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S&P 500 Index Near Key Resistance – Correction Ahead?Recently, the S&P 500 ( SP:SPX ) has seen some sharp moves with high momentum due to the tariff tensions between the US and China over the past couple of weeks. These moves have also impacted other correlated markets like cryptocurrency . In the past day, news came out that Trump is planning to meet the Chinese president on October 31st . With markets opening, the S&P 500 started to rise and is currently moving near a Resistance zone($6,734_$6,690) and close to its Resistance lines . From an Elliott Wave perspective, it seems that the S&P 500 is completing a microwave 5 of the main wave C , and the corrective structure looks like an Regular Flat(ABC/3-3-5) . I expect that in the coming hours, the S&P 500 index could drop at least to around $6,641(First Target) . Second Target: $6,611 Stop Loss(SL): $6,735 Note: The $6,641 level is quite important in the context of the recent rally and could act as both support and resistance for the S&P 500. A possible decline or fall in the S&P 500 index could also cause Bitcoin to decline (due to Bitcoin's high correlation with the S&P 500 index in recent 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:SPX500USDShort
by pejman_zwin
1
SPX Hourly Structure: Rotation From Demand Toward SupplySPX has been climbing steadily off the mid-October demand base near 6,600–6,620, an area that absorbed multiple downside attempts over the past week. The current advance has now retraced the prior swing decline almost in full, reaching into the 0.886–1.0 Fibonacci zone near 6,720–6,736. This region also overlaps with a prior overhead supply zone (≈ 6,740–6,760) that capped the early-October highs. That confluence makes this area a potential battleground between recovering buyers and residual sellers from the last breakdown. Key structural notes: Demand zone: 6,600 – 6,620 remains the short-term pivot for support. Fib confluence: 0.786 – 1.0 zone aligns with prior rejection levels. Momentum: Positive but flattening, hinting at possible consolidation if supply reacts. Watching how SPX behaves inside this upper band will reveal whether the current move is part of a larger trend resumption or simply a retest within a range. — Volatility Structure Notes Educational analysis of SPX structure, supply/demand, and volatility context.
SP:SPX
by ebsmith2018
1
SPX500 – Overview | Bearish Pressure Below 6,699SPX500 – Overview | Bearish Pressure Below 6,699 U.S. stock futures opened the week flat, as easing U.S.–China trade tensions offered some relief to markets. Investors are now turning their focus to a busy earnings week and upcoming inflation data, while diplomatic meetings between U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng aim to further defuse tensions ahead of a potential Trump–Xi summit later this month. 🕯 Technical Outlook SPX500 remains under bearish momentum while trading below 6,699, targeting 6,670 → 6,633 → 6,610. If the price closes a 1H candle above 6,716, it would shift momentum bullish, with upside targets at 6,754 and beyond. Pivot: 6,699 Support: 6,670 – 6,633 – 6,610 Resistance: 6,716 – 6,731 – 6,755
OANDA:SPX500USDShort
by SroshMayi
Or is this profit-taking ahead of year-end rebalancing?Or is this profit-taking ahead of year-end rebalancing? 1. US500 has reclaimed multiple EMAs, but price is still rotating around them—signaling range conditions and a wait for a clear break. With price hovering near the range top, the pullback is possible to extend consolidation or even shift to downtrend. 2. Failure to clear 6700 risks a roll-over beneath the EMAs toward 6500 support. 3. However, a decisive break/close above the 6700 swing high would confirm upside continuation and reopen the uptrend. 4. Equities investors paused ahead of big earnings and a delayed inflation print that could drive moves later this week. Markets were still nursing losses from bank-stress jitters, though solid U.S. regional bank results briefly calmed volatility. 5. Goldman Sachs said hedge funds sold U.S. equities at the fastest pace since early April, led by shorts in Macro Products and single names. U.S. ETF short interest saw its biggest jump in 5+ months, ending a seven-week net-buying streak. 6. Therefore, the failure to make a new high may signal profit-taking pressure, and the price could fall further as we approach year-end. Analysis by: Krisada Yoonaisil, Financial Markets Strategist at Exness
CAPITALCOM:US500Short
by KrisadaYoonaisil
SPX | DAILY ANALYSIS #6Hello and welcome back to DP. Let’s kick off the weekday together by analyzing the **S&P 500 Index (SPX)**. 🟠 Market Overview Previous Close: 6692.50 Current Daily Range: 6678.00 – 6705.80 Asia Session High: 6705.80 Asia Session Low: 6678.00 The index has seen significant selling pressure over the past week. She broke below the previous demand zone at 6715–6700, forming a new demand zone between 6680–6665. This could suggest: * Sellers are gaining momentum, OR * Short positions were liquidated to make room for new entries. 🔵 Key Levels to Watch Resistance Zone (Upside Target): 6711 – A break and hold above this level could lead to a test of 6735 and potentially new highs near 6755. Support Zone (Blue Box): 6680 – 6665 – This is a critical support zone. If broken, we may see the index fall toward: First Support (Yellow Box): 6645 Deeper Support Zone: 6620 – 6605 If the 6680 zone holds and we see bullish confirmation (e.g., strong buying wicks, volume spike, or bullish engulfing candle), buyers may regain control and push the price back up toward the 6710–6730 range. 🧠 Trading Outlook Bullish Bias Above: 6711 Bearish Bias Below: 6680 Neutral Zone: 6680–6710 (watch for consolidation or fakeouts) 📌 Note: The current structure suggests we are at a decision point. Be patient, wait for confirmation, and manage your risk accordingly. Take care and have a great trading day! For informational purposes only – not financial advice. © DIBAPRISM Amir D. Kohn
OANDA:SPX500USDShort
by DibaPrism
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.
FXOPEN:SPXM
by FXOpen
SPX: Markets have spokenThe previous week continued to be volatile on US equity markets, after the Fridays sell off, two weeks ago. It seems like with all uncertainties coming from the US Government, the market took the time and said: it's enough. This was especially evident on intraday trading, where values of equity indicators were moving from highly negative to highly positive. It seemed like there was no direction in trading. Eventually, the Friday trading session ended up in a positive territory, where the S&P 500 closed the week at 6.664 or 0,5% higher for the day. In order to save the day, the US President commented shortly on Friday on social networks, that 100% tariffs on imports from China is not sustainable. Previously, Fed Chair Powell noted at NABE Conference that further cuts are still an option in the future period, but it will depend on data. At the same time, the US Government continues to be in the state of “shutdown”, not providing any relevant macro data. Both investors and the Fed are currently acting in a sort of blindfolded territory. Nvidia was especially under pressure during the previous week. The only positive day for the stock was Friday, where the share price increased by 0,78%, but still marking negative territory for the second week in a row. Shares of Apple surged by 1,96% on Friday after the announcement of a contract between Apple and Formula 1 over five-year exclusive U.S. media-rights with Formula 1, starting from 2026, under which Apple TV will become the sole U.S. broadcaster of all F1 races. On the other hand, the semiconductor industry has not experienced such a high volatility. The TSMC delivered a standout performance, topping earnings expectations and raising its guidance, through which the company fuelled investors' confidence. Without official macro data, the week ahead will be another one which will be guided by fundamentals and/or announcements from the US Administration. It means that markets are going to stay within the “yellow” zone. Analysts are commenting that this zone does not mean that the market will switch to the red zone and significant correction, but only that they are currently highly alerted.
SP:SPX
by XBTFX
US500 rallied despite lingering risks of regional banks stress Fears surrounding regional banks that rattled markets quickly faded, as reassuring earnings results and President Trump’s conciliatory tone toward China restored investor confidence. Earlier this week, Zions Bank and Western Alliance Bank reported losses tied to loan fraud, reviving fears reminiscent of the Silicon Valley Bank collapse. However, stronger-than-expected earnings and limited signs of credit deterioration reassured investors and eased market jitters. Moody’s noted that while concerns over bad loans persist, there is little evidence of systemic risk. They added that regional banks’ key health metrics remain solid. US500 briefly tested the support at 6530 before approaching the resistance at 6700 again. The index remains above bullish EMAs, indicating a potential extension of bullish momentum. If US500 closes above 6700, it may gain upward momentum toward the next resistance at 6800. Conversely, if it closes near EMA21, the index may retreat toward the next support at 6530.
CAPITALCOM:US500
by inkicho_exness
Weekly Trading Opportunities | October 21–25 • Monday: China GDP data China’s third-quarter GDP report will be closely watched as growth is expected to slow to 4.8% year-on-year from 5.2% in Q2. Slowing growth in China could reduce demand and prices for commodities. A surprise upside could support commodity prices. • Tuesday: Coca-Cola and Netflix earnings. Earnings season continues with Coca-Cola, Netflix, and others including Tesla, IBM, and Intel. Strong results could offset soft U.S. data and help reignite the risk-on environment. • Wednesday: U.K. inflation data and Tesla earnings U.K. inflation is expected to edge back toward 4%. A softer reading could boost U.K. equities and pressure the pound. • Thursday: Intel earnings • Friday: U.S. CPI report With the U.S. government shutdown entering its fourth week, the CPI release remains the week’s key data point. A hotter print could lift the dollar.
TVC:SPX
by BlackBull Markets
SPX: S&P500 An Economical Reset Again?Technically, the chart is vivid and self-explanatory. The RSI (14) is implicating an obvious Negative Divergence before the last downturn and the chart recent structure. The US treasury has no other option but printing more and more bucks, or cutting the interest rates. I don't know any other financial instruments. Fundamentally, no market structure can soar or fall eternally. I have had a look on BTC and Gold Futures. Gold has some room during the coming years. Yet, regarding bitcoin, according to futures I prefer not to be too optimistic. The implications at the moment are only some assumptions and the future remains a uncertain. This is a systematic luck guess and bet. We have several barometers and tools based on which we can Approximate the possibilities through a few scenarios and nothing more. Eventually, we need to check those factors and barometers and practice several reasonable scenarios on our capital. This is not a financial advice, but it is a serious warning against perils if an over-financialization phenomenon following almost a century from that black era of high unemployment and economical downturn that the US experienced in 1930s. DYOR Please like and follow and have your comments inhere.
SP:SPXShort
by Morteza-Emzajerdi
2
S&P 500 Bear Market in 2026The Stock market is going to send Crypto into a Bear market in 2026. It just broke it's weekly cycle count and it's currently painting a bullish divergence. This means only one thing - we are going into a blow-off top within the next 2 months. We are going to top above 7000 area, and in case we don't have a proper retracement into the Weekly Cycle low within November, we are going to make a blow-off top in December/January. 2026 Year will be profit taking year and the stock market is expected to retrace 20%, while Bitcoin will go down by more than 50%. It's the last leg of the bull and it's time to get allocated in the market.
TVC:SPXShort
by TheStrategyMaster
Market Pulse: Cracks in the Bull?We kick off the week with the S&P still riding its two-month uptrend, supported by the 55-day MA at 6541. But signs of fatigue are emerging. 📉 Amazon is slipping below its 200-day MA 📊 NVIDIA’s recent high at 195.62 hovers near the 197 Fibonacci extension and the 200 psychological level Technically, the uptrend holds—and if 6765 the recent high breaks, the bull may charge on. If the 55-day MA erodes, brace for a correction. 🔍 Keep chart levels in focus 📌 Tighten stops ⚠️ Not investment advice #TechnicalAnalysis #SP500 #Amazon #NVIDIA #MarketUpdate #TradingStrategy #RiskManagement #Fibonacci #BullMarket #ChartWatch #FinanceTwitter #LinkedInFinance
SP:SPX
by The_STA
Reserve Currency Dominance: Mechanisms, History, and Future OutlIntroduction In the complex fabric of the global economy, the concept of reserve currency dominance plays a crucial role in shaping international trade, finance, and geopolitical power. A reserve currency is a foreign currency that central banks and major financial institutions hold in large quantities for international transactions, investments, and to stabilize their own currencies. Dominance in reserve currency status means that one currency—historically the U.S. dollar—acts as the world’s primary medium of exchange, store of value, and unit of account in the global financial system. Reserve currency dominance is not merely a matter of economics; it embodies political influence, military strength, and institutional trust. Over time, it has dictated global trade patterns, shaped capital flows, and influenced monetary policy decisions across nations. This essay explores the evolution, mechanisms, and implications of reserve currency dominance, with particular focus on the U.S. dollar’s supremacy and emerging challenges in a multipolar world. Historical Evolution of Reserve Currency Dominance The concept of a reserve currency is centuries old. Historically, the dominant reserve currency has always been associated with the world’s leading economic and military power. During different eras, currencies such as the Venetian ducat, Spanish silver real, Dutch guilder, and British pound sterling held global reserve status. Each period of dominance reflected the geopolitical and economic influence of the issuing nation. 1. The British Pound Era (19th to early 20th century) During the 19th century, the British Empire’s global reach made the pound sterling the leading reserve currency. London emerged as the world’s financial capital, and the gold standard provided monetary stability. Nations held pounds because they trusted Britain’s financial institutions and its vast trade networks. The sterling system symbolized confidence, liquidity, and convertibility into gold. 2. Transition to the U.S. Dollar (Post-World War II) World War II shifted the economic balance of power. The United States emerged as the world’s industrial powerhouse, holding the majority of global gold reserves. The Bretton Woods Agreement (1944) institutionalized the U.S. dollar as the world’s primary reserve currency, pegged to gold at $35 per ounce. Other currencies were pegged to the dollar, effectively making it the world’s anchor currency. 3. Post-Bretton Woods and Dollar Supremacy In 1971, President Richard Nixon ended the dollar’s convertibility to gold, marking the collapse of Bretton Woods. Yet, the dollar retained its dominance due to the Petrodollar system, in which oil prices were denominated in dollars, and the global reliance on U.S. financial markets. The U.S. economy’s depth, liquidity, and stability continued to attract foreign reserves, even without a gold peg. Mechanisms Sustaining Reserve Currency Dominance For a currency to dominate global reserves, several interlinked mechanisms must operate effectively: 1. Economic Scale and Stability A dominant reserve currency is typically issued by the world’s largest and most stable economy. The United States accounts for a significant share of global GDP and trade, providing the dollar with a vast network of transactions. Economic scale ensures that the currency is widely used and trusted. 2. Deep and Liquid Financial Markets Reserve currencies require large, stable, and liquid financial markets. The U.S. Treasury market, for example, is the most liquid in the world, allowing investors and central banks to buy and sell assets without major price fluctuations. The reliability of these markets gives central banks confidence in holding dollar-denominated assets. 3. Institutional Trust and Rule of Law The credibility of the issuing nation’s institutions—its central bank, judiciary, and regulatory bodies—is vital. The U.S. Federal Reserve and the country’s legal system offer transparency, predictability, and strong investor protections. This institutional trust is a cornerstone of reserve currency dominance. 4. Network Effects Once a currency becomes dominant, it benefits from self-reinforcing network effects. Global trade, finance, and commodities become priced in that currency, making it more convenient and efficient for countries to hold it as reserves. The more it is used, the more valuable it becomes for global participants. 5. Geopolitical and Military Influence Reserve currency dominance often parallels military and political power. The U.S., through its global alliances and defense capabilities, has maintained a secure international environment that underpins confidence in its currency. Countries tend to hold the currency of a politically stable superpower rather than that of a regional or unstable state. The Dollar’s Global Dominance The U.S. dollar remains the world’s undisputed reserve currency, despite growing talk of diversification and de-dollarization. According to the International Monetary Fund (IMF), roughly 58% of global foreign exchange reserves are held in U.S. dollars (as of 2025). The euro follows with around 20%, while other currencies such as the Japanese yen, British pound, and Chinese yuan make up smaller portions. 1. Role in Global Trade Approximately 80% of global trade transactions are invoiced in U.S. dollars. Even countries not directly trading with the U.S. use the dollar as a reference currency. This global acceptance simplifies pricing, invoicing, and payment settlements. 2. Dollar in Financial Markets Global commodities—including oil, gold, and agricultural products—are predominantly priced in dollars. Additionally, international debt issuance and cross-border banking rely heavily on dollar-denominated assets, reinforcing the greenback’s global reach. 3. U.S. Treasury Securities Central banks hold U.S. Treasury bonds as a primary form of reserves due to their safety and liquidity. During times of crisis, investors typically rush to U.S. assets, further strengthening the dollar’s position—a phenomenon known as the “flight to safety.” Benefits of Reserve Currency Dominance For the United States, reserve currency dominance brings numerous advantages that few other nations enjoy: 1. Lower Borrowing Costs Because global demand for U.S. Treasury securities remains strong, the U.S. government can borrow at lower interest rates. This allows America to finance large fiscal deficits with relative ease—a phenomenon referred to as the “exorbitant privilege.” 2. Global Influence The dollar’s dominance gives the U.S. substantial geopolitical leverage. Economic sanctions, trade restrictions, and financial controls imposed through the dollar-based system can effectively isolate nations from global finance. 3. Economic Stability Global demand for dollars helps stabilize the U.S. economy by attracting continuous capital inflows. The dollar’s safe-haven status often cushions the U.S. from financial turbulence affecting other economies. Costs and Risks of Dominance While reserve currency dominance offers power and privilege, it also entails structural challenges: 1. Trade Deficits To supply the world with dollars, the U.S. must run persistent current account deficits. This structural imbalance, known as the Triffin Dilemma, means that the U.S. must provide global liquidity even at the cost of domestic imbalances. 2. Policy Constraints Because of the global demand for dollars, U.S. monetary policy has international consequences. Interest rate hikes or cuts by the Federal Reserve can trigger capital flows, currency fluctuations, and inflationary pressures across emerging markets. 3. Financial Overdependence Excessive global reliance on the dollar creates vulnerabilities. Any disruption in the U.S. financial system—such as the 2008 crisis—spreads rapidly worldwide. The dollar’s centrality amplifies systemic risks. Challenges to Dollar Dominance Although the dollar remains unrivaled, several forces are gradually reshaping the reserve currency landscape. 1. Rise of the Euro The euro, since its introduction in 1999, has become the second most held reserve currency. The European Union’s large economy and integrated financial systems support its use, though political fragmentation and lack of a unified fiscal policy limit its potential to dethrone the dollar. 2. The Chinese Yuan (Renminbi) China’s yuan has been gaining recognition, particularly after its inclusion in the IMF’s Special Drawing Rights (SDR) basket in 2016. The Belt and Road Initiative (BRI), expansion of the Cross-Border Interbank Payment System (CIPS), and increasing yuan-denominated trade have supported China’s long-term ambitions for currency internationalization. However, capital controls and limited market transparency remain major obstacles. 3. Digital Currencies and CBDCs The emergence of Central Bank Digital Currencies (CBDCs) and blockchain-based payment systems presents potential alternatives to traditional reserve systems. China’s digital yuan, for example, aims to reduce dependency on the dollar-dominated SWIFT system. Similarly, discussions of a BRICS currency or digital gold-backed instruments indicate growing interest in multipolar monetary frameworks. 4. De-dollarization Trends In recent years, several nations have diversified their reserves away from the dollar. Russia, China, and members of the BRICS alliance have increased holdings of gold and other currencies. Moreover, countries are exploring bilateral trade in local currencies, particularly in energy and defense sectors. Future Outlook: Multipolar Currency Order The global financial architecture is gradually shifting from unipolar to multipolar. While the dollar’s dominance will likely continue in the medium term, structural trends suggest a slow diversification of global reserves. Short-term outlook (2025–2035): The dollar will remain dominant due to trust, liquidity, and institutional strength. Alternative systems may gain traction but won’t replace the dollar outright. Medium-term outlook (2035–2050): A multipolar system may emerge with the euro, yuan, and possibly digital assets sharing reserve functions. The share of the dollar could decline to around 40–45%. Long-term outlook: Global reserve systems may evolve into digital or commodity-backed models, reducing dependence on any single national currency. The rise of blockchain-based settlement systems may redefine monetary sovereignty and financial autonomy. Conclusion Reserve currency dominance has always been a reflection of global power structures—economic, political, and institutional. The U.S. dollar’s supremacy, forged after World War II, remains the cornerstone of the modern financial system. Its strength lies in America’s vast economic capacity, transparent markets, and geopolitical influence. Yet, this dominance is not guaranteed forever. As the world transitions toward multipolarity—with the rise of China, the European Union’s consolidation, and the emergence of digital currencies—the foundations of the dollar-based order are being tested. While no alternative yet offers the same combination of trust, liquidity, and stability, the long-term trajectory suggests a gradual diversification of global reserves. Ultimately, the future of reserve currency dominance will depend not only on economic fundamentals but also on technological innovation, geopolitical cooperation, and the resilience of global financial institutions. The dollar’s reign may persist, but the seeds of a new, more balanced monetary order are already being sown.
SP:SPXEducation
by GlobalWolfStreet
This could be a big Triangle on SPX500USDHi traders, Last week we saw a correction up and more downside for SPX500USD just as I've said in my outlook. On Friday it went up again so the corrective pattern could be a Triangle. In that case next week we could see another correction down and after that up again. Let's see what the market does and react. Trade idea: Wait for the finish of this bigger correction. Trading inside a Triangle is a sure way to lose. 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
OANDA:SPX500USD
by EduwaveTrading
US500 (S&P 500) Technical Forecast: At a Critical Crossroad🎯 US500 (S&P 500) Technical Forecast: At a Critical Crossroad The US500 trades at 6,672.1, testing a major technical confluence. Our analysis points to a tense equilibrium between bulls and bears, with the next directional move set for a significant breakout. 📊 Multi-Timeframe Synthesis & Market Structure Daily (Trend Bias): The long-term trend remains cautiously bullish above the 6,600 support (50 EMA & prior resistance break). However, price action is compressing, indicating a loss of momentum and a potential coiling for a volatile move. 4H & 1H (Swing Setup): A potential Double Top pattern is forming, with the neckline near 6,640. The 4H RSI shows a pronounced bearish divergence, signaling weakening buying pressure. This is a primary warning for swing traders. Intraday (15M/5M - Precision): Immediate resistance is firm at 6,690 - 6,700 (psychological level). Support sits at 6,660. A break below 6,660 targets the 6,640 neckline. The 5M Anchored VWAP is capping rallies. 🧠 Key Technical Narratives & Theories Elliott Wave & Wyckoff: The structure from the last low suggests we may be in a complex Wave 4 correction or the final phase of a Wyckoff distribution (Upthrust After Distribution). A break below 6,640 would confirm this bearish narrative. Gann & Harmonic Levels: Key Gann support converges with the 0.382 Fibonacci retracement level near 6,620-6,630. This is the next major target if sellers overpower the 6,640 level. Ichimoku Cloud: On the 4H chart, price is trading within the Kumo (cloud), indicating a loss of trend direction and a battleground between buyers and sellers. ⚖️ Momentum & Volume Assessment RSI (14): Reading 49 on the 1D, neutral but bearish-diverged on lower timeframes. Bollinger Bands (20): Price is hugging the middle band, and bands are squeezing, indicating a period of low volatility that often precedes a high-volatility expansion. Volume & VWAP: Recent attempts to push higher have been on declining volume, a classic sign of a potential bull trap. Anchored VWAP from the recent swing low is now resistance. 🛠️ Trade Plan & Levels Swing Short Idea: Sell on a confirmed break below 6,640 (close on 1H), targeting 6,620 and then 6,580. Stop loss above 6,710. Intraday Short Idea: Sell on a break below 6,660 or rejection from 6,690, targeting 6,640. Stop loss above 6,705. Intraday Long Idea: Only consider buys on a strong break and hold above 6,700 with rising volume, targeting 6,730. Stop loss below 6,680. 💡 The Bottom Line The US500 is showing cracks in its bullish armor. The burden of proof is on the bulls to reclaim 6,700. Until then, the path of least resistance appears to be lower, with a break of 6,640 likely triggering a deeper pullback. Manage risk carefully in this volatile setup. Disclaimer: This is technical analysis, not financial advice. Trade at your own risk.
PEPPERSTONE:US500
by sunya
S&P 500 Daily Chart Analysis For Week of Oct 17, 2025Technical Analysis and Outlook: Last week's trading session was marked by significant volatility in the S&P 500 Index, which experienced pronounced price fluctuations following its descent to our established Mean Support level of 6550. This level served as a critical point for market participants, triggering a series of rapid buying and selling activities that contributed to the index's overall gyrations. At present, the index is positioned just below the newly established Mean Resistance level of 6671, which indicates the potential for further upward momentum, as this trend suggests a Well-built extension to the subsequent Mean Support level of 6550. Contrariwise, it is essential to acknowledge and be aware of the emergence of the unexpected market drop to the Mean Support 6550, 6485, 6371, and the Key Support level of 6240. Additionally, it's crucial to take note of the Auxiliary Inner Rebounds occurring at these critical points.
SP:SPX
by TradeSelecter