SPCUSD trade ideas
Stromm | S&P 500 & NASDAQ a RESISTANCE is NearThe S&P 500 and the Nasdaq are basically moving in lockstep right now — their structures look almost identical.
Starting with the S&P 500:
We’re currently trading into a 4-hour Fair Value Gap between $5,546 and $5,634, Sitting just under a 4-hour Order Block that could trigger a short-term reaction.
At the moment, though, it doesn’t really look like we’re going to flush all the way back down toward the $5,000 level (2-hour Order Block sitting much lower).
More likely?
This 4h Order Block just gives us a brief pullback, a minor reaction — and then price pushes higher again.
This would line up perfectly with my original scenario of Wave A completing around $4,805.
Personally, I’m already positioned around $4,800, so obviously, I'd love to see that level hold and price continue moving higher — ideally heading toward $6,000.
That would be the perfect extension — but nothing is guaranteed yet.
Still, structure right now leans bullish unless we see a sudden breakdown.
Now, for the Nasdaq CME_MINI:NQ1! :
Almost the same setup —
We have a 2-hour Order Block just above the current price, acting as short-term resistance,
And another 2-hour Order Block way lower, which now seems less likely to be tested unless something drastic happens.
So for the Nasdaq, the most realistic short-term scenario:
Hit resistance at the current 2h Order Block,
Maybe a small pullback toward 18,900–19,000,
Then continuation higher toward 20,000 or even 21,000 over the next few weeks.
US 500 Index – How Far Can the Recovery Extend?The upside recovery in the US 500 index continued last week, adding nearly 5% to close at 5523 on Friday, a 1 month high, as weak short positions continued to be squeezed out by a combination of factors, including signs that US/China trade relations may be starting to thaw out, President Trump pulling back on his initial commentary challenging Federal Reserve independence and more positive Alphabet earnings.
Now, looking forward to the week ahead, traders trying to work out where the index may move next face a number of scheduled economic data updates to digest and then react to, which will provide a health check on the US economy and labour market, while also showing the impact of President Trump's tariffs on US inflation.
These include,
* Tuesday 1500 BST US Consumer Confidence
* Wednesday 1330 BST US Preliminary Q1 GDP,
* Wednesday 1500 BST US PCE Index (Fed's preferred inflation gauge)
* Thursday 1500 BST ISM Manufacturing PMI Survey
* Friday 1330 BST US Non-farm Payrolls
Not only that, 4 of the Magnificent Seven companies also report earnings, with Microsoft and Meta results due after the close on Wednesday and Amazon and Apple due after the close on Thursday.
The outcome of all these events, plus trade war/tariff updates may well determine if the rally has already run its course, or has further to go.
Technical Update: Is the Break of Mid-Point (50%) Fibonacci Resistance Important?
Last week was a positive one for the US 500 index, as an 8.5% rally developed from Monday’s session low at 5095 into Friday’s high at 5530. This of course comes after what was an aggressive liquidation of assets into the April lows at 4799 (April 7th), and some may now be asking if this could be a sign of further attempts at price strength.
Much will of course depend on future market sentiment and price trends, but last week’s strength did see a closing break above the 5474 level, which is equal to the 50% Fibonacci retracement of the February to April 2025 price weakness.
This upside move may leave traders looking at the possibilities of further attempts at price strength this week and wondering where the next resistance levels may now stand.
Potential Resistance Levels:
A closing break of a 50% retracement while not a guarantee of further price strength, can suggest risks to higher levels and 5635, which is the higher 62% Fibonacci retracement could be the next resistance level to monitor.
If a further phase of price strength is to materialise, traders might now focus on closing defense of this 5635 resistance, with breaks higher possibly opening up potential tests of 5788, which marks the March 25th session high.
Potential Support Levels:
Of course, as we have said, the latest breaks of the 50% retracement resistance are not a sure sign of continued price strength. So, with that in mind, lets look at possible support levels that if broken, might point to the potential of downside pressure.
The 38.2% Fibonacci retracement of last weeks rally stands at 5364, so even if the new week starts with a price setback, this level may need to be broken on a closing basis to suggest risks of further price declines.
Such breaks lower could then point to a deeper decline and retracement towards 5313, the 50% level, even 5262, which is equal to the 62% retracement.
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S&P 500 Analysis Ahead of the Busiest Week of Earnings SeasonS&P 500 Chart Analysis Ahead of the Busiest Week of Earnings Season
Despite the fact that President Trump’s earlier decision to impose tariffs (at higher rates than expected) shook the stock markets, the S&P 500 index (US SPX 500 mini on FXOpen) could still end April without significant losses (currently trading less than 2% below the month’s opening level) or even achieve a positive result.
According to media reports, around 180 S&P 500 companies are expected to release their quarterly earnings this week, including Apple (AAPL), Amazon (AMZN), Coca-Cola (KO), Eli Lilly (LLY), Meta (META), Microsoft (MSFT), and Chevron (CVX).
The share prices of these major companies — some of the largest by market capitalisation — could have a substantial impact on the S&P 500 index chart (US SPX 500 mini on FXOpen), given that their combined weight accounts for approximately a quarter of the index calculation.
Technical Analysis of the S&P 500 Chart
Based on the key price actions marked on the chart, we can identify a descending trend channel for the US stock market, which has been in effect since mid-February.
At the same time, the price has:
→ moved into the upper half of this channel, reaching its upper boundary;
→ found support around the median line (as evidenced by the price action on 21 April).
These are bullish signs, reinforced by the aggressive nature of the rebound from the psychological 5,000-point level, which acted as significant support in the first few days following the tariff announcement. Bears may still see an attractive opportunity to attempt to resume the downward momentum of the S&P 500 index (US SPX 500 mini on FXOpen), but will the fundamental backdrop support such a move?
From an optimistic perspective, sharp impulses driven by corporate news could lead to a breakout above the upper boundary of the red channel. This would likely be facilitated by important announcements (particularly from senior officials in the US, China, and Europe) regarding de-escalation of the tariff situation.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
SPX: confusion will continueFinally some positive sentiment on the US equity markets. The S&P 500 marked a weekly gain of 4,6%, while investors are waging the relaxation of the ongoing trade tariffs war. Regardless of estimates of the future impact of imposed tariffs, the US tech companies are still posting relatively good results. The S&P 500 ended the week at the level of 5.525, which was the market low in March and beginning of April this year.
Alphabet gained 1,5% during the week, on the wings of posted relatively good results above estimates. Other big tech companies were also supported, like Tesla, Nvidia and Meta. Only on Friday, Nvidia gained 4,3%, while Tesla advanced by 9,8% within one day. Regardless of positive weekly results, it is still not time to celebrate. The news regarding trade tariffs coming from the US Administration still continues to be mixed, bringing a high level of confusion among market participants. In this sense, it could be expected that volatility on the equity markets will continue also in the future period.
SPX500 I Bearish Drop Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 5522,70, which is an overlap resistance.
Our take profit will be at 5371.29, an overlap support level.
The stop loss will be placed at 5685.38, which is an overlap resistance level.
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$SPX Sell in May, Go Away, $5k, Dead Cat to $5.3k, $4.8k by EOMAlrighty. My forecast is as follows. I made a video explaining just a quick thought and here's the video in a written version for the most part. Basically, I'm a pattern chart trader and I spend the majority of my days looking for specific candlestick patterns that match candle for candle. I cannot find anything remotely close to today's Price Action besides October 2001. I have been and will continue to be doubted and that's okay. I am not here for anyone except myself and anyone that wants to gain a fresh unbiased perspective. People have called me a Permabear but that only pertains to my personality, which is that of a realist. I do not believe investing for the next 20-50 Years will work for everyone. You'd have to do it well and continuously contribute even during the down days. Either way. This is the analog I will be following. Fib is Extended way beyond Blow Off Top measurements imo. The market gained 50% in One Year and Three Months. I'd like to think that the uncertainty being priced in will cause these Deeper Fib Retracements. We already crashed down to the 1.61 GOLDEN POCKET from above and now bounce back to Secon Golden Pocket at 2.61. Based on the past behavior, now we move back to 2.0 for a move to the original extension of the 1.00 Fib. If we lose this, we start moving back to the 1.27 near $4.74k on SPX where I will then be looking for one final dead cat to $5300 by mid August, Every July dip being grabbed up ... Final Sell in August for an End of Year Crash to Mark 2025 as one of the worst years ever in Life as far as the Market goes. Good Luck everyone. Tips always welcome.
S&P 500: Key Levels and Potential ScenariosThis analysis of S&P500 will explore both bullish and bearish scenarios, incorporating key levels and considering possible market and crowd psychology.
Bullish Scenario: Potential Uptrend Resumption
From a bullish perspective, if the S&P 500 maintains a position above the 5482 level, it could suggest a potential end to the current correction and a resumption of the major uptrend. A hold above 5482 might reinforce bullish sentiment, encouraging further buying activity, as traders may view this as confirmation of renewed strength. The index could then potentially retest the 5801 level, where it's possible that the index may encounter resistance on the first attempt. A successful break above 5801 would then open the path towards the 6135 zone, which represents a key upside target.
Bearish Scenario: Potential Retest of Support Zones
Conversely, if the S&P 500 fails to hold above the 5482 support level might trigger increased selling pressure, as traders liquidate positions. The index could then potentially retest the 5092 to 4833 support zone. This zone represents a critical area where buyers may step in, but a break below it would signal further weakness.
Concluding Remarks
In conclusion, the S&P 500's price action around the identified key levels will be crucial in determining its short- to medium-term direction. A sustained hold above 5482 could favor a bullish continuation towards 5801 and potentially 6135, while a break below 5482 might lead to a retest of the 5092 to 4833 support zone.
Was this the best buying opportunity since 2011?Sure, here's a rewritten version of your text in an engaging tone:
"Have you ever heard of the Zweig Breadth Thrust? Well, let me tell you, it’s an incredible metric that can really shed some light on the current market situation!
So, what would it take for me to believe that this bounce isn't just another bear market rally? My first step would be to dive into the breadth indicators and look for signs of that elusive breadth thrust.
Think of a breadth thrust like a rocket taking off. You need a strong initial boost to break free of gravity's grip. If the thrust is weak, the rocket can’t escape, and the same applies to stock market reversals. When we see a robust breadth thrust, that's a signal that a significant reversal is underway. Without it, we could be facing another false bounce.
Now, let’s talk numbers! As of Friday, April 25th, the SPX has surged an impressive 14.2% from its recent lows, and while that’s quite a leap, it’s essential to keep it in perspective. Just think back—this index was down 21.35% from its all-time high earlier in February during the panic sell-off. Now, with the recent strength, it’s only 10.75% off its peak.
The Zweig Breadth Thrust is calculated based on the 10-day EMA of NYSE Advances divided by the sum of Advances and Declines. A bullish signal pops up when the ZBT shifts from below 0.40 to above 0.615 within just ten days or less. Keep an eye on that—it might just help us navigate these choppy waters!"
On the monthly chart, it’s clear that what we’ve been seeing in the broader economy (you know, Main Street) is actually showing us some bearish divergence—a concept I've mentioned in my previous ideas.
Since 2009, we've had four notable instances on the Monthly chart where the ZBT dipped below 0.40, only to bounce back up past the 0.6 mark. Remember back in November 2011? That was when we got a significant signal with a low reading of 0.31, which climbed back to 0.62 by February 2013. That surge sparked a bull run that peaked in February 2020!
So, the takeaway here is that this breadth thrust is generating the positive momentum we need to reach new stock market highs this year. Exciting times ahead!
US500 Will Go Down From Resistance! Short!
Take a look at our analysis for US500.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 5,525.49.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 5,306.14 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
S&P 500: What’s Happening?S&P 500 Market Update
Recent changes to tariffs have made investors feel more confident, and because of that, the S&P 500 has broken out of a downward trend it had been stuck in. This breakout suggests prices could continue rising for now.
However, technical analysis shows that many investors might still be cautious. A lot of them may plan to sell if the market climbs back near $5,650 (faded yellow rectangle box on chart), trying to limit losses compared to when prices dropped to around $4,800 a few weeks ago.
If the market struggles to get past $5,650 (faded yellow rectangle box on chart), we could see prices fall again, possibly down to around $5,300, before the market settles for a bit and decides on its next big move.
• Blue line: shows the path I expect the market to take based on investor behavior and technical patterns.
• White line: shows the general trend where buyers typically step in. If the price falls through this line, it could signal more downside ahead.
SPX / SPY / ESM5 - Resistance levels aheadSPX is looking healthier above its shorter term MAs, particular with two closes above the 21 and downward trend line. There are still plenty of resistance areas ahead, including key fib levels, a gap fill, 100 and 200 down-sloping EMAs, and a swing symmetry level.
What the S&P did and what to look forward to this coming week. A walkthrough different levels on the S&P for the short term (1-2 weeks).
The S&P broke above a key weekly downtrend line this past week, shifting the structure slightly more bullish in the short term. We’re now testing an important resistance zone with multiple possible scenarios ahead.
Scenarios for the Week Ahead:
Bullish:
If the S&P holds above the breakout zone (5484) and continues climbing, we could see a move toward 5,650 (near the declining 50SMA). Some minor pauses or consolidations could occur at moving averages, but overall momentum would remain constructive if buyers stay active.
Bearish:
If the S&P fails to hold above 5,484 and breaks back below the uptrend line, we could see a pullback toward (in this order) 10 and 20 EMAs, recent uptrend line, or at most the key level around 5,264. A deeper breakdown seems less likely unless broader selling pressure returns.
Neutral: Think this would be a chop between where it is at now and 5650.
S&P 500 Daily Chart Analysis For Week of April 25, 2025Technical Analysis and Outlook:
In this week's trading session, the Index did steady to higher prices, distancing itself from the rendered obsolete Mean Resistance level of 5455 and targeting the next significant mark identified as Outer Index Rally 5550. This trend lays the groundwork for a continued upward movement; however, there is also a considerable risk of a sharp pullback to the Mean Support level of 5370 after reaching the Outer Index Rally at 5550.
Contrariwise, it is essential to acknowledge the possibility of upward momentum continuation resulting in meeting the primary target Outer Index Rally 5550 by challenging the Mean Resistance of 5672 and extending toward additional levels: Mean Resistance 5778 and Outer Index Rally 5945.
Another move down for SPX500USD?Hi traders,
SPX500USD made a bigger orange X-wave last week into the Daily FVG.
So next week we could see the start of the last impulse wave down to finish the bigger (red) WXY correction. But it first has to close below the Daily FVG.
Let's see what the market does and react.
Trade idea: Wait for a change in orderflow to bearish, a small impulse wave down and a small correction up on a lower timeframe to trade 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
Trading Notes - April 26th
I’m struggling to stay bearish on US stocks-bearish in the short-term as the sentiment is now mainstream. The negative news dominating the headlines could create a lot of potential for a surprise upside move in the near term.
Yesterday’s steady SPX rally, despite no news, was impressive. We could easily rally another 2-4% in the short term. The sharp downside move over the last couple months does leave potential for a local lower high which would be concerning.
If there are trades to be made, intraday ranges is where I’d put my focus on stocks (and not be tooo greedy). Bitcoin has the potential the put in a macro reversal if it closes the week strong. A swing trade entry at the 200 daily MA on BTC is still in play.
SPX Technicals
Volume profile:
POC: $5609
Upside interest: $5750
Downside interest: $5303
The line in the sand over the next 2 months is the 5120 level - the August 2024 low. If we close June there, 6M bearish divergence on the RSI leaves potential for a prolonged bear market. But that’s enough long-term analysis at a news-driven time when technicals have little bearing on price action.
What I’m focusing on this week:
- Sizing down
- Taking quick profits
- Watching trump’s tweets
S&P 500 Rockets Past Resistance-Is 5,728 Next?The S&P 500 (SPX) formed a double bottom pattern on Monday, April 7, and Wednesday, April 9, on the 4-hour timeframe, signaling a potential reversal from recent lows. Later on April 9, the index broke above resistance, confirming short-term bullish momentum. On April 24, the 20-period moving average crossed above the 50-period moving average, reinforcing the strength of the emerging uptrend. By April 25, a 4-hour candle closed above the 200-period moving average, providing further confirmation of a strong bullish trend. That same day, the SPX broke through the significant resistance level at 5,501, with a candle closing above this level, which supports the view of continued upward movement. Based on my technical setup, the next potential target is projected at 5,728.
S&P 500 - Key Levels and Measurements (Bonds vs Yields vs Homes)Happy Friday!!!
Starting with a BLANK chart, here are my key levels and measurements for the S&P 500
Earnings season is stable, more MAG 7 next week with AAPL, AMZN, META, MSFT
Trump and Company are softening the trade war narrative quickly and the market
is taking notice. Prices recovered nicely this week
5500 SPX is a key level for the bulls to push above - if done look for open space
melt-up into 5700-5800 resistance
If SPX rejects 5500 early next week we will be dealing with some more noise
and intermediate levels
4830 lows will be absolutely critical to maintaining a long-term bull market. You will
see why with this analysis.
Last piece is talking about bonds vs yields and the current housing market in the US
My belief is that yields stay sticky and home prices MUST drop to see any improvements
in affordability
Thanks for watching - have a great weekend!!!
Spy putsHello friends.
We just bought some 5/16 $550 SPY puts. It's looking like the low for this crash is not anywhere near being in. Retail is still in a buying frenzy because they expect that this will be another V shaped recovery like we're used to. Meanwhile the smart money is selling everything they have and expecting more blood. The fed hasn't come in to save this market, and they aren't going to be able to. Their hands will be tied by artifical inflation caused by tariffs and there won't be an intervention until it's already too late.
Could The Stock Market Crash? - WARNING 🚨MartyBoots here , I have been trading for 17 years and sharing my thoughts on SPX .🚨
🚨 SP:SPX Could It Crash?🚨
Lets look into it deeper, very interesting chart but also a dangerous one. Need to see buyers soon or this is could be worse than people expect. 5-10% drop minimum and extreme bear could drop 40% total🚨
Watch video for more details