spxspx has completed the formation of 1.902 crab. The tp is 0.382,0.618 ad.Shortby SeoVereignUpdated 0
SP500 - Bullish Outlook - Bullish DivergenceVANTAGE:SP500 is in a strong bullish trend. After retracing on smaller timeframes, price formed bullish divergence and broken the last higher high for the first time before retracing from a resistance trend line. Expecting the price to retrace early next week, followed by bullish price action.Longby Tempo_Trades1
SPX: jobs data aheadThe S&P 500 Index saw modest gains during the previous week, closing the month at the level of 5.277. The index marked an increase of 4.8% for the month. The index started the week with some volatility, starting the week with a decline to 5.306, then rebounded and maintained a generally positive trajectory. Still, year-to-date, the index gained 11.3% reflecting strong performance relative to the broader market trends over the year. Certainly, there has been some investor nervousness prior to the release of the PCE data, however, as there were no surprises on this side, the market optimism was brought back. It especially cherished Nvidia`s positive earnings last week, whose price was up by nearly 27% for the month. Another interesting data from the stock market showed that companies included in the S&P 500 repurchased more than $202 billion of their own stocks during the Q1, while analysts are noting that this trend might continue also during the course of this year. The developments from the last two weeks are showing that the index went out from the overbought momentum. There is probability for a short reversal, but it might take even a few weeks until the index enters into clear oversold momentum. A week ahead brings US non-farm payrolls and unemployment data, which might increase volatility. by XBTFX8
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 21
US500RSI indicates Bearish Divergence. Which means that at any time the market trend can change to LL and LH. Shortby SohailChaudharyUpdated 228
Top Earnings Growers in the S&P 500 Energy SectorFastest Earnings Growers in the S&P 500 Energy Sector Nearly half the companies in the S&P 500 energy sector are expected to achieve double-digit annual earnings growth. Updated : ConocoPhillips announced its acquisition of Marathon Oil Corp. on Wednesday. Energy stocks are currently undervalued relative to expected earnings, even though the sector has been the best performer in the S&P 500 over the past three years. Last month, we examined all 23 stocks in the S&P 500 energy sector for their returns on invested capital over the previous three years. With Exxon Mobil's recent acquisition of Pioneer Natural Resources on May 3, the sector now comprises 22 stocks. Further consolidation is underway, with ConocoPhillips agreeing to acquire Marathon Oil Corp., and Hess Corp. set to be acquired by Chevron Corp. in a $53 billion deal. Sector Valuations and Growth Rates The energy sector remains the least expensive of the 11 S&P 500 sectors, despite its high three-year total return. However, it has the worst 10-year return, reflecting the oil price crash from mid-2014 to early 2016 and investor reluctance to re-engage with the sector. Chip Stocks Dominate S&P 500 for the First Time Chip stocks have surpassed software stocks to hold the largest sector weighting in the S&P 500, reflecting optimism about the semiconductor sector's financial prospects due to artificial intelligence advancements and concerns over budget pressures in the software industry. Strategas strategist Todd Sohn noted that the chip sector's 11% weight in the S&P 500 marked a new high, up from just 2% in early 2014. The combined weight of the top five sectors reached 27%, the highest in 44 years of data. Conversely, the software sector faces challenges, with Mizuho analyst Jordan Klein highlighting delayed deals and cautious spending due to the macroeconomic climate. Salesforce Inc. exemplified these issues, with its stock plummeting after management reduced its forecast and discussed budget scrutiny. Technically analyse: Shortby SroshMayi8
SP500 Wyckoff Spring with Outside Day in the Daily + Cup&HandleThe daily charts offer a Spring setup opportunity while the weekly chart supports that idea with a good-looking Hammer. What is interesting is the Outside Day bar, which comes on a good volume. There is a previous resistance that turns support. The setup is a bit tighter than I'd prefer and makes the risk-to-reward, not the best, but the markets are rarely perfect. This particular setup might also be called a cup and handle pattern by William Oneil's fans. Its target is equal to an important Fib extension level. Longby TheSpringHunter0
Commodities Investment Theme##Macro 1. Inflation Inflation drives commodity prices - for example - oil gas wheat lumber steel. If inflation are stick, gold silver are great hedges, and so far it is not pricing in much as most investors are not holding gold. 2. Interest Rates Lowering rate is good reason to buy commodities, as lower rates weaken fiat currencies and enhance attractiveness of commodities, it also reduce opportunity cost of holding non yielding asset like precious metals. 3. Supply Chain Disruptions Mining storage, increase demands from other sectors like AI, this seems to be the case for now. 4. Geopolitical Tension Russia Ukraine price has rose oil and natural gas price 5. Energy transition, green tech and ai demand 6. Weather related supply shocks - such as agricultural commodities affected from weather prices. (coffee futures) Some examples and explaination of commodities: 1. Coca: Increase in cocoa price is not just supply concerns, robust demand for choco products worldwide is ranked bullish, west africa is most esssential coca producing region in the world and both political instability and bad weather condition hurt crop yields. 2. Orange Juice: Price went up 300% since pandemic started, price rose due to citrus greening disease that has devasted florida orange supplies. 3. Silver Gold 13% move higher in gold can be attributed to lowering rates and foreign government buying, aside from fear from retail investors scared of geopolical conflicts. Copper also have renewed interest due to AI demand and China's economy rebound, but need to pay attention to chinese inventory level to guage price levels. Coming plays: 1. Natty Gas - price was high in 202 due to conflict of war, but now it is likely to rally for meeting the power usage of AI data centers. 2. Lithium - for ESS solutions and EV solutions. Mining could be a challenge that drives up prices, need to research more on mining facility 3. Wheat: Prices higher after Russia Ukraine war but all gains was erased, weather plays a role in this. Stuff to buy: AMEX:USO - oil, AMEX:UGA - gasoline, AMEX:UNG - natural gas AMEX:WEAT - wheat, AMEX:CORN - corn, AMEX:SOYB - soybeans Stocks wise: Energy products services sustainable solutions - SCCO Integrated copper producer: TRGP Midstream natty gass NGL service in US: TSCO Rural lifestyle retailer products: AU GLobal gold mining company in south africa - NEE Clean energy with wind and solar energy producing: VLO by EugeneC000
SPX500USD is ready to rise againHi traders, Last week SPX500USD made exactly the move I've said in the outlook. So now the correction has finished and we could look for longs again. Trade idea: Wait for a correction down on a lower timeframe and change in orderflow to bullish to trade longs. If you want to learn more about wave analysis, please make sure to follow me, give a like and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals. Don't be emotional, just trade! EduwaveLongby EduwaveTrading1111
Another Perspective: "a great place to exit"Not financial advise, and anything could happen, but there is historically an 80% probability that this breaks down. The US Government and the Federal reserve have made some grave errors. Same mistakes over and over. This one looks real to me. Not a correction. Not a dip to buy. It's a maelstorm from hell. In real dollar terms, we touched 2021 highs here and rejected. Because people are slow to respond, it will be a very slow motion event I suspect. At this point, we have a setup likely to dip. You can check out here, let it drop, and buy back in if your greedy fingers want more more more. But if you're looking for safety, I think we are likely on the brink of something seriously salty. If there is a catalyst - a geopolitical event, or bank failures... If consumer confidence in the financial system is poisoned. Maybe by bots running in china suggesting people take their money out of the bank, then the world will go to shit. If the top in 2021 invoked terror in you, then you see it here in 2024. Divide the market by uscpi - it's a double top in real dollars. US gov't is going to spend today and take it from all of us tomorrow in inflation. "The things that surprised me the most were the things that had not happened in my lifetime." I don't know what happens next, but I'm very sure that things are gonna get weird. Shortby decklyndubsUpdated 3
TIME TO SELL NASDAQ TIME TO SELL NASDAQ Price finally reached weekly bearish selling zone (Akka in Spanish "area de ventas"). I expect a strong sell towards SMA 30 @ W1 changing weekly tendency from strong bullish into strong bearish. TP areas will be triangle cuspid and 50-61.8%Shortby imktads0
SPX GANN ANALYSISNow reverse for correction for target at 5284.25 then 5295.75 then supposed for reverse staying above 5295.75 means reverse of downwards moveby algayar37111
S&P 500 Daily Chart Analysis For Week of May 31, 2024Technical Analysis and Outlook: In the shortened trading week, the S&P 500 hit our expected resistance level of 5323 and promptly fell as part of the renewed upward movement toward the support level of 5257 and the nearby support level of 5221. A solid upward bounce is on its way to target our newly identified key resistance level of 5323 for the upcoming trading week. by TradeSelecter2
Powerful compressionIndex is compressing inside symmetrical triangle and going to explode soon In hourly chart index is moving between 1H SMA50 and 1H SMA200 for some time I suppose it will break down because of last bearish engulfing candle on weekly chart by balinorUpdated 4
Combo?Flat + X + Zigzag A downward impulse could be underway to complete a flat pattern, which would be only the first part of a Flat+ZZ combination, so then a zigzag to the upside making a new ATH, so that then a sharp, violent zigzag completes the sideways pattern by August. Or not!...by mikeoakster1
Equities decline after positive inflation responseUS stock indices were drifting lower ahead of Friday’s key Core PCE inflation update. On Thursday, the mid-cap domestically focused Russell 2000 had bucked a negative trend across the major indices. This was another indication that investors are shifting some money out of many of the growth stocks that have led this year’s rally, and into value stocks which look comparatively cheaper. Just under a fortnight ago, the Dow broke above 40,000 to hit a fresh all-time high. It has struggled ever since, and on Thursday came close to falling back below 38,000, an overall decline of 5% in two weeks. After Thursday’s close, it was Dow component Salesforce that was largely responsible for the underperformance thanks to disappointing quarterly results. But this kind of divergence between the major indices has been a feature of this earnings season. The S&P 500 and NASDAQ 100 have also lost ground recently but have only fallen around 2.5% each from their record highs. Both have benefited from having NVIDIA as a constituent, reaping the rewards from the chip giant’s rally following its stunning quarterly results on 22nd May. Friday was the last trading session of the month, and despite some recent weakness, May has been positive overall. Investors are keeping a close eye on US Treasury yields which rose sharply early last week. Ahead of Friday’s inflation release, they steadied at higher levels with the yield on the 10-year note trading around 4.56%, down from 4.62% on Thursday. All the major US stock indices got a boost following the inflation release. But there was a sell-off in the major stock indices midway through the session, as sentiment began to sour again. As things stand, it could be a disappointing end to the month. by TylerNorcross0
SPX- Rising Wedge With Downward Target as per price actionSPX Daily Chart With Negative Divergence Rising wedge With Downtrend Biased in Weekly & Daily Time-frame Target 1 & 2 Is marked on the Chart. Shortby Rohit_PSV1
SPX - Bearish TrendSPX is in Bearish Trend as there is little divergence and its making Harmonic Pattern which shows it will make reversal.Shortby mhamzasaeedm0
SPX; 5k to reach for wave iv) and v) of (5) to 5550?DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS by nmkvijay113
review for SPXOn smal With Magic_xD indicator Gann level for downwards correction It came true for 2 angles End of 2nd cycle to 5158.58 GoodluckShortby algayar370
S&P 500 (future model)?A warning, this is a big possibility! BTW the red target 5152 is taking from the btc chart.that one is crossed. On the M-chart we have a bearish divergence! So like we had on the top of jan 2018 and the top from sept 2018. Also from the top of sept 2018 and jan 2020, we can see a bearish divergence (blue and red arrow), you could also see what happened next. So now the question is this a big warning and will this be just a pull back or the beginning of a bear market? My idea is IF we cross the last ATH at 4824 (dotted red line) and we cross the uptrend channel at the bottom around 4525 (black lines), than and only than the bear market will be in (IMO). IF not we will get a wave 5 up and that one will go to 5515 (IMO). That target is taking from the FIBonacci on the coronalow and the fib 61.8° pullback. Why pullback? People are speaking about a bear market in 2022 but it wasn't, that was just a pullback in the still lasting bull market. IF we're going down there are 3 potential buy zones. We have to see IF and HOW spx is going down. I still believe in blue point 2 and even 3 (buying zones) Buy zone 1 will be the double bottom + fib 61.8° and good bounce will be there. Everybody will becoming a bull again, because that was the bottom and after a shake out and fool the bulls again for the next and final bottom at 2 or maybe 3 (the coronalow) YES i was wrong in the past and now again but just take this in consideration!!! also keep in mind this is a Monthly chart, it will take time by Ronbaten0
SPx (US Futures Dip Ahead of PCE Data with Technical) US Futures Dip Ahead of PCE Data US stock futures edged lower on Friday as investors braced for the April PCE price index report, the Federal Reserve's preferred inflation gauge. Technical Analyse: The price dropped by approximately 0.27% from yesterday and reached our target, as mentioned in the previous analysis. For today, the price is expected to move between 5240 and 5220 until a breakout occurs. Bearish pressure remains , and stability below 5220 will likely support a further decline to 5192, with 5168 as the next target. Conversely, stability above 5240 will suggest an attempt to reach 5260. Pivot Line: 5226 Resistance Levels: 5260, 5284, 5320 Support Levels: 5193, 5168, 5114 Today’s expected trading range is between the support at 5168 and the resistance at 5262. previous idea: Shortby SroshMayi5
SPX Neatural to Bearish The giant for now is neatural to bearish, the biggest reason that it was up was duo to NVIDIA adding 20 points to this However i was never comfortable trading SPX or the equivalent US500 cause i don't like surprises, but for those who do trade it, well, here it is, figure this outShortby GlassICE0