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How Financial Markets Are Reacting to Middle East EscalationHow Financial Markets Are Reacting to the Escalation in the Middle East The exchange of strikes between Iran and Israel continues. However, judging by the behaviour of various assets, market participants do not appear to expect further escalation: → Oil prices are falling. Monday’s candlestick on the XBR/USD chart closed significantly below the opening level. → Safe-haven assets are also retreating: the Swiss franc weakened during Monday’s U.S. session, while a bearish candle formed on the daily XAU/USD chart. Equity markets, too, have largely held their ground. The S&P 500 index (US SPX 500 mini on FXOpen) climbed on Monday (A→B) following reports of potential talks between Iran and the U.S. However, it pulled back (B→C) after the U.S. President urged citizens to evacuate Tehran. Technical Analysis of the S&P 500 Chart News of Israeli strikes on targets inside Iran led to a bearish breakout from the rising channel (marked with a red arrow), though the downward move failed to gain traction. At present, the S&P 500 chart (US SPX 500 mini on FXOpen) shows the formation of an ascending triangle — a signal of temporary balance between supply and demand. Still, given the elevated geopolitical uncertainty, this balance remains fragile. It could be disrupted by: → Further developments in the Iran–Israel conflict (notably, Donald Trump left the G7 summit early due to the situation in the Middle East); → U.S. retail sales data , due today at 15:30 GMT+3. It is possible that the S&P 500 may soon attempt to break out of the triangle , potentially triggering a new directional trend. 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.
FXOPEN:SPXM
by FXOpen
1
S&P 500 Breaks UptrendS&P 500 Breaks Uptrend Only yesterday we questioned the sustainability of the stock market’s upward trend amid alarming news from the Middle East and the evacuation of the US embassy in Iraq — and today, the S&P 500 chart (US SPX 500 mini on FXOpen) shows a break below the lower boundary of the ascending trend channel. According to media reports: → Steve Witkoff, US President Donald Trump’s special envoy to the Middle East, was expected to meet Iran’s Foreign Minister in Oman on Sunday. → Friday the 13th became the date when Israel launched strikes on Iran’s nuclear facilities, dramatically altering the outlook for a potential US-Iran nuclear agreement. → Secretary of State Marco Rubio stated that the US was not involved in the operation, while Israel’s state broadcaster reported that Washington had been informed ahead of the strikes. Technical Analysis of the S&P 500 Chart Yesterday morning, we noted that the Q-line, which divides the lower half of the channel into two quarters, had shifted from acting as support to becoming resistance. This was confirmed during the US trading session (as indicated by the arrow). Selling pressure intensified, and the psychologically important 6,000 level — which showed signs of support earlier in June — now appears to be acting as resistance. It is in this area that the E-Mini S&P 500 (US SPX 500 mini on FXOpen) broke below the lower boundary of its uptrend channel. In addition to ongoing discussions about potential Fed rate cuts this summer, geopolitical risk assessments are now also in focus. It remains unclear how Washington will respond if Iran retaliates. Meanwhile, Israel’s Defence Minister has declared a state of emergency, warning of an imminent missile and drone attack — further fuelling fears of a possible escalation. 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.
FXOPEN:SPXM
by FXOpen
S&P 500 Maintains Uptrend — But for How Long?S&P 500 Maintains Uptrend — But for How Long? As the chart of the S&P 500 (US SPX 500 mini on FXOpen) shows, price movements in June continue to form an upward trend (highlighted in blue). The bullish momentum is being supported by: → News of a potential trade agreement between the United States and China; → The latest inflation report. Data released yesterday showed that the Consumer Price Index (CPI) slowed from 0.2% to 0.1% month-on-month. President Donald Trump described the inflation figures as “excellent” and said that the Federal Reserve should cut interest rates by a full percentage point. In his view, this would stimulate the economy — and serve as another bullish driver. However, as illustrated by the red arrow, the index pulled back yesterday from its highest level in three and a half months, falling towards the lower boundary of the channel. This decline was triggered by concerning developments in the Middle East. According to media reports, the US is preparing a partial evacuation of its embassy in Iraq, following statements by a senior Iranian official that Tehran may strike US bases in the region if nuclear talks with Washington fail. Technical Analysis of the S&P 500 Chart Currently, the price remains near the lower boundary of the ascending channel, reinforced by the psychologically significant 6,000-point level. However, note that line Q — which divides the lower half of the channel into two quarters — has flipped from support to resistance (as indicated by black arrows). This suggests increasing bearish pressure, and there is a possibility that sellers may soon attempt to push the price below the channel support. Be prepared for potential spikes in volatility on the E-Mini S&P 500 (US SPX 500 mini on FXOpen) chart as markets await the release of the Producer Price Index (PPI) at 15:30 GMT+3 today. 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.
FXOPEN:SPXM
by FXOpen
1
S&P 500 Index (SPX) Weekly TF – 2025 Chart Context: Tools Used: 3 Fibonacci Tools: 1. One **Fibonacci retracement** (from ATH to bottom) 2. Two **Trend-Based Fibonacci Extensions** * Key Levels and Zones: * **Support Zone** (Fib Confluence): \~4,820–5,100 * **Support Area (shallow pullback)**: \~5,500–5,600 * **Resistance & TP Zones:** * TP1: **6,450** (Fib confluence & -61.8%) * TP2: **6,840** (-27%) * TP3: **7,450–7,760** (Major Confluence) Technical Observations: * SPX is approaching a **critical resistance** near previous ATH (\~6,128) with projected upward trajectory. * The **green dashed path** suggests a rally continuation from current \~6,000 levels to TP1 (\~6,450), TP2 (\~6,840), and eventually TP3 (\~7,450–7,760), IF no major macro shock hits. * The **purple dotted path** suggests a potential retracement first to \~5,600 (shallow correction) or deeper into \~5,120 or even 4,820 zone before continuing the bullish rally. * The major support zone around **4,820–5,120** includes key Fib retracement levels (38.2% and 61.8%) from both extensions and historical breakout levels. Fundamental Context: * US economy shows **resilience** amid soft-landing narrative, though inflation remains sticky. * The **Federal Reserve** is expected to cut rates in **Q3–Q4 2025**, boosting equity valuations. * Liquidity expansion and dovish outlook support risk assets, including **equities and crypto**. * However, **AI-driven tech rally** may be overstretched; a correction could follow earnings disappointments or macro surprises (e.g., jobs or CPI shocks). Narrative Bias & Scenarios: **Scenario 1 – Correction Before Rally (Purple Path)** * If SPX faces macro pushback (e.g., high CPI, hawkish Fed), expect retracement to: * 5,600 = Fib -23.6% zone * 5,120–4,820 = Major Fib Confluence Zone * These would act as **accumulation zones**, setting up next leg up toward TP1 and beyond. * **Effect on Gold**: May rise temporarily due to risk-off move. * **Effect on Crypto**: Could stall or correct, especially altcoins. **Scenario 2 – Straight Rally (Green Path)** * If Fed confirms cuts and macro remains soft: * SPX breaks ATH (\~6,128) * Hits TP1 (\~6,450), TP2 (\~6,840) * Eventually reaches confluence at **TP3 (7,450–7,760)** * **Effect on Gold**: May struggle; investor preference for equities. * **Effect on Crypto**: Strong risk-on appetite, altseason continuation. Indicators Used: * 3 Fibonacci levels (retracement + 2 extensions) * Trendlines (macro and local) * Confluence mapping Philosophical/Narrative Layer: This phase of the market resembles a test of collective confidence. Equity markets nearing ATHs while monetary easing begins reflect a fragile optimism. The Fibonacci levels act as narrative checkpoints — psychological as much as mathematical. Will we rally on faith or fall for rebalancing? Bias & Strategy Implication: Bias: Bullish with caution * Strategy: * Await **confirmation breakout >6,128** for fresh long entries * Accumulate on dips in the **5,100–5,500** zone if correction unfolds * Use **TP1, TP2, TP3** as staged exits Related Reference Charts: * BTC.D Analysis – Bearish Bias: * TOTAL:Bullish Bias *TOTAL3 – Bullish Bias: * US10Y Yield – Falling Bias Impact:https://tradingview.sweetlogin.com/chart/US10Y/45w6qkWl-US10Y-10-Year-Treasury-Yield-Weekly-TF-2025/
TVC:SPXLong
by BitonGroup
S&P500 Chasing a Retrace - Waiting for Equilibrium After Rally🗓️ Yesterday, I mentioned watching the S&P 500 for a retrace to find a potential long entry. But with the US-China tariff agreement announced, the market rallied hard 🚀—a clear positive for stocks. We didn’t get much of a pullback, and right now, I see the S&P 500 as overextended. I’m not looking to jump in at these premium levels. Instead, I’m waiting for a Fibonacci retrace back down into equilibrium on the current swing for a better opportunity. 👀 My plan: I’ll watch for a bearish break of structure to signal a retrace, then monitor price action as we approach support. If support holds and we get a bullish break of structure, that’s when I’ll look to get involved. 🔄 Just sharing my idea here—this isn’t financial advice! 📢
FX:SPX500
by fxtraderanthony
Stock Markets Consolidate Ahead of the HolidaysStock Markets Consolidate Ahead of the Holidays A lull is expected on the financial markets today due to a shortened trading week related to the Easter holiday celebrations. It is reasonable to assume that traders will get a “breather” after a news-heavy April, which caused a volatile “shakeout” in the stock markets. US Stock Markets On Wednesday, Federal Reserve Chair Jerome Powell was both cautious and somewhat aggressive in his forecasts regarding US monetary policy, stating that Trump’s tariffs could delay the achievement of inflation targets. In response, US President Donald Trump accused Powell of “playing politics”, hinting at his possible dismissal. European Stock Markets On Thursday, the ECB cut interest rates for the seventh time in the past 12 months, and European Central Bank President Christine Lagarde left the door open for further easing. Analysts had expected a rate cut from 2.65% to 2.40%, so the financial markets reacted relatively calmly to the ECB’s decision. Technical Analysis of the S&P 500 Chart (US SPX 500 mini on FXOpen) On the charts of European and US stock indices today, a narrowing triangle pattern is forming, indicating a balance between supply and demand — in other words, price is more efficiently factoring in all influencing elements. On the S&P 500 chart (US SPX 500 mini on FXOpen), the triangle is highlighted in grey. The ADX and ATR indicators are trending downwards, which underlines signs of consolidation. From a bearish perspective, the market is in a downtrend (marked by the red trend channel) — but from a bullish point of view, price is in the upper half of the channel. Although the situation appears “reassuring”, the long weekend may bring a string of high-impact statements from the White House, which could disrupt the balance and lead to a breakout from the triangle. It is not out of the question that the bulls may seize the initiative and challenge the upper boundary of the channel in an attempt to lay the groundwork for an upward trend (shown in blue lines). 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.
FXOPEN:SPXM
by FXOpen
1
$S&P500 macro analysis , market approaching correction °•° $SPXHi 👋🏻 check out my previous analysis ⏰ on SP:SPX macro bullish analysis ⏰ As provided it went up up 🚀 completed my target's 🎯 💯💪🏻 ✅ ✔️ Click on it 👆🏻 just check out each and every time updates ☝🏻 ☺️ ••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••• NOW I was completely 🐻 BEARISH on the market with in upcoming months SP:SPX 📌 Expecting liquidation pump $6500 - $6700 Invalid 🛑 when complete month close above $6700 ¹support - $5500 ( 🎯 ¹ ) ²support - $5130 ( 🎯 ² ) 🎯 3 ... Will be updated based on market conditions by that time ☺️ 📍 A wise 🦉 man said - always having patience " is " always gaining only /- NASDAQ:TSLA ( i accumulate slowly until it cross above $400 ) rest of stocks i will follow index ☝🏻 i will invest based on market conditions ..... ✔️
SP:SPXShort
by raj5_7_5
Gold stands outSince the opening of the gold price in the morning, the gold price has almost been rising continuously during the day, without too much retracement, and every K-line showing a negative trend is an opportunity to go long! During this period, we can't wait for a large retracement, and we also chase the trend after the gold price breaks through 2900! The short-term gold price rose again and earned a profit of 10 US dollars to leave the market! Gold is strong, and the trend is difficult to change. It is impossible to go short, and the next step will continue to maintain a bullish mindset. The top K-line of the gold price in the evening has a negative trend. Gold has entered the adjustment market for a short time, so we still wait for it to fall back more! The first support below is 2895. If the gold price falls back to 2896 in the evening, continue to go long! Specific strategy Gold 2894 long, stop loss 2883, target 2910
TVC:GOLDLong
by x7p2x7p2
1
XAUUSD analysis for the weekLet’s craft a forward-looking analysis for XAU/USD (gold) based on plausible macroeconomic narratives, historical patterns, and potential catalysts. Keep in mind this is a speculative exercise—actual outcomes depend on unpredictable events. Key Factors Shaping XAU/USD 1. Federal Reserve Policy Bullish for Gold: Lower real interest rates reduce the opportunity cost of holding non-yielding gold. Risk: If the Fed pauses or signals a "higher for longer" stance due to sticky inflation, gold could face headwinds. 2. U.S. Dollar Dynamics A weaker USD (due to rate cuts or fiscal concerns, e.g., U.S. debt sustainability debates) would amplify gold’s appeal. A stronger USD (safe-haven demand during a global recession or Fed policy reversal) could pressure gold. 3. Global Recession Risks If major economies (EU, China) slide into recession, gold may rally as a safe haven, even if the USD strengthens temporarily. 4. Geopolitical Landscape U.S. Election Aftermath: Policy uncertainty post-2024 election (taxes, tariffs, fiscal spending) could drive volatility. New Conflicts: Escalation in Taiwan, Middle East, or Russia-NATO tensions would boost gold demand. 5. Central Bank Demand Continued diversification away from USD reserves (e.g., BRICS+ nations) may sustain structural gold buying. 6. Inflation Trends A resurgence of inflation (e.g., energy shocks, supply chain disruptions) would reignite gold’s role as an inflation hedge. Scenario 1: Bullish Rally (2900–3000) Catalysts: Fed cuts rates aggressively (150+ bps total) amid a U.S. growth slowdown. China’s property crisis spirals, triggering global risk-off sentiment. Middle East conflict disrupts oil flows, spiking inflation. Technical Outlook: A breakout above $3,000 (psychological barrier) could trigger algorithmic buying and FOMO momentum. Scenario 2: Bearish Correction (2800-2600) Catalysts: Fed halts cuts due to stubborn inflation (CPI rebounds to 3.5%+). USD surges as EU/Japan face deeper recessions. Central banks slow gold purchases, ETFs see outflows. Technical Outlook: A drop below $2,800 (hypothetical 2024 support) could trigger stop-loss cascades. Scenario 3: Sideways Churn (2750-2900) Catalysts: Markets digest conflicting data (mixed growth, moderate inflation). Geopolitical “cold wars” (U.S.-China tech/trade) persist without escalation. Technical Outlook: Range-bound action as bulls and bears await clarity. Strategic Takeaways Prepare for Volatility: Gold will react sharply to Fed policy shifts and geopolitical “surprises.” Watch the USD: A sustained DXY breakdown below 106 could turbocharge gold’s rally. Risk Management: Use options or trailing stops—gold’s moves could be exaggerated in thin liquidity. Final Note By February 2025, gold’s path will depend on how 2024’s unresolved macro risks (debt, inflation, elections) unfold. While the long-term bullish case for gold remains intact (debasement hedging, de-dollarization), short-term swings will hinge on Fed credibility. PLEASE BOOST US FOLLOW US AND SHARE OUR ANALYSIS
OANDA:XAUUSD
by realmillionairefx
Building Long Position in UPROBased on my technicals, UPRO begun trading at a discount level after last Friday's close (weekly candle). I look at price in a specific format using the RSI indicator. Price trading below 50 level = discount , price about 50 = premium. So currently UPRO is at a discount for my liking and I've begun investing some capital here. Current upside to previous highs is about 20% ROI, so if price continues to head bearish I will continue to DCA (dollar-cost average) down and lower my cost-basis.
AMEX:UPROLong
by primetimesosa
S&P Completing Head and Shoulders Pattern?The S&P 500 tradingview.sweetlogin.com might be completing a head and shoulders pattern—a classic bearish signal. We’ve been following this for a while, we've seen the left shoulder at around 6,000 high, which hit on the SMP FOMO-o-meter, the head near 6,100, and a potential right shoulder at 6,000 high. The key neckline sits around 5,800—a break below could target 5,600. Watch for volume spikes and economic data to confirm the move. But if the S&P pushes above 6,100, the pattern is invalid. Stay ready—this could shape the market! *Video being uploaded. Link to channel in profile *
SP:SPX
by StonkMarketParty
4
S&P 500: BEARISH DIVERGENCE ALERT – Is This Time Different? Alright, listen up, my chart-watching warriors! 🎯✨ We’ve got ourselves a spicy situation on the S&P 500 Weekly Chart, and it’s SCREAMING caution right now. 🚨 The big question? “Is this time different?” Spoiler alert: Probably not. Let’s break it down 👇: 🚨 Bearish Divergence 101 First, let’s talk about the elephant in the room: BEARISH RSI DIVERGENCE. 📊 Price is making higher highs. (Woohoo, right? Wrong. 😬) 💔 RSI is making lower highs. (Oof. 🛑) This is like your car’s engine light coming on while you’re flooring it. Yeah, it’s fun for now, but guess what? You’re headed for trouble. 💀 Déjà Vu? History Doesn’t Lie! Let’s roll back the tape: 1️⃣ Feb 2020: Bearish divergence showed up. Result? BOOM – the COVID crash. 💥📉 2️⃣ Jan 2022: Another divergence. What happened? The market went full bear mode for a year. 🐻🔥 And now? Here we are in Dec 2024, and the exact same pattern is rearing its ugly head. Do we really think this time is different? I don’t think so. 👀 The Bearish Setup: 📈 Trendline Resistance: We’re right at the top of a multi-year rising trendline. This is a make-or-break zone. 💔 RSI Downtrend: The RSI is already sloping down, showing weakening momentum. Buyers are running out of gas. ⛽️💨 💡 Translation: This rally’s on borrowed time, folks. 🔥 George’s Hot Take: This is what I call a “SELL THE RIP” scenario. Here’s the plan: 1️⃣ Watch for a rejection near the current highs (6,050–6,100). 2️⃣ If we break below 5,800, it’s GAME OVER – bears take the wheel. 🐻 3️⃣ Targets? 5,400 is in the cards, and if things get ugly, we could be staring at 5,200. BUT WAIT… IS THIS TIME DIFFERENT? 🤔 You’ll hear the permabulls saying, “Oh, the market is resilient, blah blah.” Sure. But guess what? Patterns don’t lie. If this divergence plays out like it has TWICE before, we’re looking at some serious downside. Don’t fight the charts, fam. 📉 Final Thoughts from the Bear Cave: 🐻 The S&P 500 is flashing warning signs loud and clear. This isn’t the time to be a hero. Play it smart: Tighten stops. 🚦 Hedge your longs. 🛡️ Be ready to SHORT if we break support. 🎯 Let’s see how this plays out, but remember: The charts always win. 👑 Trade safe, my legends. ✌️
SP:SPXShort
by RoadToAMillionClub
6
SPX macro analysis ⏰ Hello 👋 it's me your RAJ 🙂 professional trader ✨ This idea 💡 is completely my own analysis to explain situation _&_ market conditions of CBOE:SPX How this chart valid for long term 📌 explained clearly based on technical #TA 📌 #DYOR Let's go with market conditions 1st 👉 PPL 📌 thinking 🤔 big crash in S&P500 , based on economy and some other theories I don't this things go , if this happens 😂 it will vanish not only stocks or companies even goverment also get vanish Money 💰 >> PPL work / save in -> gold , bank & stocks Money 💰 >> banks -> save in ->> gold , stocks & giving loan to company & PPL 📌 Money 💰 >> companies -> save in future growth 📈 give return to retailers and keep on increasing vlaue for future like NASDAQ:AAPL , NASDAQ:GOOG , NASDAQ:AMD etc .... if stocks lose 📌 PPL lose 📌 if ppl lose 📌 goverment also lose 📌 biggest revaluation 😂 This is the major index ☝️ for many stocks , did you think 🤔 it will crash 🩸 that much harder 🙂 Use 🧠 👀 Let's go with my technical analysis ⏰ #TA ->> how I am expecting macro growth 💹 👀 There tend line 🙄 at previous High 2022 > to < 2023 which actually promised trend 📉 line and even turned as resistance 📌 for 1.2yr + Finally it was broken and re-test also done 👍 turned as support 📌 💜💚 🚀 👀 According technical analysis 📌 my analysis get Invalid 📌 when month close below $3800.2 👀 There was oder block strong 🚀 support 📌 in 3 - month $4000-4200 👀 The previous order block at $4300 & $4600 easily broken 😂 These and some other theories making me push towards new high 💰 Expecting target's 🎯 🎯 :: $4880-$5018 ( easy target ) 🎯 :: $5324-$5469 ( 💯 target ) 🎯 :: $5885-$6484 ( high pressure resistance ) Support 📌 $3900-4200 This is my analysis on S&P500 on macro , i will post other patterns and chart of technical as per education under this post 📌 ----------------------------------------------------------------------------------------------------------------------------------------------------------- 🪩 disclaimer : ▶️ TQ u for supporting 💚 follow idea 💡 get updates everytime ⏰ when I updated 📌 Note 👀 👉 keeping comments , reacting with emojis , pointing us is very easy to some people They think 💬 what they see 📌 that was knowledge 📌 We need to learn market in many ways and should get adopted with experience, TECHNICAL ANALYSIS won't help understanding market structure and understanding bull 🐂 and bear 🐻 is more important Economical conditions Fundamentals Technical News Sentiments Checking macro to micro having good plan and build it is very important ☺️ Some Times market easily turn suddenly bear // bull 🤣 even we need to catch 🫴 those movements is also very important ☺️ 💛 I hope i cleared my view 🙂 if any points if I miss I will add in update 📌 post Try to understand, try to learn - try to move with flexibility with market is important Have good day 😊
SP:SPXLong
by raj5_7_5
$SPY tough spot right now, but there's still a glimmer of hope!On the daily chart, there are three bearish signals without even considering indicators: 1. Price is below the EMAs. 2. With a gap down. 3. From a coil spring. On the weekly chart, the trend remains intact. However, if we drop below the fast EMA, a significant test will be the slow EMA. The key level to watch is the low of the daily channel line at $554, which aligns with the weekly slow EMA at approximately $551. For me, that represents the definitive line in the sand for SPY.
AMEX:SPY
by WavesInvesting
S&P 500, US500 Market Robbery Plan To make moneyMy Dear Robbers / Traders, This is our master plan to Heist S & P 500 Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. There is two plan to heist this market, Our target is Green Zone when market comes downside that is High risk Dangerous level MA act as a Dynamic Support & Order Block, So the Market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Once Bull trend is formed in the green level we can start our buy plan to heist the market in buy direction, our Target is red zone. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
OANDA:SPX500USD
by Thief_Trader
1
SPX: an alternate EW count if 4216.45 breaksSPX and markets overall are slaughtering bulls for the last couple of weeks. Now bloody Monday is the trending search on google search. If the last low breaks, I am not super convinced that market will go in a free fall. Even though anything is possible, there is a lot of support between 4150 and 4000. So, if we don't see some circuit breaking 5% down moves next week, it is very likely that the correction is on its last legs. However, breaking 4216.45 will also mean that the motive wave is over, and wave 4 count is invalidated. Instead, the macro will count as a diagonal ABC move for primary wave 3 with C leg to the upside following the current correction. And just like a motive wave 3, a C wave of diagonal wave ABC will also be quite strong. It might take SPX to close to 6000 in short few months. So, either we will see a waterfall down to 3k or a melt up to 6k starting in the next couple of weeks. It will mean fast reflexes and market buys and sells to keep up.
SP:SPX
by mukit1
20 Year SPX Bear MarketAfter looking over and fine-tuning my analysis for SPX over the past few months, I think I've calibrated things as good as they will get for now (barring any new, major developments which would force me to re-adjust my wave count). SPX has been on a tear from 1877 to 2022 for a very large Grand Supercycle (a 5 wave move lasting more than 100 years). Though timely corrections were seen during the Great Depression (1929-39 roughly) and during the 9-11/Iraqi War timeframe (early 2000s), to name a few, the Bulls have always responded and claimed higher highs afterwards. Giving SPX traders the feeling that it will never ever come down. However, the injection of the COVID era seems to have forced the SPX into a much different and more dramatic phase potentially. Though a new all-time high was seen after the introduction of COVID-19, the lingering nature of this disease and its effect on global economies will continue take a toll on the US Stock Market as it seems.. Surely, I'm no Doctor but I think SPX has a case of Long COVID to put it more plainly. Beyond the fractal by fractal wave counting, I've also heavily considered fibonacci levels plus RSI readings. Things to note: 1) Wave 5 terminates between +1.38 or +1.618, compared to the size of Wave 4. Currently the hypothetical Wave 5 sits at more than +2(00%) the size of Wave 4, technically making it extended. 2) The Elliott Wave science suggests that RSI has the lowest peak in Wave 1, the highest peak in Wave 3 and an obvious divergence in the peak of Wave 5's divergence. Looking at the circled areas of SPX's RSI window, all of these guidelines seem to ring tru. Its clear to see that the RSI peaked in Wave 3, its also clear to see that although Wave 5 made a higher-high in price action - the RSI level terminated at a lower level compared to Wave 3, its also clear to see that the RSI in Wave 1 was the lowest of the three-trending-waves (1,3 and 5; Waves 2 and 4 are corrections against the trend). As for price levels, its my belief that if SPX cannot reclaim and hold support above 4000=4600 in the next few years to come then the pending pump (which should initiate in the days/weeks ahead) will only serve as a correction/relief rally/retracement. WIthout 4000-4600 turning into support (in the next few years), I have reason to believe that the Bear Markets is even more likely (see outline below).
SP:SPX
by DigitalSurfTrading
12