Down for SPX500USDHi traders,
Last week SPX500USD did not close below the Daily FVG and broke the Weekly FVG. Now the trend has changed to bullish but price is moving very slow. This could indicate a leading diagonal (wave 1).
So next week we could see a (corrective) move down from the Daily FVG above.
Let's see what the market does and react.
Trade idea: Wait for price come into the Daily FVG above and a change in orderflow to bearish, a small impulse wave down and a small correction up on a lower timeframe to trade (short term) shorts.
If you want to learn more about trading FVG's & liquidity sweeps with Wave analysis, then please make sure to follow me.
This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.
Don't be emotional, just trade your plan!
Eduwave
SPCUSD trade ideas
S&P500 Stuck between the 1D MA50 and 1D MA200.The S&P500 index (SPX) is now on a short-term correction following the impressive recovery of the last 30 days that made it almost test its 1D MA200 (orange trend-line). This is a technical rejection but the fact that the 1D MA50 (blue trend-line) is now the Support can be encouraging.
The reason is that since January 2023, every time the index broke above its 1D MA50 it turned into a Support that held and produced an immediate bullish extension on every occasion except for one time (Sep 2024), which still recovered 1 week after.
As a result, it is more likely for SPX to test its All Time High (ATH) by July than entering a long-term correction again.
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S&P 500 - Sell in May, return anther day. The truth - 2025No doubt everyone has heard a variation of the phrase:
“Sell in May, return another day.”
In Wikipedia it is written:
“Sell in May and go away is an investment strategy for stocks based on a theory (sometimes known as the Halloween indicator) that the period from November to April inclusive has significantly stronger stock market growth on average than the other months. In such strategies, stock holdings are sold or minimised at about the start of May and the proceeds held in cash”
A public comment from last year:
“Over 100 years ago, the (practical) reason to sell in May and September, was to pay seasonal workers to seed the field (May) and to harvest (September). Caravans of landlords and farm owners went to New York to sell stocks and withdrew money from the banks to do payrolls
so for people without agricultural business, i'll say it's okay to hold in May”
If we are to take all this at face value then we should be unwinding our long term positions until the Autumn?
What does the chart say?
On the above monthly chart of the S&P 500 each vertical line marks the month of May going back to 2012. That is a dataset of 13 points.
The facts:
1) From the month of May onwards, 11 from 13 periods returned positive price action of not less than 10%. Selling in May was a bad choice.
2) 2015 and 2022 saw corrections of 15% from May onwards. However in both examples the correction was erased within 12 months as the index continued the uptrend.
In summary, 86% of the time a minimum return of 10% was seen before the year end. Amazing odds.
Furthermore, corrections up and until the end of April (like we’re now seeing) represented some of the best long opportunities.
Sell in May go away? I suggest it should be: Buy in June and watch it boom!
Ww
SPX: trade should not be a weaponPositive sentiment continued on the US equity markets during the previous week, after stronger than expected US jobs data. The Non-farm payrolls posted on Friday reached 177K in April, which was significantly above the 130K expected by the market. The market estimate was significantly lower from March data, as analysts were expecting to see a spill over effect of the imposed trade tariffs. As the jobs market seems still quite strong, the positive market sentiment was intact during the week. However, the recession fears are still holding among investors. The S&P 500 continued its 9-days winning streak, ending the week at the level of 5.686.
On a positive side was the news that Chinese authorities are considering starting negotiations with the US Administration regarding trade tariffs. This was another positive boost for investors' sentiment. Berkshire Hathaway was holding shareholders annual meeting on Saturday, where the most attention of both media and investors was on the speech of its founder and famous investor, Warren Buffet. In his address to the shareholders, Buffet strongly criticized the trade tariffs, noting “Trade tariffs are an act of war … trade should not be a weapon’.
For the moment, it could be expected that the positive sentiment might continue also in the future period. However, the FOMC meeting and Fed rate decision is scheduled for Wednesday, May 7th. This could be a day of higher volatility, as Fed Chair Powell will address the public at the press conference after the meeting. The markets will closely watch what he has to say regarding the current state of the US economy and potential rate cuts during the course of this year.
Still looking for downside on SPX500USDHi traders,
Last week SPX500USD consolidated the whole week so nothing changed for the outlook. It looks like price is forming a leading diagonal (wave 1).
So next week we could see a (corrective) move down from the Daily FVG above.
Let's see what the market does and react.
Trade idea: Wait for price come into the Daily FVG above and a change in orderflow to bearish, a small impulse wave down and a small correction up on a lower timeframe to trade (short term) shorts.
If you want to learn more about trading FVG's & liquidity sweeps with Wave analysis, then please make sure to follow me.
This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.
Don't be emotional, just trade your plan!
Eduwave
S&P Trade Plan for 12/05/2025Dear Traders,
The index continues its upward trend toward the 6000 area, and after a correction from this level, it will be ready to launch a strong bullish move.
If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content."
Regards,
Alireza
SPX Running Into Important Resistance At 5780Last week we saw a weaker-than-expected Advance GDP in the first release, which led some to believe Powell might consider cutting rates. But Friday’s NFP came in better than expected. Expectations are no change for the Fed, and I honestly don’t believe they’ll move either.
Despite Trump putting pressure on them, inflation is still not at their 2% target, and the job market remains solid—so there may be no real reason to cut yet.
They’re watching markets too, and we've seen a pretty strong rebound, so there’s likely no urgency to act now.
Also, if they were to cut, it could appear politically motivated due to Trump, and that could seriously damage investor trust in the Fed’s independence.
So with that being said, we are wondering if the SPX can find some resistance if FED does not deliver a dovish view at this moment. Well, looking at the price action, it certainly looks overlaping recovery from April low, that can face limited upside near 5780, at April 2nd high.
If by Friday, we close above the 78.6% Fib then we may look at wave 3, alt sceario.
Grega
Hellena | SPX500 (4H): LONG to resistance area of 5682.Colleagues, I think that the deep downward movement is over and at the moment I expect an upward movement in a five-wave impulse. At the moment I expect a correction in wave “2” to the area of 5100, after which I expect the development of wave “3” at least to the resistance area of 5682.
There are two possible ways to enter the position:
1) Market entry
2) Pending Limit Orders.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Bullish continuation?S&P500 is falling towards the support level which is an overlap support that line sup with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 6,520.93
Why we like it:
There is an overlap support level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 5,434.59
Why we like it:
There is a pullback support level that is slightly above the 50% Fibonacci retracement.
Take profit: 5,791.21
Why we lik eit:
There is a pullback resistance level that is slightly below the 78.6% Fibonacci projection.
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Important structure reached FridayThe trendline structure from the top was reached FRiday and I believe we may rally back to it at open but fail. There are a LOT of traders calling for a test of the 200 ma again, but I'm not sure it will actually occur. Vix also did not fill it's gap on Friday which could be interpreted as bullish for the VIX
05/05 SPX Weekly Playbook - GEX Zone Outlook🔮 What-If Scenarios for This Week – Based on GEX Structure until Firday
Last week’s market momentum pushed the S&P 500 up by almost 3%, effectively erasing the price gap left behind on Liberation Day. The index also strung together nine straight days of gains—something we haven’t seen since late 2004.
Meanwhile, implied volatility dropped significantly, with the VIX touching its lowest level since the holiday, falling to around 22.5.
Several factors seem to have fueled this bullish tone, including a more measured approach from Trump on trade policies and strong quarterly results from major tech names like Microsoft and Meta.
Still, the nature of the buying raises questions—was this a thoughtful rotation, or just a broad sweep of optimism?
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🔄 Chop Zone: 5650 – 5670 (wide transition zone)
🔹 Gamma Flip: 5615
🔺 Key Call Wall: 5725 (5800 potential shift)
🔻 Key Put Wall: 5500 (5400 major support below)
🔼 Upside Path
IF > 5670 → transition cleared →
➡️ 5700 stall / reaction
IF > 5725 → call wall breached →
➡️ Path to 5750 / 5775 → stall at 5800 (largest net call OI)
IF > 5800 → gamma resistance breaks down →
➡️ 5825/5850 zone opens up
🔽 Downside Path
IF < 5615 → gamma flip triggered →
➡️ 5500 = battle zone (massive put wall + high negative GEX)
IF < 5500 → negative gamma squeeze likely →
➡️ Stall zone: 5450 → flush to 5400
IF < 5400 → high-volatility regime →
➡️ Possible acceleration to 5375 / 5340 depending on IV spike
⚖️ Neutral Setup
IF 5650–5670 holds → dealer hedging = balanced →
➡️ Ideal for non-directional spreads / theta plays
➡️ Wait for breakout confirmation above 5670 or below 5615
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🔍 Final Thoughts
We’ve seen a sharp rally since the Trump trade war scare, with barely any meaningful pullback. The market appears to be looking for one—as a breath. Based on current GEX positioning, there’s significantly more downside hedging than upside, especially in the mid-term May expirations.
That doesn’t necessarily mean we crash—but it does mean that moves lower can accelerate faster, while upward breakouts may require more energy or time. In this environment, consider:
Bearish or neutral spreads (put debit spreads, call credit spreads)
Volatility-based strategies
Avoiding naked upside trades unless we see a strong reclaim of 5725+
Stay safe and adapt—GEX doesn’t tell direction, but it does tell where the fire might start, beacuse of reflexting to hedging activity.
SPX Continues to Rise After FOMC DecisionThe U.S. index has been gaining more than 2% in recent trading sessions, and the bullish bias has remained intact since the Federal Reserve’s decision during yesterday’s session. The central bank once again opted to keep the interest rate steady at 4.5%. However, according to some comments, Chairman Powell mentioned that the economy is approaching a point where it may soon be appropriate to begin cutting interest rates. This has fueled expectations of future rate cuts and has helped sustain confidence in equity indices over the short term.
Uptrend: Since April 9, a new short-term uptrend has been consistently forming, with price movements holding above the 5,000-point mark. However, the price is now approaching a key resistance level, and as long as this barrier holds, it could lead to short-term neutrality in recent price action.
ADX: The ADX line has been falling sharply in recent sessions and is now nearing the neutral 20 level. This indicates a lack of sustained volatility in recent price moves. If the ADX remains at these levels, it could reinforce a period of consolidation or range-bound movement in the short term.
RSI: The RSI line remains consistently above the neutral 50 mark, indicating that buying momentum still dominates in the short term. However, as the RSI approaches the overbought level near 70, this could open the door for short-term bearish corrections.
Key Levels:
5,750 points – Nearby resistance: This level coincides with the 200-period simple moving average. A breakout above this zone could strengthen the bullish bias and support a more sustained uptrend.
5,540 points – Nearby support: This level aligns with the 50-period moving average and may serve as a potential zone for bearish corrections to unfold.
5,370 points – Critical support: This level aligns with the short-term ascending trendline. A drop below this support could jeopardize the current bullish structure in the short term.
Written by Julian Pineda, CFA – Market Analyst
S&P 500 Daily Chart Analysis For Week of May 9, 2025Technical Analysis and Outlook:
In the initial days of this week’s trading session, the S&P 500 Index exhibited a steady to low price movement pattern, successfully achieving a significant target at the Mean Support level of 5601, as indicated in last week’s Daily Chart Analysis. Subsequently, the Index experienced a robust rebound, effectively retesting the Mean Resistance level of 5692. This upward trajectory achievement established a reversal pattern for the downward acceleration to repeat the Mean Support level 5601 retest. However, it is critical to recognize the considerable risk of a sharp upward movement from the current price action, which may lead to an ascent toward the next Mean Support level of 5778. Furthermore, there exists the potential for additional escalation, potentially reaching the Outer Index Rally level of 5915 and beyond.
S&P 500 Monthly : Major Correction or Reloading Phase?Wavervanir_International_LLC | May 7, 2025
The S&P 500 may have just completed a long-wave ABC correction on the monthly chart. Price rejected the 0.886 Fib zone (~5693) and is now printing bearish momentum with a distribution-style volume spike.
🔍 Bearish View (65%)
Wave (C) likely peaked.
Momentum divergence + high-volume rejection.
Target zone: 4611 (0.5 Fib + prior structure support).
📈 Bullish View (35%)
Higher low above 5400 + clean breakout above 5700 could target 6144.
📊 Market at an inflection point—watch liquidity, macro signals, and Fed tone closely.
#SPX #SP500 #TechnicalAnalysis #Fibonacci #ElliottWave #Macro #BearishOutlook #BullishScenario #TradingView #Wavervanir
Pre Market Video - the 2 channelsWe are close to the bottom of the uptrend channel. If they can't hold 5580 we will likely start a move down to 5400, the bottom of the blue channel. I expect a fight and attemt to hold 5600 today after open, but personally I think it will fail. There is a possibility of one more move up to the Bollinger Band (at least), so keep that in mind.