S&P 500 faces resistance ahead of crucial data and FOMC meetingThe bullish drive has been revived in US equity indices after a few weeks of downside pressure. The S&P 500 and the Nasdaq both broke to new highs on Wednesday driven mostly by technology stocks. The ADP May employment report also helped revive some buying appetite as it came in below expectations.
Hellena | SPX500 (4H): Short to support area 5165.Dear colleagues, I am considering the possibility that wave “2” is not yet completed, because wave “a” looks more like a part of a correction than a full-fledged correction.
Therefore, I count on the update of the high of 5300, and then a downward movement to complete wave “2” to the support area o
Possible Elliot Wave Setup I've been short indices recently but we're into major supports now. I have my stops trailed tight and some longs from a little under 5200.
We possibly have a bearish Elliot setup here. If so, we have an implied strong bull trap and then we have a good short setup.
Ideally the best play here is m
Two Conflicting Patterns Form on S&P 500 During the last seven trading sessions, the S&P 500 has formed two candle patterns. With these patterns directly opposing each other, let’s explore which pattern is best placed to win out over the coming weeks.
Start with the Bigger Picture
Before we get into the individual price patterns, it
S&P500: Is approaching the a significant support areaHey Traders, in the coming week we are monitoring US500 for a buying opportunity around 5240 zone, US500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5240 support and resistance area.
More All-Time Highs for the Stock MarketI’m just floored that the S&P 500 is well above 5000 and, now, steadily approaching 6000 level. What I find most interesting, is that if you read the average news headline or spend time on the Internet, you'll most likely walk away with a sense of dread i.e. something is wrong somewhere! Or, the wor
Weekly Market Wrap With Gary Thomson: 3 - 7 JuneWeekly Market Wrap With Gary Thomson: S&P 500, US Dollar, Gold and Silver, MSFT Shares
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.
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There's a storm on my chartHi everyone,
I see two possibilities.
Blue or Brown ? (we have to see!)
Technical Section:
The Blue Path: S&P500 is completing the fifth wave of the 5th wave of a five-wave rally.
Wave 5 = 2.618 x length of Wave 1
Wave 3 = 2 x length of Wave 1
Target = 5790
The Brown Path: S&P
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S&P500 Short-term accumulation before strong rise.The S&P500 index (SPX) has turned sideways since practically May 16 and, supported by the 1D MA50 (blue trend-line), is consolidating. Even though this consolidation is taking place at the top of the 1.5 year Channel Up (Fibonacci 0.0 - 0.236 range), it is similar in some way to the accumulation of
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Frequently Asked Questions
US 500 Index reached its highest quote on May 23, 2024 — 5350.3 USD. See more data on the US 500 Index chart.
The lowest ever quote of US 500 Index is 666.8 USD. It was reached on Mar 6, 2009. See more data on the US 500 Index chart.
US 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 US 500 Index futures or funds or invest in its components.