Bulls and Bears zone for 05-16-2024Yesterday market hitting another ATH got everybody excited. However traders should be cautious. Any test of ETH session High could provide direction for the day. Level to watch: 5331 --- 5329 by traderdan590
S&P 500 - last leg up, after finding the (4)Not much more to say. What you see in the chart: - inverse shoulder head shoulder target - my interpretation of the elliot wave (we are now in wave 4 => more downside possible!) After hitting wave (5) target, there should be an A-B-C correction. This could take 1-2 years!by Crypto-Coin-TraderUpdated 2
Pump the SPX Ponzi - Long live the Munee Printer!OANDA:SPX500USD It would appear to me, price action is in some kind of suppression range like it was before an explosion upwards. If we simply grab the bars pattern from the upward move and overlay them into the channel, you get the following price action respecting future channel boundaries, until the end... So with all that price speculation in mind, let's consider why SPX would continue higher in the first place. Well, economic numbers, simply. Everything is GREAT!! Inflation is down, more jobs are being created, banks are "STRONK and resilient" and there is no housing crisis (tongue firmly in cheek). I wouldn't expect a market crash during an election cycle either. What's the point of losing credibility over a monopolized monetary engine that creates money out of thin air, lends it to a borrower with $35T of debt, then having to face congress and be verbally held accountable for why you kept serving the drinks to an already drunk customer that went out and caused and accident! No one wants that, so I expect more Brrrrrrrrrrrr for now. Cheers! Longby tantamountUpdated 443
spx is bullishSP500 gains ground as traders react to the Initial Jobless Claims report, which showed that 231,000 Americans filed for unemployment benefits in a week. Analysts expected that Initial Jobless Claims would increase from 208,000 to 210,000, so the report missed expectations. Treasury yields moved lower as bond traders bet that the potential slowdown in the job market could force the Fed to be more dovish than previously expected. The yield of 2-year Treasuries pulled back towards 4.80%, while the yield of 10-year Treasuries settled near 4.45%, providing additional support to SP500. Today’s move was broad, and most market segments gained solid upside momentum.Longby MtICHIUpdated 0
SPX still bullish but weekly chart bearish outlook In my view SPX next target is 5500-5530 where could reverse to target 4250 area next year. I would wait for rsi double top in weekly tf to short by mpd0
SPX may end the year above 5295Based on the probabilities indicator, the probability of closing the year above 5295 is 70% based on price data from the last 10 years. To get to use the correct number of years of historical data I pick the period where the green line is close to 68% (the probability of staying within bounds).by alessm65617Updated 0
SPX500USD Awaiting a back-test of the Ascending Triangle , 3rd target is just there to represent a long term hold. Longby SiadoreRUpdated 0
Weaker CPI will push spooze to ATHIntraday Update: The SPX has been grinding against the upper channel resistance since last week. The problem for the market it is not letting bulls in OR letting bears cover shorts. A weaker than expected #CPI could accelerate the move higher above the channel resistance into all time highs.Longby ForexAnalytixPipczar0
And you may find yourself behind the wheel of a large automobileAnd you may ask yourself, "Well, how did I get here?"by kaufman1830
S&P 500S&P 500 is currently in a supply zone. If it breaks above, it could reach around $6000 and continue upward, but if it drops below $4800, I expect a bullish trend to start.Longby ImSoloInvestor0
S&P 500-hovering below all-time highsUS stock indices were a tad firmer this morning following on from yesterday’s mixed session. The main takeaway from Monday’s trade was that the Dow finished a touch lower, and so its run of eight successive positive sessions came to an end. Otherwise, the S&P 500 and NASDAQ 100 continue to consolidate, trading sideways and within spitting distance of their all-time closing highs from the end of March. The mid-cap, domestically-focused Russell 2000 is also consolidating, although it remains around 16% below its own record high from November 2021. It has been a featureless few days as far as the major US indices are concerned. But that’s not to say there hasn’t been some excitement in equity markets. GameStop, that foundation of all things ‘meme’, is back in the headlines. The stock started to rally earlier this month before it jumped on Friday to hit a 10-month high above $20. Then, ‘Roaring Kitty’, the original Reddit contributor who triggered the interest in GameStop, reemerged over the weekend after a long period of silence. GameStop reacted violently on Monday, gapping higher and nearly doubling, before pulling back. It is sharply higher again this morning, as is its fellow meme stock AMC Entertainment. It’s always a laugh to see moves like this, but there’s a serious side too. Such volatility can wipe out investors as quickly as it makes them fortunes. Could this reemergence of meme stock madness signal that reasoned judgement has once again been chucked out of the window, and equity traders are back in casino mode? Hopefully not. Of more importance now are the two US inflation updates this week, with the Producer Prices Index (PPI) later today, and the Consumer Price Index (CPI) tomorrow. These releases, particularly CPI, have the potential to trigger some violent moves across all financial markets. That in turn could set the stage for stock market behaviour over the coming summer months. That may sound a bit dramatic considering that the markets don’t expect any changes in Fed Funds until the third or fourth quarter, but sentiment is everything. If there’s no improvement in this week’s inflation numbers, then investors may feel it’s a good time to cut their exposure and come back in early September after Jackson Hole. by TylerNorcross0
$SPX $SPY BearishChart looks Bearish, Raising wedge, Bear flag, inverted Cup and handle. Bearish for some time.Shortby sairahulmuda0
SPX - Moves of the pastOne more run to take out ur shorts, along with the crypto. Then, everything falls. Let us see. Is not an advice, merely my current thoughts. by nakg3Updated 556
SPx (U.S. Index Futures Edge Higher After Weeks of Gains)U.S. Index Futures Edge Higher After Weeks of Gains Futures for major U.S. stock indexes saw a modest increase on Monday, building on several weeks of consecutive gains. Investors are now focusing on key inflation data due later this week, which will help determine the likelihood of interest rate cuts within the year. The price is anticipated to continue its bullish trend towards 5249, after which it is expected to commence a downward movement upon stabilizing below this threshold. A reversal below 5224 would likely confirm the continuation of a bearish trend, targeting levels of 5195 and 5177. The potential for this bearish trend is attributed to escalating tensions in the Middle East and the upcoming Consumer Price Index (CPI) data release this week. Pivot Line: 5224 Resistance Levels: 5249, 5280, 5302 Support Levels: 5196, 5177, 5150 Today’s expected trading range is between the support 5177 and the resistance 5249.by SroshMayi9
SPX MAY 2024 WEEK 3 OUTLOOK - Daily - bullish, in need of pullback. although this kind of structure on daily hasn't observed a big pullback so far so I will keep an open mind and take longs if they come up. Origin - bullish, in need of pullback. a pull to **5206.79 - 5179.87** and absorption in this zone is what I am looking for. perhaps FED Chair speaking on Tuesday or CPI will push it down. once that happens, I will start looking for buyers to step in.Longby Osiris9921
Random Walk? I Would Rather Have Directions Too many traders think they are taking a Random Walk through these market streets. Well this post is to help them define a direction. Can you use this to target the exact price and day/hour/min? No (well sometimes you can nail it) But just like the Map App on your phone it will get you within a certain degree of accuracy AND you will definitely generally no where you are in relationship to where you want to be More to come!!!Educationby Heartbeat_TradingUpdated 8
ICT unicorn sell model at SPXas it is clear we see a FVG and a lower low after reaching to a new high last week. so I suggest to have a sell model to 5164Shortby MasihNabizadeh1
SPx (bullish movement )SPx New Forecast The price reversed and stabilized at the bullish zone because already at the pivot line which is 5120, so stability at this area means will continue the bullish trend to get 5177 and then will move between 5177 and 5120 till breaking should stable under the pivot zone which is between 5120 and 5103 to be downtrend till 5080 Pivot Line: 5137 Resistance Levels: 5177, 5198, 5249 Support Levels: 5120, 5103, 5080 Today’s expected trading range is between the support at 5120 and the resistance at 5177.Longby SroshMayiUpdated 11
VIX to S&P and ATR modellingVIX to S&P and ATR modelling. This strategy looks at 50 day SMA, and VIX If Vix is high, and 50 day SMA is high then S&P falls, potentially over correcting, and creating buy opportunities.Longby sufianmalik1
SPX500 Outlook👁️ OUTLOOK 5hr chart: 30m chart: Context 5hr: Price has been bullish since the beginning of May. Trending nicely above the EMAs 10,50,200. We might get a slight pull back the beginning of the week then a push higher towards the end of the week. Validation 30m: Price is trending very nicely above the EMA's. Currently coming back to meet the 50ema. Bias: Bullish and I will be putting this on my watchlist for the week to look for buys.Longby angelvalentinx1
SP500 - Short - 1:1 / 1:4This technical analysis is for informational and educational purposes only. It does not constitute financial advice. Remember to always research and consult with a professional before making investment decisions. Good luck! 📈💼🚀Shortby JorgeSotelo222