SPX500 Awaits Fed – Key Support at 6388 in FocusSPX500 Awaits Fed Decision – Breakdown Below 6365 Could Deepen Correction
Following the registration of a new all-time high at the beginning of the week, the price has started to decline. Also, investors await the Federal Reserve's policy statement later today for guidance on the future path of monetary policy.
The price is currently positioned below the 6388 level, which is a key zone in conjunction with the support line at 6365. This area signals the potential for a new downward correction if the price stabilizes below 6365.
A sustained move below 6365, confirmed by a 1H or 4H candle close, would open the door to a sharper decline toward 6341, followed by 6319, both considered critical support zones.
As for the bullish scenario: if the price finds support and manages to rebound today, the first step toward recovery would be a breakout above 6388, which may lead to a climb toward 6415. Breaking above 6415 would pave the way to retest the resistance zone at 6427, with the potential to reach a new all-time high at 6454.
Key Levels
• Support: 6365 - 6341 - 6319.
• Resistance: 6388 - 6415 - 6427.
SP500FT trade ideas
S&P 500 as expensive as at the end of 2021 in valuation terms !Two weeks ago, I shared a technical analysis of the S&P 500 across all timeframes. This analysis outlines price targets for the end of 2025 based on technical and fundamental criteria. You can revisit this analysis by clicking the first chart below.
WARNING: A major bullish target I previously mentioned is close to being reached—6,475 points on the S&P 500 futures contract. The market may soon enter a consolidation phase.
Given this week's packed fundamentals, it's wise to start locking in your gains by moving up your stop-loss levels—especially as the S&P 500 has now returned to its end-2021 valuation peak.
Click on the table below to access details on this week's significant fundamental developments:
1. Caution: The S&P 500 has reached its end-2021 valuation record!
While technical market analysis is important, valuation metrics are even more so. The S&P 500 has just reached its previous valuation peak from the end of 2021—historically the starting point of the 2022 bear market. While the current macro context is different, this level could trigger a short-term market pause.
Chart showing S&P 500 valuation via the CAPE Ratio (Shiller PE):
2. S&P 500 seasonality is weaker in August and bearish in September
Another cautionary factor is seasonality. A statistical look at average S&P 500 performance by month highlights a weaker period in August and a typically negative one in September.
In summary, technical, fundamental, and seasonal analysis all point to securing gains as we approach August/September—without questioning the underlying long-term uptrend.
Chart showing S&P 500 seasonality since 1960:
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Nasdaq and S&P 500 higher than ever. Crash incoming??The stock market is now more expensive than ever.
Some people are calling the top, saying that the market is overbought and too high.
There are indicators that show that the market is overheated, but NO ONE KNOWS whether it's going to crash next week or continue running up for months.
Since April, Nasdaq has gained 40%, which is a lot. Congrats if you bought some QLD and TQQQ back in April when I posted about it.
SP:SPX : All-time high. NASDAQ:NDX : All-time high. BITSTAMP:BTCUSD : All-time high. TVC:GOLD : All-time high HOME PRICES ( ECONOMICS:USSFHP ): All-time high. Sounds a bit like a bubble.
The S&P 500’s market cap now equals 28x real disposable personal income — a record.
The stock market Shiller PE ratio is at its highest in 20 years.
Nasdaq companies, especially the MAG7, are strongly outperforming small-cap companies. The last time this happened at this speed, we had the dot-com crash.
The top 10 stocks in the S&P 500 account for 40% of the index.
So, saying this, is the market going to crash?
I don't know, but I know that it's more likely to crash now than it was 3 months ago. It might continue running higher, too, as the FED is expected to cut rates. Really, no one knows. 😊
Here's what I'm doing:
I trimmed down some overpriced stocks from my portfolio: Lemonade, Coupang, Shopify, and Crowdstrike
I trimmed down some of my crypto, especially Bitcoin and Ethereum
I stopped DCA'ing into leveraged ETFs
I'm accumulating cash
I'm still investing (added more healthcare stocks to the portfolio)
Quick note: I'm just sharing my journey - not financial advice! 😊
US 500 – Potentially A Pivotal Week Ahead The US 500 index registered a new record closing high on Friday at 6396 continuing a bullish trend that has yet to show many signs of faltering. The Monday open has seen this move extend as traders digest the positive news flow from the weekend that a US/EU trade deal has been agreed after President Trump and EU Commission head Ursula Von der Leyen, met in Scotland on Sunday. This has seen the US 500 index rally another 0.4% to a new high of 6429 (0730 BST).
However, the week ahead could be a pivotal one for the direction of US stock indices over the remainder of the summer, and in this regard, it is perhaps surprising that market volatility measures, such as the VIX (fear Index), are back to their lowest levels since late March, indicating limited trader concern for what lies ahead. Although, things can change very quickly.
In many ways the week ahead is one that has it all, including a new round of US/China trade talks which start today, a Federal Reserve (Fed) rate decision, key tech earnings, tier 1 US data releases and on-going trade/tariff discussions. More than enough to ensure there is the potential for US 500 price action to become increasingly volatile as the week progresses.
Looking forward, Wednesday could be a very busy day, with the Fed Interest Rate Decision released at 1900 BST and quickly followed at 1930 BST by the press conference led by Chairman Powell, who has been under intense political pressure in the last 10 days. While the Fed are expected to keep rates unchanged, traders may be interested to see which policymakers were keen to vote for a cut, as well as whether Chairman Powell’s comments indicate a September rate reduction may be more likely than currently anticipated.
Then, later Wednesday evening Microsoft, Qualcomm and Meta release their earnings updates after the close, with Amazon and Apple’s results due after the market close on Thursday. These releases could be crucial for sentiment towards the US 500, with particular focus being paid to what these companies say about future revenue and tariff issues, as well as the specific performance of AI and cloud services.
This only takes us to the middle of the week, which is where the tier 1 US economic data releases take over, with the PCE Index, the Fed’s preferred gauge of inflation, due on Thursday at 1330 BST, and then the all-important Non-farm Payrolls update on the current health of the US labour market released on Friday at 1330 BST. US 500 index traders may well be sensitive to the outcome of both of these prints.
That’s still not all. Friday’s US employment update coincides with President Trump’s tariff deadline which could add to US 500 volatility into the weekend.
Wow, I did say it’s a week that has it all!
Technical Update: New All-Time Highs Posted Again
It looks as if the latest US 500 index activity is maintaining the current positive trending themes after another all-time high was posted this morning at 6429. This could skew risks towards the further development of the pattern of higher price highs and higher price lows that has materialised since the April 7th downside extreme at 4799 was seen.
However, it must be remembered, these moves do not guarantee this price activity will continue, so traders may find it useful to assess the possible support and resistance levels that could influence price activity moving forward across what is set to be a very busy week of events.
Possible Support Levels:
If any US 500 price weakness does materialise across the week ahead with the potential to develop into a more extended phase of declines, a support level that traders may consider worth monitoring could be 6289.
6289 is equal to the current level of the rising Bollinger mid-average. Closing breaks below 6289 might suggest a more extended phase of weakness is possible, opening the potential for moves back to 6234, which is the 38.2% Fibonacci retracement, possibly further if this level in turn gives way.
Possible Resistance Levels:
Having been capped by the 6429 all-time high this morning, sellers may continue to be found at this level, so this might prove to be the first potential resistance if fresh attempts at price strength develop over the coming week.
It may be helpful for traders to watch how this 6429 level is defended on a closing basis, as successful closing breaks might suggest a further extension of the uptrend pattern currently evident in price activity.
Such closing breaks higher may well suggest price strength towards 6671, which is the 38.2% Fibonacci extension level of the February 19th to April 7th sell-off.
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Potential bearish drop?S&P500 is rising towards the pivot, which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could drop to the 1st support.
Pivot: 6,362.20
1st Support: 6,214.78
1st Resistance: 6,436.72
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SPX preparing to sweep liquidity around the 6200 level.Based on my analysis, the #SPX has printed a reversal engulfing candle, which could lead to a period of consolidation. The most probable target appears to be the liquidity pool around the 6200 level.
However, this outlook becomes invalid if the daily candle closes above 6410—the current (today) session high.
As always, conduct your due diligence. Technical analysis offers a probabilistic perspective, not certainty.
SPX500 Correction Before Rally? Key Levels in FocusSPX500 Correction Before Rally? Key Levels in FocusSPX500 OVERVIEW
Fundamental Context:
The U.S. and EU have averted a tariff standoff. The agreement reduces the baseline tariff on most European imports to 15%, down from the previously threatened 30% by the Trump administration. In return, the EU has committed to investing approximately $600 billion in the U.S.
Additionally, U.S.–China trade talks are ongoing in Stockholm, with reports suggesting a possible 90-day extension to the tariff deadline.
Technical Outlook:
SPX500 maintains a bullish bias due to easing trade tensions. However, as long as the price trades below 6421, a short-term correction toward 6397 and 6388 is likely. A rebound is expected if the price stabilizes above 6388.
🔺 Bullish Continuation will be confirmed if a 1H candle closes above 6427, potentially targeting 6454 and 6470.
Key Levels
• Support: 6397 – 6388 – 6365
• Resistance: 6454 – 6470
Rob the Rally SPX500: Enter Before Resistance Catches You🦹♂️💎 “SPX500 Vault Breach – Layered Robbery in Progress!” 💼📈
(Thief Trader's Multi-Limit Entry Bullish Blueprint – No Mercy, Just Money)
📍Asset: SPX500 / US500
🎯Plan: Bullish Heist
🧠Style: Layered Limit Orders | Thief Strategy Entry | Zero Mercy Execution
📈Target: 6600.00
🛑Stop Loss: 6200.00
💣Entry: Any level — thieves adapt, not wait!
🌍 Welcome to the Global Robbery Room, Traders!
It’s your boy Thief Trader, back in the vault with another plan to crack the SPX500 like a safe on Wall Street. This one’s for the bold bulls who like to rob with precision, not permission. 🎯💰
💼 The Setup – High Stakes, High Floors
SPX500 is lining up for a classic breakout breach. This isn’t just technical — it’s tactical warfare. Market noise? Ignore it. We operate on strategy and steel nerves. 🧠🔫
🔥 Entry Protocol – Layer Up or Miss Out
🧱 Multiple limit orders across price zones — like planting C4 charges on every door.
🎯 Enter wherever price dips — don’t wait for permission from retail traders.
🎯 No fixed entry — this is Thief Layering: get in where you fit in.
🚪 Escape Plan – Stop Loss Strategy
📍 SL: 6200.00
Why? That’s where the guards start showing up. If price drops below, we vanish.
💡 Be flexible — smart robbers don’t get caught, they regroup.
💎 Target Loot – The Golden Zone
📍 Primary TP: 6600.00
Once we breach the 6500+ resistance, it's a moonwalk. Lock gains or trail with confidence.
📢 Warning for Scalpers & Swing Thieves Alike:
Only play Long-side. Don’t try to rob both ends — that’s suicide.
Big wallet? Scale heavy. Small bag? Layer light but tight.
Always use trailing stops — never trust the market with your escape bag. 🎒💸
📊 Thief Intel – Why We’re Bullish
✅ Index rotation favors large-cap strength
✅ Macro sentiment + institutional bias points UP
✅ No bearish COT signals in sight
✅ Fed tone & economic backdrop: neutral to supportive
This isn’t hopium. It’s strategy.
🚨 NEWS FLASH – Stay Stealthy!
Do NOT enter during economic bombs 💣 (NFP, CPI, Fed minutes, etc.)
Market noise kills precision. We only move in silence and with SLs trailing tight.
💬 Smash that BOOST 💖 if you’re riding with the Thief Army.
Share this plan, spread the word, and let’s rob the markets the smart way.
📢 Tag your crew, stack your layers, and let’s hit 6600 like pros.
📌Disclaimer: Not financial advice — this is a market operation plan for educational use. Trade at your own risk. Smart thieves plan exits before entries. 💼📉📈
🦹♂️ Thief Trader out.
💸 Rob smart. Rob clean. Rob global.
US500 Pulls Back from 6,400– Correction or Trend Shift?The index has rejected the 6,400 🔼 resistance zone with a strong bearish candle, pulling back toward the 6,200 🔽 support region. Price is still trading within a bullish structure, but this drop may signal early signs of exhaustion.
Support Levels: 6,200 🔽, 6,100 🔽, 6,000 🔽
Resistance Levels: 6,300 🔼, 6,400 🔼
Bias:
🔼 Bullish: If price holds above 6,200 and reclaims 6,300, the uptrend remains intact and bulls may reattempt a push toward 6,400.
🔽 Bearish: A daily close below 6,200 could open a deeper retracement toward 6,100 or even 6,000.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
S&P 500 extends drop - can dip buyers come to rescue again?After a decent rally earlier in the day, the major indices and futures started to ease off around mid-morning London trade, before easing further lower in the last couple of hours.
At the time of writing, the S&P was testing its session lows. Here it was probing support and a short-term bullish trend line in the 6319-6331 range. This area needs to hold to keep the bulls happy and in charge. Break this and we could see a bigger correction in the days ahead.
Resistance now comes in at 6372 followed by 6,400.
By Fawad Razaqzada, markets analyst with FOREX>com
S&P500: Stocks and Tariff, what is next?US indices were bullish so far despite the NEW HUGE tariffs. As the tariffs become in play by Aug 1st, we shall see its effect in Q3 results, Q2 earnings beats, but will Q3 do ?
Disclaimer: This content is NOT a financial advise, it is for educational purpose only.
SPX: Investors` defensive positioning? The past week brought a flurry of important US macro data and a high market volatility in line with it. In addition, the FOMC meeting brought up increased nervousness regarding Fed's view on current and future macroeconomic developments. As Fed Chair Powell informed the public, the inflation is perceived to pick-up a bit as a reflection of imposed trade tariffs, but the Fed is not expecting that it will have a significant effect on increasing inflation, but only the one-off effect. Future Fed moves will continue to be data dependent and risk-assessed, in which sense, a direct answer to potential September rate cut was not provided by Fed Chair Powell.
Although Friday brought up some major market corrections in the S&P 500, Thursday's trading session was the one to bring major sentiment and indication over forthcoming correction. Namely, Thursday started in a positive manner, where the index reached a new all time highest level at 6.427, but soon after the market tumbled down, ending the trading day at 6.333. Futures were traded lower on Friday, where the S&P 500 was opened by 1,5% lower, ending the week at 6.238. These movements during the last two trading days are quite important because such strong moves in the value of index could be imposed only by institutional investors, showing their sentiment regarding the macro environment expectations at this moment.
Much of the negative market sentiment was driven by surprisingly weak non-farm payroll data of only 73K in July, which was below market estimate of 110K. At the same time, the unemployment rate modestly picked up in July to 4,2%, from 4,1% posted previously. Some analysts are noting that this could be a summer seasonal effect, however, investors are concerned that this could be a sign of a weakening US economy, due to implemented trade tariffs. During the time of writing this article, CNBC posted a news that the U.S. President Trump ordered immediate release of a duty of a Commissioner of labor statistics, due to continued posts of inaccurate labor data and its frequent revisions, also putting doubts that the July figure of 73K is accurate.
Regardless of actual accuracy of the US jobs data, investors continue to be concerned regarding the effects of implemented trade tariffs on earnings and growth of US companies. As analysts are noting, some of them are trying to lock in gains as earnings risks emerge, but with future uncertainties, a defensive positioning of investors might be wider in the coming period.
SPX 1W – Long-Term Breakout Holding, Can the Rally Sustain?The S&P 500 just printed a weekly breakout above historical highs, tapping into uncharted territory above 6,300 — but now the question is whether the trend can sustain or if a deeper retest is on the horizon.
🔹 Macro Structure
Multiple clean support levels exist below, each marking prior macro pivots — from the 2020 breakout to the 2022 base.
The most immediate zone of interest is 6,100–6,200, which could act as a bullish retest zone if this breakout is valid.
Deeper downside remains structurally healthy unless 4,250 or below is breached.
🔹 Trend Health
Price remains well above the EMA 50 and 100, showing no signs of structural weakness.
Pullbacks into the EMAs historically triggered trend continuation — and bulls will likely treat those zones as reload points.
🔹 Big Picture
As long as SPX holds above 5,400, the macro bull trend remains intact.
A drop to retest lower zones wouldn’t necessarily break the uptrend — but it would shake sentiment and invite reaccumulation.
Is this the beginning of a new macro leg — or the last shake before a deeper correction?
Let’s chart it out 👇
$XLV vs $SPY at multi year low. Is more downside expected? In this space we talk a lot about the market outperformance and how this has resulted in indexes at ATH. The SP:SPX and NASDAQ:NDX and their corresponding ETFs: NASDAQ:QQQ and AMEX:SPY have also made ATHs. But if peel under the surface we can observe that very few sectors have consistently outperformed the S&P 500. The Technology sector represented by AMEX:XLK has consistently outperformed the $SPY. The $XLK/ AMEX:SPY is in a upward channel depicted by the purple line. The SPDR select sector Technology sector has consistently increased its weightage on AMEX:SPY and the ratio $XLK/ AMEX:SPY is currently at 0.41 which is an ATH.
But the same cannot be told about the SPDR Healthcare Sector. The ratio between $XLV/ AMEX:SPY is making multi year low. With the ratio currently at 0.21 it is approaching its multi-year lows of 0.1975. The ratio was so low last in Sept 2000. Hence the question comes what should we expect the AMEX:XLV which is making new lows against the AMEX:SPY ? Will we visit the lows of 0.1975? If it happens then can we expect a upward momentum from his double bottom situation?
In my estimate in this bull market and Tech sector outperforming the AMEX:XLV will make new lows vs AMEX:SPY and the ratio will revisit the 2000 lows. But if on the macro front we have weak jobs numbers and recession risk rising then the AMEX:XLV can in fact draw inflows and outperform the index. Hence my estimate $XLV/ AMEX:SPY will sweep the multi-year low and then bounce back into 2026.
Verdict: Still more downside possible in $XLK/$SPY. Go long AMEX:XLV when the ratio is @ 0.1975 and into 2026.
SPX Elliot Wave Count, Wykoff DistributionBased off the HTF elliot wave count aligning and in confluence with a HTF Wykoff distribution. With the top coming in between 6600-7000ish around September 2025 till January 2026. Further confluence with trendline, fibonnacci time and fibonnaci trend and extension.
Activation of the rounded pattern? Or a trend reversal?In the previous analysis, we mentioned that the price was at a decision point — and it made its decision, managing to move up slightly before returning to the bottom of the channel.
Now, at the end of the channel, a pattern has formed. We need to see whether it gets activated or turns out to be a fake.
If the pattern fails (turns out fake), the bullish trend could continue more strongly.
You Are NOT Your P<here was once a tree that stood alone at the edge of a cliff, overlooking the vast sea.
Some days, the sun shone bright, the winds gentle, the water below calm and peaceful. Other days brought heavy storms, fierce winds, crashing waves, rain so relentless it seemed the skies might never clear again. The seasons came and went. The skies changed again and again. But the tree never thought of itself differently because of the weather.
It did not feel more valuable on a sunny day. It did not feel broken or weak when storms battered its branches. The tree simply stayed rooted. It understood something quietly powerful - “ the weather was never personal. It wasn’t about the tree.”
The tree remained, growing slowly over years, not because the conditions were always perfect, but because it had learned to stand through all of it.
This is something most traders forget.
We step into the market with good intentions, hungry to learn, eager to succeed. But somewhere along the way, we make a mistake. We let our self-worth become tied to the numbers on the screen.
A green day makes us feel smart, in control, like we’ve cracked the code. A red day, on the other hand, shakes us to the core, makes us question our place, our skill, even our worth, like we never belonged here at all.
The danger isn’t just in the financial losses. It’s in how we let the market shape how we see ourselves.
But here’s the truth the market won’t tell you upfront: the market doesn’t know who you are, and it doesn’t care . It doesn’t remember what you did yesterday, how many hours you’ve spent learning, or how desperately you want this to work.
The market moves how it moves. Sometimes it moves with you, sometimes it moves against you. It’s neither a punishment, nor a reward. It’s just movement.
Your wins don’t make you superior. Your losses don’t make you dumb. Both are part of the same cycle, and part of the environment you’ve chosen to work in. If you build your self-image on the outcome of your last trade, you’ll forever live on a fragile edge. Every swing will shake you. Every drawdown will feel like a verdict on who you are.
But trading isn’t about who you are today. It’s about who you become over time.
Your job isn’t to seek approval from a system built on randomness and probability. Your job is to build yourself on steadier ground. To stay rooted, like a tree. To let your process define you, not your P&L.
The storms will come. They always do. Volatility, uncertainty, periods where nothing seems to work - these are all part of the environment. The traders who survive are NOT the ones who try to outmuscle the market. They are the ones who protect their capital, their energy, and their mindset through it all.
They understand that being steady is more important than being brilliant - that surviving is more valuable than being right.
Detach your self-worth from the swings. Build your identity on discipline, patience, humility - the quiet habits you control. These are your roots. And when the storm rolls in, they’re what keep you grounded.
When you stop tying your self-image to your short-term results, you begin to see the market more clearly. You stop forcing trades to make yourself feel better. You stop chasing moves to prove something. You start letting your process do its work, even when it feels slow.
You start to realise that progress in trading is quiet and unfolds slowly, almost invisibly, much like a tree growing through the seasons. Small shifts accumulate over time, often going unnoticed, until one day you look back and truly see how far you’ve come.
When you understand this, red days lose their sting. Green days lose their arrogance. Both just become part of the weather. You adapt, endure, and move forward.
You don’t measure yourself by how much you made this week, this month, or even this year. You measure yourself by how well you followed your process , how calmly you handled the volatility, and how patient you remained when there was nothing to do.
The market doesn’t ask for perfection - only consistency. And consistency comes from within, not from chasing highs or avoiding lows, but from standing firm through both.
Like the tree on the cliff, your strength is not in avoiding the weather. Your strength is in understanding that the weather will pass. It always does. Your roots - your process, your discipline, your patience, are what keep you standing until it does.
⦿ Learn to protect your energy.
⦿ Learn to lose without self-doubt.
⦿ Learn to win without ego.
⦿ Learn to wait without fear.
⦿ Learn to wait patiently
Your worth is not in your wins or losses. It’s in how you carry yourself through both.
Stay rooted.
The seasons will change.
And when they do, you’ll still be here, stronger than you were before.
SPX500USD | Bulls Lose Steam at 6,424.5 ResistanceThe S&P 500 Index showed strong bullish momentum but is now pulling back after tagging resistance at 6,424.5. Price is currently hovering near 6,374.6, where previous structure may act as support.
Support at: 6,374.6 / 6,340.0 🔽
Resistance at: 6,424.5 🔼
🔎 Bias:
🔼 Bullish: Bounce from 6,374.6 and reclaim of 6,424.5 signals continuation.
🔽 Bearish: Break below 6,374.6 exposes 6,340.0 and lower zones.
📛 Disclaimer: This is not financial advice. Trade at your own risk.