Bull trap into the close?Daily Bias is still up, but if we end the day near 5940, it may be a C wave with a further move down into next week. I also look at Gold, USOIL, and BTC
US500 trade ideas
S&P 500 4 HR. WAVE C IS LIKELY OVER ON CORRECTION!1). Price is very likely heading towards the fair Market value @ 5870. 2). Risk Assets are weak today on US$ strength! 3). BANKS ARE SELLING! 4). Volume is dropping. 5). Trendline intersecting with target fib. level. 5). ONCE COMPLETED PRICE WILL PROGRESS NORTH ON WAVE 5 VERY LIKELY
SPY update for todayHello everyone,
Not much new to update today, the main highlight is that the market has broken down from the trendline. This is definitely something to take note of. However, today’s move came with relatively low volume, which suggests that while price dropped significantly, there wasn’t a lot of strength behind the move.
This reminds us of a key principle in trading: the market can do whatever it wants. It may look bullish today and turn bearish tomorrow. So always react to what the market is showing you, not just what you expect it to do. Easier said than done, I know, but it's essential.
Looking ahead, this potential pullback could present better entry opportunities, assuming the market doesn’t flip into a full bearish meltdown. For now, we need to give the market some room to breathe, observe how it reacts at key levels, and stay patient for the right setup.
Remember: we're still in a broadly bullish environment. So let’s wait for strong reactions at the right price points before jumping in.
SPX500: Lwets go! This message will be deleted in 15 minutes. let's see what we get today. my convictions are high for short.
Choose Your Fighter SPX Here is the broadening formation we're in.
TVC:SPX is likely to consolidate further before making a decisive move.
Watching SPX500, buying puts right now!I think the market will reverse here. I don't know what the market is going to do, but I have high conviction in .886 reversal from this zone. Also, 0.618–1.618 confluence pending. Let's see what we get here.
SPX - June ProjectionsMay showed price heading back up to the high. This is four months now from the previous top. Generally for a major top to exhibit itself, it might take only three months to test. Four months is also not uncommon so it is possible that today's close will be last positive monthly close in a while.
I expect that the price will continue to rise, probably above the 6010 level of the last monthly closing high. If price surpasses the previous monthly close high, I will be watching for a turnaround, with prices eventually closing out June to the downside.
To me, based on the 40-month moving average. I have noticed that usually waves 2 and 4 have strong support at the 40 month moving average, where more major corrections will see price go below it. As price just came down to that level and didn't break it, we are in or have finished a wave 4. I'm still looking for lower prices assuming that this wave 4 to be a Flat with more sideways action ahead.
Currently short SP
$SPX // May 30 2025 // Analysis & Targets for Day TradersSP:SPX // May 30 2025 // Analysis & Targets for Day Traders
Structure Over Sentiment: Multi-Asset View into Month-End📊 Structure Over Sentiment: Multi-Asset View into Month-End | May 30, 2025
This isn’t a crash. This isn’t a rally. This is digestion.
The multi-asset view tells the real story — and it's not as chaotic as it looks.
🔍 What the Chart Shows:
This correlation lens plots key macro and market drivers YTD:
🟣 Gold (XAUUSD): Leading with +24.71% — this is the quiet macro bid no one’s talking about
🟢 Bitcoin (BTCUSD): Holding +8.47% — volatile, but still showing risk appetite
🔴 10Y Yield (US10Y): Up +5.31% — signalling rates peaking
🟠 Nasdaq (NDX): Nearly flat, -0.36% — NVDA strength masking internal rotation
🔵 S&P 500 (SPX): -2.32% — structurally fine, just not euphoric
🔵 Dow (DJA): -5.91% — lagging, cyclical drag
🔵 Russell 2000 (RTY): -13.60% — small caps under pressure, risk-on caution flag
🟣 Dollar Index (DXY): -6.44% — fading after a strong Q1
🟢 Oil (WTIUSD): -10.26% — no inflation panic here
🧠 Key Insight:
Despite the tariff headlines, sticky PCE, and conflicting narratives — the market remains internally consistent.
Gold is leading
Yields are rising but not sharply
Bitcoin is positive
Equities are flat-to-negative
Oil is weak
Dollar is fading
This is classic late-cycle digestion, not a crisis.
🛡️ Titan Mindset Check-In:
Don’t get lost in single headlines
Follow structure, not speculation
Let leaders lead (NVDA, Gold, BTC)
Protect equity when breath narrows
Zoom out, reduce noise, trade the curve — not the chaos
📍“Volatility isn’t risk. Misinterpretation is.”
Take Profits, Not Chances.
#MultiAssetView #StructureOverShock #TitanProtect #SPX #NDX #BTC #Gold #DXY #WTI #US10Y #MacroFlow #MarketMindset #LateCycleSignals #DigestDontPanic
S&P 500 MAJOR REVERSAL INCOMING? | SPX500 SELL ZONE HIT SPX500 just tapped into a critical supply zone near 5985 and has started pulling back. Is this the beginning of a deeper correction? Here’s what I’m watching 👇
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📊 Key Technical Zones:
🔵 Supply Zone: 5985 – 6000 (Strong historical rejection zone)
⚠️ First Support: 5436.1 – potential bounce area, but already tested
🧱 Major Demand Zone: 4990 – heavy volume base, ideal buy zone for bulls
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🚨 Bearish Clues on the Chart:
Price got rejected at the top of the supply range with a strong wick.
Bearish divergence on recent highs (not shown here but evident on RSI/MACD).
Clean downside structure could target 5436, then 4990 if broken.
📉 Downside Projections:
First TP: 5436
Final TP: 4990 (big institutional interest)
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🔁 Possible Scenarios:
1. 🔻 Bearish Continuation: If we break below recent support near 5880, expect speed towards 5436.
2. 🟢 Bullish Fakeout: Only a strong breakout above 5985 invalidates this setup.
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🎯 Trade Idea (Educational):
Entry: Break and retest below 5880
SL: Above 5985 zone
TP1: 5436
TP2: 4990
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📅 June Will Be Volatile – Stay prepared.
💬 Do you think this is the start of a correction or just a dip before ATH?
🔔 Follow @FrankFx14 for clean and professional chart updates! 👍 Like, 🔁 share, and 💭 comment your thoughts below!
SPX, Final choppy leg upExpecting choppy ending diagonal wave 5 up to 6130-6200area. Followed by a larger wave 2 correction at the next higher degree/ set up for the a larger wave 3 wave to new ATH. ( Tax cuts/ rate cuts ).
How low will wave 2 go? ( somewhere in the green box most likely). Will we need to monitor its structure going down. Trump will not let market collapse to far If he can help it... And he can help it.
The Bias remains up on both Gold and the SP500 Both markets are above their 18mas so the bias remains up. SPX BB is 6054 and if I'm right we will get there.
Tracking a pattern that could signal the Top is In I am tracking a micro pattern with the new local high made in the ES last night and today's price action as a micro 5-down....we should get a slight retrace into the 5960 ish area. Maybe tomorrow...maybe in the overnight session tonight.
If price can then breach todays micro low of 5884 in the ES futures...we need to then follow through with a breach of 5857 to give us our first indication, we may have struck a top.
From there I am following 2 counts...Purple, or my primary count which is a minor C of Intermediate (A).
Best to all,
Chris
SPY update - still bullish!In today’s session, we saw an increase in volume without significant price movement. This could indicate underlying uncertainty or a potential shift in momentum.
At the moment, price is still respecting a key trend line and several support levels. Until these are broken, it's too early to confirm whether the broader market is turning bearish.
🧠 I also want to point out that the price is forming an ascending channel, often a reversal pattern, especially when occurring at market highs. While we’re seeing some bearish signs, it’s crucial to remain patient and let the market show its hand.
📊 As always, the key is to observe, not assume, and be ready to adapt as the price action develops.
Thanks for watching the update, I hope it brought some insight and value to your trading journey!
Bullish bounce off overlap support?S&P500 is falling towards the support level which is an overlap support that lines up with the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 5,784.04
Why we like it:
There is an overlap support level that aligns with the 23.6% Fibonacci retracement.
Stop loss: 5,689.40
Why we like it:
There is a pullback support level that is slightly above the 38.2% Fibonacci retracement.
Take profit: 5,973.58
Why we like it:
There is a pullback resistance level.
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US500 Long TermBased on the technicals I'd be expecting US500 and other indices (US30, NAS100) to turn bearish again, at least for a short while. US500 has a key level of liquidity at 5577 which has to be swept before any major bulls return. Once that level is taken out, it depends on how the fundamental will develop and we can either expect the bears to continue the sell off or we may see the top 3 indices reach new ATHs.
