post market ideasSPX rallied into resistance today, so far it's being held back there. Gold looks like a bounce is coming but I don't think it lasts. NG is looking more and more bullish. USOIL found support under 70 and should test the highs from Friday. BTC looks like it could come down a bit here.
SPIUSD trade ideas
sp 500 trend down S&P 500 remains in a broader downtrend, driven by persistent economic uncertainties and inflationary pressures. Despite a recent correction, with the SPY rising approximately 2.5% from $551.23 on April 25 to $565.00 on May 9, this uptick may be temporary, as market sentiment and macroeconomic indicators suggest ongoing volatility and potential further declines
Rising wedge + Bearish divergence + GAP at 5700 + new war !!!Rising wedge + bearish divergence + GAP down at 5700.
And yes, a new war in the Middle East. Higher oil prices are coming — Iran controls the Hormuz Strait, where 20–30% of the world’s oil is transported. Yes, Iran is on the sanctions list, but other countries aren’t — they trade with Iran and resell the oil to the rest of the world. Triangle trade.
But that supply of 20–30% is about to disappear due to the war. Higher oil prices mean higher expenses. A lot of the world still relies on oil as an energy source.
We’re also out of the previous trend we had before the tariffs.
DYOR (Do Your Own Research).
SPX500 | Bearish Below 6010 Ahead of PPI – Trade Talks in FocusSPX500 | OVERVIEW
US Futures Edge Lower Ahead of PPI Report
U.S. stock futures dipped on Thursday as investors await the latest PPI data, following a softer-than-expected CPI report that eased pressure on the Federal Reserve to hike rates.
On the geopolitical front, U.S. and Chinese negotiators have reached a preliminary trade agreement during talks in London. However, the deal still requires formal approval from Presidents Trump and Xi.
📉 Technical Outlook:
The index holds a bearish momentum as long as it trades below the pivot level at 6010. If price remains under this level, it may extend the decline toward 5966, and a firm close below this support could open the path to 5938 and 5902.
📈 A bullish reversal may occur if the price breaks above 6010, with confirmation on a 1H close above 6020, targeting higher resistances.
Support Levels: 5966, 5938, 5902
Resistance Levels: 6033, 6056, 6098
SPX Danger ZoneLog chart of SPX with a trendline connecting 1929 top to 2000 dot com top and up to 2024-25 top.
We already touched this trendline multiple times at the end of 2024 and the beggining of 2025, after which we saw a 20ish percent pullback.
If history rhymes, then we can expect a top at 6250-6350 area in the next few months and we might even stay around there for some time trapping retail investors and other foverever bulls. However, the crash ranging beteween 50 percent (2000 dot com bubble burst) and 86 percent (1929 Wall Street crash) might unravel over the next few years.
With the amount of leverage in the market this house of cards can tumble down even quicker.
Take care.
US500 Could Rise Further After U.S - China Trade FrameworkUS500 could rise further after U.S.-China Trade Framework - Bloomberg
After two days of marathon negotiations in London, the U.S. and China agreed to a “framework” for resuming a trade truce that had unraveled in recent weeks. Top economic officials from both countries are expected to present it to President Trump and Xi Jinping, China’s leader, for final approval.
This news could boost the stock market today, and the US500 could rise further after the two leaders confirm this agreement.
US500 is well-positioned for another upward wave.
The price broke out of a bullish triangle pattern, suggesting further gains.
Key upside targets are 6100 and 6240.
You may find more details in the chart!
Thank you and Good Luck!
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S&P500 is Nearing an Important Support of 5,960!!!Hey Traders, in today's trading session we are monitoring US500 for a buying opportunity around 5,960 zone, US500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5,960 support and resistance area.
Trade safe, Joe.
My favorite skitzo line in the S&P 500This is a test post, but it's also one of the single most potentially vindicating technical analysis ideas of all time: that the market really is an oracle that encodes the entirety of relevant information.
This trendline uses a logorithmic scale that intuitively "counterbalances" monetary policy and every other value-traveling dynamic like financial technologies and increasing market efficiencies, et cetera. It's a textbook trendline--Murphy says a trendline is a line that connects two highs or lows--and these highs and lows are the country's most violent economic crises: "The Great Depression" and "The Recession".
S&P 500 Breaks Out — Trump, Tariffs & Bullish Island PatternDonald Trump has mentioned the US stock market in every meeting he has held in the past few days, which has caused the US stock market indices , including the S&P500 Index ( SP:SPX ), to rise:
"Better go out and buy stocks now".
President Donald Trump told a crowd in Saudi Arabia on Tuesday that the markets are just getting started. “It’s going to get a lot higher,” he said, right as the S&P 500 posted its first gain since late February.
But one of the main reasons for the increase in the S&P 500 Index and US stocks is The United States has dropped its tariffs on Chinese goods to 30% , down from a brutal 145% , while China is slashing its own duties on US imports to just 10% , temporarily, for the next 90 days .
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Now let's take a look at the S&P 500 Index chart on the daily time frame .
S&P500 Index managed to break the Resistance zone($5,737_$5,506) and 21_SMA(Weekly) by Breakaway Gap .
In terms of Classic Technical Analysis , the S&P500 Index has managed to form a Bullish Long Island Pattern , and this pattern is one of the continuing patterns and will be a sign of the continuation of the S&P500 Index's upward trend .
In terms of Elliott Wave theory , it seems that the S&P500 index has completed the corrective wave and is in new impulsive waves , which could cause a new All-Time High(ATH) to form.
I expect the S&P500 index to increase by at least +5% as it approaches the Uptrend line , and we will see the possibility of a new ATH .
Please respect each other's ideas and express them politely if you agree or disagree.
S&P 500 Index Analyze (SPX500USD), Daily time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
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Premarket update - SPX USOIL GOLD NAT GAS BTCSPX sold off more overnight, but nothing dramatic yet. I do believe we will have a negative day today. Gold looks good for more upside and possibly to all time highs eventually. NAT GAS looks like a short and so does OIL. BTC probably a bit lower to 105k.
S&P500 INTRADAY consolidation range Boeing Crash: An Air India Boeing 787 crashed after takeoff from Ahmedabad to London, killing all 242 on board. It’s the worst accident involving this model. Boeing shares dropped on renewed safety concerns.
Trump Tariffs: Donald Trump plans to set new tariff rates within 1–2 weeks before a July 9 deadline. The EU may be last to get a trade deal. Japan is cautious about any agreement.
US-UK Trade Deal: The US and UK plan to move quickly on a trade deal. The EU is expected to face delays.
Tariff Pause: The US may extend a 90-day pause on tariffs for countries negotiating seriously.
Middle East Tensions: The US is pulling embassy staff as tensions rise. Iran warned of retaliation if nuclear talks fail. Reports say the US is preparing for a possible Israeli strike on Iran. Oil prices eased.
Key Support and Resistance Levels
Resistance Level 1: 6060
Resistance Level 2: 6120
Resistance Level 3: 6172
Support Level 1: 5960
Support Level 2: 5900
Support Level 3: 5800
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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.
S&P500 INDEX (US500): More Growth Ahead
US500 broke and closed above a neckline of an ascending triangle
pattern on a daily time frame.
It is a strong bullish pattern that indicates a strong bullish interest.
With a high probability, buyers will push at least to 6124 resistance.
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S&P 500 - Pay Attention All the world events going on right now has put the S&P in a very interesting position. Even on the brink of war we have seen the SPX pushing towards all time highs. Right now it is entering the major supply zone (where we have seen many tops form) between $6,090 and $6,150. This supply zone has been forming since Dec 2024 and is very important to keep and eye on. Either price will create a macro double top/M pattern and lead us back towards the lows, or we will break above this supply zone a start the expansion phase towards our 1.618 which is currently just slightly below $7k.
The macro looks amazing as our lower white line represents of 2021 previous ATH and during the tariff collapse perfectly got flipped into a new level of support which we represent as our 2025 Macro Low.
The short term is also looking decent. We have identified price is about to enter major resistance so if we do see a pullback we want to target that $5,800 level as the level buyers need to hold to continue momentum. If buyers can push price to new highs in the short term we expect to see that move towards $7k by the end of the year.
S&P 500 (SPX) 1M next week?The S&P 500 is pulling back from a key resistance after completing a bearish AB=CD pattern on the monthly chart. Price action suggests a potential correction toward the 4662–4700 zone, aligning with the 0.618 Fibonacci retracement level, which may serve as a key area for bullish reaccumulation. Momentum indicators show bearish divergence, hinting at a cooling rally.
Fundamentally, the index remains supported by strong earnings in tech and AI sectors, but risks persist from elevated interest rates, sticky inflation, and potential Fed policy shifts. A pullback into the 4662–4700 zone may offer a medium-term setup for continuation toward 5198 and potentially 5338. A breakdown below 4662 would invalidate the bullish structure and shift focus to lower Fibonacci levels.
Short SPX500Elite Live Analysis
Weekly Market Structure: Price tapped into a key structure level and showed clear rejection.
Daily Market Structure: Currently bearish, actively pulling price lower.
4H Market Structure: A new structure has just been confirmed, providing fresh short-term context.
Expectations:
Looking for a structure-to-structure move on the Daily timeframe, aligning with the broader bearish bias.
Targets:
Primary targets are areas of structured liquidity and liquidity pools resting below current price levels.