US500 slipped on AI-bubble fears and the Hawkish Fed
Stocks weakened last week as the Fed’s revived hawkish tone and mounting concerns over stretched AI valuations outweighed strong earnings from major AI names.
Despite upbeat 3Q results, fears of an AI bubble continued to build. AMD CEO Su highlighted insatiable demand for AI chips, projecting the data-center market to reach 1tln USD by 2030 and forecasting an average annual growth rate of 35% for AMD over the next five years.
Morgan Stanley warned of an impending power shortage within a year as AI expansion accelerates. while Microsoft CEO Nadella pointed out that the biggest bottleneck is not compute capacity but power, noting that parts of the company’s GPU inventory lack sufficient power connectivity.
US500 briefly retested the support at 6650 before rebounding. EMA21 has death-crossed EMA78, indicating a potential shift toward a bearish structure.
If US500 fails to close above the support at 6700, the index could retreat toward 6650. Conversely, if US500 breaches above both EMAs and the resistance at 6800, the index may advance toward the following resistance at 6920.
Trade ideas
The U.S.–China Trade War1. Background: Why the Trade War Started
a. Massive Trade Imbalance
For decades, the United States imported far more goods from China than it exported. By 2017, the U.S. trade deficit with China exceeded $375 billion, which American policymakers viewed as evidence of unfair trading practices.
b. Intellectual Property (IP) Theft and Technology Transfer
U.S. companies complained that China forced foreign firms to share technology in exchange for market access. Additionally, the U.S. accused China of:
Stealing intellectual property through cyber intrusions
Subsidizing state-owned enterprises with cheap credit
Dumping low-cost goods in global markets
These practices, according to the U.S., distorted global competition.
c. China’s Rise as a Technological Power
China’s “Made in China 2025” strategy aimed to dominate high-tech industries such as robotics, AI, aerospace, and semiconductors. The U.S. viewed this as a threat to its long-term technological leadership.
d. National Security Concerns
American officials argued that Chinese tech companies like Huawei could pose espionage threats. The trade war soon blended with a tech war and a strategic rivalry.
2. The Escalation Phase: Tariffs and Counter-Tariffs
a. Initial U.S. Tariffs (2018)
The U.S. imposed tariffs on $50 billion worth of Chinese goods, targeting machinery, electronics, and industrial components. China responded with tariffs on American agricultural products like soybeans, pork, and dairy.
b. Expansion to Consumer Goods
As tensions escalated, the U.S. placed tariffs on an additional $200 billion worth of Chinese goods, including consumer items such as:
Furniture
Electronics
Clothing
Household items
China retaliated with tariffs on $60 billion of U.S. goods.
c. Final Wave and “Phase One Deal”
By late 2019, almost two-thirds of U.S.–China trade was under tariffs. In January 2020, both countries signed the Phase One Agreement, where China agreed to purchase more American goods and strengthen intellectual property protection. However, the deal did not address deeper structural issues.
3. Beyond Tariffs: The Technology and Investment War
a. Restrictions on Chinese Tech Firms
The U.S. restricted Huawei, ZTE, and other Chinese companies from accessing:
U.S. semiconductor technology
5G infrastructure equipment
Key software like Google services for Android
Huawei was placed on the “Entity List,” preventing American firms from supplying critical components.
b. Semiconductor War
Semiconductor technology became the center of conflict. The U.S. banned China from acquiring advanced chips and restricted chip manufacturing equipment from being exported to Chinese firms. This was aimed at slowing China’s progress in AI, quantum computing, and advanced communications.
c. Investment Restrictions
Both countries tightened rules on foreign investment:
The U.S. restricted Chinese investments in critical technologies.
China increased control over foreign companies through cybersecurity and data-security laws.
This created a decoupling of financial and technological systems.
4. Impact on China
a. Economic Slowdown
China’s export-led growth model faced challenges. Although China remained a major global exporter, companies diversified supply chains away from China toward countries like:
Vietnam
India
Bangladesh
Mexico
b. Pressure on Manufacturing and Technology
Restrictions on semiconductors severely affected high-tech sectors. China accelerated self-reliance strategies by investing heavily in domestic chip production and R&D.
c. Weakening Consumer Confidence and Capital Outflows
Uncertainty caused foreign investors to move capital out of China, affecting markets, real estate, and currency stability.
5. Impact on the United States
a. Higher Costs for Consumers
Tariffs on Chinese goods raised prices for U.S. households. Since many consumer electronics, clothing items, and household goods came from China, Americans faced higher inflationary pressure.
b. Pain for U.S. Farmers
China’s tariffs on American soybeans and agricultural products hit U.S. farmers hard. The U.S. government provided billions of dollars in subsidies to offset losses.
c. Supply Chain Disruptions
U.S. companies relying on Chinese manufacturing—such as Apple, automakers, and retail brands—faced rising production costs and logistical complexities.
d. Push for Manufacturing Reshoring
The U.S. government increased incentives to bring manufacturing back home or shift it to allied countries like Mexico, India, and Vietnam.
6. Global Impact: Redefining Global Supply Chains
a. Rise of “China+1” Strategy
Companies worldwide began reducing dependence on China by diversifying production. India, Vietnam, and Southeast Asia gained momentum as alternatives.
b. Fragmentation of Global Trade
The world economy became more regionalized:
U.S.-led trade blocs (USMCA, Indo-Pacific Economic Framework)
China-led initiatives (RCEP, Belt and Road Initiative)
c. Impact on Emerging Markets
Some countries benefited from shifting supply chains, while others faced instability due to global uncertainty.
d. Inflation and Global Slowdown
Tariffs increased global costs, contributing to inflation across multiple sectors such as electronics, textiles, and consumer goods.
7. Strategic Competition: Trade War → Tech War → Cold War 2.0
The conflict has transformed into a broader geopolitical rivalry. It now includes:
AI competition
Military modernization
Spy balloon and cyber espionage disputes
Competing global standards
Tech alliances and sanctions
Both nations are preparing for long-term strategic competition.
8. Current Status and Future Outlook
a. Tariffs Largely Remain
Despite leadership changes in the U.S., most tariffs are still in place.
b. De-risking, Not Full Decoupling
The world is moving toward reducing reliance on China without a complete separation.
c. Semiconductor restrictions will intensify
The chip war is expected to become the central battlefield for technological dominance.
d. Global trade order is shifting
The WTO’s influence is weakening as bilateral trade battles rise.
e. Possibility of Future Negotiations
Although tensions are high, economic interdependence means negotiations remain possible.
Conclusion
The U.S.–China trade war is far more than a dispute over tariffs. It is a historic economic and geopolitical struggle that reflects a deeper rivalry between the world’s two largest powers. What began as a disagreement over trade imbalances and intellectual property has expanded into technology, security, and global influence. Its ripple effects have transformed global supply chains, increased geopolitical divisions, and ushered in a new era of strategic competition. As both countries continue to assert their economic and technological ambitions, the trade war is likely to remain a defining feature of international relations for years to come.
S&P Comparison With October 2021 PeakThe yellow bars are cloned from S&P’s move starting from October 2021 which ended with a peak followed by a long downtrend. The patter seems almost identical. Let’s see if it will make the same move that I’ve also added. Rsi and Macd show negative divergences. Don’t forget to look at the weekly and monthly charts as well to see a better vision forward.
$SPX and QQQ have completed 5 wavesSP:SPX and NASDAQ:QQQ charts concern me. They have completed 5 waves. The question is if the 5th is extending. If it is extending, then we've completed i of 5 and in ii of 5.
ii of 5 right now is a flat.
Wave 3 is just short of 2.681% of Wave 1 and Wave 5 (or i of 5) is just short of 0.618% of Wave 1, all acceptable ratios for those waves.
If Wave 5 is not extending, then we're in the early stage of a correction to at least 38.2% (6123 or 200 DMA retracement), possibly 50% retracement (5877) .
There is negative divergence on RSI -- lower highs while the index made higher highs.
If the indices enter into a 10-20% correction, BTC is probably going to $75K or lower.
$SPX The trend remain up, but it's crucial to stay alert!SPX: Analyzing the weekly chart, at first glance, it seems that everything is under control. However, since the formation of the doji three weeks ago, the SPX has lost upward momentum, despite Friday's attempt with a positive opening that failed to consolidate by the close of trading.
It's clear that the 10-week simple moving average is on the market's radar and is currently holding. We can also draw a blue oblique support line; however, last week's doji is signalling uncertainty in the market, in addition to having closed below the horizontal support level at 6754.
Meanwhile, the MACD is about to issue a sell signal. For now, the SPX remains fine, but it needs to hold firm; otherwise, it might need to test the strength of the next support level, located at 6550, where the 20-week simple moving average will also be found next week.
The stakes are high!
sp500🔹 Overall Outlook and Potential Price Movements
In the charts above, we have outlined the overall outlook and possible price movement paths.
As shown, each analysis highlights a key support or resistance zone near the current market price. The market’s reaction to these zones — whether a breakout or rejection — will likely determine the next direction of the price toward the specified levels.
⚠️ Important Note:
The purpose of these trading perspectives is to identify key upcoming price levels and assess potential market reactions. The provided analyses are not trading signals in any way.
✅ Recommendation for Use:
To make effective use of these analyses, it is advised to manually draw the marked zones on your chart. Then, on the 15-minute time frame, monitor the candlestick behavior and look for valid entry triggers before making any trading decisions.
SPX 1D Close Up Corrective to (4) and finishing the year STRONG!Based on this count I believe that the markets will begin to go corrective starting this next week into October and finishing the year at higher highs. As always trade responsibly and wait for your confirmation bias (whatever that might be)...
SPX500USD could still go upHi traders,
Last week SPX500USD went up and down and on Friday evening it started an impulsive move up again.
The pattern could be an ending diagonal (wave 5) or an (orange) wave 4 Triangle (both exist of internal three waves).
So next week we could see more (corrective or impulsive) upside for this pair.
Let's see what the market does and react.
Trade idea: Wait for a small correction down on a lower timeframe. After a change in orderflow to bullish you could trade longs.
This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.
But I react and trade on what I see in the chart, not what I've predicted or expect.
Don't be emotional, just trade your plan!
Eduwave
S&P Key Trading LevelsKey Support and Resistance Levels
Resistance Level 1: 6866
Resistance Level 2: 6890
Resistance Level 3: 6920
Support Level 1: 6704
Support Level 2: 6675
Support Level 3: 6650
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
SPX NOV 2025SPX rejects 6900 supply, holding 6700.
Distribution 6900/6150.
Up tgt 6955-7000, down tgt 6500-6400.
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S&P500 The Week Ahead Key Trading Levels Key Support and Resistance Levels
Resistance Level 1: 6866
Resistance Level 2: 6890
Resistance Level 3: 6920
Support Level 1: 6704
Support Level 2: 6675
Support Level 3: 6650
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
S&P 500 Daily Chart Analysis For Week of Nov 14, 2025Technical Analysis and Outlook:
The most recent trading session exhibited a significant decline in the S&P 500 Index, highlighting the significance of our Key Resistance target, marked as 6893, situated just below the Outer Index Rally 6,946. The index has now retested the Outer Index Dip at 6,642, and it tipped its hand that it wants to go higher. This current position indicates the potential for further upward movement, with the target established at the Mean Resistance level of 6,849 and a well-structured extension towards the Key Resistance level of 6,893, with an ultimate target for the Outer Index Rally set at 6,946.
Nevertheless, it is crucial to acknowledge the possibility of a drawdown in the forthcoming week's trading session, which could nibble at the Mean Support of 6,700, possibly resulting in a further decline to the "Do That to Me One More Time" Outer Index Dip at 6,642 before ultimately resuming an upward trajectory.
Master Correlation Strategies: Types, Tools and Strategies1. What is Correlation and Why It Matters?
Correlation measures how two instruments move relative to each other.
It ranges from –1 to +1:
+1 (Perfect Positive Correlation): Both move in the same direction consistently.
–1 (Perfect Negative Correlation): They move in opposite directions consistently.
0 (No Correlation): Movements are unrelated.
Traders use correlation for:
Predicting asset behavior
Avoiding overexposure
Finding intermarket confirmation
Enhancing risk-reward
Detecting market sentiment shifts
Building multi-asset strategies
If you’re a short-term, positional, or intraday trader, correlation can help filter false signals and improve decision accuracy.
2. Types of Correlation Used in Trading
A) Direct Correlation
Two assets move together.
Example: Nifty and Bank Nifty, Crude Oil and Oil & Gas stocks, US Dollar vs USDINR.
This helps in confirmation:
If Nifty is bullish but Bank Nifty lags, the market may be weak.
B) Inverse Correlation
Assets move opposite.
Example:
Gold vs Equity markets
Bond yields vs Stock indices
VIX vs Nifty
Useful for hedging and identifying risk-off sentiments.
C) Rolling Correlation
Correlation changes over time.
Markets evolve, so a dynamic (rolling) view helps traders understand whether relationships are strengthening or weakening.
D) Lead-Lag Correlation
One asset moves first, another follows.
Example:
US markets lead Indian markets
Dollar Index moves before major commodities
US 10-year bond yields lead global risk sentiment
This helps predict future price behavior.
3. Tools to Measure and Apply Correlation
1. Correlation Matrix
Used to check correlations among multiple instruments.
Especially handy for portfolio traders and sector-based strategies.
2. Scatter Plots
Used to visualize relationships and identify the strength and slope of correlation.
3. Rolling Correlation Charts
Shows how correlation changes over time.
4. Heat Maps
Popular in institutional trading to track multi-asset relationships quickly.
5. Market Internals Data
Such as advance-decline ratio, VIX, bond yields, and sector performance.
4. Master Correlation Strategies for Traders
Strategy 1: Multi-Index Confirmation Strategy
Before entering a trade on Nifty, check:
Bank Nifty
FINNIFTY
India VIX
USDINR
If Nifty gives a breakout but Bank Nifty and FINNIFTY remain weak, avoid the trade.
This reduces false breakouts dramatically.
How it works:
Strong correlation improves accuracy
Weak/negative correlation signals uncertainty
VIX acts as a sentiment filter
Great for positional and intraday index traders.
Strategy 2: Sector-Based Correlation Mapping
Most big moves in indices come from sector rotation.
Check:
IT Sector correlation with NASDAQ
Bank Nifty correlation with bond yields
Energy stocks with global crude oil
Pharma with USDINR
Example:
If crude oil falls, OMC stocks like IOC/HPCL/BPCL tend to rise.
If NASDAQ is weak, Indian IT stocks generally face pressure.
Sector correlation helps traders anticipate moves before they appear on charts.
Strategy 3: Risk-On vs Risk-Off Correlation Strategy
Use inverse correlations to identify sentiment shifts.
Risk-On Indicators:
Nifty up
USDINR down
VIX down
Crude oil stable
Bond yields stable
Risk-Off Indicators:
Gold up
Dollar index up
Bond yields up
Equities fall
VIX spikes
When 3–4 indicators align, the market enters a clear sentiment phase.
Traders use this to:
Avoid contra-trend trades
Catch early reversal signals
Manage position sizing
Strategy 4: Pair Trading with Correlated Assets
Pairs trading works best when you find strongly correlated instruments.
Example:
HDFC Bank vs ICICI Bank
TCS vs Infosys
SBI vs Bank Baroda
If correlation is 0.85+, and one stock rises while the other lags, traders take:
Long position in the undervalued one
Short position in the overvalued one
Profit comes when correlation returns to normal.
This is a favorite hedge-fund strategy because:
Low risk
Market-neutral
Works in all market conditions
Strategy 5: Currency-Commodity Correlation Strategy
Many commodities move based on currency trends.
Key correlations:
USDINR vs Gold
DXY vs Crude Oil
DXY vs Metals (Copper, Silver, Aluminium)
If DXY rises sharply, commodities generally fall.
Traders use this to create multi-market confirmation:
If DXY is bullish → Crude sells off → OMC stocks rise
If USDINR spikes → IT stocks gain strength
This strategy links currency, commodities, and equities in one structure.
Strategy 6: Global Market Correlation Strategy
Indian markets follow global cues.
Check:
US Futures (Dow, S&P, Nasdaq)
Asian Markets (Nikkei, HSI, Shanghai)
European Futures (DAX, FTSE)
US Bond Yields
Dollar Index
If global sentiment is aligned (e.g., all red), avoid long trades even if Nifty supports.
This strategy prevents trading against the global flow, reducing risk significantly.
Strategy 7: Time-Frame Correlation Strategy
Correlations differ across timeframes.
For example:
Intraday correlation between Nifty and Bank Nifty is strong
Weekly/monthly correlation may differ
Traders use multi-timeframe correlation to confirm:
Trend
Volume flow
Breakout strength
Retracement quality
If daily correlation is strong but intraday weak, market may be choppy.
5. Advantages of Master Correlation Strategies
✔ Improved accuracy in signals
✔ Prevents overexposure
✔ Filters out false breakouts
✔ Better understanding of market sentiment
✔ Identifies leading indicators early
✔ Helps in constructing diversified portfolios
✔ Offers hedge-based safety during volatile times
6. Common Mistakes Traders Make
Relying on static correlation values
Ignoring rolling correlation changes
Overtrading based on correlation alone
Assuming correlation means causation
Ignoring news events that break correlations temporarily
Always combine correlation with price action, volume profile, and market structure.
7. Final Conclusion
Master correlation strategies allow traders to see the market as a connected ecosystem instead of isolated assets. By studying how indices, sectors, currencies, commodities, and global markets move together, you gain a powerful advantage. Correlation is not about predicting the future but understanding context, filtering noise, and increasing conviction. When correlation aligns with market structure analysis and volume behavior, you unlock the highest probability trades with lower emotional stress.
S&P 500 instant pullback to 6100 index points/SPX strong drop Recent market dynamics suggest that the S&P 500 is entering a structurally vulnerable phase, in which valuation extension, momentum fatigue, and deteriorating breadth are becoming increasingly evident. The index’s move toward the 6,920 level represents a meaningful dislocation from its prior equilibrium near 6,245, following an unusually rapid ~35% appreciation from May to November — such acceleration is historically difficult to sustain without a subsequent period of normalization.
From a longer-term vantage point, the S&P 500’s rise from the depths of the 2008 crisis (~800–1,000 index points) to present levels underscores the magnitude of the rally and the extent of multiple expansion embedded in the current valuation base.
From a technical and quantitative perspective, the 1-month StochRSI is beginning to turn lower, signalling a loss of trend durability at a time when price is exhibiting characteristics typically associated with late-cycle exhaustion. When momentum decelerates while price continues to extend, markets often transition into fast, liquidity-driven retracements rather than orderly consolidations.
Against this backdrop, a corrective phase in the magnitude of 7–10%*appears increasingly plausible. Should this materialise, the probability rises for the index shifting into a sequence of lower highs, effectively re-introducing two-way risk after months of one-directional flow dominance.
From a longer-term risk view, a more extended decline toward the 4,200index-point region cannot be ruled out, given how stretched valuations and momentum have become.
For institutional participants, this environment warrants a disciplined reassessment of exposure, with selective hedging or tactical downside positioning considered within a well-defined risk-management framework.
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#SP500 #Equities #GlobalMarkets #MarketOutlook #RiskManagement
#Volatility #MacroStrategy #AssetAllocation #MarketStructure
#QuantResearch #TechnicalAnalysis #InvestmentStrategy
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S&P At The End Of The Trend?Seems like on the weekly and monthly charts, the S&P has completed a 5 wave Elliott which started in fall 2022, exactly 3 years ago. The indicators also seem getting weaker on both time frames. Probably there is a distribution going on. Everybody you see is talking about a recession in 2026, mostly towards the middle of the year and we will have a Christmas rally this year. Well, by now we have learned that if everybody is expecting something to happen, either it doesn’t happen or it happens earlier . We’ll see because nobody knows the future. Though, as I see, most people now are in the mood that every fall is a buying opportunity and “this time it’s different” with ai. So many cocky opinions flying around. Maybe this time it’s different but for now, I am thinking that we will have a 3 wave Elliott downwards. Actually, I didn’t like the sentiment that is going around. We’ll see if we will wear our shorts in winter.
$SPX SPX 1H - Downside ContinuationSP:SPX - Check Weekly and Daily charts as well
After the sharp bounce off the 9/16–11/7 demand zone, price is stalling under the 10/24–11/4 supply box (~6780–6800) and printing a lower high with a red rejection candle. Base case is continuation lower, with a grind from ~6750 toward 6720 support; if we get a 1H close below ~6710, expect a hunt of the prior spike low in the mid-6600s near the top of the 9/16–11/7 demand zone. Key trigger: a 1H close below ~6740 that is not reclaimed on the next bar confirms the 6720 test. Bias stays bearish while below ~6785.
The S&P 500 is flirting with a close below the 50-day moving aveThe S&P 500 is flirting with a close below the 50-day moving average for the first time since April.
This level has acted as reliable support twice already, and so far the index is reacting in a similar way.
However, the RSI is showing a clear bearish divergence, suggesting momentum is weakening even as price pushed to new highs in October–November.
🔎 Key levels to watch:
• 50-day MA — primary support
• RSI structure — persistent lower highs
• Recent swing lows — potential breakdown trigger if the 50-day MA fails
Price is at an inflection point: either the 50-day holds again, or we finally get a deeper pullback after months of strength.
US500 Analysis: Tech Pullback & Rates UncertaintyThe US500 is undergoing a short-term correction driven by weakness in the Technology and AI sectors, coupled with renewed uncertainty about the Federal Reserve's rate path. While near-term momentum is bearish after a significant daily decline, the longer term uptrend remains intact, with defensive sectors showing relative resilience. The market is positioned for a consolidation phase pending clarity on monetary policy and tech earnings stability.
Fundamental Analysis
Key Driver: The dominant negative factor is the retreat in the Technology and AI-linked sectors, which previously drove the index to record highs. Disappointing earnings and profit-taking in stocks like Tesla (-4%) and Palantir (-4%) fueled the slide.
Macro Headwinds: Investor sentiment is pressured by two main macro themes:
Federal Reserve Policy: Expectations for a December rate cut are fading due to mixed economic signals, dampening risk appetite and increasing the appeal of safer assets like Treasury bonds (higher yields).
"AI Bubble" Fears: Market participants are becoming concerned that valuations in the AI/Tech space may be stretched, leading to a rotation out of high growth names and into defensive and value sectors.
Long-Term Context: Despite the recent 1.5% drop, the US500 is still up 1.6% over the last month and a significant 13.5% year-over-year, indicating that the foundational, broader market strength is holding up.
Technical Analysis
Price Action: The index is trading below 6,700, confirming a break below the immediate support level of 6,700. This follows the worst single day performance in over a month.
Short-Term Momentum: Bearish. Selling pressure is evident, particularly in the highly-weighted tech components.
Key Levels:
Immediate Resistance: 6,885. A move back above this zone is needed to alleviate immediate bearish pressure.
Key Support: 6,600 – 6,550. This area represents the critical defense line; a break below here could trigger broader, accelerated selling.
Sentiment Analysis
Current Mood: The prevailing sentiment is cautious to defensive.
Market Positioning: Traders are actively hedging for potential further downside, evidenced by options flows and fund positioning. This suggests investors acknowledge the risks but are not in a state of panic.
Outlook
The base case is for the US500 to enter a period of consolidation within the range of 6,550 to 6,800 into year end.
Upside Potential: Buying interest is expected to return on further pullbacks, especially if the upcoming economic data is strong enough to support corporate earnings and the Federal Reserve pivots back to a more dovish stance.
Key Risk: Continued uncertainty regarding the Fed's rate decision and further significant earnings disappointments from the Technology sector remain the primary threats to the consolidation thesis.
Outlook Interpretation: The current slide is largely viewed as a necessary valuation reset or healthy correction in the high flying tech sector, rather than the start of a full-blown market crash. Recovery potential is seen, but not without elevated volatility.
Analysis is by Terence Hove, Senior Financial Markets Strategist at Exness
SPX – Bounce or Break?The latest sell-off comes as higher yields and softening growth expectations weigh on risk. SPX is now testing the lower bound of the August channel and the anchored VWAP – a crucial confluence.
A reaction here sets the tone. A bounce could keep the structure intact, while a clean break opens the door to a broader correction and more cash waiting on the sidelines.
What’s your read?
Get ready for 7000Price has completed a clean 5-wave impulse followed by an ABC correction, now landing right on trendline support. If this C-wave holds, the setup hints at the beginning of a fresh bullish leg toward the 7000 psychological level. Watching for confirmation—momentum shift, higher lows, and volume pickup. Bulls might not be tired of winning just yet.
Remember to ignore the noise, follow technicals and you’ll always end up on the right side of the trade ! Good luck and wait for confirmation
S&P500 H1 | Bullish Bounce off Key SupportMomentum: Bullish
Price is currently within the bullish ichimoku cloud.
Buy entry: 6,817
- Strong overlap support
- 23.6% Fib retracement
- 127.2% Fib extension
Stop Loss: 6,774
- Swing low support
Take Profit: 6,874
- Swing high resistance
Stratos Markets Limited (tradu.com/uk ), Stratos Europe Ltd (tradu.com/eu ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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