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Standardandpoor500

The big short $SPYI think it's finally time for the short to play out. We've hit all key levels across many of the charts I'm watching and SPY hit an upper trend line (not pictured) on my other charts. I think the next move from here is a 25-36% move from these highs. If you look at DXY, TLT and HYG they're already starting to show warnings. I've never been a believer that we're going to $800 on this move like many other people are posting about on X. I've largely had a short bias from Jan-March, flipped bullish at the end of March and I posted today that I exited all of my longs. Let's see if this final move plays out. This will be the best dip buy of the next decade if you have the cash to buy it, and it plays out.
AMEX:SPYShort
by benjihyam
2
S&P500: Steady Channel Up.S&P500 remains long term overbought on its 1D technical outlook (RSI = 76.195, MACD = 151.770, ADX = 51.648) but on the short term it is trading inside a very steady Channel Up. This pattern is now on a bullish wave that, based April's leg is capped on the 1.786 Fibonacci. Target the reversal to the 0.786 Fibonacci (TP = 7,408). The short term trend remains bullish unless the price breaks under the 1H MA200. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:SPX500Short
by InvestingScope
1
SPX, Major H-S-Formation To Crucial Reversal!Hello, Welcome to this analysis about the SPX and the daily timeframe perspectives. In recent times many indices within the market already showed up with precarious pullbacks in the structure that should not be underestimated so also the SPX. As when looking at my chart we can watch there how the Index is forming this major decisive head-shoulder-formation with the left shoulder and the head already completed. Now as the right shoulder develops in the structure this is a likely setup for the completion of this whole formation which will happen when the SPX finally breaks down below the neckline as it is shown in my chart. Such a setup will be the finalization of the whole head-shoulder-formation and the SPX is likely to follow up with a bearish continuation till reaching out to the 4.380 zone from where the situation needs to be elevated again. If the SPX in this case does not hold this level and do not shows up with a reversal in the structure the possibility of a continuation-setup increases in which the SPX will form a bear-flag or similar continuation formation. If this completes a continuation will move on within the bearish-continuation-zone marked in my chart in red. Currently we should not keep these determinations from the desk and be prepared on upcoming volatilities, it will be an important journey ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
SP:SPX
by VincePrince
7
S&P 500, Ascending-Wedge-Formation, Crucial Determination!Hello, Welcome to this analysis about the SPX 500 index and the 2-hour timeframe perspective. In recent times the index moved into a crucial determination as it is already overbought on the higher timeframes I also detected this main formation here that is likely to indicate a decisive reversal in this whole structure. Therefore as when looking at my chart, we can watch there how the Index is building this main ascending-wedge-formation marked with the boundaries in black and the coherent wave-count within. In the ascending-wedge the Index has already completed the waves A to C and is now about to complete the wave-D on which the wave-E follows up, when this wave-E has been completed in the upper resistance-cluster marked in red this will be the setup for this whole wedge-formation to complete which will happen with a pullback and when the Index then finally marked below the lower boundary of the wedge it will be the origin for further bearish continuations to the downside and appointing of the lower target zone between the 4525 and 4540 zones, once this has been reached it has to be elevated if the S&P 500 manages to reverse in the structure or just sets up for further continuations to the downside. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
SP:SPX
by VincePrince
15
S&P500: Short on the 4H MA100, Channel Down topped.The S&P500 has turned neutral on its 1D technical outlook (RSI = 45.660, MACD - -82.010, ADX = 43.829) as the price rebounded to the top of the Channel Down to form a LH. The bullish wave hit the 4H MA100, which is the Resistance for the past month. The 4H RSI hit its own Resistance (70.00), almost turning overbought and this is technically the most effective level to short. The bearish waves have been almost identical, the lowest of which has been -5.61%. TP = 6,250. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:SPX500Short
by InvestingScope
3
S&P 500 Opens the Week With a Bearish GapS&P 500 Opens the Week With a Bearish Gap Despite a public holiday in the US (Martin Luther King Jr Day), the US stock market is showing volatility this morning. As the S&P 500 index chart indicates, trading on Monday opened with a sizeable bearish gap, driven by Donald Trump’s activity over the weekend. According to media reports, the US president threatened to impose new tariffs on goods from eight European countries in order to force them to “fully and completely buy Greenland”. The proposed measures target Germany, the UK, France, Denmark, Norway, Sweden, the Netherlands and Finland. A 10% tariff is set to take effect on 1 February and would rise to 25% in June if no agreement is reached. In response to the US threats, European leaders are considering suspending the ratification of last year’s trade agreement. Clearly, the market could not ignore such an escalation in international trade tensions. Technical Analysis of the S&P 500 Chart The decline in the S&P 500 appears to confirm the bearish signals highlighted in the article S&P 500 Hits a Record – But Is Everything Really So Positive? published on 13 January. As anticipated: → bears proved effective in defending the psychological 7,000-point level (with the price posting a false bullish breakout on the same day); → on 14 January, bulls confidently met the decline near the marked support at 6,888, after which the price moved higher. At the same time, the previously identified ascending channel remains relevant. In this context: → the channel median acted as support on Friday; → today’s bearish gap has pushed the price down to the lower boundary of the channel (shown by the blue arrow). The lower boundary has already demonstrated its strength as support in the first days of 2026. However, if geopolitical tensions and disappointing releases during the ongoing earnings season continue to fuel anxiety, bears may break through it and steer the S&P 500 onto a downward path that is becoming increasingly apparent. 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.
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by FXOpen
S&P 500 Hits a Record – But Is Everything Really So Positive?S&P 500 Hits a Record – But Is Everything Really So Positive? As the S&P 500 chart shows, the index touched 6,990 yesterday, marking an all-time high for the first time. The psychological 7,000 level is now within close reach. Optimism may be driven by the start of the earnings season, which could confirm continued growth in corporate profits. But is the outlook entirely positive? From a fundamental perspective, several factors could raise concerns: → News surrounding a criminal case involving Jerome Powell. This may be perceived as pressure on the Fed Chair and a threat to the central bank’s independence, potentially undermining the investment climate. → The upcoming release of CPI data (scheduled for today at 16:30 GMT+3). A scenario in which the figures point to rising inflation cannot be ruled out, which could trigger a sharp sell-off in equity markets. → Risks of the US becoming involved in new military conflicts. From a technical standpoint, bearish signals are also emerging on the chart. Technical analysis of the S&P 500 Price action in the S&P 500 is forming an ascending channel. However, it is worth noting the market’s reaction after reaching the upper boundary of this channel: on two occasions (as indicated by the arrows), the index has seen sharp pullbacks towards the median line. This behaviour suggests aggressive selling pressure. At the same time, the RSI indicator is showing bearish divergence. The channel median has so far acted as solid support. Nevertheless, with bears successfully defending the psychological 7,000 level and the fundamental backdrop capable of delivering negative surprises, sharper declines in the S&P 500 cannot be ruled out. In such a scenario, potential downside targets may include: → the 6,888 support level, where the red trendline was broken; → the lower boundary of the ascending channel. 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.
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by FXOpen
1
S&P 500 Shows Indecision Near All-Time HighS&P 500 Shows Indecision Near All-Time High As the S&P 500 chart shows, this morning the price approached yesterday’s high at A, but then sharply reversed downward (indicated by the arrow), forming a lower low at B. This resembles a Double Top pattern, which can be interpreted as market indecision near the all-time high. Traders are weighing risks and opportunities that depend on US actions in Venezuela: - Bullish factor: access to the country’s resources could act as a growth driver for the US economy. Yesterday, financials and energy sectors were the strongest performers. - Bearish factor: related to geopolitical risks and the potential involvement of the US in a protracted conflict. E-mini S&P 500 Technical Analysis On 29 December, we noted the indecision of bulls around the 6934 level, as the price showed no signs of firmly holding the record highs. We also considered a scenario in which the S&P 500 might decline. Since then, the trend has largely been bearish, and a descending channel can be drawn, with: - The median (dashed line) passing through lower highs. - Yesterday’s move into the upper half of the channel appearing aggressive, given the sharp surge from 6888. This level may act as support for bulls on their way toward the upper boundary of the channel. On the other hand, a bearish break of the 6888 level: - would provide an additional signal of demand indecision; - would reinforce the descending channel’s relevance as a market reference. 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.
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by FXOpen
2
The S&P 500 Index Trades Near Its All-Time HighThe S&P 500 Index Trades Near Its All-Time High As indicated by the S&P 500 index chart: → After breaking above the resistance line (shown in red) in the third week of December, the equity market formed an upward trend, consistent with the typical characteristics of the Santa Claus Rally. → At the opening of trading in the final week of the year, the market is showing downward momentum. The index has slipped towards the 6,920 area, reflecting the sentiment of remaining market participants ahead of key news releases: the FOMC meeting minutes on 30 December and US labour market data on 31 December. Technical Analysis of the S&P 500 Chart Price action analysis points to a lack of conviction among bulls. After breaking above the 11 December high near the 6,934 level, further progress was limited, with the price failing to show signs of firm consolidation at record highs. At the same time, bears became more active, as evidenced by the long upper shadow (marked by the arrow). Their pressure proved effective, resulting in a break below the median line of the ascending channel. It cannot be ruled out that bearish momentum will continue, pushing the S&P 500 index down towards a support zone formed by: → the psychological 6,900 level and the 24 December low near 6,907; → the lower boundary of the Santa Claus Rally ascending channel. 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.
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by FXOpen
1
SPX500 at Range Highs — Breakout or Another Rejection?Summary: SPX500 has rallied back into a well-defined resistance zone after a fake downside penetration from demand. Price is once again compressing near range highs, making this area critical for the next directional move. Technical Breakdown: Market Structure: Price remains in a broader range, respecting clear demand (lower purple zone) and resistance (upper purple zone). Higher lows from the recent demand reaction show short-term bullish momentum within the range. Key Levels: The range box midline (~6,767) has acted as a clean equilibrium level with multiple reactions — price acceptance above it favors buyers. The recent fake penetration below mid-range support (highlighted on your chart) suggests sell-side liquidity was swept before aggressive buying stepped in. Resistance Behavior: The upper zone has at least three clear touches, confirming it as strong supply. Each test shows slowing momentum, signaling decision time. Candlestick Context: Strong bullish impulses from demand with shallow pullbacks indicate active buyers, but no confirmed breakout close above resistance yet. Fundamental Context: With US indices supported by expectations of looser financial conditions in 2026 and resilient corporate earnings, dips continue to attract buyers. However, year-end positioning and macro data sensitivity keep upside capped near key technical levels. Key Price Levels (3-touch validation): Resistance: 6,900–6,920 (range highs, multiple rejections) Mid Support: ~6,765–6,770 (range equilibrium, role flip level) Demand Zone: 6,560–6,600 (major buy-side reaction area) Upside Target (on breakout): 6,980–7,000 Downside Target (on rejection): 6,650 then 6,580 Takeaway: ➡️ Bullish if price accepts and closes above 6,920, opening the door for range expansion higher. ➡️ Bearish / mean-reversion if resistance holds and price loses 6,765, targeting the demand zone again. #SP500 #Indices #PriceAction #TradingView #MarketStructure #SupplyAndDemand
SPREADEX:SPX
by uncleHamid
S&P 500 Index: Chart Analysis After Friday’s Sell-OffS&P 500 Index: Chart Analysis After Friday’s Sell-Off Trading on 12 December was overshadowed by a sharp decline in the S&P 500, with the session low approaching December’s previous trough. Among the key fundamental drivers behind Friday’s drop was the market reaction to Broadcom’s quarterly report. Shares (AVGO) plunged more than 10%, possibly as investors aggressively took profits in tech stocks, concerned that the AI hype may be overheated. A review of the 4-hour chart of the S&P 500 suggests that Friday’s negative sentiment may have begun to ease, as the index is now recovering. Overall, this presents an interesting picture from a price-action perspective. Technical Analysis of the S&P 500 Chart Five days ago, we noted that an ascending channel had formed in early December, which could be interpreted as cautious optimism ahead of key news. However, Fed-related announcements triggered a surge in volatility (as we described, “the calm before the storm”), pushing prices beyond both boundaries of the blue channel: → The failure to hold above the upper boundary can be seen as bulls lacking confidence to challenge the all-time high. The false break around 6929 looks like a trader trap. → Conversely, bears may have been unable to suppress buying near Friday’s low, as indicated by the long lower wicks on the candles (highlighted by the arrow). The chart now shows a complex Megaphone pattern (marked A–F). It is possible that the coming week will be characterised by consolidation following Wednesday–Friday’s swings, with market sentiment increasingly influenced by the approaching holiday period. 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.
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by FXOpen
S&P 500 Index: Chart Analysis Ahead of Fed NewsS&P 500 Index: Chart Analysis Ahead of Fed News On 2 December, we noted that the final month of the year is traditionally favourable for the S&P 500 index, as: → since around the 1950s, December has been positive in more than 70% of cases; → the average monthly gain is approximately +1.0%. Today, with traders worldwide focused on the Federal Reserve’s interest rate decision and Chair Powell’s subsequent press conference, there is reason to highlight another statistic. According to media reports, in 20 out of 20 instances when equity markets were near record highs and the Fed cut rates, the S&P 500 rose over the following 12 months. Given the current backdrop — proximity to all-time highs and expectations of rate cuts — it is possible that this could become the 21st such case. An analysis of price action on the 4-hour chart of the S&P 500 suggests that the stock market is reflecting nervous anticipation of the news, as the index is trading at roughly the same levels as at the start of December. Technical Analysis of the S&P 500 Chart From the demand side: → the price has managed to hold firmly above the 6785 level (which may act as support going forward) and has broken above a previously formed descending channel (shown in red); → an ascending channel formed in early December, which can be interpreted as cautious optimism ahead of the news. From the supply side: → the late-October record high may act as psychological resistance; → yesterday’s decline (indicated by the arrow) suggests that bears are ready to act more aggressively if given a catalyst. Overall, taking the above into account, it is reasonable to suggest that the S&P 500 market is in a “calm before the storm” phase. Be prepared for volatility spikes later today, starting from 22:00 GMT+3. 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.
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by FXOpen
S&P500: Futures Stuck in Tight Range S&P 500 futures traded mostly sideways yesterday, remaining confined within a tight range. In our primary scenario, however, we anticipate that magenta wave (4) will soon resume its downward move. During this phase, the index is expected to initially break below the support levels at 6540 and 6371 points. We then look for the final low of the wave (4) correction to occur within our green Long Target Zone between 6163 and 5912 points. Once this low is established, the subsequent wave (5) should propel prices above resistance at 6952, marking the peak of the broader blue wave (III). Immediately after, we expect the onset of magenta wave (1), which should kick off a significant corrective phase. However, if the index continues to fall below the Long Target Zone, our alternative scenario may come into play (probability: 31%). In that case, it would suggest that the alternative blue wave alt.(III) has already completed and the major correction is already in progress.
CME_MINI:ES1!Short
by HKCM_Global
1
S&P 500 Index: Early December Chart AnalysisS&P 500 Index: Early December Chart Analysis December is traditionally a favourable month for the S&P 500 : → Since the 1950s, December has ended higher in over 70% of years. → Average monthly gain is around +1.0%. Will the index rise in 2025? Much depends on the Federal Reserve meeting on 10 December, as well as other factors, including geopolitical developments. Interest is also piqued by an upcoming statement from Trump at the White House (today, 22:00 GMT+3), though the topic remains undisclosed. Technical Analysis of the S&P 500 Chart Demand-side perspective: → The rebound from November’s low was aggressive, rising roughly +5% in 10 days. → Price climbed above the blue trendline that has acted as support since summer. → The recent dip (marked by the red trajectory) could be a temporary correction, forming a Bull Flag pattern. Supply-side perspective: → The red trajectory has not yet been breached. → Recent price movements show a strong bearish Head and Shoulders pattern, along with signs of a Quasimodo formation, emerging around the attempt to break the upper boundary. In the short term, the former resistance at 6785 may now act as support. Overall, the S&P 500 is likely to adopt a wait-and-see stance, adjusting as economic news, delayed by the government shutdown, is released. 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.
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by FXOpen
1
S&P500: Poised for Further Pullback The S&P 500 futures are currently trading just above support at 6,540 points, but are expected to see a temporary pullback within magenta wave (4). In our primary scenario, we anticipate the sell-off will extend into the green Long Target Zone between 6,163 and 5,912 points. From this area, we expect the start of wave (5), which would complete the magenta five-wave sequence and push the index higher—ideally above resistance at 6,952 points. This move would also mark the final high of the broader blue wave (III). However, if selling pressure intensifies and the Long Target Zone is breached, our alternative scenario will come into play (probability: 31%). In this case, blue wave alt.(III) would already be complete, and the index would enter a significantly deeper correction phase.
CME_MINI:ES1!Short
by HKCM_Global
S&P500: Slightly higherS&P 500 futures edged slightly higher in yesterday’s session. The index appears to remain within the upward trajectory of magenta wave (5), which is expected to continue pushing higher. Once this wave reaches its peak, the larger blue wave (III) should also complete. Afterward, we anticipate a corrective phase in the form of magenta wave (A), which could put renewed pressure on the index. However, if prices reverse course and fall below the support level at 6,371, our alternative scenario will come into play. In that case, alternative wave alt.(4) would likely extend further downward, targeting a low within the corresponding alternative zone between 6,055 and 5,822 points (probability: 30%).
CME_MINI:ES1!Long
by HKCM_Global
1
S&P500: Rebound S&P 500 futures managed to stage a modest rebound in yesterday’s session and are now showing renewed upward momentum. In our primary scenario, we expect magenta wave (5) to continue climbing and to ultimately mark a final high that completes the larger blue wave (III). Afterward, we anticipate a corrective phase via magenta wave (A), which should pull the index toward support at 6,371 points. However, if prices drop directly below the 6,371 points support, our alternative scenario will come into play. In that case, the alternative wave alt.(4) would likely extend further downward, finding its low within the magenta alternative Target Zone between 6,055 and 5,822 points.
CME_MINI:ES1!Long
by HKCM_Global
S&P500: Rising?S&P 500 futures edged slightly lower in yesterday’s session but are expected to remain within the upward trajectory of magenta wave (5), which, under our primary scenario, is likely to continue moving higher. This advance would also complete the larger blue wave (III). Afterward, we anticipate a corrective phase in magenta wave (A), which should put renewed pressure on the index. At the same time, we are monitoring our alternative scenario, which suggests that magenta wave alt.(3) has not yet concluded. If prices drop below the support level at 6,371 points, this scenario will come into play. In that case, wave alt.(4) would likely extend further downward, reaching its low within the magenta alternative Target Zone between 6,055 and 5,822 points (probability: 30%).
CME_MINI:ES1!Long
by HKCM_Global
S&P 500 Index Shows Elevated VolatilityS&P 500 Index Shows Elevated Volatility On the 4-hour chart of the S&P 500 Index (US SPX 500 mini on FXOpen), the ATR indicator with standard settings has not fallen below the 30 mark, signalling higher current market volatility compared to previous periods. Traders’ decisions are being influenced by the ongoing government shutdown, developments around a potential US-China tariff deal, and an increasingly active earnings season. Market sentiment has also been shaped by renewed concerns over regional bank stability and profit-taking in AI-related stocks. Looking ahead, the new week is also expected to bring heightened volatility, as: → US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are set to meet in the coming days, paving the way for a potential meeting between Presidents Trump and Xi later this month. → Attention will also turn to quarterly results from Netflix, Coca-Cola, Tesla, IBM, and Intel. With key US economic data releases suspended due to the government shutdown, investors are likely to look to corporate earnings for direction. Technical Analysis of the S&P 500 Chart Major turning points on the 4-hour S&P 500 chart, highlighted in bold, outline a broad ascending channel that reflects the market’s expanded price swings. From a bullish perspective: → The price remains in the upper half of the channel. → Market sentiment is improving, with prices moving closer to last week’s highs during the European session. → As indicated by the arrow, a wide bullish engulfing pattern formed near the lower boundary of the channel, confirming strong buying interest around the 6,560 level. From a bearish standpoint: → Selling pressure was particularly aggressive near 6,720, pushing the price lower on 10 October. → Last week, this level once again acted as resistance, suggesting that bears maintain control there, limiting near-term upside potential. Given these dynamics, traders may wish to adjust their strategies to account for the prevailing volatility. Should positive headlines emerge on US-China trade progress, supported by upbeat corporate forecasts, the S&P 500 could make a push towards the upper channel boundary, potentially setting a new record near the 6,800 mark. 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.
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by FXOpen
S&P500: Rebound Offers Relief, But Downtrend Likely to ContinueThe S&P 500 managed to recover somewhat, which helped to partially offset the recent sell-offs. However, we continue to expect the ongoing wave (4) in magenta to extend further to the downside. We anticipate that the low of this wave will be reached within the similarly colored long Target Zone (6,055 points – 5,822 points), before a new upward move begins that should push the index above resistance at 6,812 points. At that level, the magenta five-wave sequence should be completed, and the high of the higher-level wave (III) in blue should be established. Given recent price action, we have added a bearish alternative scenario to the chart. This scenario suggests that the most recent high has already marked the end of the large wave alt.(III) in blue, and that the index has since entered the corrective wave alt.(IV) . If support at 5,528 points is breached, this scenario will be triggered. Long positions within the magenta Target Zone could therefore be protected with a stop set 1% below the lower edge of the zone to limit risk.
CME_MINI:ES1!Short
by HKCM_Global
Trump’s Decision Shakes Global Financial MarketsTrump’s Decision Shakes Global Financial Markets On Friday, 10 October, President Trump made an unexpected statement about the possible introduction of 100% tariffs on Chinese goods, triggering sharp price swings across global markets: → Stock markets: The S&P 500 index tumbled by more than 3%, hitting its lowest level in over a month. → Currency markets: The US dollar slumped sharply against other major currencies. However, on Sunday, Donald Trump softened his tone on Truth Social, suggesting that trade relations with Beijing “will be absolutely fine”. Vice President JD Vance echoed this sentiment, adding that the United States is ready for talks if China is “prepared to act reasonably”. This shift in rhetoric from US officials helped markets recover, with the S&P 500 index rebounding sharply at Monday’s open, reclaiming much of Friday’s losses. Technical Analysis of the S&P 500 Chart In our previous analysis of the 4-hour S&P 500 chart (US SPX 500 mini on FXOpen) on 4 October, we identified an upward channel (shown in blue) and expressed several concerns: → The price was approaching the upper boundary of the channel, where long positions are often closed for profit. → The latest peak slightly exceeded the October high (A), suggesting a potential bearish divergence. → The news blackout caused by the government shutdown created an “information vacuum”, which could quickly turn sentiment negative if filled with adverse developments. The lower boundary of the blue channel offered only temporary support near 6,644 points on Friday before the price broke downwards. Doubling the channel width provides a projected target near 6,500, which coincides with Friday’s low. Given these factors, it can be assumed that the lower line of the blue channel now acts as the median of a broader range following Friday’s sell-off. This suggests that in the coming days, the S&P 500 index may stabilise as demand and supply find temporary balance along this line. Looking further ahead, the situation may resemble that of early April, when after a panic-driven market drop (also triggered by Trump’s tariff comments), the S&P 500 not only fully recovered but went on to reach new highs. Key Levels: → 6,705 – a level that has acted as both support and resistance this autumn; → 6,606 – the boundary of the bullish gap. 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.
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by FXOpen
1