US500 SELLPossible Setup. Higher TF is bearish based on price action. Market reacting to fib area. Let's see if the sellers are in for the downsideShortby WiLLProsperForexUpdated 3
SPx (Sensitive Bearish movement )The price is currently following a bearish trajectory, targeting a level of 4997. It is essential for the price to close a 4-hour candle below this level to continue the downtrend towards 4953. Stabilizing the price below 5054 will reinforce the bearish trend, potentially leading to price levels of 5021 and then 4997. Therefore, the expected range of movement could be significant until the weekly candle closes. Additionally, it is possible for the price to reach the resistance line at 5080, which would occur if the price breaks through the 5054 barrier. Pivot Line: 5054 Resistance Levels: 5080, 5104, 5138 Support Levels: 5021, 4997, 4954 Today’s expected trading range is between the support at 4997 and the resistance at 5080.Shortby SroshMayi6
S&P500 4H Channel Up aiming higher.This is a short-term outlook on the S&P500 (SPX) following yesterday's Fed Rate Decision. The short-term pattern on the 4H time-frame is a Channel Up and is giving us some important developments. Even though yesterday's attempt to stay above the 4H MA50 (blue trend-line) failed, the index managed to stay on the Channel Up bottom (Higher Lows trend-line) and is since rising steadily on green 4H candles, attempting to form a bottom (Higher Low). A closing above the 4H MA50 can be the bullish confirmation this pattern needs but outside of it, we see the Ichimoku Cloud turning green again for the first time since April 09. If the 4H MACD completes the emerging Bullish Cross, we will have a strong bullish mix in our hands and most likely the Channel Up will go first for a 4H MA200 (orange trend-line) test, since last time it was rejected on the 1D MA50 (red trend-line) and eventually complete a +4.00% Bullish Leg (like the previous one) at 5200. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot26
SPX has toppedthere is a confluence of time and fib levels, the market will fall in 1-4 weeks. what will be the narrative ? idk , there is an Elliott wave count that says this is a major yearly high, but I don't want to believe it cause that would be catastrophic for the world, I hope it's just a pullback of 10-15%.Shortby trollistUpdated 242435
All you need to know about yesterday's FOMC meetingYesterday's FOMC meeting concluded with a decision to keep the monetary policy unchanged, leaving the federal funds rate at 5.25% to 5.5%. During the subsequent press conference, Jerome Powell outlined the solid state of the economy alongside heightened inflationary pressures. Notably, he disclosed plans to commence with the reduction in quantitative tightening starting from June 2024; per the statement, the cap on Treasury redemptions will be lowered to $25 billion per month from the current $60 billion per month. Market sentiment reacted positively to this news, with indices soaring during the chairman's address. However, a more hawkish tone regarding rate cuts was seemingly ignored at first when Jerome Powell admitted a lack of progress in taming inflation over the past few months, requiring the central bank to keep interest rates steady for longer; though, the chairman was swift to deny any prospects of future interest rate hikes. In summary, despite initial market enthusiasm following Powell's announcement, lingering concerns over inflationary pressures and the prospect of prolonged interest rate stability may continue to shape future market dynamics. Illustration 1.01 Illustration 1.01 shows the 1-minute graph of the SPX. The yellow arrows indicate the main events of the day. Important statements from Jerome Powel “The economy has made considerable progress toward our dual mandate objectives. Inflation has eased substantially over the past year while the labor market has remained strong and that’s very good news. But inflation is still too high, further progress in bringing it down is not assured, and the path forward is uncertain. We are fully committed to returning inflation to our 2 percent goal.” “Our restrictive stance of monetary policy has been putting downward pressure on economic activity and inflation, and the risks to achieving our employment and inflation goals have moved toward better balance over the past year. However, in recent months inflation has shown a lack of further progress toward our 2 percent objective, and we remain highly attentive to inflation risks.” “The labor market remains relatively tight, but supply and demand conditions have come into better balance. Payroll job gains averaged 276 thousand jobs per month in the first quarter, while the unemployment rate remains low at 3.8 percent.” “Inflation has eased notably over the past year but remains above our longer-run goal of 2 percent. Total PCE prices rose 2.7 percent over the 12 months ending in March; excluding the volatile food and energy categories, core PCE prices rose 2.8 percent. The inflation data received so far this year have been higher than expected.” “We have stated that we do not expect it will be appropriate to reduce the target range for the federal funds rate until we have gained greater confidence that inflation is moving sustainably toward 2 percent. So far this year, the data have not given us that greater confidence. In particular, and as I noted earlier, readings on inflation have come in above expectations.“ “We are prepared to maintain the current target range for the federal funds rate for as long as appropriate. We are also prepared to respond to an unexpected weakening in the labor market.” “Specifically, the cap on Treasury redemptions will be lowered from the current $60 billion per month to $25 billion per month as of June 1.” Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.by Tradersweekly3313
SPX500/USDThe SPX500USD is currently in a favorable buying zone at 5048. Traders are eyeing potential profits at multiple levels: 5077.2, 5102.1, and 5118.8. These take-profit targets indicate strategic points where traders anticipate the price to reach, capitalizing on potential market movements. Additionally, a stop-loss order is set at 5019.1, serving as a precautionary measure to limit potential losses in case the market moves against the anticipated direction. This approach demonstrates a calculated strategy aiming to maximize gains while minimizing risks, reflecting the disciplined and analytical nature of successful trading practices. By adhering to these predetermined levels, traders aim to navigate the complexities of the financial markets with confidence and precision, aligning their actions with well-defined objectives and risk management principles. Longby FOREX_trade_01145
SP500 Everything goodSP500 is on track and is following the idea i shared some days ago. I expect a continuation of the drop till the 4800-4900 area, and probably the target will be hit in May/June. Here i will look for longs to hold till Q4 2024. Updates will followShortby CryptoForexGem1
SPY: Symmetric wedgeWhich way do we go from here? Up or down? RSI, macd and chart pattern all point to breakouts but either way seems possible at the moment...by dmkelley7211
sp500 short, multiday short trade on sp500 . Tp at 4700 multiday short trade on sp500 . Tp at 4700 today's candle marked a bad bearish shadow, a hypothetical prelude to the formation of a bearish leg. possible target 4700 points.Shortby NewHOrizons11
SPX Rolling Over! Don't Get Trapped On A Sinking Ship!Hello my fellow traders! Crazy times for SPX. Many will get confused and have their bias. (Hope it's right). Daily chart in SPX Oanda is in a roll over formation, ma's flipping. Measured move is far enough I thought I should post what I see. Target area 1) 4829.6 Target area 2) 4660. WHAT! I know right. Ya, we could dip to 4660 so please be careful out there. More on this as she plays out. Cheers! Trade careful! Pocket $$$Shortby Trade-Farmer0
A soft landing is unlikely to materializeThe SPX has rallied approximately 3.5% since its lows on 19th April 2024 and well into the two-day FOMC meeting that kicks off today. In line with general market expectations, we do not anticipate any change to the central bank’s monetary policy, and just like on previous occasions, we expect Jerome Powell to reiterate the FED’s commitment to fighting inflation during his speech at the press conference tomorrow. The chairman is likely to praise the economy for its resilience and make remarks about the historically strong labor market in spite of financial tightening. In addition to that, Jerome Powell is probably going to outline challenges the FED faces, most notably accelerating inflation, which became a topic of discussion following the weakness in the stock market after the last print showed inflation rose for the second consecutive month. This fact could lead to his reluctance to discuss the central bank’s move toward easing, which in turn could lead to a resurgence in volatility and weakness in stocks. By keeping interest rates higher for longer, the FED risks constructing a recession on its own, which has been repeatedly a case in history. Therefore, we continue to hold the opinion that a soft landing will not materialize. Instead, signs of recession will become even more apparent. With that said, we believe there is a high chance for a major repricing event to take place in 2024. Illustration 1.01 Illustration 1.01 displays the daily chart of the SPX and two simple moving averages. The yellow arrow indicates a bullish breakout above the 20-day SMA. Now, the 50-day SMA and the price's ability to break through it will be in focus. If the price fails, it will be worrisome. Technical analysis gauge Daily time frame = Bearish Weekly time frame = Bearish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade. Shortby TradersweeklyUpdated 101046
S&P 500 - wobbly AprilYesterday saw a big ‘risk-off’ move across all the major US stock indices. The biggest falls were seen in the tech-heavy NASDAQ 100 and the domestically-focused mid-cap Russell 2000, which ended the day down 2.0% and 2.1% respectively. That was a fitting, if disappointing, end to April for US equities which have struggled to maintain the relentless bullishness which drove US indices higher throughout the first quarter. The Dow, S&P 500 and NASDAQ 100 began to rally at the end of October following a drawn-out decline. By early in the New Year they were regularly posting record highs, and this behaviour continued through to the end of March. But April marked a significant turnaround in sentiment as the prospect of looser monetary policy from the US Federal Reserve began to fade. While the indices have recovered from their weakest levels last month, the Dow, S&P 500, NASDAQ 100 and Russell 2000 ended April down 5%, 4%, 4% and 7% respectively. The selling has continued this morning amid a slew of earnings reports overnight, and ahead of the Federal Reserve’s rate announcement later this evening. Considering corporate results, after last night’s close Amazon reported better-than-expected earnings and revenues, and that has lifted the stock by 2%. But tech darlings Advanced Micro Devices and Super Micro Computer fell over 6% and 9% respectively on disappointing results. Today sees reports from CVS Health, Mastercard, Qualcomm, Pfizer and eBay, amongst others. But Wednesday’s big feature is the Fed’s monetary policy meeting. The market assigns effectively a zero probability of a change in rates. But the accompanying statement, together with Fed Chair Jerome Powell’s subsequent press conference, have the potential to move markets. Looking at today’s trade, it appears that investors are paring back risk on fears of a hawkish tone from Powell and the FOMC.by TylerNorcross0
SP500// ES Key zone 26.9 stm.We have the initial Resistance zone which is the intraday Bias changing zone. Where the market is going to move if ES/ SP500 holding below initial resistance following the FC announcement then the reason to weakness then could still remain in play for move down to initial support. ///////////////// Short-term Neutral-Bearish Intermediate Neutral-Bearish /////////////////by southsiderealtrade2
Do sellers win in the stock market?📊 According to the sales pressure in the market, if the range of 5010 units is broken and the price stabilizes below it, the price may fall to the range of 4990 units🎯, and in case of strength, the range of 4950 units🎯🎯. 📊Otherwise, the possibility of price increase up to the range of 5050 units.Shortby arongroups8
Fed Day and market priced inToday we woke up with a SP Futures Market down on Fed day. The previous days the market was trading in a narrow range, yesterday we saw it crashing down anticipating the Fed day today, and this morning it took another dent until the level reached what we can see in the chart, a touch over the 100 ma support. Keep in mind that after hitting the ATH recently, it went down to this support. The market reacted well and recovered around 50% of the move. Today it´s going down again to the same point, which is interpreted as a test of the support levels. My forecast here is that the market has shaken the tree and is looking for another trip to the ATH levels. We have a positive momentum divergence, Support Line at a strong moving average. It is normal to see a lot of volatility on days like today, so buckle up and enjoy the roller coaster. Longby Madrid336
SPX500 Trade setup Instituional tacticsInstitutional Tactics analysis 1;3+ Risk reward setup This my inclution to the setup if you like my content and signals please Follow and comment Hit the like button and show some love wish you good luck and good tradingShortby AlphaBull-Trading0
SPx (Strong Volatility)S&P 500 The price is on a bearish trajectory aiming for 4997, and it needs to close a 4-hour candle below this level to extend the downtrend towards 4953. The upcoming Federal Reserve rate decision will influence the S&P market. Meanwhile, the price is expected to fluctuate between 4997 and 5039 until a breakout occurs, with a potential retest of 5040 also possible. however, the price will move between 4997 and 5039 till breaking, there is also some retest possibility to get 5040 Pivot Line: 5025 Resistance Levels: 5054, 5080, 5104 Support Levels: 4997, 4954, 4935 Today’s expected trading range is between the support at 4953 and the resistance at 5054.Shortby SroshMayi8
S&P 500The index turned lower before reaching my re-entry sell range. The declining 21-EMA is now acting as a resistance zone. by techpers0
Expanded Flat - Wave C BeginningSPX has possibly completed forming Waves A and B of a complex expanded flat correction, and may be near starting its Wave C. More likely this is the case should TVC:DXY continue up to and above 112-115. See related chart linked below under related ideas. Another possibility is a running flat correction where it turns back up near the 100% fib instead.Shortby dudebruhwhoa2
SPX-Too Much Too Fast-Still bear midtermToday felt a bit fast. Big day for volatility tomorrow with FOMC. There is a chance that we just fallout from here, but something tells me the bulls want to attempt one more time off this 5026 level. by Brukks221
Spx500 ,,, correctionToday, the chart formed a big bearish candlestick and I personally preferred to close all positions. Is the chart going to touch 4820-4800? I hope not. For now, I will watch the market until I am sure of the upward trend of the market.Shortby pardis2
Sell in May and go away "May" apply this year!Sell in May and go away "May" apply this year! We have a wedge break and as my fellow technicians know we almost always rally back for a stubborn fomo bull rally one last "gain" Well... We may get a double top or bottom wedge hit (of course that could lead to overshoot fib extension levels), but eitherway i'm out of almost everything and in UVXY UVIX by end of May! GLTAby candlestickninja0
SP 500 cash Top view of wave structure 5146 +or - 2 The chart posted is my view of the wave structure it is forming . We had two legs of equal in the sp 500 up into 5123 from 4954 .I would be rather bearish BUT cycles are in a time frame coming up and I think I would see a rather complex structure in formation . We have had a.7.3 % Correction >So I have now taken a 40 % net long I did want to add at 5061/5058 .I would look for the sp 500 now to rally into 5146 area to end wave A up to the alt abc rally idea reason is a simple one the decline is corrective and NOT impulsive in the structure as that the TVC:DXY target of 106.6 is nearing best of trades WAVETIMER .by wavetimer5