S&P 500 extends rally despite macro concernsThe 5% Apple rally aside, it is all about rate cut bets vs. strong earnings. So far, the latter has helped to keep US markets supported near all-time highs. But if macro concerns increase further, investors' perception about future earnings growth will weaken. And with that, we could see some cracks in expensive stocks.
Looking at the hourly chart of the SPX500, the US benchmark was testing a potential resistance zone in the shaded region between 6345 to 6367, an area which was previously support. Above this zone, 6392 is the next level of potential resistance and then the all-time high of 6436 comes into focus next.
earlier, the index bounced after a failed breakdown below the trend line shown on the chart. Another potential test of the trendline could see the index break lower. Short-term support is seen around 6319 then 6277.
By Fawad Razaqzada, market analyst with FOREX.com
US500.F trade ideas
US500 Market Insight US500 Market Insight
The US500 continues to demonstrate resilience amid a complex macroeconomic backdrop, trading around 6,388 at mid-session today. This represents a modest 0.40% recovery from the previous close of 6,299, signaling improving investor sentiment despite ongoing market headwinds.
Fundamental Outlook: Market Resilience Amid Volatility
After a stretch of choppy trading sessions driven by mixed U.S. economic data and escalating tariff concerns, the index has regained its footing above the psychologically important 6,300 support level. This bounce reflects investor confidence in the broader market’s fundamentals, particularly in the face of global policy uncertainties.
Strong Corporate Earnings as a Key Driver
Earnings season has delivered notable upside surprises, particularly in the technology, consumer discretionary, and financial sectors. Positive forward guidance and robust profit margins have underpinned the index’s strength, helping offset negative sentiment from trade related headlines and slowing global demand in select sectors.
Dovish Federal Reserve Expectations
Markets are increasingly pricing in a more accommodative stance from the Federal Reserve, even as policymakers continue to stress a data dependent approach. With inflation surprising on the upside and NFP data coming out softer, this is reinforcing expectations for possible rate cuts later in 2025. This has eased pressure on equities and boosted appetite for risk assets.
Technical Outlook: Bullish Continuation
From a technical perspective, the US500 remains in a well defined long-term uptrend. Maintaining price action above 6,300 strengthens the case for further gains, with 6,400–6,500 seen as the next potential resistance zone. Keep watching for consolidation above 6,300 to confirm breakout momentum.
Key Risks and Market Sensitivities
Despite the positive bias, risks remain. The index remains highly sensitive to global trade developments, particularly US-China and US-EU tariff disputes. In addition, any shift in Fed tone or unexpected inflation data could trigger renewed volatility.
Conclusion
The US500’s current recovery reflects a careful balance of strong earnings, improving rate outlook, and technical support. While bullish sentiment persists, the path forward will likely remain data driven and headline sensitive, requiring traders to remain nimble. A sustained break above 6,400 could open the door to new highs later this quarter, but near-term volatility should not be discounted.
Analysis by Terence Hove, Senior Financial Markets Strategist at Exness
SPX BUY SPOT 8/61h had a unicorn setup I seen forming yesterday. Today I got on just after 7:30 am and saw price inside POI/IPA. All it did was WICK that gap, not fill it. I went against the 4h and 1h candles both being bearish because price reacted to the OPEN of the FVG. This makes it risky because we could still fill and sweep below that wick. Just had a little FOMO this morning once the reaction happened. No major news until tomorrow. I love the sweet spot where price is. Perfect HL area on 1 hour even tho we can sweep lower again, we shall see!
SPX500 in Focus – Breakout Needed Above 6346SPX500 – Technical Overview
The price is currently showing bearish momentum as long as it remains below 6341 and 6323, with a downside target at 6283.
🔻 As long as the price trades below 6341, the bearish bias remains intact.
🔼 For the trend to shift bullish, we need a confirmed 1H close above 6346, which could open the path toward 6365 and higher.
🔹 Resistance: 6341, 6365, 6389
🔹 Support: 6298, 6283, 6247
Potential bearish drop?S&P500 is rising towards the pivot, which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could drop to the 1st support.
Pivot: 6,362.20
1st Support: 6,214.78
1st Resistance: 6,436.72
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SPX 1W – Long-Term Breakout Holding, Can the Rally Sustain?The S&P 500 just printed a weekly breakout above historical highs, tapping into uncharted territory above 6,300 — but now the question is whether the trend can sustain or if a deeper retest is on the horizon.
🔹 Macro Structure
Multiple clean support levels exist below, each marking prior macro pivots — from the 2020 breakout to the 2022 base.
The most immediate zone of interest is 6,100–6,200, which could act as a bullish retest zone if this breakout is valid.
Deeper downside remains structurally healthy unless 4,250 or below is breached.
🔹 Trend Health
Price remains well above the EMA 50 and 100, showing no signs of structural weakness.
Pullbacks into the EMAs historically triggered trend continuation — and bulls will likely treat those zones as reload points.
🔹 Big Picture
As long as SPX holds above 5,400, the macro bull trend remains intact.
A drop to retest lower zones wouldn’t necessarily break the uptrend — but it would shake sentiment and invite reaccumulation.
Is this the beginning of a new macro leg — or the last shake before a deeper correction?
Let’s chart it out 👇
S&P500 at pivot zone Stocks are climbing higher, with S&P 500 futures up on hopes for interest rate cuts and solid company earnings. The outlook is positive, especially in the finance world—bankers, hedge funds, and asset managers are expected to get higher bonuses this year, reflecting stronger market conditions.
On the global front, the US is looking to tighten control over chip exports to China by adding better tracking in semiconductors. At the same time, Taiwan’s TSMC reported a possible leak of trade secrets, which led to arrests.
Trade talks are also heating up. Japan and Switzerland are sending officials to the US to push for lower tariffs, while India’s government is heading to Moscow just after criticism from the US over its Russian oil purchases.
Conclusion for S&P 500:
The rally has strong backing from earnings and rate-cut hopes, but investors should be alert. Rotation into small-cap stocks could continue, while tech and chip sectors may face headwinds from new trade and security pressures.
Key Support and Resistance Levels
Resistance Level 1: 6380
Resistance Level 2: 6400
Resistance Level 3: 6436
Support Level 1: 6295
Support Level 2: 6256
Support Level 3: 6214
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JP Morgan warns the S&P is due a retracement!🚨 Alert 🚨
JP Morgan and Deutsche Bank are the latest to warn that the S&P is due for a correction.
I'm short with a small position size, as the price could move higher yet... Judging by experience, it's near impossible to predict tops. It's best to close long positions or enter smaller-sized short positions with large stops.
VANTAGE:SP500 PEPPERSTONE:US500 ICMARKETS:US500 OANDA:SPX500USD
SPX500 Technical Setup – Eyes on 6365 and 6399 TargetsSPX500 – Overview
The price has stabilized above the key pivot level at 6341, maintaining a bullish bias. As long as the price holds above this level, the upward momentum is expected to continue toward 6365 and potentially 6389 or 6399.
However, a 1H close below 6323 would signal a possible trend reversal, opening the door for a deeper correction toward 6283.
🔹 Pivot: 6341
🔹 Resistance: 6365, 6399, 6427
🔹 Support: 6323, 6283
S&P500’s Bullish Island Turns Risky: Elliott Wave Says “Top”The S&P500 Index( SP:SPX ) started to rise and even created a new All-Time High(ATH=$6,428) with the help of the Bullish Long Island Pattern , as I published in my previous idea on May 14, 2025 .
The S&P500 Index is currently moving near the Potential Reversal Zone(PRZ) , upper line of the ascending channel , the Important Resistance line , and the Yearly Resistance(1) .
In terms of Elliott Wave theory , the S&P500 Index appears to be completing microwave 5 of microwave 5 of the main wave 5 .
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks .
I expect the S&P500 Index to correct at least -4% and fall to the lower line of the ascending channel .
First Target: $6,233
Second Target: $6,033
Note: Stop Loss(SL) $6,513
Do you think S&P500 Index can create a new ATH above $6,500 !?
Please respect each other's ideas and express them politely if you agree or disagree.
S&P 500 Index Analyze (SPX500USD), Daily 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.
US500 Bearish Idea: Waiting for Structure Break ConfirmationWatching the SPX US500 right now 📈 — it’s rallied hard with strong momentum and is pushing into a key resistance level ⚠️. Since price is overextended, I’m expecting a pullback towards equilibrium on the current move 🔄. My bias is bearish from this level 🔻, with entry dependent on a break in structure on the 30-min timeframe ⏳.
All is explained in the video 🎥 (not financial advice).
SP500 reinforcing a bearish short-term trendThe S&P 500 retreated in the final session of July, weighed down by renewed tariff concerns and ongoing uncertainty surrounding the Fed’s next policy move. Despite the late pullback, the index remains positive for the month overall.
From a technical perspective, the index has declined approximately 2.5% since yesterday, reinforcing a bearish short-term trend. The bearish outlook remains valid as long as the price stays below 6220.
Immediate Support: 6220 – A break below this level could lead to further downside. Next Downside Target: 6150 – If the bearish momentum continues past 6220. if price closes above this, 6250 short-term bullish momentum may build. 6300 – A major resistance; a close above this would invalidate the current bearish outlook.
we have Some Tips about SO500 But Trading range is small Traders.
Ps; Support with like and comments for more analysis.
$XLV vs $SPY at multi year low. Is more downside expected? In this space we talk a lot about the market outperformance and how this has resulted in indexes at ATH. The SP:SPX and NASDAQ:NDX and their corresponding ETFs: NASDAQ:QQQ and AMEX:SPY have also made ATHs. But if peel under the surface we can observe that very few sectors have consistently outperformed the S&P 500. The Technology sector represented by AMEX:XLK has consistently outperformed the $SPY. The $XLK/ AMEX:SPY is in a upward channel depicted by the purple line. The SPDR select sector Technology sector has consistently increased its weightage on AMEX:SPY and the ratio $XLK/ AMEX:SPY is currently at 0.41 which is an ATH.
But the same cannot be told about the SPDR Healthcare Sector. The ratio between $XLV/ AMEX:SPY is making multi year low. With the ratio currently at 0.21 it is approaching its multi-year lows of 0.1975. The ratio was so low last in Sept 2000. Hence the question comes what should we expect the AMEX:XLV which is making new lows against the AMEX:SPY ? Will we visit the lows of 0.1975? If it happens then can we expect a upward momentum from his double bottom situation?
In my estimate in this bull market and Tech sector outperforming the AMEX:XLV will make new lows vs AMEX:SPY and the ratio will revisit the 2000 lows. But if on the macro front we have weak jobs numbers and recession risk rising then the AMEX:XLV can in fact draw inflows and outperform the index. Hence my estimate $XLV/ AMEX:SPY will sweep the multi-year low and then bounce back into 2026.
Verdict: Still more downside possible in $XLK/$SPY. Go long AMEX:XLV when the ratio is @ 0.1975 and into 2026.
US Stocks on Watch as Momentum ShiftsAfter a resilient summer run, US equities are now facing a new wave of pressure. Friday’s slide was more than just a reaction to headlines, it may be the first sign of a deeper shift in sentiment.
Jobs Data Disappoints as Tariff Tensions Rise
Friday’s US jobs report was a jolt. Just 73,000 nonfarm payrolls were added in July, well short of the 110,000 expected. But the real gut punch came from the revisions. June’s figure was slashed from 147,000 to just 14,000 and May’s total was lowered by another 125,000. Taken together, that is over a quarter of a million fewer jobs than previously reported. The softening labour market has now pushed the probability of a September rate cut to 66%, as traders start to price in a more cautious Fed response.
If that was not enough, President Trump added fresh fuel to the fire by announcing a new round of tariff hikes. Imports from Canada will now face a 35% levy, up from 25%, while goods routed through third countries to avoid duties will be hit with a 40% charge. These measures come at a time when the global economy is already under strain, and investors wasted no time in pulling back. Tech and financials bore the brunt, with Amazon and JPMorgan among the hardest hit.
Short Term Momentum Breaks Down
Last week’s price action marked a clear change in tone. The S&P 500 attempted to break to fresh highs on Thursday but was met with a wave of selling on increased volume, forming a bearish engulfing candle. That move was followed by a sharp decline on Friday after the jobs data landed. This two-day drop, coming on elevated volume, stands out as a clean reversal in short term momentum and is most visible on the hourly chart.
That kind of shift raises an important question about timeframes. If you're a short-term trader focused on hourly candles and below, you will likely be watching for bearish continuation patterns. That could mean looking for brief pauses in the selling, flags or consolidations, before another leg lower.
Longer term traders will be reading the chart differently. While short term momentum has clearly turned, the longer-term structure is still intact. The market is now pulling back into a key zone of former resistance from earlier in the year. This cluster of highs, once broken, now acts as support, and just so happens to line up with the 50-day moving average. For those taking a wider lens, this is the kind of area where trend followers could look to reload.
US500 Daily Candle Chart
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US500 Hourly Candle Chart
Past performance is not a reliable indicator of future results
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Rob the Rally SPX500: Enter Before Resistance Catches You🦹♂️💎 “SPX500 Vault Breach – Layered Robbery in Progress!” 💼📈
(Thief Trader's Multi-Limit Entry Bullish Blueprint – No Mercy, Just Money)
📍Asset: SPX500 / US500
🎯Plan: Bullish Heist
🧠Style: Layered Limit Orders | Thief Strategy Entry | Zero Mercy Execution
📈Target: 6600.00
🛑Stop Loss: 6200.00
💣Entry: Any level — thieves adapt, not wait!
🌍 Welcome to the Global Robbery Room, Traders!
It’s your boy Thief Trader, back in the vault with another plan to crack the SPX500 like a safe on Wall Street. This one’s for the bold bulls who like to rob with precision, not permission. 🎯💰
💼 The Setup – High Stakes, High Floors
SPX500 is lining up for a classic breakout breach. This isn’t just technical — it’s tactical warfare. Market noise? Ignore it. We operate on strategy and steel nerves. 🧠🔫
🔥 Entry Protocol – Layer Up or Miss Out
🧱 Multiple limit orders across price zones — like planting C4 charges on every door.
🎯 Enter wherever price dips — don’t wait for permission from retail traders.
🎯 No fixed entry — this is Thief Layering: get in where you fit in.
🚪 Escape Plan – Stop Loss Strategy
📍 SL: 6200.00
Why? That’s where the guards start showing up. If price drops below, we vanish.
💡 Be flexible — smart robbers don’t get caught, they regroup.
💎 Target Loot – The Golden Zone
📍 Primary TP: 6600.00
Once we breach the 6500+ resistance, it's a moonwalk. Lock gains or trail with confidence.
📢 Warning for Scalpers & Swing Thieves Alike:
Only play Long-side. Don’t try to rob both ends — that’s suicide.
Big wallet? Scale heavy. Small bag? Layer light but tight.
Always use trailing stops — never trust the market with your escape bag. 🎒💸
📊 Thief Intel – Why We’re Bullish
✅ Index rotation favors large-cap strength
✅ Macro sentiment + institutional bias points UP
✅ No bearish COT signals in sight
✅ Fed tone & economic backdrop: neutral to supportive
This isn’t hopium. It’s strategy.
🚨 NEWS FLASH – Stay Stealthy!
Do NOT enter during economic bombs 💣 (NFP, CPI, Fed minutes, etc.)
Market noise kills precision. We only move in silence and with SLs trailing tight.
💬 Smash that BOOST 💖 if you’re riding with the Thief Army.
Share this plan, spread the word, and let’s rob the markets the smart way.
📢 Tag your crew, stack your layers, and let’s hit 6600 like pros.
📌Disclaimer: Not financial advice — this is a market operation plan for educational use. Trade at your own risk. Smart thieves plan exits before entries. 💼📉📈
🦹♂️ Thief Trader out.
💸 Rob smart. Rob clean. Rob global.
SPX Breakdown or Another Push Higher?Hi y'all thanks for tuning in! Here are a few written notes to sum up the video.
Indecision at New Highs
After breaking out to new all-time highs, SPX printed a doji on the weekly chart, signaling indecision. This hesitation could mark the start of digestion.
Still Structurally Bullish, but Extended
The weekly chart shows SPX is still holding trend structure, but price is notably extended from the 10EMA. Historically, when price moves too far from key short-term EMAs, it tends to reset either via time (sideways chop) or price (pullback).
Daily Chart Shows a Shelf Forming
On the daily chart, price has been consolidating just under the prior high with small-bodied candles. This is forming a “shelf” around the 6,260–6,280 zone. It’s acting like a pause, not a breakdown. Holding above this zone keeps the trend intact.
Pullback Risk Increases Below 6,232
If price loses 6,232 (last week's breakout area and short-term shelf), it increases the likelihood of a pullback toward the 6160 or even deeper toward the 5970. That lower zone also marks the bottom of the prior consolidation box from earlier this year.
Seasonality Reminder
Historically, July is strong in the first half, with weakness (if it shows up) arriving mid-to-late month. So far, price has tracked that seasonal strength. Any weakness from here would align with that typical timing.
SPX CORRECTIONThe S&P 500 Index (SPX) faced strong rejection at the upper resistance zone near 6,400, where -243B was sold, signaling aggressive institutional distribution. This area aligns with the broader -3.4T monthly level, confirming it as a significant ceiling.
Multiple support levels lie below. The first key zone near 6,200 is being tested. If broken, deeper liquidity pockets are visible around 6,000 and 5,700, where 162B was previously absorbed. Further down, the high-volume August 2023 level near 5,000 remains a macro support with 920B of institutional activity.
Upside target (if reclaimed): 6,400
Downside target (if breakdown continues): 5,700 → 5,000
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SPX500 Dips Ahead of NFP as Tariff Risks RiseSPX: S&P 500 Dips to Close July — Still Positive for the Month Amid Tariff Tensions & Fed Uncertainty
The S&P 500 retreated in the final session of July, weighed down by renewed tariff concerns and lingering uncertainty around the Fed’s next move. Despite the late pullback, the index remains positive for the month overall.
Looking ahead, non-farm payrolls (NFP) and U.S. jobs data are expected to have a strong impact on market direction. In addition, August 1st marks a key date for potential tariff developments, which could trigger further volatility.
Technical Outlook – SPX500
The index has dropped approximately 2.5% since yesterday and maintains a bearish bias as long as it trades below 6283. If the price continues to slide, the next downside target is 6246, with further support at 6223.
However, if the price manages to close above 6289 on the 1H timeframe, it could trigger a bullish recovery toward 6320 and 6341.
Pivot Line: 6283
Support Levels: 6246 • 6223
Resistance Levels: 6320 • 6341
SPX: Investors` defensive positioning? The past week brought a flurry of important US macro data and a high market volatility in line with it. In addition, the FOMC meeting brought up increased nervousness regarding Fed's view on current and future macroeconomic developments. As Fed Chair Powell informed the public, the inflation is perceived to pick-up a bit as a reflection of imposed trade tariffs, but the Fed is not expecting that it will have a significant effect on increasing inflation, but only the one-off effect. Future Fed moves will continue to be data dependent and risk-assessed, in which sense, a direct answer to potential September rate cut was not provided by Fed Chair Powell.
Although Friday brought up some major market corrections in the S&P 500, Thursday's trading session was the one to bring major sentiment and indication over forthcoming correction. Namely, Thursday started in a positive manner, where the index reached a new all time highest level at 6.427, but soon after the market tumbled down, ending the trading day at 6.333. Futures were traded lower on Friday, where the S&P 500 was opened by 1,5% lower, ending the week at 6.238. These movements during the last two trading days are quite important because such strong moves in the value of index could be imposed only by institutional investors, showing their sentiment regarding the macro environment expectations at this moment.
Much of the negative market sentiment was driven by surprisingly weak non-farm payroll data of only 73K in July, which was below market estimate of 110K. At the same time, the unemployment rate modestly picked up in July to 4,2%, from 4,1% posted previously. Some analysts are noting that this could be a summer seasonal effect, however, investors are concerned that this could be a sign of a weakening US economy, due to implemented trade tariffs. During the time of writing this article, CNBC posted a news that the U.S. President Trump ordered immediate release of a duty of a Commissioner of labor statistics, due to continued posts of inaccurate labor data and its frequent revisions, also putting doubts that the July figure of 73K is accurate.
Regardless of actual accuracy of the US jobs data, investors continue to be concerned regarding the effects of implemented trade tariffs on earnings and growth of US companies. As analysts are noting, some of them are trying to lock in gains as earnings risks emerge, but with future uncertainties, a defensive positioning of investors might be wider in the coming period.