SP-500 Correction is inevitableYou're Watching the Index. You Should Be Watching the Stocks. That Mistake Has Already Cost People Money .
While S&P holds above 7,300 and creates the illusion of calm, the majority of tech names are printing broken structures. Oracle is under pressure. Institutions are pulling out of BTC ETFs. And
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S&P 500 Just Printed a Fake Break _ Now the Real Move May BeginThe S&P 500 index ( FX:SPX500 ), with the start of the past week and U.S. market opening, initially experienced an upward move but quickly started dropping, forming a fake breakout around the support zone($7,533-$7,487) and resistance lines. It seems this time, it might break the support zone for r
Reading market side with an MA bundleA “bundle” is a dense cluster of moving averages (MAs on (H+L)/2) that have converged into one band. Its slope is a simple read on the dominant structure:
• Price above an up-sloping bundle → long side of a trend
• Price below a down-sloping bundle → short side
• Price chopping a flat, loose bundle
2 Levels I'm Watching on the S&P 500 This Week: 7,530 and 7,3492 Levels I'm Watching on the S&P 500 This Week: 7,530 and 7,349
The index is squeezed into a tight range. The direction will be set by a break of one of these two levels.
Price turned down from the recent high with a CHoCH but didn't make a low either. Right now the whole story sits between these
2 day balanceyesterday was a false breakdown at the close, so today we are near the top of a two day balance. If they get above the balance and hold above it, the market is turning bullish. The 18ma is also at the top of this balance area. If they get above balance but fall back into it, the chances are good we'
S&P500 hit its 1D MA50 again. Will it break this time?The S&P500 index (SPX) just hit today its 1D MA50 (blue trend-line) again for the first time after June 11. That test turned out to be a Low with the index rebounding but staying below Lower Highs again, within a Channel Down pattern, that eventually initiated a new Bearish Leg.
If the 1D MA50 brea
Bearish drop setup?S&P500 (US500) could rise towards the pivot, which acts as a pullback resistance and could reverse to 1st support.
Pivot: 7,447.36
1st Support: 7,371.03
1st Resistance: 7,529.62
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice
Comments about S&P500 6-24-2026Below the 20 ma. A styop of the bullish sentiment after the rally from the March lows
Expectation for a sideways range between 7.200-7.600.
FAILED to approach the previous hight, don't make it quickly EXHAUSTED, It is likely to approach the previous low.
Expectation for a sideways movement for a
US 500 Index: Bearish Breakdown Confirmed Below Cloud
The US 500 is showing strong bearish confirmation on the daily chart, breaking key structural levels and suggesting a deeper correction is underway. I anticipate a perfect ABCD
Trendline & Structure Break: Price has officially broken below the ascending trendline originating from the June 11 swi
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