SPX500USD could go up againHi traders,
Last week I said we could see a little more upside and a bigger correction down for (orange) wave 4 for SPX500USD. And this is exactly what happened.
So next week we could see more upside again to make a new ATH.
Let's see what the market does and react.
Trade idea: Wait for a small pullback down and a change in orderflow to bullish on a lower timeframe to trade longs.
If you want to learn more about trading FVG's & liquidity sweeps with Elliott wavecount and patterns, then please make sure to follow me.
This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.
Don't be emotional, just trade your plan!
Eduwave
US500FU trade ideas
Hellena | SPX500 (4H): LONG to resistance area of 6700.Colleagues, I think we should expect the upward movement to continue. The upward impulse is not over yet, but I think we may see a correction to the 6500 area, then I expect the upward movement to continue to the 6700 area, which is a pretty strong psychological level and is the area of 50% levels of Fibonacci extension.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
US500 Post PCE OutlookThe short term outlook for the US 500 remains constructively bullish, with a bias towards further upside. The primary factor supporting this view is the recent in line Core PCE data 2.9% YoY, which matched expectations. This result has successfully alleviated fears of a more aggressive US Fed tightening path. The market interprets this steady inflation reading as giving the Fed "room to be patient" with future rate adjustments, thereby sustaining appetite for equities which are seen as risk assets. While the path forward may be choppy with volatility contained around current levels the overall momentum is positive and measured. Critical upcoming catalysts that could drive the next major move include future inflation prints, jobs data, and the start of the Q3 earnings season.
Fundamental Analysis
The market's resilience is built upon several key fundamental pillars:
Inflation Stability: The August Core PCE Index meeting expectations is the most significant fundamental driver, reducing the immediate risk of a growth stifling, aggressive Fed policy shift.
Corporate Strength: Underlying support continues to come from robust corporate earnings and sustained strong consumer spending. These elements suggest that the corporate sector can maintain profit growth even in the current economic environment.
Fed Clarity: Clear communication from the Fed regarding its path has reduced policy uncertainty, which generally supports higher equity valuations.
Sector Dynamics: There is evidence of defensive flows and sector rotation, indicating that investors are positioning for sustained but selective growth within the US economy, favoring both large caps and defensives in a measured approach.
Technical Analysis
The technical picture supports a consolidation phase near record highs, with momentum favoring a potential future breakout:
Resistance: The first resistance zone is identified between 6,675 and 6,700. A decisive, sustained break above this level would signal the next major rally attempt.
Support: Immediate support lies in the 6,605 - 6,570 zone. Maintaining price action above this band is crucial for keeping the constructive, short-term bullish trend intact.
Volatility: Volatility remains contained, reflecting the market's stability and lack of panic following the inflation data. Monitor technical indicators for overbought signals that might precede a pause or consolidation, but the sentiment remains constructive as long as key macroeconomic data remains steady.
Analysis by Terence Hove, Senior Financial Market Strategist at Exness
UPDATE: US500 has rallied to its near short term target at 6,747Cup and Handle formed on US 500 since we sent the last analysis.
And now it's that time of month where we need to send the update and where we can see the market moving next.
They are expecting more rate cuts to come in the year and with the last 25 BPS cut, means people will have more disposable money to take out of the bank and into stocks.
So this is probably one of the main reasons for the upside to come.
The target is on par to 6,747
Price>20 and 200MA
Target 6,747
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Still going up for SPX500USDHi traders,
I show you week after week what price will do. If you follow my outlooks, you've made a lot of profit.
For example SPX500USD played out exactly as predicted in my previous outlook. After a sharp correction it continued the upmove and made a new ATH.
Now next week we could see a little more upside and a bigger correction down for (orange) wave 4.
Let's see what the market does and react.
Trade idea: Wait for a small pullback and a change in orderflow to bullish on a lower timeframe to trade longs.
If you want to learn more about trading FVG's & liquidity sweeps with Elliott wavecount and patterns, then please make sure to follow me.
This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.
Don't be emotional, just trade your plan!
Eduwave
S&P 500: Pullback after flash dump is a Short opportunity
📝 1. Market Context
BLUEBERRY:SP500 recently witnessed a sharp drop from 6,698 down to 6,645, showing clear bearish momentum. After this fall, the index attempted a recovery, but the bounce was weak: green candles became smaller and stalled right at key resistance zones. A long red bearish engulfing candle then erased the entire recovery, proving sellers are back in control.
🟥 2. Static Resistance (Red Zone on Chart)
On the chart, the red zone represents static resistance, located around 6,671 – 6,664.62. This area aligns with:
• Dynamic resistance (moving averages).
• Static resistance (previous supply zone).
Every time price has tested this area, it faced rejection. This makes the red zone a high-probability level for sellers to step in again if price retests it.
🟩 3. Support Zone (Green Zone on Chart)
The nearest support lies at 6,639, highlighted as the green zone on the chart. This is the first logical downside target, where price might pause or react before choosing the next move.
🎯 4. Bearish Scenario
• Bias: Bearish continuation.
• Entry zone: 6,671 – 6,664.62 (red resistance zone).
• Target: 6,639 (blue support zone).
• Invalidation: If price closes firmly above 6,672, this bearish idea is no longer valid.
✅ 5. Summary
After a sharp decline, the weak bounce into resistance looks like an opportunity for sellers. As long as the index remains below the red resistance zone, the path of least resistance points lower, with 6,639 as the next key support to watch.
📈 Similar to the previous Buy setup, we can see that price is reacting in a similar manner — it touches the static support zone (marked in green) and the moving average (acting as dynamic resistance), before making a strong bounce.
Please like and comment below to support our traders. Your reactions will motivate us to do more analysis in the future 🙏✨
SPX Daily OutlookThe index continues to trade inside a well-defined rising channel. After setting a new ATH at point B, price retraced into a double bottom at C near the 6,600 support zone — aligning with the 0.328 retracement. The rebound from that level keeps the bullish structure intact.
⚡ Key Levels to Watch:
Support: 6,600 (double bottom / fib confluence)
Resistance: 6,670–6,700 (prior high & channel midline)
Upside target: 6,900 (channel top / point D projection)
As long as 6,600 holds, the path of least resistance favors a move toward 6,900. A decisive break below 6,600, however, would signal weakness and open the door to deeper downside.
Will the Stock Market Ever Top?When it does, how long will that top last?
The question on the minds of many is just how high this blow-off top in the stock market will go. The cyclical bull market is running a bit long in the tooth and, by every conceivable measure, should be due for a healthy correction at the very least.
No, we’re not talking about the bull market run from the Tariff Tantrum lows in April; we’re talking about a 16-year run-up from the 2009 lows of the Great Financial Crisis—a low, in my view, that was never allowed to clear adequately.
The chart below illustrates the short-term, quintessential V-shaped recovery rebound from the April lows this past spring. These instant recoveries to fresh all-time highs have been a hallmark since the COVID bottom in 2020.
The daily chart above shows five clear waves of advance within a larger broadening pattern. Though a top can form at a moment’s notice from this point forward, the daily chart indicates two outstanding upside price targets at 7,006.88 and 7,431.22, respectively—each a Fibonacci extension of previous wave relationships.
Near-term downside targets ripe for the taking amid any meaningful pullback are represented by the four open gaps listed in the daily chart.
Next, we’ll zoom in a bit closer, looking at a 3-hour chart just before today’s close, with the S&P down slightly, just over half of one percent.
The shaded box above the price action illustrates an upside target window ranging from 6,704.45 on the low end to 7,006.88 on the high side, with an additional target of 6,710.67—also near the lower end of the range. The session’s high earlier was 6,699.52, less than 5 points from the threshold of our standing target window.
I’ll close out this stock market update with our long-term trading chart, which tracks the S&P’s weekly bars from the COVID low.
Above, you can see the broadening pattern mentioned earlier, along with another upside Fibonacci extension target noted at 7,431.22 and an important weekly gap at the 5,720.10 level.
The long-term buy-and-sell indicators at the top and bottom of the chart are not designed to capture or pick tops and bottoms; rather, they aim to capture the lion’s share of a given long-term trend and help you avoid devastating crashes and extended bear markets.
The lower-panel histogram issues buy signals a bit earlier and sell signals a bit later, while the upper-panel crossover study tends to be more active, issuing sell signals earlier and buy signals later.
Regardless of where and when the market tops—if it ever does—at the rate we’re going, be mindful of the risks inherent in making assumptions and extrapolating past performance into future expectations. Why? Because amid the Fourth Turning, old rules may no longer apply, and market tops may last much longer than we have become accustomed to.
Most underrated chart?? /// S&P500 /// $7500 bull market targetMost underrated chart out there? We are on the end of raging bull run where we broke out in 2013 and been going higher and higher since then. We gone top out at around $7500. The two green circles is where the points on the ray line is and the two other ray lines is a clone of that bottom line. Hope the chart is helpful. The stage is set. Hope this chart is helpful.
S&P 500 (SPX) Daily Technical & Macro Outlook🔎 S&P 500 (SPX) Daily Technical & Macro Outlook
🖼 Chart Technicals
Price closed 6600.97 (-0.10%), showing hesitation at a key fib confluence zone.
Breakdown from the short-term rising channel is confirmed with the red rejection wick.
Current price is testing the 0.786 fib (6627) and flirting with 0.702 (6599).
Key supports: 6570 (highlighted in yellow) and 6440.
Resistance overhead: 6699 (Fib 1) → 6808 (1.618 extension).
⚠️ The highlighted circle zone (crossing trend lines) suggests a decision point—either reclaim trend support or fail into deeper retracement.
🌍 Macro Environment & Catalysts
Fed policy & rate expectations: Recent inflation prints remain sticky; Powell comments could tilt the market either way.
U.S. fiscal situation: Government funding and deficit concerns add background risk.
Oil & commodities: Rising crude keeps inflation fears alive → bearish for equities.
Earnings season (upcoming Q3): Tech leaders will dictate momentum. Strong guidance = bullish recovery; misses = accelerated downside.
Global geopolitics: War threats and tariff disputes (e.g., U.S.–China tech rivalry) remain volatility triggers.
📊 Probability Outlook
Bullish case (40%)
Buyers defend 6570–6599 support zone.
Bounce could retest 6699, with breakout extension to 6807–6907.
Macro tailwind: Dovish Fed pivot or strong earnings beats.
Bearish case (60%)
Failure to hold 6570 = accelerated drop to 6440, then 6234.
Momentum shift shows sellers reclaiming control after a steep summer rally.
Macro headwind: Hot CPI/PCE data or Fed reasserting higher-for-longer stance.
🎯 Trade Alignment with Macro (Max Profit Setup)
Directional Bias: Short-term bearish unless 6699 is reclaimed.
Trade Idea (Options Swing):
Bearish put spread: Buy SPX 6570 puts, sell 6400 puts (3–4 weeks out).
Defined risk, profit zone aligns with 6440/6234 fib confluence.
High RR if macro bearish catalysts hit (CPI, Fed hawkish tone).
Hedge (Upside Risk): Small OTM calls at, 6800 can protect against squeeze.
📝 Final Take
SPX sits at a macro crossroads: holding above, 6570 keeps the bull case alive, but momentum favors downside. Traders should prepare for volatility into macro events, with 6570 → 6440 as a high-probability retracement path.
⚡️In summary: Until bulls reclaim 6699, the market leans bearish. Options spreads provide the best way to capture macro-driven swings while limiting risk.
3 Dangers of Trading DOUBTDoubt.
It’s that little idiot in your head that whispers,
“What if you’re wrong?” or “Maybe this isn’t for you.”
It’s what stops you from achieving greatness.
It’s what keeps you in uncomfortable “comfort zones”
It’s what keeps you with the herd mentality of not doing anything.
And with trading, it’s the most dangerous trait to derail your hard earned work and progress.
Let’s stop the doubt and conquer those demons.
#1: DOUBT leads to Missed Opportunities
Have you ever hesitated on taking a trade?
Have you ever doubted your trading system?
Have you ever doubted your process?
Yep, that’s doubt working its dark magic.
Doubt makes you second-guess your analysis. It causes you to miss golden opportunities.
I am a big believer of risking money per trade in a way that it feels like pennies.
So whether it be 2%, 1% or even 0.5%.
Just think about this…
What do you have to lose? Very little right?
And whether you’re trading the JSE, Dow Futures or gold – you can manage your risk.
So, you might as well go ahead and risk little to make a little bit more.
The doubt might be there, but when you find that you’re taking the trades and winning and growing your portfolio more often than not – Doubt will disappear.
#2: DOUBT makes you Lose Confidence
Doubt and confidence are mortal enemies in life and with trading.
When doubt sets in, it gnaws away at your self-belief.
All of a sudden, you’re not just doubting your trades; you’re doubting yourself. And this destroys your integrity as a person.
And in trading, confidence is key.
Confidence is what will take you into battle with a plan and knowing how to protect yourself.
It allows you to execute trades with precision, even when there is a touch of uncertainty.
Doubt is like instead of grabbing a sword, you grab a feather duster.
So you need to learn how to build and maintain confidence in your trading.
How do you do that? Celebrate your performance, winning streaks, manage your losses and keep at it.
Doubt might try to shake your confidence, but resilience will keep you standing tall.
#3: DOUBT will lead you to change your System
Doubt doesn’t just mess with your mind; it messes with your system.
You start adding and removing elements.
You start changing and acting more on a discretionary manner.
When you start doubting your strategy, you’re tempted to tweak, tinker, and completely overhaul your approach.
These changes will make you feel like you’re back to the start of your journey.
And the inconsistency, doubt and confusion will manifest into another losing strategy.
Your trading system is your blueprint for success.
It’s built on research, experience, and fine-tuning.
But when doubt infiltrates, it can cause you to question the very foundation of your strategy.
Before you know it, you won’t even have a strategy anymore.
You’ll just act on impulsive trades. And this is one of the MAIN reasons traders blow their accounts.
Patience, Passion and Persistence are the keys to SUCCESS.
FINAL WORDS:
You now have the power to overcome doubt.
Save this article, print it and let’s stop doubting.
Missed Opportunities:
Doubt makes you hesitate and miss out on profitable trades.
Loss in Confidence:
Doubt erodes your self-belief, making you hesitant and indecisive.
Alter in Your Current Trading System:
Doubt leads to impulsive changes, disrupting your trading strategy.
Remember, every trader faces doubt.
It’s how you handle it that sets you apart.
Embrace confidence, trust your system, and watch your trading soar.
SPX500 – Markets Brace for GDP and PCE-Driven VolatilitySPX500 – Overview
More Fedspeak, More Questions
Wall Street points to a soft opening on Thursday as investors digest Fed Chair Jerome Powell’s caution on stretched equity valuations, a warning that injected a note of restraint after this year’s strong market rally.
Traders are bracing for high volatility, with a heavy lineup of Fed speakers today and key U.S. data releases ahead: the final estimate of Q2 GDP later today and the PCE inflation report tomorrow.
Stronger-than-expected GDP could dampen rate-cut expectations and pressure equities, while weaker data would support a more dovish outlook.
Technical View
The SPX500 remains in a range-bound setup, awaiting a catalyst for the next directional breakout.
Bearish Scenario:
A confirmed 1H close below 6,634 would signal a downside break, targeting 6,597 → 6,577.
Negative sentiment could accelerate if GDP prints stronger than expected, reinforcing a bearish bias.
Bullish Scenario:
Stability above 6,635 keeps price consolidating between 6,635 – 6,663.
A confirmed 1H close above 6,663 would trigger bullish momentum toward 6,698.
Key Levels
Pivot: 6,635
Resistance: 6,663 – 6,698
Support: 6,615 – 6,598 – 6,577
The SPX500 is poised for data-driven volatility. Watch GDP and PCE prints for a breakout cue:
Strong GDP → bearish break below 6,634.
Softer data → bullish breakout above 6,663.
SPX is absolute in the garbage now! Great inverse playI've been saying this for a few weeks now and all those who bought at the top are now official bag holders. There's a lot more bleeding that will happen. First, SMA9 crossed (check), next we'll see aggressive drop crossing SMA50, maybe some consolidation, and if it drops below SMA200, we're in for some interesting times. Don't stress, here's your play.....check out CBOE:UVIX , CBOE:MSTZ for inverse plays. There's still some nice upside. When they say, don't sell, you sell otherwise you'll be exit liquidity! I've seen this way too many times. Best of luck!
FOMC 100% Breakout (Check) - Key Resistance and 6500 Gamma PinFOMC was in fact a NOISE candle
So I measured the candle, projected a 100% breakout bullish and bearish
Bulls took the bait and ran higher, but still resistance @ 6700 seen today and hopefully
a short-term window to see a bit of a slide lower into some technical levels
EMA support levels
-watching the 21 period daily EMA
-watching the 50 period daily EMA
6550 FOMC candle lows from last week
6500 Gamma Pin with JP Morgan's quarterly collar trade
This is the first day in several weeks where I've seen some actual follow through
in negative gamma option flows
If futures grinds prices lower, the cascade may take hold and we can see a 100-200 point
selloff quickly in the S&P
I still like scooping up premium and buying the dips, but hopefully at more attractive levels
like 4-5% lower or even 8-10% lower
Let's see how it plays out. I'll be in the markets grinding per usual.
Thanks for watching!!!
Could we see a bearish reversal?S&P500 (US500) is rising towards the pivot which acts as an overlap resistance and could reverse to the 1st support.
Pivot: 5,544.64
1st Support: 6,594.19
1st Resistance: 6,696.24
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US 500 in a "melt-up" phaseOutlook
US 500 is currently in a "melt-up" phase, trading near record highs, with a positive bias for the short to medium term. The primary drivers are strong earnings, recent Federal Reserve rate cuts, and continued investment in the technology and AI sectors. While the market is showing some signs of consolidation and potential volatility, the overall trend remains bullish. Analysts are forecasting the possibility of the index reaching 7,000 by year-end, contingent on continued favorable macroeconomic data and a sustained dovish stance from the Fed. However, a degree of caution is warranted due to stretched valuations and geopolitical uncertainties.
Fundamental Analysis
The bullish sentiment is underpinned by solid fundamental support. Corporate earnings momentum is strong, with analysts forecasting a 9.4% growth in US 500 year end profits. This growth has surprisingly outpaced potential headwinds from trade tensions and economic slowdown risks. The market rally has been driven by a resilient corporate sector that has successfully expanded profit margins, even amid various economic challenges.
The market's performance is not solely based on a multiple expansion i.e., higher valuations, but is significantly supported by actual profit growth, which accounts for a substantial portion of the index's year to date return. This suggests that the rally is not a "bubble" but rather a reflection of genuine corporate strength. Furthermore, the market rally is beginning to broaden beyond the "mega-cap" tech stocks, with small-cap and value stocks showing renewed strength, a trend often associated with expectations of lower interest rates and a more robust, widespread economic expansion.
Technical Analysis
From a technical perspective, the US 500 is in an intermediate uptrend. The index is currently testing a key resistance zone between 6,675 and 6,700 points. The ability to break and hold above this range is crucial for a continued move higher toward the 7,000 target.
Resistance: The immediate resistance is in the 6,675 –6,700 range.
Support: Support to watch is 6,610 and a stronger support at 6,555. Holding above these levels is essential to maintain the current bullish trend. A break below 6,555 could signal a deeper correction.
Momentum: RSI suggests that while a period of consolidation or a minor pullback is possible, a major sell-off is not yet indicated by this metric alone.
Outlook: As long as the index holds above the stated support pivots, the technical outlook remains positive.
Analysis by Terence Hove, Senior Financial Markets Strategists at Exness
Will the U.S. Supreme Court strike down tariffs?In November 2025, the U.S. Supreme Court could issue a historic ruling: determining whether President Trump alone has the right to impose tariffs without going through Congress. Behind this legal debate lies a major issue for U.S. trade policy and the balance of powers.
The role of the Supreme Court
As the highest judicial authority in the country, the Supreme Court has the power to uphold or strike down any measure that does not comply with the Constitution. Its decisions are final and binding on all institutions. In this case, the Court must assess whether the President overstepped his authority by using the International Emergency Economic Powers Act (IEEPA) to impose tariffs.
Thanks to the principle of judicial review, the Court must verify whether the executive branch respects the separation of powers. For decades, presidents have invoked the IEEPA to act quickly, especially in times of economic tension. This practice, tolerated until now, is now being challenged.
A decisive choice – two possible outcomes:
• If the Court confirms presidential power, the White House will retain broad freedom to impose tariffs without immediate checks.
• If the Court limits or cancels this power, Congress will once again become the central actor in trade policy, slowing decisions but restoring institutional balance.
The issue goes beyond the legal framework. A confirmation would strengthen the executive and could encourage a more aggressive approach in international negotiations. Conversely, a restriction would force a return to legislative compromise, complicating the implementation of economic sanctions but providing greater predictability to trading partners.
A possible turning point for Fed monetary policy
This ruling could redefine U.S. trade policy for years to come. It will influence how Washington manages trade disputes, conducts international negotiations, and balances power between the President and Congress. It will also strongly impact the Fed’s future monetary policy trajectory and, more broadly, financial markets.
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SPX500 – New Highs as Nvidia–OpenAI Deal Lifts Market SentimentSPX500 – Overview
U.S. indices hit new highs as markets digested fresh headlines, including Nvidia’s (NVDA) plan to invest up to $100 billion in OpenAI, with the first data-center gear expected to ship in the second half of 2026.
Analysts are split on the deal: bulls view it as confirmation that OpenAI sees no alternative to Nvidia GPUs, while skeptics question why Nvidia would fund a customer to buy its own equipment.
Attention also turns to the September flash PMIs, which will test U.S. economic resilience amid tariffs. Australian PMIs disappointed, but they carry little correlation to U.S. growth.
Technical Analysis
SPX500 has reached the key 6,700 resistance and is stabilizing above it, signaling continuation of the bullish trend while price trades above this pivot.
Bullish Path:
As long as price holds above 6,700, upside targets remain 6,722 → 6,742 → 6,780.
A strong 1H close above 6,742 would confirm further bullish extension.
Bearish Path:
A confirmed 1H close below 6,698 would signal a short-term correction toward 6,670.
For a deeper bearish shift, price must break the 6,663 pivot on a 1H close, opening the way to 6,634.
Key Levels
Pivot: 6,700
Resistance: 6,722 – 6,742 – 6,780
Support: 6,672 – 6,663 – 6,634