you agree or disagree. S&P 500 Index Analyze (SPX500USD), 1-hour 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. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:SPX500USDLong
by pejman_zwin
7
S&P 500 at Critical Support – Last Line of Defense?Since the S&P 500 index( SP:SPX ) is one of the key indicators in the financial markets, and it’s been highly correlated with parallel markets recently, it's always a good idea to keep an eye on its analysis. Now, for example, Bitcoin ( BINANCE:BTCUSDT ) started to decline as the S&P 500 index dropped, and right now the S&P 500 index is at a pretty critical Support zone($6,774_$6,689) and Support lines. It's essentially moving right around its last line of hope. From an Elliott Wave theory perspective, in this current zone, the S&P 500 index could be completing the Triple Three Correction(WXYXZ)=main wave 4. Looking ahead, we might expect the S&P 500 index to climb up toward its Resistance zone($6,894_$6,859). And given the current positioning, the risk-to-reward ratio looks quite favorable—as long as you keep a reasonable stop loss in place and practice good risk management. Note: if these Support lines break downward, we could see further declines in the S&P 500 index and in those correlated markets as well. So it's definitely something to monitor closely. Please respect each other's ideas and express them politely if you agree or disagree. S&P 500 Index Analyze (SPX500USD), 1-hour 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. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:SPX500USDLong
by pejman_zwin
5
S&P 500 Bulls Back in Control – New All-Time High Ahead?As I expected in my previous idea , the S&P 500 index( SP:SPX ) pulled back from its Resistance lines and hit its target. Right now, the S&P 500 index is in the process of breaking through a Resistance zone($6,894_$6,859). Just a few hours ago, it successfully broke above the upper line of a descending channel , which is a positive sign for a renewed upward move . From an Elliott Wave perspective, it seems that the S&P 500 index has completed its main wave four, and after breaking this Resistance zone($6,894_$6,859) , we can anticipate the start of a main wave 5 . I expect that once the S&P 500 index breaks through this Resistance zone($6,894_$6,859) , it will likely climb at least up to the next Resistance lines and the Potential Reversal Zone (PRZ) . Note: The cryptocurrency market, and especially Bitcoin( BINANCE:BTCUSDT ), has been highly correlated with the S&P 500 index these weeks. Please respect each other's ideas and express them politely if you agree or disagree. S&P 500 Index Analyze (SPX500USD), 1-hour 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. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:SPX500USDLong
by pejman_zwin
7