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SPX (S&P 500 Index)

SPX forming a top?US500 - 24h expiry Levels above 5630 continue to attract sellers. The 161.8% Fibonacci extension is located at 5544 from 5650 to 5585. Bespoke support is located at 5540. Selling spikes offers good risk/reward. Economic figures could adversley affect the short term technical picture. We look to Sell at 5630 (stop at 5665) Our profit targets will be 5540 and 5470 Resistance: 5630 / 5650 / 5680 Support: 5545 / 5540 / 5470 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:SPX500USDShort
by OANDA
1
Fed’s Preferred Inflation Indicator TomorrowTomorrow’s macroeconomic calendar is set for a major event! 📊 At 8:30 AM Eastern Time, we’ll see the release of the Fed’s preferred inflation indicator: the Personal Consumption Expenditures (PCE) price index. The implied move for PCE is +/- 35 points, with the estimated month-over-month core PCE at 0.2%. 📈 Stay tuned for market reactions and how it could impact the broader indices! SP:SPX AMEX:SPY NASDAQ:QQQ #Finance #Investing #MarketWatch #EconomicData #Inflation #PCE #Fed #StockMarket #FinancialNews
AMEX:SPYLong
by AlgoTradeAlert
S&P500 v USD since 2008. Cheap dollar guarantees stock expansionThis is a cross chart analysis between the S&P500 index (SPX) and the U.S. Dollar Index (DXY) since the 2008 Housing Crisis. Ahead of widely anticipated Fed rate cut next month, it is useful to see how the Dollar has impacted from its perspective the stock market on a multi-year basis. As you can see, the DXY has been trading within a Channel Up since the 2009 Housing Crisis bottom. At the moment it is under the Resistance of the Lower Highs trend-line (dashed) and a rate cut should apply even stronger selling pressure and keep it under. There is still some wayt to go until it hits the bottom of the Channel Up again. We believe that the stock market is at the point where it finishes the recovery phase (blue Arc) and will enter the expansion phase (green Channel Up), at the beginning of next year. As a result, a rate cut and as a matter of fact a series of rate cuts by the Fed, will do wonders on S&P500, giving investors steady long-term opportunities to buy low and sell high within a strictured Channel. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPX
by TradingShot
7
SPY/QQQ Plan Your Trade 8-27 - Inside Breakaway PatternThe SPY continues to slide into a sideways melt-up type of trend. Today's Inside Breakaway pattern suggests the SPY will attempt to move away from this consolidation range. Although I don't expect a huge breakaway today, I do expect the SPY to attempt to move up into the 563+ area, setting up for a bigger move on Thursday and a pullback on Friday. Gold is pulling back reasonably hard. The 2530-2535 level would be an excellent area to consider buying or adding to any open position. The 2510-2515 level is the Make-Or-Break level for Gold (that would also be our stop level). I still believe Gold will make another move higher - but I don't think Gold will build enough momentum to rally out of the current range until next week. Bitcoin has pulled back into the APEX range (see the chart). We need to see it hold up near this Apex range - or it could risk falling below $57k again. Overall, I see all of these charts (SPY/QQQ/Gold/Bitcoin) stalling and attempting to base ahead of next week. Next week, I believe prices will be more volatile and try to trend upward. As I've been warning, this week, the markets needed to pause a bit. Now is the perfect time to position yourself for the next big move. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
S&P500 Why the volatility shouldn't scare you.Five months ago (March 21, see chart below), we published a comparison analysis on the S&P500 index (SPX), warning of a medium-term correction but at the same time setting a long-term 6500 Target: As you can see, the fractal comparison of March 2024 with March 2017 worked very well and this is why the recent July - August correction shouldn't scare you. The 2022 - 2024 sequence continues to replicate to a solid degree the 2015 - 2017 period, which after holding both the 1W MA50 (blue trend-line) and testing and bouncing on the 1.786 Fibonacci extension, it rallied towards the 3.0 Fib. Check also how similar the 1W RSI sequences are within the two fractals. At the moment we are just past the RSI Double Bottom formation (August 14 2017 and August 05 2024 respectively), which should initiate a rally that will peak deep into the overbought zone in Q1 2025. As a result, our long-term Target of 6500 is intact, and as the title says, the volatility shouldn't scare you and make you diverge from the long-term goal and perspective. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPXLong
by TradingShot
2
Yield curve Before Hyperinflation (QE US BONDS) BTC & SPY The global bond market is what dictates the liquidity to stocks, its what dictates the world its what starts wars and its what ends wars. Currently I see many post focused on "recession" "market crash" when the giant elephant in the room is the global bond market and the US reserve dollar that is currently in danger. Why must we start foreign sanctions and battles with a country beginning with R? its very simple. There's a fight for the dollars survival. Covid 19 pushed the FRED past the point of no return and there is no going back to the structured system that was already falling apart. Treasury Interest is now getting at dangerous levels of unpayable amounts, Government Debt is rising by the trillions in a parabolic move that is getting steeper by the month. What has to happen? The FRED will force the US power to globally cut rates in all major economies while the FRED also has to start cutting back to zero while halting the fall of the DXY (forcing military action on other countries who do not cut rates and hinder their local currency) The last time in history something like this has happened was during the 1927-1931 period of discount rate blunders. US CPI is indicating we have entered a new stage of no turning back and this is the danger of printing money, QE will be forced in the nature of Yield Curve Control and the excess liquidity and currency will debase the markets violently in an upward notion, following this people will end up panicking being on the sidelines entering the market with heavy leverage and borrowed funds at lower rates. This is a type of scenario that would collapse Rome, Would end the Soviet Union. Expect dangerous policies, socialist developments, anti ownership, sparks of new wars. Only when you price this event in something like Bitcoin you can then re evaluate how much money will have to be printed to keep up this momentum without causing a depression with unemployment rates sky rocking and the Government defaulting on the debt.
SP:SPXLong
by UnknownUnicorn4782510
2024-08-27 - priceactiontds - daily update - sp500Good Evening and I hope you are well. tl;dr Indexes - Yeah I spare you your time. Markets have no idea where to go right now but I think Nvidia earnings can move it for good. Absolutely no opinion on those earnings and how market will react. I don’t like to gamble on such things. sp500 e-mini futures comment: I won’t conjure much words today for a market inside a 50 point triangle. Clear support and resistance visible. Either scalp it to both sides or wait for the breakout. No opinion on which side the breakout will happen. Both sides have arguments and I won’t try to guess it. current market cycle: trading range key levels: 5600 - 5670 bull case: Bulls want to get above 5670 and to make the bears give up so they can print a new ath or at least 5700 again. I do think many bulls will give up below 5550 but that’s far away for now. Currently no more magic to it. Invalidation is below 5580. bear case: Bears coming through with selling spikes rather than consecutive bear bars or sustained selling. I think many stops will be around 5675-5680 and market would probably print 5700 fast then. If Nvidia misses and market pukes, below 5580 I will heavily favor the bears to reverse the madness. Invalidation is above 5675. short term: Neutral as it gets. medium-long term: Bearish. I gave the 5000 target 3 months ago and we almost got there way earlier than expected. There is a reasonable chance we will see an event unfolding over the next days/weeks. Something breaks during these violent moves and this time will not be different. current swing trade: Nope. trade of the day: Buying the bear trap at the open anywhere below 5619. Second best was any long around 5628 since market is trying hard to show you this is support for now. Selling 5649 was also decent. Trading range with clear support and resistance. Buy low, sell high and scalp.
CME_MINI:MES1!
by priceactiontds
S&P bulls are strong; new historical high?Last week was marked by an increase in selling pressure, which, despite all efforts, has not had a significant impact. As we can see on the daily chart, the stairstep pattern remained intact—even a powerful attack on Thursday was unable to break the previous day's low. The bulls maintained control, leading to a small rally the following day (I highlighted the importance of the stairstep pattern in my previous review). As we approach the end of the month, there are a few things to keep an eye on: 1. The price is in a weekly uptrend, which has not been seriously threatened so far. Buyers maintain long-term control over the price. 2. The daily timeframe is also under buyers' control. 3. All major S&P sectors are moving in the same direction. Price is approaching previous major high ( 565 ), which can act as a resistance but there is no guaranty that it will hold for long. The last consolidation, which began on July 17th, was triggered more by bullish exhaustion than by strong selling at this level. This suggests that there may be little to safeguard it. Given all the above, there is no reason to believe that market is currently under threat. For the trend to shift to the bearish side, three things must happen (from the TA perspective): 1. Daily Sellers must take down the previous day low, breaking stairstep pattern 2. Weekly Sellers must take down the previous week low ( 553.8 ), setting weekly lower high 3. Month should close red (below 552 ) Until then we’re in a bull market.
AMEX:SPYLong
by hermes_trisme
ES/SPX Levels & Targets Aug 26thOn Thursday/Friday, I called the 5588-93 buy zone with a target of 5653, and ES has hit it four times since Friday morning. As of now: No changes—I'm still holding my runners from Friday mentioned in plan. The 5642 level, which has been tested twice but remains weak, is the key support. If we can hold above that, I’m eyeing 5672 and the 5687-90 range as potential targets. If 5642 breaks, I’ll look to sell around 5630. Full Plan for today was posted Sunday Morning
CME_MINI:ES1!
by ESMorg
Either Stock or GoldIn every analysis I have done over the years, I have said that I hold either gold or equities. I have never been in cash other than equities. These charts explain why. From 1884 to 1970, you could buy 1 SP500 share with an average of 0.74 gold or $14.75. So there is not much point in choosing between gold and the dollar during this period because the Bretton Woods system is still in place. But the real problem starts after 1970. After the Bretton Woods system was abolished, you can now buy 1 SP500 share with an average of 2 gold coins. Yes, the stock is rising relative to gold, but it is not in a continuous upward trend, so you can buy SP500 shares with 2 gold in 1972 or 2020. But in dollar terms, things are not so good. In 1970 you could buy SP500 for $100 and in 2020 you can buy SP500 for $3000. Therefore, when you sell a share, going for gold instead of cash may put you at a speculative loss in the short term, but in the long term you are always on the winning side.
SP:SPX
by YavuzAkbay
SPX: pivoting is “nearing”The Jackson Hole Symposium is a yearly event closely watched by the markets. The speech held by Fed Chair Powell, revealed that the Fed is “nearing” its first rate cut. Markets are now almost sure that the Fed will make such a decision at their September FOMC meeting. The US equity markets reacted positively to Powell`s rhetoric, bringing the S&P 500 to the level of 5.634. The index gained 1,45% for the week, and is nearing its all time highest level reached during July this year at the level of 5.668. Once again tech stocks were the ones that pushed the market to the upside. Nvidia and Tesla were higher by 4% over the week. Also other stocks were finishing the week higher, supported by the investor`s expectations that the environment of increased interest rates will support the future growth of companies. Analysts from the Swiss UBS bank noted their expectations that the eroded interest rates on cash holdings will impact investors to switch their holdings back to the equity market, in expectation of higher returns. Still, it should be considered that some investors are still expecting a recession in the US.
SP:SPX
by XBTFX