S&P 500 (SPX500USD) POTENTIAL SHORT DAY TRADE OPPORTUNITYHey everyone! Hope your week has been off to an amazing start! I just wanted to get on here and make another little different post than I usually do here on the S&P500 INDEX. I also am giving this trade call as more of a day trade or intra day swing opportunity so keep that in mind with the timeframe I am sharing for this opportunity! So let's dive in! OK so when looking at the closures of last week in the markets I had seen a strong sell off happen on the 23rd of May...POWER IS THE #1 SIGN OF REVERSAL...SOOO with that in mind I had seen the power of the seller come in around 5,350 and due to the momentum it had caught my attention. Now keep in mind the context here is S&P is at all time highs...price failed to make new highs on the 23rd of May...and the strength and dominance of that seller coming down was pretty prevalent. Leading me to believe that at least the next move for this market would be a follow through to the downside! ALSO you can see how there was nice hourly supply that was formed from that last week...as well as a very weak response from the buyer coming up into that level. What this shows me is that the buyer is not the stronger party here and that the sellers. Based on current data. Are the more dominant party. Which for us as traders, which our job is to just follow along the big boy, is good to see so that we can identify (through the momentum) of who to be taking a trade alongside with. So based on all of that and with some Fib confluence as well...I am looking for some day trading short opportunities here Hope you guys found some value in this post! Please boost my post and like my page for more accurate analysis! Cheers! Longby JosePipsUpdated 1
SPX500 BUY SETUPHigher timeframe bullish And price breaking out the cloud on H4Longby Obreezy5Updated 0
SPX - Inflection Point, Bearish OrientationFailure to break through shows that the upward movement in the index is exhausted and should correct. Fibo clouds at lower levels confirm a significant increase in the probability of a reversal in the progression of the candles. Shortby ethostrader0
BUY spx500 set upWaiting for the market to break out of the zone again. currently on the 1hr/4hr we are seeing a double bottom set up so once it breaks out of the zone that is our final confirmation for the bull run.Longby abeshaw970
SPX 500 (longer view) Yes i was bearish and wrong in the past.Didn't expect new ATH on the previous charts!!! If you look at the leg down starting in 2022, this was just a correction of the bull market (and yes i thought the beginning of the bear, but was wrong) Now my vision what the chart is telling, is that probably we're creating a M-pattern Maybe the BTC chart was giving the future of the SPX500. Why if you take a look at the btc chart we could see a nice 5 elliot wave structure (in green) with after an ABC correction wave (in blue). Almost same like SPX500. We could make a double top around 4831, when we cros that target we could go till 5156 (same like the btc chart) MEANING on the btc chart we had a 6,90% from the first high and the ATH. IF we do that on the SPX500 that target from the ATH would be around 5156 (bears becomes bulls) (really think spx could hit this, the end of the big bull market) BUT if we could cross that target the next and ultimate target would be around 5515 (this target is taking from the FIB 61.8° (the coronalow and the FIB 61.8°) On the monthly chart we could see big bearish divergence (the blue and red arrow) The big buy oppertunity for me is the coronalow around the 2222 (the bleu mark), but maybe already on the trendline around 2669 (also bleu mark) Just be prepared, what went up needs to come down and zoom out, it's not like the most people are thinking: it's only going up up up. If you zoom out, you would see this is not a normal healthy chart. a chart what will bring pain,tears and white flags Kind regardsby RonbatenUpdated 0
Almost RipeAll ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.Shortby THE_APIS_TRADERUpdated 1
Bulls and Bears zone for 05-29-2024After a mixed session yesterday, market is selling off during ETH session. Any test of ETH session Low could provide direction for the day. Level to watch: 5283 ---5281by traderdan590
Spx500/USD , analysis on multi timeframe Hello traders, It's my opinion on the S&P 500 across multiple timeframes. After analyzing the daily chart, I have observed that the price is currently in a strong bullish trend. However, based on candle formations, I believe that the price is likely to complete a pullback and reach the Daily Order Block zone at 5200. Considering the dominant trend in the daily timeframe, i see this as a good opportunity to sell in the lower timeframes. It's important to emphasize the importance of implementing effective money management strategies to manage risk. Remember that trading the S&P 500 or any other financial instrument involves risks, and it's important to make informed decisions based on thorough research, risk assessment, and your own risk tolerance. If you have any further questions or need clarification, feel free to ask.Shortby somayehbasiri220
S&P 500 Now S&P 500 is going higher and higher because to many technology companies are growing up now day .by kimhou0960
S&P 500 Now S&P 500 is going higher and higher because to many technology companies are growing up now day .by kimhou0960
SPX Head and ShouldersPotential H&S pattern forming on the S&P 500. If we break below the neckline look out below! This is a contrary bear prediction to my other election cycle bull post.Shortby RCON0
I am sensing a bearish move I am sensing a bearish move support level drawn on the chartShortby abonile10
spx500 bullish setuphello traders this my bullish spx500 setup i use my system wish i call institutional tactics if you like this idea hit the like button comment subscribe and show some love wish you good luck and good trading Longby AlphaBull-Trading0
S & P 500 Index _ Next _ Distribution _ Prices Under _ Trading _S & P 500 Index _ Next _ Distribution _ Prices Under _ Trading _ Venue _ OANDA $5,361.6 $5,391.6 $5,406.0 $5,431.7 $5,435.5 $5,450.0 $5,454.2 $5,466.8 $5,473.4 $5,494.3 $5,498.2 $5,508.5 by Skill-Knowledge-Conduct0
7 DTE trade on SPX - expires Jun 4thNew 7 DTE opened -5200 +5195 / -5385 +5390 Jun 4th Premium - fees: $ 145.79 allocated $ 840.00 2 contracts 17% gain Will close near 50%by leongaban0
S&P 500 Tests 5,300 as Inflation Eases, Fed Policy in FocusThe market remains cautiously optimistic as the S&P 500 tests the 5300 resistance level. The deceleration in inflation is promising, yet the Federal Reserve's future monetary policy remains uncertain. Investors should stay vigilant, monitoring economic data and Fed communications to navigate potential volatility and capitalize on market opportunities. * S&P 500 at Resistance: The index tests 5,300 amid recent inflation data. * Inflation Slowdown: Core CPI rose just 0.3% in April, the slowest pace in 3 years. This boosted stocks, with the S&P 500 reaching a new high. * Fed Policy: The Fed may hold steady on rates in the near term, but a September cut is increasingly likely if inflation continues to moderate. * Key Upcoming Data: The PCE price index (will released this week) and future inflation reports will be crucial for gauging the Fed's policy stance. * Market Outlook: Cautious optimism prevails as investors weigh the inflation slowdown and potential Fed actions.Longby signalmastermind0
sell sp500 at the price u can get with many targetWIth all happens in the world and market are full crazy broking record high after records high and while Fed not cut rate yet. + US electrion in November + the Summer coming i think it have to have a legit pullback before US election and even if fed cute rate i think we wil be in buy the rumour "actually happening since month " and sell the news when it happens there 4-5 target..at each target you just put you stop loss at the last target in case it not go to final target u keep huge gain. so for the stopp lost..as we not have any resistance you can manage as your own Risk ratio. Personally i have a good balance and i wontmake any stop lost,but instead each 100 pips up i will aff 1lot in sell,coz this market is so crazy and i will take my cake at the end if the pullback not happens before us election i will update in comment what to doShortby corsicasia0
Nvidia are dictating spx price?! SHORT?????My reasoning is how nvidia bull run pushed s&p in a way that resembles each others charts. why is it so important? both amazon and s&p are printing a possible double top on the daily chart. Nvidia is trying to push further but it meets some resistance along the way (resembles a double top although higher high) it is possible, and i believe it very so. nvidia will pump higher until it reaches its last resistance. this would happen while the rest of the companies wont have strong movement: either sideways because nvidia is pushing and their preformance is trash or upwards because nvidia is pushing and their preformance isnt that terrible. that sort of movement would complete the second head well enough. what would happen is somewhat of a death cross - a reversal of trend while nvidia is pushing to its last resistance. at that point nvidia smart money would rake the profits and the selling spree will comence. the worse preformance companies who were in the shadows would be showing red from nvidia correction as reality hits in the face and so would spx500 would show a correction just like nvidia. This is only a story, a scenerio. i believe its a possiblility whole heartedly but its nothing than a story at the moment of writing this article. what to look for? 1.any chart in the spx that reminds spx in price action 2.nvidia finally hitting final resistance 3. ofc govermental reports 4. signs of trend reversals such as death cross etc. Be very aware of the market because this will move in a way most traders would not notice. until its way too late. Shortby Captainobvious5454Updated 0
S&P - Short Trade IdeaHere is a short trade idea on the S&P, using the SPX500USD chart. We are basically at all time highs right now. This short idea is based on buyside liquidity recently raided, and now looking to ride a retracement/reversal down to a Discount PD Array. There was a good-looking Unicorn setup that formed. Price is already in an entry area, but I've indicated a higher POI should price come up one more time (if we are ready to retrace). The targets are either Weekly BISIs, with the terminus at the beginning of the lowest Weekly BISI. Overall, a pretty straight-forward trade. Since this is the 4h, I will be looking for a lower timeframe manipulation at a Killzone during a likely day, or news event to confirm lower prices. - R2FShortby Road_2_Funded1
SPX - Engulfing CandleIt needs a fresh High above 5342 to negate the Engulfing Bearish Candle!by TexasSadr0
Long Term IdeaHuge up and handle pattern playing out on the weekly chart. With a break over the .786 and now trying to push above the handle trend line. What does everyone else think?Longby CamG1234Updated 0