SPX500USD trade ideas
What the Next CPI Print Could Do to the S&P500What the Next CPI Print Could Do to the S&P500
A technical and macro setup ahead of the inflation release
Next week’s CPI report could be one of the most important data points of the quarter, not just for the Fed, but for traders watching the S&P500 (SPX) at these elevated levels.
We’ve seen inflation data act like a volatility trigger in recent months, especially when it diverges from market expectations. And with the S&P flirting with key resistance, the stage is set for either a breakout or a reversal.
Let’s break down both the macro implications and the technical chart setup heading into the release.
Why CPI Matters?
If headline CPI comes in hot, markets may price in fewer Fed cuts this year. Yields spike and SPX often reacts with a sharp pullback.
If inflation cools faster than expected, the Fed may stay dovish. That typically gives SPX and risk assets broadly room to breathe higher.
Current expectations:
- Headline CPI: 3.2 percent
- Core CPI: 3.4 percent
Anything above those numbers is risk-off. Anything below supports the soft landing narrative.
Technical Setup on SPX
On the 4H and daily chart, here’s what we’re seeing:
- Price hovering around a key resistance zone between 5,660 and 5,680
- Rising wedge structure starting to form, typically a bearish sign near market tops
- Bearish RSI divergence on 1D chart
- Volume has been declining on recent pushes higher, showing lack of conviction
Key Levels
- Support: 5,615 and 5,575
- Breakout Target (if CPI is dovish): 5,750 to 5,770
- Downside Target (if CPI surprises hot): 5,500 to 5,480
Watch for a volatility spike on the release and be cautious about chasing the first move.
My Play
I’m personally staying flat heading into the data.
Too much chop, not enough conviction. But I’ll be watching for:
- A false breakout trap above 5,680 followed by reversal as a possible short setup
- Or a clear retest and hold above 5,700 with volume, which may confirm further upside
CPI has become the new FOMC. Be patient and reactive, not predictive.
Final Thought
CPI prints used to be background noise. Not anymore.
This one matters, and SPX is sitting in a technical pressure cooker.
Whatever side you lean toward, come in with a plan and don’t trade the first candle.
SP500 → Countertrend correction before growthFX:SPX500 is correcting against an upward trend. In the second half of the week, the market received fairly positive fundamentals during the reporting period.
S&P 500 futures found support after strong reports from Meta and Microsoft, which exceeded earnings expectations and forecasts thanks to AI. The rise in futures supported demand for the “Magnificent Seven” despite Powell's hawkish comments. The focus is on Apple and Amazon reports in the evening, which could strengthen the tech rally. On Friday, we are seeing a countertrend correction in which the market is testing the 6288 zone of interest.
Support levels: 6288.4, 6262.6
Resistance levels: 6342, 6371
Most likely, the market will form a false breakout of support during the correction. If the bulls keep the index above the key level, we can expect continued growth in the short and medium term.
Best regards, R. Linda!
Here is WHY SP500 WILL SINK and you should SELL!I already made a techincal analysis on SP500 last week. Here i am again trying to warn you. I have a big convinction that SP500 will sink, and pretty hard. Lot of techincal indicator are showing weakness on the daily timeframe (RSI, MACD, AO, OBV), the political situation is getting complicated day by day, and our frind Powell will proably help to start this big moves soon. Checking the seasonality, it's also clear that a drop like that isn't new, and SP500 is following perfectly the average of previous years, and if history is going to repeat (and usually happens) we will see an exit liquidity from the markets in coming days. If you don't want to go short, at least consider to keep in safe your profits with the longs.
What do you guys think about SP500? Are you bullish on it? Let me know in the commnts, i will be happy to read your ideas!
SPX500 in Focus – Breakout Needed Above 6346SPX500 – Technical Overview
The price is currently showing bearish momentum as long as it remains below 6341 and 6323, with a downside target at 6283.
🔻 As long as the price trades below 6341, the bearish bias remains intact.
🔼 For the trend to shift bullish, we need a confirmed 1H close above 6346, which could open the path toward 6365 and higher.
🔹 Resistance: 6341, 6365, 6389
🔹 Support: 6298, 6283, 6247
SPX500 at Key Pivot – Bearish Below 6365, Bullish AboveSPX500 – Market Overview
U.S. stock index futures rose on Friday after President Donald Trump’s temporary pick for a Federal Reserve governor boosted expectations for a more dovish central bank board.
Technical Outlook
Stability below 6365, we expect a move down toward 6341.
A 1H close below 6321 would likely extend the bearish trend toward 6301.
A 1H close above 6365 could trigger a push toward 6389.
A confirmed break above 6389 would shift the bias to bullish, targeting 6425 and 6453.
Pivot Line: 6365
Resistance: 6389 – 6425 – 6453
Support: 6341 – 6321 – 6301
JP Morgan warns the S&P is due a retracement!🚨 Alert 🚨
JP Morgan and Deutsche Bank are the latest to warn that the S&P is due for a correction.
I'm short with a small position size, as the price could move higher yet... Judging by experience, it's near impossible to predict tops. It's best to close long positions or enter smaller-sized short positions with large stops.
VANTAGE:SP500 PEPPERSTONE:US500 ICMARKETS:US500 OANDA:SPX500USD
The worst drops often come later!Don’t be fooled by the first crash… The worst drops often come later in a bear market.
Let’s break down the brutal truth about the 2008 GFC and what it teaches us today. 🧵
1.
In the 2007–2009 bear market, the S&P 500 had 7 failed rallies before finally bottoming.
Every bounce looked like the bottom — and every one was a trap.
👇
2.
The early drops were steep:
🔻 Down 11%
🔻 Down 17%
But the most violent crashes came after those…
Near the END — not the beginning — of the bear market.
3.
Later stage declines:
❌ Down 28%
❌ Down 36%
❌ Down 29%
That’s when capitulation kicked in.
Investors gave up. Fear took over.
4.
Capitulation volume isn’t a guaranteed bottom.
It feels like it’s over.
But if fundamentals haven’t turned and the trend isn’t broken, the bear can still bite — hard.
5.
Final crashes are like cliffs:
Markets are exhausted.
Hope is crushed.
And that’s finally when the real bottom shows up.
6.
The lesson?
Bear markets are full of traps.
Relief rallies can fool even seasoned pros.
Stay patient. Wait for trend confirmation. Don’t chase fake bottoms.
7.
📉 The biggest crashes usually happen at the end of the bear market.
That’s the final flush — and it sets the stage for true opportunity.
Learn from the past. Don’t get trapped. Stay sharp.
S&P 500 extends rally despite macro concernsThe 5% Apple rally aside, it is all about rate cut bets vs. strong earnings. So far, the latter has helped to keep US markets supported near all-time highs. But if macro concerns increase further, investors' perception about future earnings growth will weaken. And with that, we could see some cracks in expensive stocks.
Looking at the hourly chart of the SPX500, the US benchmark was testing a potential resistance zone in the shaded region between 6345 to 6367, an area which was previously support. Above this zone, 6392 is the next level of potential resistance and then the all-time high of 6436 comes into focus next.
earlier, the index bounced after a failed breakdown below the trend line shown on the chart. Another potential test of the trendline could see the index break lower. Short-term support is seen around 6319 then 6277.
By Fawad Razaqzada, market analyst with FOREX.com
SPX500 Dips Ahead of NFP as Tariff Risks RiseSPX: S&P 500 Dips to Close July — Still Positive for the Month Amid Tariff Tensions & Fed Uncertainty
The S&P 500 retreated in the final session of July, weighed down by renewed tariff concerns and lingering uncertainty around the Fed’s next move. Despite the late pullback, the index remains positive for the month overall.
Looking ahead, non-farm payrolls (NFP) and U.S. jobs data are expected to have a strong impact on market direction. In addition, August 1st marks a key date for potential tariff developments, which could trigger further volatility.
Technical Outlook – SPX500
The index has dropped approximately 2.5% since yesterday and maintains a bearish bias as long as it trades below 6283. If the price continues to slide, the next downside target is 6246, with further support at 6223.
However, if the price manages to close above 6289 on the 1H timeframe, it could trigger a bullish recovery toward 6320 and 6341.
Pivot Line: 6283
Support Levels: 6246 • 6223
Resistance Levels: 6320 • 6341
S&P 500 Futures Hold Ground After Tariffs Take EffectS&P 500 Futures Rise After New Tariffs Kick In
President Trump's sweeping tariffs officially took effect just after midnight, escalating trade tensions with dozens of countries. While negotiations are ongoing behind the scenes to secure exemptions and reduce tariff rates, market reactions are already underway.
Technical Outlook
S&P 500 Futures continue to show bullish momentum as long as price trades above 6289, with the potential to retest the All-Time High (ATH).
To confirm a move toward 6453, price must close above 6437 on the 1H chart.
🔻 However, if the price stabilizes below 6389, a correction toward 6365 becomes more likely.
Key Levels:
🔹 Resistance: 6424 – 6453
🔹 Support: 6365 – 6341
US500 Short Setup: Bearish Momentum Toward 6205Currently holding a short position on the US500 from the 6358 level, based on Smart Money Concepts. Price has tapped into a premium zone within a higher time frame supply area, showing clear signs of distribution. Liquidity has been swept above recent highs, and a shift in market structure confirms bearish intent. I’m targeting the 6205 level, expecting a rapid downside move in the very short term as smart money drives price toward discounted levels.
Markets on Fire: Stock Indexes Pop, but Will Big Tech Deliver?S&P 500 and Nasdaq set records. Now it's up to big tech to justify that.
Talk about forward-looking valuation. Tech companies’ valuations are largely based on future potential rather than current performance. And that’s what we’re seeing right now getting priced in across the big indexes.
You’d think we’d be bored of record highs by now. But no — Wall Street keeps hitting refresh on its all-time-high counter. 🎵 Over and over again. 🎵
On Friday, the S&P 500 SP:SPX notched its 14th record close this year, ending at 6,388.64. The Nasdaq Composite NASDAQ:IXIC followed with its 15th at 21,108.32. Even the Dow TVC:DJI — the older sibling who prefers yield over hype — climbed nearly 0.5% to 44,901.92, within a latte’s foam of its December record .
And while indexes are breaking personal bests, investors are buying ahead of some big data deliveries. Why? Because the week ahead is the Super Bowl of Earnings, and the bigger chunk of the Magnificent Seven is up next.
😎 What in the Magnificent Seven?
A highly exclusive club with just seven members, the Mag 7 has entered the earnings spotlight — and the audience isn’t going mild. Traders are pricing perfection, and the script better deliver.
Meta NASDAQ:META kicks things off Wednesday after the close with expected revenue of $44.8 billion and EPS of $5.87. Can Zuckerberg’s AI narrative get investors to forget about the metaverse?
Microsoft NASDAQ:MSFT shows up at the same time, hoping to dazzle with $73.8 billion in revenue and $3.38 EPS. Copilot AI better be doing overtime.
Then on Thursday, again after lights out, Amazon NASDAQ:AMZN joins the chat with its AWS and ecommerce empire expected to pick up $162.1 billion in revenue. Right behind is Apple NASDAQ:AAPL , fighting to stop its slide into meh-land with projected revenue of $89.2 billion and $1.43 EPS. (Fast fact: AAPL is down 12% year to date — among the worst performers in the crew.)
So far, Alphabet NASDAQ:GOOGL already crushed its quarter , posting $96.4 billion in revenue and $2.31 EPS, plus a spicy raise in capex to $85 billion.
Tesla NASDAQ:TSLA ? Not so great. The EV maker reported a 12% revenue drop and a 16% net income decline, spooking investors with a warning of “rough quarters ahead.” The stock is lower by 17% year to date.
Nvidia NASDAQ:NVDA , the AI trailblazer, reports in late August. Until then, it’s chilling on a $4 trillion throne, as per our Top companies rankings, watching its friends sweat it out.
💸 Can the Mag 7 Keep Carrying?
Here’s a harsh dose of reality: the entire S&P 500 is riding on the backs of these seven stocks. Analysts expect them to post 14% earnings growth, while the other 493 companies limp along at 3.4%. Talk about top-heavy things.
So what happens if even one tech titan misses the mark big time and spooks with scary guidance? A market correction? A buy-the-dip opportunity?
And let’s not forget: valuations are stretched. The S&P 500 is now trading at nearly 23x forward earnings (that’s projected profits per share). And the Nasdaq? Don’t even ask. (We’ll tell you anyway — it’s close to 30x). In all that, now’s a great time to keep a close eye on the Earnings Calendar .
📊 Not All Is Big Tech: Fed and Jobs Loom
As if this week wasn’t already packed enough, macro is back on the menu. The Federal Reserve meets Tuesday and Wednesday, and Chair Jay Powell is expected to hold rates steady at 4.5%.
But don’t rule out drama. A single hawkish word and this party could quickly get some rain on. Powell, the man who moves trillions with a simple “Good afternoon,” has a track record of putting markets in their place when they get too euphoric.
And then there’s Friday’s nonfarm payrolls report. Consensus calls for just 108,000 jobs added in July — soft, but not disastrous, and fewer than June’s 147,000 . Blame summer hiring slumps, tariff uncertainty, or the market finally digesting its own hype.
Off to you : Can the Magnificent Seven keep this market magnificent? Or are we about to learn what happens when you ride too close to the sun on AI-generated wings?
US500: Rebound Setup After Sharp Pullback – Key Support HoldingUS500 has experienced a strong corrective move after an extended bullish run but is now showing signs of stabilizing near a key support area. This zone aligns with both technical retracement levels and the market's reaction to fundamental shifts—particularly the dovish repricing of the Fed following weak US jobs data.
Technical Analysis (4H Chart)
Pattern: After a strong uptrend, price faced a steep correction, forming a potential short-term reversal setup.
Current Level: 6,235, holding above the 6,217 support zone.
Key Support Levels:
6,217 (immediate support; key defense zone for bulls).
6,171 (38.2% retracement, secondary support if deeper pullback occurs).
Resistance Levels:
6,272 (23.6% retracement and initial resistance).
6,360 (upper resistance zone and retest of recent breakdown).
6,429/6,436 (recent high and target if bullish momentum resumes).
Projection: A rebound from current levels could push US500 back toward 6,360–6,430 if support holds.
Fundamental Analysis
Bias: Neutral-to-bullish as macro drivers favor a recovery from pullback.
Key Fundamentals:
Fed Policy: Weak US jobs (+73K) and downward revisions have solidified rate cut expectations (~75% probability in September), boosting equity sentiment.
Inflation: Market awaits US CPI; softer data would further support equities.
Tariffs: While Trump’s tariffs create a medium-term risk for earnings, immediate Fed easing bets outweigh these concerns.
Risk Sentiment: Global risk remains supported by lower yields and optimism about Fed easing.
Risks:
Hot US CPI could reverse cut expectations, pressuring equities.
Geopolitical risks or tariff escalation could trigger renewed selling.
Key Events:
US CPI and PPI.
Fed speeches and rate expectations.
Earnings reports from key US companies.
Leader/Lagger Dynamics
US500 is a leader, driving global risk sentiment and influencing risk-sensitive assets like AUD/USD, NZD/USD, and JPY crosses.
Summary: Bias and Watchpoints
US500 is neutral-to-bullish, stabilizing at key support (6,217) after a sharp correction. Fed cut expectations and risk-on sentiment support the upside scenario, targeting 6,360–6,430 if US CPI aligns with softer inflation. However, a hot CPI print could invalidate this rebound and trigger another leg lower.
SPX500 - what's next?Further to my previous idea on SPX.
SPX respected the Resistance at FR 161.8 at 6400.
Price went down and reverted form SMA200 (4H)
Now price has completed the Perfect Gartley Pattern and reached point D.
If (against fundamentals) price reverts down from there and breaks down through SMA50 (4h), I will consider it as Bearish Validation and I will expect correction movement, which cen go down to ca 6000.
Just my humble opinion
S&P 500 Daily Chart Analysis For Week of August 1, 2025Technical Analysis and Outlook:
During the trading activity of the previous week, the S&P 500 Index displayed a predominantly bearish movement after completing our Outer Index Rally target of 6420, as highlighted in the prior week’s Daily Chart Analysis, with the primary objective now being to plug our Mean Support at 6200.
It is essential to recognize that the current price movement may trigger a significant further pullback to the Mean Support level of 6090. Following this downturn, it is expected that the index will resume its upward momentum, aiming for a retest of the Outer Index Rally peak at 6420.
Watching July 31 High and August 1 Low - Key LevelsUS Inflation Next Week (CPI and PPI)
Will August re-test highs with momentum? Or test and fade?
MAGS back to highs.
AAPL has one of the best weeks since 2020's post covid crash recovery (WILD).
I still like long assets, but playing the game with discipline and patience.
Enjoy the weekend. Looking forward to the grind next week.
Thanks for watching!!!
-Chris