Lets take a step backAll 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_TRADER2
S&P 500-hovering below all-time highsUS stock indices were a tad firmer this morning following on from yesterday’s mixed session. The main takeaway from Monday’s trade was that the Dow finished a touch lower, and so its run of eight successive positive sessions came to an end. Otherwise, the S&P 500 and NASDAQ 100 continue to consolidate, trading sideways and within spitting distance of their all-time closing highs from the end of March. The mid-cap, domestically-focused Russell 2000 is also consolidating, although it remains around 16% below its own record high from November 2021. It has been a featureless few days as far as the major US indices are concerned. But that’s not to say there hasn’t been some excitement in equity markets. GameStop, that foundation of all things ‘meme’, is back in the headlines. The stock started to rally earlier this month before it jumped on Friday to hit a 10-month high above $20. Then, ‘Roaring Kitty’, the original Reddit contributor who triggered the interest in GameStop, reemerged over the weekend after a long period of silence. GameStop reacted violently on Monday, gapping higher and nearly doubling, before pulling back. It is sharply higher again this morning, as is its fellow meme stock AMC Entertainment. It’s always a laugh to see moves like this, but there’s a serious side too. Such volatility can wipe out investors as quickly as it makes them fortunes. Could this reemergence of meme stock madness signal that reasoned judgement has once again been chucked out of the window, and equity traders are back in casino mode? Hopefully not. Of more importance now are the two US inflation updates this week, with the Producer Prices Index (PPI) later today, and the Consumer Price Index (CPI) tomorrow. These releases, particularly CPI, have the potential to trigger some violent moves across all financial markets. That in turn could set the stage for stock market behaviour over the coming summer months. That may sound a bit dramatic considering that the markets don’t expect any changes in Fed Funds until the third or fourth quarter, but sentiment is everything. If there’s no improvement in this week’s inflation numbers, then investors may feel it’s a good time to cut their exposure and come back in early September after Jackson Hole. by TylerNorcross0
$SPX $SPY BearishChart looks Bearish, Raising wedge, Bear flag, inverted Cup and handle. Bearish for some time.Shortby sairahulmuda0
US500 - high placed for now?? whats next??#US500.. S&P - market very well holing his supporting areas and grinding higher highs. now market still consolidate from last couple of sessions, keep close it guys because if market hold his current resistance area that is 5235 around then drop expected from here, keep close it and don't be lazy here.. by AdilHussain731333Updated 1
Will soaring commodities lead to a surprise in tomorrow's data?The inflation rate, CPI, and retail sales for the previous month will be released tomorrow. The general market expectations are that the inflation rate advanced higher by 0.4% MoM and 3.4% YoY in April 2024. The CPI is forecasted to come in at 313.75, and retail sales are expected to soar by 0.4% MoM, slowing down from an increase of 0.7% in March 2024. However, with accelerating inflation in the first three months of this year and commodities soaring across the board in April 2024, the question lingers whether investors are due to be surprised once again with tomorrow’s data. Change in April 2024 Aluminium = 8.4% Copper = 11.5% Cocoa = -6.5% Gold = 2.4% Iron ore = 8.4% Silver = 5.3% Steel = 4.9% West Texas Intermediate crude oil = -2.2% Change since the start of 2024 Aluminium = 7.5% Copper = 23.6% Cocoa = 77.8% Gold = 13.7% Iron ore = -18.7% Silver = 20.2% Steel = –11.9% West Texas Intermediate crude oil = 9.62% Technical conditions Daily time frame = Bullish Weekly time frame = Neutral Monthly time frame = Bullish Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.by Tradersweekly2213
SPx (PPI and Powell ) Stock Index Futures Show Little Movement Ahead of Key U.S. PPI Data and Powell's Remarks Federal Reserve Vice Chair Philip Jefferson emphasized on Monday that maintaining current interest rates is prudent until there's clear evidence that inflation is on track to meet the Fed's 2% target. Describing the Fed's policy stance as restrictive, Jefferson voiced concerns over the stagnant progress on inflation in the first quarter. "Given the slowdown in progress towards reducing inflation to our target, it's sensible to keep the policy rate within restrictive bounds, which is where it currently stands," he stated during an event at the Cleveland Fed. U.S. rate futures currently reflect an 8.9% likelihood of a 25 basis point rate cut at the June FOMC meeting, and a 27.6% probability of a similar rate cut by the end of the Fed's July meeting. Technically side: The market is currently experiencing heightened sensitivity due to recent news events, with anticipation building for the upcoming Producer Price Index (PPI) data and a speech by Jerome Powell. Consequently, price fluctuations are expected to remain within a range between 5249 and 5177. It is plausible that the price could ascend to approximately 5237 or 5249 before commencing a downward trend targeting 5196, and potentially further declining to 5177. stability under 5218 means it will start a bearish trend. Should the price breach the resistance level at 5268, a bullish scenario would be activated. Pivot Line: 5224 Resistance Levels: 5249, 5280, 5302 Support Levels: 5196, 5177, 5150 Today’s expected trading range is between the support 5177 and the resistance 5249.Shortby SroshMayi7
S&P500, new ATH this week?! 🤯Last week, I shared my views on the SPX500. The first liquidity zone I was aiming for was $5219, which has now been reached. So there are only 2 important liquidity zones left before the ATH! ✅ 5243$ ✅ 5265$ So I'm going long on the SPX500! A slight retracement to $5146 could be an interesting entry point for a purchase. Feel free to subscribe and boost this post if you enjoyed my analysis, and tell me what you think! Happy trading and a great week :) Longby InfiniteY7
SPX - Moves of the pastOne more run to take out ur shorts, along with the crypto. Then, everything falls. Let us see. Is not an advice, merely my current thoughts. by nakg3Updated 556
us500 trade ideaIf it breaks the resistance, its new target will be 5375 level according to the Fib channel. However, my opinion is that it will get a reaction from resistance and pullback to the rising trend line.Shortby foxforex32
SPx (U.S. Index Futures Edge Higher After Weeks of Gains)U.S. Index Futures Edge Higher After Weeks of Gains Futures for major U.S. stock indexes saw a modest increase on Monday, building on several weeks of consecutive gains. Investors are now focusing on key inflation data due later this week, which will help determine the likelihood of interest rate cuts within the year. The price is anticipated to continue its bullish trend towards 5249, after which it is expected to commence a downward movement upon stabilizing below this threshold. A reversal below 5224 would likely confirm the continuation of a bearish trend, targeting levels of 5195 and 5177. The potential for this bearish trend is attributed to escalating tensions in the Middle East and the upcoming Consumer Price Index (CPI) data release this week. Pivot Line: 5224 Resistance Levels: 5249, 5280, 5302 Support Levels: 5196, 5177, 5150 Today’s expected trading range is between the support 5177 and the resistance 5249.by SroshMayi9
SPX: CPI will test optimism?Equity markets continue to be wrapped into the story of potential rate cuts in the US. The optimism which pushed the S&P 500 toward the level of 5.222 for one more time, was halted on Friday by the much worse than expected Michigan Consumer Sentiment index preliminary for May. Based on these readings, economists are noting a switch in the consumer sentiment in terms of increased fears of inflation, unemployment and interest rates which are all moving in an unfavourable direction in the future period, based on the survey. Such negative expectations might impact contraction in consumer spending in a future period, with final impact on the economic output in the US. However, investors are still holding on to the recent weaker jobs data, which is increasing a potential for Fed's rate cut if the trend continues, exposing some weaknesses in the US economy. April`s consumer price index data are set to be released in a week ahead, and might test currently ongoing market optimism. by XBTFX11
SPX500 H4 | Bullish uptrend to extend further?SPX500 is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 5,207.14 which is a pullback support. Stop loss is at 5,150.00 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level. Take profit is at 5,282.20 which is a pullback resistance that aligns with the all-time high. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.Long03:03by FXCM111
SPX MAY 2024 WEEK 3 OUTLOOK - Daily - bullish, in need of pullback. although this kind of structure on daily hasn't observed a big pullback so far so I will keep an open mind and take longs if they come up. Origin - bullish, in need of pullback. a pull to **5206.79 - 5179.87** and absorption in this zone is what I am looking for. perhaps FED Chair speaking on Tuesday or CPI will push it down. once that happens, I will start looking for buyers to step in.Longby Osiris9921
EURUSD MAY13 2024 AnalysisI am expecting price to retrace and range this week until the release of WED Economic News. BUY Prior to that, if we see substantial retracement into 5180, I am looking to take a long position, granted that there's PA or pattern confirmation. IF OTHERWISE, and price break to trade much lower into 5120, I am looking to long as this is IMO the max retracement before we see an upside push UNLESS Economic News comes out poorly and bearish on STOCK or RISK OFF environment then I'd be looking to short insteadU10:29by popesalmon0
Random Walk? I Would Rather Have Directions Too many traders think they are taking a Random Walk through these market streets. Well this post is to help them define a direction. Can you use this to target the exact price and day/hour/min? No (well sometimes you can nail it) But just like the Map App on your phone it will get you within a certain degree of accuracy AND you will definitely generally no where you are in relationship to where you want to be More to come!!!Educationby Heartbeat_TradingUpdated 8
ICT unicorn sell model at SPXas it is clear we see a FVG and a lower low after reaching to a new high last week. so I suggest to have a sell model to 5164Shortby MasihNabizadeh1
SPx (bullish movement )SPx New Forecast The price reversed and stabilized at the bullish zone because already at the pivot line which is 5120, so stability at this area means will continue the bullish trend to get 5177 and then will move between 5177 and 5120 till breaking should stable under the pivot zone which is between 5120 and 5103 to be downtrend till 5080 Pivot Line: 5137 Resistance Levels: 5177, 5198, 5249 Support Levels: 5120, 5103, 5080 Today’s expected trading range is between the support at 5120 and the resistance at 5177.Longby SroshMayiUpdated 11
VIX to S&P and ATR modellingVIX to S&P and ATR modelling. This strategy looks at 50 day SMA, and VIX If Vix is high, and 50 day SMA is high then S&P falls, potentially over correcting, and creating buy opportunities.Longby sufianmalik1
SPX500 Outlook👁️ OUTLOOK 5hr chart: 30m chart: Context 5hr: Price has been bullish since the beginning of May. Trending nicely above the EMAs 10,50,200. We might get a slight pull back the beginning of the week then a push higher towards the end of the week. Validation 30m: Price is trending very nicely above the EMA's. Currently coming back to meet the 50ema. Bias: Bullish and I will be putting this on my watchlist for the week to look for buys.Longby angelvalentinx1
Week 20 Analysis (12MAY) + Week 19 ReviewWelcome Fellow Traders! Tech Analysis for the coming week + review of the current! Usually takes about 15-20 mins, sharing as much as possible, Stay Tuned! If you find the content useful to you, do follow me on trading view and give me a Rocket BOOST!U18:35by Shadowing_The_Big_Boys1
SP500 - Short - 1:1 / 1:4This technical analysis is for informational and educational purposes only. It does not constitute financial advice. Remember to always research and consult with a professional before making investment decisions. Good luck! 📈💼🚀Shortby JorgeSotelo442