US500RSI indicates Bearish Divergence. Which means that at any time the market trend can change to LL and LH. Shortby SohailChaudhary1
SPx (Still or Yet...)SP500 Index Forecast The price continues to attempt a correction towards 5281 as long as it trades below 5320. However, overall stability above 5325 would indicate a continuation of the bullish trend towards 5360 and beyond. The bearish scenario will be activated if the price breaks below 5281 and 5266. Pivot Line: 5313 Resistance Levels: 5325, 5340, 5357 Support Levels: 5281, 5263, 5227 Today’s expected trading range is between the support 5264 and the resistance 5370. Meanwhile, U.S. rate futures indicate a 3.6% probability of a 25 basis point rate cut at the June FOMC meeting and a 22.8% chance of a similar cut at the July policy meeting.by SroshMayi6
SPX - Enjoy the rally while it last!For those who have been here since 2022 early 2023 when there was so much fear in the market and we called the market had bottomed. I think it was the right call, even though we had a lot of naysayers. Now I think we are nearing the end of this rally which I estimate will be sometime in February 2024. I have two outcomes the green line below which I highly favor and believe that is the path and the grey line which is definitely possible but unlike in my opinion due to election year. Also it looks like we are following the cup and handle. I have also explained in my other ideas why I think we are like in 1990 and 2012 (base on the fear). If the grey line happens, Biden loses the election guaranteed so I am certain the fed will hold the stock market at least until after the election. Give a like if you find helpfulLongby BlackisKingUpdated 272732
S&P500 is benefiting from the bearish momentum on DXYHey Traders, in today's trading session we are monitoring US500 for a buying opportunity around 5250 zone, US500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5250 support and resistance area. Trade safe, Joe.Longby JoeChampion4
Add long SQQQ May 31st $10.50+ Calls HereI bought long SQQQ $10-$10.50 May 24th to 31st calls this morning, if we hit 5400 i'll add. The VIX is bouncing as suspected at $12 and the S&P500 wants to dip below and confirm a 5300 fake out which was my bias and the DOW (DJIA) wants to do the same at 40k bitcoin is faking out above 67500 into an expanded flat pointing to my 63,300-63,500 short term short trajectory Shortby candlestickninja2
The US500 is very interesting right nowThe index has made the abc correction I expected. This is a necessary abc drop to start reaching new heights. One of the most important things to understand when looking to buy various popular stocks. Also applies to Bitcoin. PS this index is designed to go up forever, at least as long as we exist on this planet. Pure logical thinking.Longby MoralDiscipleUpdated 4412
SPX: And Mrs. Market says not yet!!Well, my previous idea for a higher degree wave 4 got busted! Market is not ready to be bearish just yet. On Friday we got a breakout from the trendline resistance and retest. Next week we should expect a move upwards toward the next resistance at 5402. However, it seems like Market is poised to run towards the 1.236 fib extension of waves AB which is also around the 0.618 fib extension of Primary waves 1 and 2. If the contracting diagonal theory is correct, then that would be an area of interest to see the market turn for a bigger correction. If market decides to blow through those levels, then we need to rethink this whole count and maybe get even more bullish. For now, still looking for a higher degree top and a good 25%-30% correction in the next few months. Longby mukit13
Long - Term S&P 500 - Elliott Wave Count -05/17/24The SPX appears to be in the mid phase of an Elliott wave Expanding Flat. If a peak is made it will be labeled as Primary wave “B”. The next move could be a multi-month drop to at least the October 2022 bottom. A Common Fibonacci relationship between wave “B” and wave “A” in an Expanding Flat is wave “B” 1.382 the size of wave “A”. The January 2022 to October 2022 decline – Primary wave “A” was 1,327.04 points. 1,327.04 x 1.382 = 1,833.97 added to the October 2022 bottom of 3491.58 targets SPX 5,325.55. The SPX high on 05/16/24 was 5,325.49. The weekly RSI has a significant bearish divergence vs. the March 2024 peak. Please note this is similar to what happened at the January 2022 peak. The SPX could be on the verge of a multi- month decline. Shortby markrivest11
This is and has been my wave count as a TOP115% short now The posted best reflects my view within the wave structure . as The VIX has entered the 12.74/12.4 For months I been calling for two targetin the based on 2000 peak and the 2007 peaks they were 5261 gann 2000 peak of 1555,5 and 2007 peak 5331 I am net long puts in qqq and spy till I see otherwise by wavetimer229
S&P 500 FORECASTThe current bearish trend is projected to reach 5280 and 5266 if the price remains below the pivot point at 5300. However, if it breaks above 5300, confirmed by a 4-hour candle closing above this level, it could potentially target higher levels at 5311, 5328, and then 5345. Key Levels: Pivot Line: 5300 Bullish Lines: 5311, 5328, 5345 Bearish Lines: 5280, 5266, 5220by RojBarwari2
SPX Bull Until ElectionIf you follow the election cycle S&P 500 usually is in a bullish trend until the election is over. At that point it can have up to a 40% correction or a 50% continuation. Bush Jr inherited the Dot Com bubble and then ended his term with the 2008 Financial Crisis.Longby RCON1
John Law would be proudSPX going to the moon. all bets are off and the FED will inflate SPX baby to the moon. there is no way back now. REAL interest rates will never be positive again. Fed will take the path of least resistance which means we will pump stocks too the moon. There is no free lunch so the price of a cup of coffee will be $50 soon. I'll tell you a secret ... free markets do not exist. communism is everywhere. The Fed is the cental planner... and the plan is to inflate this baby to the moon until it dies. like a heroin addict Overdosing. yeah baby. Longby RogueCleaner223
Hellena | SPX500 (4H): Long to resistance area 5282.3. Dear colleagues, I assume that the upward movement in the senior wave “3” will continue, but after a small correction, presumably to the area of 50% Fibonacci level 5117.0 . Then I assume the continuation of the upward movement to the resistance area 5282.3. Manage your capital correctly and competently! Only enter trades based on reliable patterns!Longby Hellena_TradeUpdated 6613
New all time highs in MaySPX is heading to new all time high by May 21. Invalidated if breaks below Apr 19 low.Longby AlbCMUpdated 556
Fib LevelsNot even gonna guess how high will it fly. Got higher than we expected already. Smoked bears, gone into hibernation. Here are the fib levels for your consideration. Notice price approaches the top Bolly Band. Not a lot of room left to squeeze but it could pump higher. Not overbought yet. Short when it gets there. Bewary.by DaddySawbucksUpdated 2216
S&P500 INDEX (SPY) Bullish Rally Continues S&P500 broke and closed above the resistance based on the all time high. It opens a potential for a further bullish continuation. I will expect more growth at least until FOMC on Wednesday. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader114
Watch Us Trade A Bear (or Bull for those in denial) MarketWe firmly believe that the major stock indexes have a very dire Macro outlook. We will not go into details here (see our other posts) but with the market heading for a downturn we thought it would be awesome to show other small retail investors (thats what we are) that there is nothing to fear. Well nothing to fear other than blowing up your account- we do not plan to do that though lol. Ok so we are going to keep this simple. Here goes: -We are going to take a small $500 account and grow it -We will only trade stocks, etfs, etc- NO OPTIONS TRADING -We will post a screenshot of our real positions- wins AND losses -We will chart the positions on trading view so we can track the progress in real time BTW- the screenshots are all the proof we will provide that the trades are real. We dont care if someone thinks its fake And thats it... We will begin at market open on 05/14/24 by Heartbeat_TradingUpdated 15
S&P 500 ATH in Q1 on even yearsIn every even year S&P 500 reaches its ATH in Q1, which is followed by rapid and deep decline. Why can it crash? Look how similar S&P 500 behaviour between May 1986-December 1987 and October 2022-February 2024. The 1987 crash started on the way from 1.414 to 1.618 fibo. If the S&P 500 hasn't already topped on Feb 2 with a value of 4975, then the price range between the Fibonacci levels of 1.414 (5025) and 1.618 (5235) is the potential topping zone. From February 2 to mid-March, the peak is expected to occur. I'm not saying we will definitely crash, but a significant downward movement is anticipated soon. Basic scenario bottom: 4250-4500 Mid March - Mid May Crash scenario bottom: 3500-4250 Mid March - Mid Mayby nicktrdUpdated 9
SPX: overbought momentumThe S&P 500 managed to reach a fresh all time high at 5.322 during the previous week, supported by the market optimism. This was a gain of 1.5% on a weekly level. There are currently several reasons for such a move. Certainly, economic data is currently one of the most watched by the market. Posted inflation data in the US for April, showed that the inflation was moving in line with market expectations, and a bit lower from the March data. This supported market confidence that the first Fed's rate cut might come in September this year. There have also been notes from some Fed officials that the inflation developments in April are perceived positively, however, the Fed will still need more confidence that the inflation will indeed move to the lower grounds in the coming period. On the other side are relatively strong earnings from some companies included in the index of 500 most valued companies in the US. The information technology sectors continue to lead the market, however, the previous week we have seen that the real estate sector is emerging from the period of high pressure due to high interest rates, which was 2.5% higher during the week. Overbought momentum continues to be evident for the index. Some relaxation might be possible in the week ahead, however, the market continues to be highly bullish on the US equities. by XBTFX15
Simple multitimeframe for US500, S&P 500 Index☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!Longby Yelli_tradesUpdated 112
SP500 INDEX (Correction Then Continuation)Stocks Set to Open Higher as Investors Await FOMC Minutes and Nvidia Earnings Fed Governor Michelle Bowman stated on Friday that she expects inflation to remain elevated for "some time," but she also anticipates that price pressures will eventually diminish if interest rates are maintained at their current level. Bowman also reiterated that she would not rule out the possibility of raising rates if necessary. "While the current stance of monetary policy appears to be at a restrictive level, I remain willing to raise the target range for the federal funds rate at a future meeting should the incoming data indicate that progress on inflation has stalled or reversed," she said. Additionally, the Wall Street Journal reported on Sunday that three regulatory agencies might significantly reduce a planned increase in capital requirements for the largest U.S. banks. According to the report, JPMorgan Chase CEO Jamie Dimon and other big bank CEOs lobbied hard, leading the Fed, FDIC, and the Comptroller of the Currency to cut the proposed 20% increase by approximately half potentially. Investors are also closely watching developments in the Middle East following the helicopter crash that resulted in the deaths of Iranian President Ebrahim Raisi and the nation’s Foreign Minister. Technically: Currently, the SP500 is undergoing a corrective retracement targeting 5281. At this point, we should monitor whether it breaches 5281 and 5266. Stability below that would indicate a continuation of the bearish trend towards 5226. Conversely, stability above 5281 would signal the potential beginning of a bullish trend. but now stability above 5320 before correction, means will continue the bullish trend to get the targets we mentioned. Pivot Line: 5301 Resistance Levels: 5320, 5340, 5357 Support Levels: 5281, 5263, 5227 Today’s expected trading range is between the support 5264 and the resistance 5370.by SroshMayi6
Short SPYBack near resistance line formed by 1929 and 2000 tops, acted as resistance in 2022.Shortby BasedCharts2
SPY and QQQ Bottom today MOVE to 85 % long calls jan the chart posted is that of the spy it is nearing the end on the first leg down in a wave A and is taking the form of an abc decline into spiral f9 and a high due in the vix cycle 4/15/4/17 put calls have decline well into the cycle and now over bought conditions have as well . I look for a rally to at a min .382 up best of trades Wavetimerby wavetimerUpdated 12