Bullish bounce off pullback support?S&P500 (US500) is currently on the pivot which is a pullback support and could potentially bounce to the 1st resistance level which is also a pullback resistance.
Pivot: 5,505.68
1st Support: 5,450.16
1st Resistance: 5,578.02
Risk Warning:
Trading Forex and CFDs carries a high level of risk to y
US500 - Structure Analysis - Time For CorrectionUS500 - Structure Analysis - Time For Correction
US500 reached all time high at 5670.
Later we can see that the price began creating some small structure zones.
Considering that we are in the ER month many companies are reporting their Earnings and it looks like many sectors are struggling consid
S&P500 - Was this already the all time high?SP:SPX is still massively bullish on the smaller timeframes despite retesting strong resistance.
Sometimes trading can be soo simple but yet rewarding. You simply have to buy the S&P500 at support and sell your position at resistance. At the moment, the S&P500 is once again retesting a resistanc
SPX500#SPX500 - H1
📣 Looking at the 1-hour timeframe, with a breakout of the conversion level around 5593, we can expect the index to rise towards the 5670 zone.
⛔️ Stop loss: 5540
On the other hand, a break below the 5540 zone could signal an opportunity to short the index with a target of 5450.
⛔️ S
Why Using Charts Can Help You with Your TradingImagine you've decided to buy a particular stock. Your position starts to make money, and you're thrilled. But what do you do now? Should you hold onto your position or cash it in? Has it made enough profit, or will it go further? It's painful to lose money, but it's also frustrating to take profits
SPX broke the trend line with a gap. Time to sell rallies?Since April, the SPX has risen around 15%, and since November's low, it has increased by almost 40%.
This is quite significant for such an index, making us wonder if this rise is fundamentally justified (in my opinion, it is not).
But, as they say, "trade what you see, not what you think".
What w
S&P500 INDEX (SPY) Bearish Rally Continues✅I have observed a clear breakout in the structure of the 📉S&P500 Index.
The price has dropped below an important daily support level and has not been able to recover.
Upon retesting the broken structure, there has been a noticeable bearish response.
I believe that the decline will persist.
The
S&P500 - The beginning of the bear market?SP:SPX potentially created a top and is starting to head lower for the next months.
We have patterns, cycles and market structure and if everything is lining up nicely, there is a high chance you will be right. The S&P500 is currently retesting a major multi-year resistance trendling, is startin
Major S&P 500 - Fibonacci Time CycleWithin the last 26 years the largest July to October S&P 500 – decline occurred after the July 1998 top. That decline into October 1998 was 22.50%.
The next largest drop happened in 2011. The July 2011 peak was marginally below the May 2011 top. The decline from July to October 2011 was 20.80%.
SPX swing longIf a low is forming here we should be close to it now.
Here’s an SPX trade that has high RR and can perhaps work without much active management if we head into a squeeze.
Long 5398
Stop 5336
Target 5989
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Frequently Asked Questions
S&P 500 Index reached its highest quote on Jul 16, 2024 — 5,680.4 USD. See more data on the S&P 500 Index chart.
The lowest ever quote of S&P 500 Index is 666.3 USD. It was reached on Mar 6, 2009. See more data on the S&P 500 Index chart.
S&P 500 Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy S&P 500 Index futures or funds or invest in its components.