SPX500 Holds Above 6,506 – Bulls Target 6,527/6,550SPX500 – Overview
The S&P 500 reached our target at 6,506 and is still pushing higher toward 6,527.
Technical Outlook:
📈 Bullish scenario: As long as price holds above 6,506, momentum is expected to continue toward 6,527 → 6,550.
📉 Bearish scenario: A confirmed 1H close below 6,506 would open the way to 6,490, with further downside risk toward 6,469.
Key Levels:
Pivot: 6,506
Resistance: 6,527 – 6,550
Support: 6,490 – 6,469
📌 Bias: Bullish while above 6,506; bearish momentum resumes only if price closes below this pivot.
previous idea:
SPX trade ideas
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
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
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
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.
SPX 1D Close Up Corrective to (4) and finishing the year STRONG!Based on this count I believe that the markets will begin to go corrective starting this next week into October and finishing the year at higher highs. As always trade responsibly and wait for your confirmation bias (whatever that might be)...
SPX500 Holds Above 6,527 Ahead of U.S. PPI DataSPX500 – Overview
Global equities rose early Wednesday as bets for a Federal Reserve rate cut next week strengthened after more weak U.S. jobs data. Traders now await the release of U.S. PPI today and CPI tomorrow, which may spark short-term volatility, though few expect them to alter the Fed’s plans.
Technical Outlook:
📈 The index remains in a bullish trend, with potential to set a new ATH near 6,550. A confirmed breakout above this level could open another bullish leg.
📉 To confirm bearish momentum, price would need to close a 1H candle below 6,527, exposing downside targets at 6,518 → 6,506.
Key Levels:
Pivot: 6,527
Resistance: 6,550 – 6,566
Support: 6,518 – 6,506
S&P 500 Daily Chart Analysis For Week of Sep 5, 2025Technical Analysis and Outlook:
During the trading sessions of the previous week, the S&P 500 Index exhibited a notable downward movement, reaching the Intermediary In Force Pullback Extension of 6370. An Odds-on Secondary Rebound subsequently followed this decline, as the index restored its upward trajectory by achieving the Mean Resistance level of 6502, although it subsequently settled below this benchmark.
It is essential to acknowledge that the current rebound from the Mean Support level of 6447 suggests a significant probability of a sustained upward movement toward the long-term objective, namely the Outer Index Rally at 6543, as detailed in the prior S&P 500 Daily Chart Analysis. Conversely, one must consider the potential for a substantial pullback to the Mean Support extension level of 6413, which would likely precede another rebound.
Moreover, it is critical to recognize that the ongoing price fluctuations may induce a considerable pullback after the fulfillment of the Outer Index Rally target at 6543. Following this anticipated downward adjustment, the index will likely resume its upward trend, targeting the completion of the Outer Index Rally at 6420.
Weekly insighta EUR/USD S&P500 NVDA METAThis video is a weekly insights report from a financial trader on TradingView. I amdiscussing my analysis and predictions for several financial instruments based on technical and fundamental indicators.
Key Points:
Market Overview: The speaker talks about the impact of recent US unemployment data on the market, which led to a "parabolic" rise in the Euro dollar.
Euro Dollar: Based on a technical analysis of an "expanding diagonal" and an old trend line, the speaker believes a false breakout is likely. They plan to avoid trading USD pairs for the next 11 days, waiting for the Fed's interest rate decision.
S&P 500: The speaker notes a five-wave Elliot wave pattern with an expanding diagonal. They are waiting for the price to break below a trend line and a red confirmation line before considering a short position. They anticipate a "choppy" market for the coming week.
Nvidia: The speaker received "hate comments" for their previous analysis of Nvidia. They stand by their short position, citing a break below the exponential moving average, a "huge" divergence on the monthly chart, and a "shooting star" candle pattern. They note that Nvidia is the heaviest stock in the S&P 500, representing 7.5% of the index.
Bitcoin: The speaker points out that Bitcoin's price has crossed and retested two moving averages, which they see as a bearish sign. They will consider a short position if the price breaks below the previous low. They also expect Bitcoin to be stagnant in the coming week while the market waits for the Fed's decision.
Call to Action : The video concludes with a plea for viewers to subscribe to the speaker's TradingView channel for more trading insights and short-trade opportunities.
S&P500 bullish sideways consolidation Equities: Rate-cut expectations outweighed slowdown fears. S&P 500 (+0.21%) closed just shy of record highs, NASDAQ (+0.45%) hit a fresh record. Defensive sectors lagged, leaving the equal-weighted S&P (-0.04%) slightly lower. In Europe, STOXX 600 (+0.52%) and CAC 40 (+0.78%) gained ahead of France’s confidence vote.
Corporate drivers: Apple’s launch event today puts spotlight on iPhone 17 Air, though analysts see the Pro line as the true sales catalyst. Big-ticket M&A and tech deals: Anglo American–Teck merger ($50bn) and Microsoft–Nebius AI cloud contract (~$20bn).
Conclusion for S&P 500 trading:
Momentum remains positive with the index near record highs, supported by the rate-cut narrative and strong tech sentiment. However, breadth is weak (equal-weighted index flat), suggesting gains are concentrated. Traders may lean bullish into Apple’s event, but need to watch for rotation risk if defensives keep lagging.
Key Support and Resistance Levels
Resistance Level 1: 6553
Resistance Level 2: 6590
Resistance Level 3: 6630
Support Level 1: 6440
Support Level 2: 6410
Support Level 3: 6380
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SPX topped on Sept 5I believe the Sept 5 Friday gap up and reversal at opening marked the top of the rally since Apr lows.
1. RSI div on Daily
2. Extreme chop and fading momentum since August which is typical for wave 4
3. Broken Apr trend channel and retested
4. Divergence between SPX and NDQ (which didn't make an ATH)
5. Risk-on assets like NASDAQ:SMH (e.g. NASDAQ:NVDA ), AMEX:XLK (e.g. NASDAQ:MSFT ), and BITSTAMP:BTCUSD are all breaking down
Even though there is more upside, it would be limited and we are in the late stage rally since April. Sept seasonality is real.
U.S. Macroeconomic DashboardThis is more of a cheatsheet/how-to for my own reference on my macro indicators charting layout. If the chart layout is helpful to the community, all the better! I find it useful for studying events and crises.
Indicators used: SPX, VIX, FEDFUNDS + US10Y + T10Y2Y, USIRYY + USCIR, UNRATE, USBCOI, BAMLH0A0HYM2, DXY
Row 1: Equity and volatility benchmarks
Row 2: Policy stance and inflation
Row 3: Unemployment and growth metrics
Row 4: Credit spreads and USD strength
SPX
Measuring : Equity benchmark
Relevance : Broadest market barometer
Observe : Trend direction, key levels, divergence vs other indicators
VIX
Measuring : Volatility index
Relevance : Market's implied volatility (read: "fear/greed gauge")
Observe : Spike --> risk-off, hedging demand; sustained lows --> complacency
FEDFUNDS + US10Y + T10Y2Y
Measuring : U.S. policy stance and yield curve
Relevance : Monetary tightening and loosening; yield curve recession slope
Observe : T10Y2Y curve inversion --> recession risk; bear steepening --> watch for inflation/deficit concerns; bull steepening --> Fed easing, recovery signal
USIRYY + USCIR
Measuring : Inflation
Relevance : Headline: all prices; Core: Excluding food + energy
Observe : Headline stat drives short-term moves. Core stat drives Fed policy
UNRATE
Measuring : Unemployment rate
Relevance : Labor market health (this is a lagging indicator)
Observe : Rising trend --> recession risk; very low --> possible overheating
USBCOI
Measuring : Manufacturing PMI; Business activity
Relevance : Leading growth indicator for manufacturing, services
Observe : >50 means expansion, <50 means contraction
BAMLH0A0HYM2
Measuring : U.S. High Yield Option-Adjusted Spread (the extra yield/spread investors demand to hold junk bonds vs risk-free Treasuries)
Relevance : Stress in corporate bond markets; risk sentiment
Observe : Widening --> investors demand more compensation for credit risk; narrowing --> investors are confident, low fear of defaults. 2-4 is normal, 4-6 is stressed, 6+ is distress, 10+ is crisis level
DXY
Measuring : USD strength
Relevance : Global liquidity, capital flows, financial conditions
Observe : Strong USD = tighter conditions and pressure on risk assets; inverse for weak USD
Signals Align for an S&P 500 PullbackThe VANTAGE:SP500 has broken below the EMA 200/100/50/20 while forming a bearish rising wedge and completing an Elliott 5-wave sequence. A MACD bearish crossover and an RSI near 40 further confirm downside momentum. However, this sets the stage for attractive buying opportunities in the near term.
Bullish continuation setup?S&P500 is falling towards the support level, which is a pullback support that aligns with the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 6,511.15
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement.
Stop loss: 6,440.59
Why we like it:
There is a pullback support that aligns with the 61.8% Fibonacci retracement.
Take profit: 6,603.09
Why we like it:
There is a resistance level at the 161.8% Fibonacci extension.
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SPX - 2 Month Bearish DivergenceHello Traders,
As shown you can see the two month bearish divergence on the index. My thoughts are it needs resolved soon than later and the inflation data coming up next could be the spark that finally gets it going.... We will find out tomorrow at 8:30 if the data comes in hot the market will not like that.. We could get a selloff in stocks and crypto on no other than 9-11 anniversary. Stay tunes and lets see if I nailed this one or not.
Precious metals bull market starting pointLot's of similar charts aligning. We are right at the decision point. Will it be like "false start" 2016 or summer 2020? Or will it be more like 1976 or 2000??
If it's like 1976 or 2000, that means the bull market for precious metals and precious metals miners, in real terms, is just beginning.
We'll find out soon!