S&P 500 Technical & Fundamental Outlook — Week of Nov 3–7, 2025🧭 S&P 500 Technical & Fundamental Outlook — Week of Nov 3–7, 2025
Chart View:
Price is consolidating between 6,815 support and 6,921–6,940 resistance, holding just above the major ascending trend line from October.
This area marks a critical inflection: will buyers defend the trend, or will we finally break structure?
📊 Technical Breakdown
Primary Trend: Uptrend intact while above trend line support.
Key Support Zone: 6,800 – 6,815 (buyers last defended strongly).
Major Breakdown Level: Below 6,656 opens the door to 6,550 and new lower lows.
Resistance Zone: 6,921 – 6,940 (previous swing high & supply area).
Bias: Neutral-to-bullish while above 6,815; bearish momentum accelerates under 6,656.
🟢 Bullish Path: Use the trend line as a launchpad to retest 6,921+.
🔴 Bearish Path: Break and close below 6,815 → target 6,656 then 6,550.
🗓 Macro Calendar – Key Events to Watch
Mon (Nov 3) – ISM Manufacturing PMI (48.7 vs 49.4 prior)
→ Soft manufacturing data keeps Fed-cut expectations alive.
Tue (Nov 4) – ECB President Lagarde speaks (2 appearances)
→ Watch EUR/USD volatility; global equity tone may shift if dovish.
Wed (Nov 5) – ADP Employment (+31K expected after –32K prior); ISM Services PMI (50.7 exp)
→ Jobs rebound or slowdown will steer rate-cut bets and risk appetite.
Thu (Nov 6) – Bank of England rate decision (4.00% expected hold) + Governor Bailey speech; FOMC Member Waller speaks (2:30 PM ET)
→ Cross-market rate tone could affect bond yields → equity valuations.
Fri (Nov 7) – U.S. Non-Farm Payrolls + Unemployment + UoM Sentiment (53.0 exp)
→ This is the week’s main volatility catalyst. Strong jobs = hawkish pressure; weak jobs = bullish equities.
💬 Market Sentiment & Headlines
AI Mania Continues: Amazon hit a record after a $38 B OpenAI deal via AWS, fueling tech momentum.
Earnings Strength: 80% of S&P companies beat Q3 estimates; megacap tech remains the driver.
Breadth Concerns: 300+ S&P names closed red Monday — showing the rally is narrow and fragile.
Other Corporate Moves: Kimberly-Clark to acquire Kenvue ($48.7 B), Starbucks China JV announcement.
Macro Backdrop: Investors await clarity on Fed policy path and global rate decisions amid softening manufacturing data.
🧩 Trader’s Take
This week is all about trend-line defense vs breakdown.
Stay flexible:
Above 6,815 → trend continuation bias.
Below 6,656 → prepare for deeper retracement toward 6,550.
Macro data + AI headlines are creating a push-pull market: tech buoyancy vs broader weakness.
📅 Watch the reaction during ISM & NFP — these will likely decide direction for mid-November.
#SPX #SP500 #Futures #TradingView #PriceAction #Fundamentals #TechnicalAnalysis #StockMarket #AIStocks #MacroWeek #NFP #ISM #Fed #Equities #Amazon #OpenAI #NASDAQ #SPX500
Trade ideas
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.
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SPX | Daily Analysis #11 - 4 November 2025Hello and Welcome back to DP
Review and News Coverage:
As mentioned in the previous daily analysis, the market saw a nice decline — even breaking through the 6811 area and reaching down to 6766. There wasn’t any major news driving the move; it seems the market simply took a breather to gather strength for the next potential rally.
Now that the past move is complete, our focus shifts forward. Tomorrow brings key economic events — NFP (Non-Farm Payrolls) and PMI data — both of which are likely to bring significant volatility to the market.
1H Time Frame Technical Analysis:
At the moment, this bull run could face resistance around the 6826 area. From there, a short-term correction toward the 6800 zone is possible (6811 is no longer relevant).
Personally, I believe the recent downside move has finished, and we should now start looking for buy opportunities. If the price retraces and holds above 6800, it could open the door for long entries and a continuation of the bullish move.
Summary:
• Resistance: 6826
• Support: 6800
• Bias: Bullish (Buy on dips)
• Key Events Tomorrow: NFP & PMI — expect high volatility
Disclaimer:
This content is for informational purposes only and does not constitute financial or investment advice. © DIBAPRISM
Amir D.Kohn
Reversal?Channel resistance reached
RSI resistance reached
Double 1D divergence on RSI
If something ugly is gonna happen, it's gonna happen now.
Fib levels to watch:
1.272 - likely bounce area
1.618 - classic reversal level for a correction after wave 5, but I don't see strong support there
2.0 - not a fib level, but February peak is there. Likely bounce area.
2.2 and 2.272 area - when 1.618 level breaks, price usually reaches it. They are all inside of 1M FVG. The correction can end there. Or not.
2.618 - the price can reach and overshot it. Another 1M FVG lies just below it.
All 2+ fibs match previous peaks very good. Sounds crazy, but a correction to 6000 area seems very probably now.
S&P500 resilient US data reignited riskRisk appetite returned to markets over the last 24 hours, with the S&P 500 rising +0.37% as stronger US data and optimism over a potential end to the government shutdown lifted sentiment.
The ADP private payrolls report surprised to the upside at +42k (vs. +30k expected), while the ISM Services index jumped to 52.4 (vs. 50.8 expected) with new orders at a 12-month high, easing fears of an economic slowdown after Monday’s weak manufacturing data.
The improved tone triggered a broad risk-on rally:
US HY spreads tightened (-9bps) for the first time in a week.
Bitcoin rebounded (+3.38%) after recent losses.
Asian equities followed through overnight, with the Nikkei up +1.48% and Hang Seng +1.61%.
Despite solid data, Treasuries rallied as markets priced a higher chance of a December Fed rate cut, sending the USD to its biggest 3-week drop.
In corporate news, SpaceX agreed to buy EchoStar’s AWS-3 spectrum licenses for $2.6bn in stock, while EchoStar booked a $16.5bn non-cash charge tied to its 5G network wind-down.
However, some valuation concerns are re-emerging — the “Buffett Indicator” now shows US equities worth over twice GDP, with total market cap around $72tn, underscoring stretched levels after a +36% rally since April lows.
Bottom line: The S&P 500 regained momentum as resilient US data reignited risk appetite and rate-cut hopes, though extended valuations remain a potential headwind.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
S&P500 pullback reaching pivotal zone at 6748The S&P 500 (+0.17%) eked out a small gain yesterday, but market breadth remained weak. The Magnificent 7 (+1.18%) continued to drive performance while the S&P 500 ex-Mag 7 (-0.30%) and equal-weighted index (-0.30%) both declined, highlighting the narrow leadership.
The main positive driver came from another AI-related deal—Amazon’s partnership with OpenAI, which boosted sentiment in large-cap tech. However, overall momentum was capped by soft economic data, hawkish Fed commentary, and concerns around a prolonged U.S. government shutdown, now matching the longest on record and set to surpass it by midnight.
Overnight sentiment turned weaker, with Palantir (-4% after hours) dragging tech sentiment lower after offering limited 2026 guidance despite solid results. Nasdaq and S&P futures are down -0.85% and -0.59%, respectively, and Asian markets are mostly lower, adding to the cautious tone.
Today’s focus:
Earnings: A busy session with results from AMD, Shopify, Uber, Pfizer, BP, and others, likely to shape sector moves.
Politics: U.S. state elections (New York mayoral, New Jersey and Virginia gubernatorial races) could test political sentiment but are unlikely to have major near-term market impact.
Outlook: Expect a softer start for the S&P 500 as tech momentum fades and macro uncertainty persists, with investor focus shifting to corporate earnings and central bank commentary for direction.
Key Support and Resistance Levels
Resistance Level 1: 6830
Resistance Level 2: 6857
Resistance Level 3: 6880
Support Level 1: 6748
Support Level 2: 6727
Support Level 3: 6707
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
$SPX Hi, we are back with another one: SP:SPX !!!
As we can see we have SP:SPX sitting at $6796.30 with and expectation for a 65% pump.
That would bring us around $9-$10K per 1 SP:SPX .
Wouldn't that be incredible if we can see this by 2026 -2028 ?
What a time to be alive no ?
Don't forget to comment like and share for good luck :) !!!
US500 maintains inherently bullish structureFundamental Analysis
US500 maintains an inherently bullish structure, trading above both EMAs. Q3 earnings were strong, with 83% of companies beating expectations and delivering 13.8% blended EPS growth, largely thanks to megacap tech/AI. However, the forward P/E ratio is high at 23.1x (above the 5-year average of 19.9x), signaling elevated valuations. The recent profit taking in high growth names like AMD and Nvidia due to margin concerns and macro headwinds (high rates/inflation) exposes this valuation sensitivity.
Technical Analysis
The index is currently pulling back from all time highs near 6,900, consolidating in a short term support zone of 6,750. Momentum is neutralizing with RSI approx 51.6, indicating a pause rather than a reversal. Key technical battleground: Resistance at 6,885 and 6,920 versus support at 6,750 and the EMA at 6,700. Consolidation is the most probable short term path.
Sentiment Analysis
Sentiment is cautious to slightly negative. The sharp correction in AI leaders (AMD, NVDA) has fueled "AI bubble" fears, overriding fundamentally strong earnings reports. There is a clear, broad sector rotation occurring as investors de-risk and take year end profits from high growth tech toward defensive/value plays. The market is currently driven by nervousness about sustaining premium valuations against persistent macro uncertainty.
Outlook
The near term outlook is moderately cautious. While the long term bullish trend remains supported by healthy corporate earnings, the market faces an inflection point driven by overvaluation concerns in the tech sector. Further short term volatility is expected as the market digests earnings nuances (like margin guidance) and awaits clearer signals on US monetary policy and inflation. A decisive break of the 6,750 support or 6,885 resistance will likely define the next directional move.
Analysis is by Terence Hove, Senior Financial Markets Strategist at Exness
US 500 - Has All the Good News Been Priced?After a volatile and nervy 5 days for US stock indices the week ended on a slightly more stable and positive footing.
In relation to the US 500 index this volatility saw it open on Monday November 3rd around 6885, trade down to a low of 6633 early on Friday November 7th, before rallying by over 1% late in the session to close the week at 6742. The driver for the rally was news that Democrats and Republican lawmakers had restarted negotiations to try and resolve what has become the longest US government shutdown in history.
This shutdown has been reported by Bloomberg to be costing the US economy around $15 billion per week in lost productivity and has stopped the release of key US economic data readings, leaving Federal Reserve (Fed) policymakers in the dark regarding the health of the US labour market (Non-farm Payrolls) and the direction of inflation (CPI/PPI/PCE). Two areas which are crucial in helping them decide whether they have room, or the need to cut interest rates again at their next meeting in December.
Perhaps unsurprisingly, after a jittery week where the lofty valuations of AI firms were called into question and weighed on the price of the US 500 index, traders may now be looking at whether a resolution to the shutdown, which would restart the economic data flow again ahead of the Fed’s next rate decision on December 10th could be possible, bringing with it a potentially much needed boost to flagging sentiment.
On Sunday, traders received the news that the Senate had moved closer to an agreement, an update which has helped the US 500 to register an early gain of 0.5% (6790 at 0700 GMT) to start this new trading week. However, even if the agreed bill is eventually passed by the Senate, it must be approved by the House of Representatives and signed by President Trump (Reuters), meaning there could be more volatility ahead for the US 500.
Technical Update: Conflicting Signals Within Weekly & Daily Perspectives
Since the October 30th all-time high at 6925, the US 500 index has slipped just over 4.2%, reflecting an unwind of potentially over-extended upside conditions.
Looking at the charts there appears to be conflicting technical signals between the weekly and daily perspectives at present, leaving the directional bias uncertain heading into the new week.
Upcoming sessions could offer clarity on whether the constructive themes emerging on the daily chart or the possibly negative developments evident in the weekly view may take control.
Weekly Chart – Potential Negative Outlook?:
Over the past three weeks, a possible Evening Star pattern has emerged on the weekly chart, a potentially negative development. Last week’s price weakness may have completed a sentiment shift, and if downside momentum builds, it could lead to further declines in the sessions ahead.
It remains to be seen whether this leads to further price weakness, but downside pressure may now build. If developed further, breaks below support at 6503, the October 2025 low could materialise, opening the door to a deeper phase of weakness toward 6214, a level equal to the August 2025 low, potentially even 6105, the 38.2% Fibonacci retracement of the April to October 2025 rally.
Daily Chart – Potential Positive Sentiment Shift?:
Following the recent sharp price decline, the daily chart presents a dilemma for traders, especially against the backdrop of a potentially negative weekly setup. Friday’s session initially extended recent downside moves but found support at 6647, the 38.2% Fibonacci retracement of the April to October rally. From there, fresh strength emerged, and the session closed near its opening level at the upper end of the day’s range.
Candlestick analysis suggests a potentially positive Dragonfly Doji has formed, hinting at an attempt to resume price strength. Confirmation is key, a positive candle on Monday, seen with a close above todays 6769 opening level, would offer weight to this pattern.
While not a guarantee of further upside, such activity might also see a close above resistance at 6779 (half the latest decline) a level at present being tested (0700 GMT), to potentially suggest a retest of 6925, the October 30th high.
Initially it is unclear whether the weekly or daily outlook will gain the upper hand in the US 500 index, but next week’s price action, especially the moves on Monday, could be important.
With the weekly chart hinting at a negative reversal risk and the daily chart showing signs of potential stabilisation, even possible positive risks, Monday’s candle direction may offer clues, and traders may be watching closely for evidence of the next directional themes.
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US500's Volatility ContinuesThe US500's volatility at this week is primarily driven by the reversal of the Artificial Intelligence (AI) rally that has propelled the index since April. The core of this weakness lies in the tech mega-cap stocks.
Fundamental Analysis
The market's structural support is encountering short-term uncertainty:
Valuation Concerns: Investors are questioning if the AI-fueled surge has gone too far, leading to profit-taking and caution, especially after a year of strong performance.
Data Vacuum: The longest US government shutdown in history continues to limit the release of key economic data, clouding the outlook for interest rates and injecting uncertainty into the market.
Corporate Fundamentals remain Solid: Despite the volatility, the underlying support is maintained by solid corporate earnings and the prospect of eventual Fed easing.
Technical Analysis
The US500 is currently undergoing a technical correction driven by sector shakeouts in tech, but strong underlying buying interest at key retracement levels suggests the medium-term bull market is technically intact. A move above 6,830 is required to resume the uptrend.
Key Levels
6,640 Psychological and short-term support area.
6,500 A decisive break below this level would warn of a deeper correction.
6,830 A sustained move above this level opens the door to new highs.
7,000 A major psychological level.
Outlook
The market is in a phase of necessary consolidation. While short-term volatility is high, the consensus view suggests fundamental weakness has not materialized enough to trigger a major crash.
Immediate Outlook: Expect continued choppy and volatility. The focus shifts to private economic indicators and any news regarding the government shutdown.
Longer-Term View: Analysts generally "don't see any big correction on the horizon" until year-end, as long-term investors continue to focus on solid earnings and the eventual benefit of lower rates.
Analysis by Terence Hove, Senior Financial Markets Strategist at Exness
SPX: AI valuation fears grip marketsWithout official US macro data, investors turned their eyes to AI valuations, considering its strong growth during the past years. Words like “AI bubble” are often used in the news in order to explain the current fear among investors regarding valuations of tech companies which are reaching historically highest levels. CEOs of largest US investment banks are openly speaking about expected corrections in the future period, of 10% to 20%, while the International Monetary Fund also expressed its concerns regarding such a course of action in the coming period. Moreover, there has also been the news spread that the most famous so-called “Big short” investor, Michael Burry, placed bets against Nvidia and Palantir, currently two most valued companies in the field of tech industry. It should be also noted that there are analysts and investors who see this short correction as a good buying opportunity.
For the second week in a row, US equity markets are in a corrective mode. The S&P 500 reached its lowest weekly level on Friday at 6.640, however closed the week a bit higher, at 6.728. The performance of companies included in the index is mixed. On one hand, Amazon had a very good week after quarterly results. Its cloud unit, AWS, delivered 20,2% y/y growth in revenue, surpassing estimates. The company announced a multiyear deal with OpenAI, of around $38B, and a rise in its full-year capex outlook to $125B. On the opposite side was Nvidia, which entered into corrective mode, due to concerns of high valuations, of 7,2% w/w. Tesla was also traded lower by 5,8%. Overall, semiconductor companies closed the week lower and were mostly driving the S&P 500 lower.
CEOs of large banks are openly commenting that the volatility should be expected in the coming period, as well as some corrections in valuations. This should be taken into account in the coming period. Certainly, some investors will see these corrections as buying opportunities.
Fed Overview: The Good and the Not So GoodDriven by an euphoric phase, the S&P 500 has approached 7,000 points, nearing its 2000 valuation record, with six consecutive months of gains without retracement.
The key question for investors is now clear: has the Federal Reserve provided enough justification for this confidence, or does Jerome Powell’s caution mark the beginning of the end of this euphoric phase?
1) A Fed slowing the pace without complacency
On Wednesday, October 29, the Fed announced another 25-basis-point rate cut, bringing the federal funds rate into the 3.75%–4.00% range. This is the second consecutive reduction, aimed at countering the labor market slowdown.
However, the FOMC vote revealed strong internal divisions: one member wanted a deeper cut, another preferred no change. This reflects the delicate balance between supporting employment and avoiding renewed inflationary pressure.
Another key signal: the Fed decided to pause its balance sheet reduction (quantitative tightening) starting December 1st, in order to preserve financial system liquidity, as credit markets show early signs of stress. Powell clarified that this pause does not imply a lasting return to an expansionary stance.
Finally, Powell cooled expectations for another rate cut in December, stating that “nothing is guaranteed.” Money markets now price roughly a 70% chance of a hold in December, down from nearly 90% odds of a cut before the meeting.
2) Between monetary realism and market excess
The Fed is not ruling out further easing, but it refuses to fuel a bullish rally in the S&P 500 that is now considered excessive relative to fundamentals.
Current valuations rely heavily on expectations of continued rate cuts. If that narrative weakens, the likelihood of a technical correction in the S&P 500 rises.
At this stage, however, the index has not yet signaled a reversal.
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SPX to 7450?Looking at the long term chart starting from the covid crash we can see 2 impulse of average 2650 pts and two retracement, so from the trump crash to 4800 we could see one last bullish impulse of around 2650 pts to target 7450 in autumn.
Now I expect a retracement to 5965-5970 area before last bullish impule
S&P 500 Index Showing Weakness – Correction Ahead?Over the past seven days, the S&P 500 index( SP:SPX ) has been on a bullish run, frequently hitting new all-time highs. However, in the last two or three weeks, it's been influenced by the ongoing tariff tensions between the U.S. and China .
Let's look at the latest news about the S&P 500 index :
The IMF has flagged that market valuations might be a bit high, hinting at possible corrections. Plus, there's been a fresh look at how well China’s sticking to the 2020 trade deal, and on top of that, a new trade agreement in Southeast Asia is in the mix. So that’s the quick rundown!
Right now, if we look at the S&P 500 on a 1-hour timeframe, the index is near its Resistance lines and has lost its uptrend line , which is a sign of weakening momentum .
We also saw a Shooting Star Candlestick pattern form in the last few hours with good volume, adding credibility to the potential for a pullback .
From an Elliott Wave standpoint, it seems the S&P 500 has completed its wave 3, and we might see a wave 4 correction in the coming hours or days.
There's a noticeable Negative Regular Divergence(RD-) between the recent tops , and even on the daily timeframe, there's a divergence signaling potential weakness.
I expect the S&P 500 could drop at least to its Support line , around the $6,857 .
Note: The cryptocurrency market, and especially Bitcoin , has been highly correlated with the S&P 500 index these weeks, and a possible correction in this index could lead to a correction in this market.
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.
1.6 FIB Ceiling - Stock market correction soon in NOV/DEC.You can apply 1.6 FIB to FAANG or QQQ for high probability ceilings. VIX "structure" (pattern) or setup also indicates it. Stocks forming a sharp "wedge drop", extension from 50dma.
Bullish near term (probably?), correction in NOV/DEC.
I wonder if the first 5 (monthly) trading days in NOV are not volatile AF. 😂
S&P500 Is it approaching the end of this Cycle?The S&P500 index (SPX) has been trading within a Bullish Megaphone pattern since the October 2022 bottom of the Inflation Crisis. Since the July 2024 High, it also entered a shorter term Megaphone and those two patterns resemble the 2016 - 2019 Megaphones that emerged straight after the 2015 E.U. crisis and China's slowdown.
As you can see, the 1W RSI sequences among the two fractals are also very similar and the Cycles seem to be repeated with the 1W MA50 (blue trend-line) acting as the Support in times of aggressive uptrends, while the 1W MA200 (orange trend-line) acting as the Support of the Bear Cycles/ correction phases.
The former Megaphone peaked in early 2020 on its 1.618 Fibonacci extension. On the current pattern that Fib is at 7100 and may very well get hit by the end of this year. If it does, the probabilities of a strong technical correction towards the 1W MA200 and the bottom of the long-term Bullish Megaphone, rise dramatically. Especially if at the same time, the 1W RSI turns overbought well above the 70.00 barrier.
It is also worth noting that 1W RSI levels below 35.00 are a strong technical Buy Signal. Long-term investors may seek to use this as a complimentary indicator in case this sharp correction materializes.
So do you think SPX will start correcting if it hits that level by early next year?
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S&P 500 Daily Chart Analysis For Week of Oct 31, 2025Technical Analysis and Outlook:
During the recent trading session, the S&P 500 Index continued its wild ride, highlighting the importance of our key target, which stands as an Outer Index Rally at 6946. Fluctuations between the Mean Support at 6815 and the Key Resistance at 6875 serve as a crucial threshold for market participants. This positioning suggests the potential for further upward momentum, as the prevailing trend indicates a well-structured Active Inner Rebound extension toward the target stated above.
Nevertheless, it is essential to acknowledge the possibility of a sustained and gradual pullback within the current Active Inner Rebound zone. Such a pullback may retest the Mean Support at 6815 and could decline further to the Mean Support at 6740 before ultimately resuming an upward trajectory.
More upside for SPX500USDHi traders,
Last week SPX500USD went up and made a correction down.
So next week we could see more upside for this pair.
Let's see what the market does and react.
Trade idea: Wait for the correction down to finish. After that look for an impulse wave with a correction down on a lower timeframe. After a change in orderflow to bullish you could trade longs.
This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.
But I react and trade on what I see in the chart, not what I've predicted or expect.
Don't be emotional, just trade your plan!
Eduwave
S&P Nearing Major Resistance (Update)This updates my previous S&P chart back last year showing the S&P still had room to run until any major resistance. We're nearing that major resistance at 7577. Looks like it might hit around January 2026.
The trouble is this trend is heating up and we needed a pullback to 6295. With all the excitement from Nvidia and other major Hyperscalers I'm worried it's going to just go straight to Major resistance. *If it does* we could be looking at a decently large pullback next year (finishing around August) down to that 6295 area and back into the supporting trend line for the next big uptrend to start.
If however we slow down here and get a pullback back to 6295 then I think we're good to make it over the major resistance without that big pullback next year.
Either way once we hit the major resistance at 7577 we'll need to get close to that lower trend line at some point to begin a new bull run.
Good luck and take caution as we approach this resistance!






















