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.
US500 trade ideas
SPX500 NEARING AN IMPORTANT FIB. EXTENSION RESISTANCEIn this weekend's analysis I find the SPX500 to remain BULLISH for next few days as we have strong closings outside the upper KC band and also touching the upper Bollinger band on the higher time frames from Daily to Monthly charts. It's also important to note that declining volume bars is NOT supporting the monthly rally, while MACD, RSI divergences are also sounding warning sirens that it's near a major correction territory which I have measure as the fib extension 0.618 from the October, 2022 base or support on the monthly chart. As signaled last week that we could be getting a capitulation candle soon to the fib target. Once we get a reversal candle on the 4 Hours it will confirm that the intermediate tops is achieved on the SPX500 and a correction is highly probable. So our trade thesis is Bullish until we get a confirmed bearish signal on either the 4H or 1D timeframe with Stop loss at 6377 level. Thanks for visiting my publication and trade idea on the SPX500. Cheers and happy trading to everyone.
S&P500 uptrend pause supported at 6355The S&P 500 slipped -0.12% after initially rising +0.3%, as Fed Chair Powell’s cautious “wait-and-see” stance on rate cuts dampened sentiment. The metals and mining sector dragged the index lower, falling nearly -4% after the U.S. announced surprise copper tariff details—excluding refined metal until 2027—leading to a sharp -20% drop in COMEX copper futures.
However, market sentiment rebounded overnight, driven by strong tech earnings. Meta surged +11.5% post-market on upbeat Q3 guidance and rising AI-driven ad revenues, while Microsoft rose over +8% thanks to better-than-expected Azure cloud growth and a $30 billion AI infrastructure investment.
Conclusion:
Despite short-term pressure from the Fed’s tone and commodity weakness, strong AI-driven earnings from major tech firms are likely to support a positive bias for the S&P 500 in the near term, especially in the tech-heavy growth segments. Broader gains may depend on upcoming inflation data and Fed clarity.
Key Support and Resistance Levels
Resistance Level 1: 6470
Resistance Level 2: 6500
Resistance Level 3: 6545
Support Level 1: 6355
Support Level 2: 6315
Support Level 3: 6282
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
FOMC rate decision 30-07-2025FOMC announced no change to interest rate, but the new tariffs is the major player for the upcoming quarter, we shall see its effect on the economy and corporates earnings soon, then the fed can make better judgment whether to lower interest rate or not.
Disclaimer: This content is NOT a financial advise, it is for educational purpose only.
SPX500USD | Retesting All-Time HighsThe index has extended its bullish rally, printing a new local high at 6,286.5 before showing signs of slight hesitation with consecutive small-bodied candles.
Support at: 6,134.5 / 6,026.0 / 5,926.2 🔽
Resistance at: 6,286.5 🔼
🔎 Bias:
🔼 Bullish: Sustains above 6,134.5 and breaks 6,286.5 for new highs.
🔽 Bearish: Break below 6,134.5 could trigger a retracement toward 6,026.0.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
SPX Breakdown or Another Push Higher?Hi y'all thanks for tuning in! Here are a few written notes to sum up the video.
Indecision at New Highs
After breaking out to new all-time highs, SPX printed a doji on the weekly chart, signaling indecision. This hesitation could mark the start of digestion.
Still Structurally Bullish, but Extended
The weekly chart shows SPX is still holding trend structure, but price is notably extended from the 10EMA. Historically, when price moves too far from key short-term EMAs, it tends to reset either via time (sideways chop) or price (pullback).
Daily Chart Shows a Shelf Forming
On the daily chart, price has been consolidating just under the prior high with small-bodied candles. This is forming a “shelf” around the 6,260–6,280 zone. It’s acting like a pause, not a breakdown. Holding above this zone keeps the trend intact.
Pullback Risk Increases Below 6,232
If price loses 6,232 (last week's breakout area and short-term shelf), it increases the likelihood of a pullback toward the 6160 or even deeper toward the 5970. That lower zone also marks the bottom of the prior consolidation box from earlier this year.
Seasonality Reminder
Historically, July is strong in the first half, with weakness (if it shows up) arriving mid-to-late month. So far, price has tracked that seasonal strength. Any weakness from here would align with that typical timing.
Tuesday 29 July: Forex Market thoughts The EUR has begun the week under pressure following the US / EUR trade deal.
EUR weakness could be out down to what they call 'sell the fact', meaning buy last week's deal rumours / sell (take profit) on the announcement. Or, more likely, it could be because it appears the US has the better side of the deal. Either way, all of lat week's EUR positivity has dissipated.
I didn't get involved in a EUR short trade yesterday, but there is a case to say it was viable.
The USD and JPY begin the week on the front foot. Possibly benefitting from 'EUR liquidity', or possibly due to 'positioning' ahead of this week's FOMC and BOJ meetings.
As things stand, with the VIX below 15 and the S&P still riding high, I maintain my view that according to market fundamentals, 'risk on' trades 'should' be viable. Which means staying patient and waiting for a turnaround, particularly on the JPY charts.
If that turnaround doesn't come, I could be forced to change my view.
S&P500 uptrend pause supported at 6355US equities were largely subdued, with the S&P 500 inching up +0.02%, marking its sixth straight record high, the longest streak since July 2023. Despite the headline gain, over 70% of S&P 500 stocks declined, revealing weak breadth and suggesting index gains are being driven by a narrow group of large-cap tech names.
Tech led the way, with the information technology sector +0.77% and the Mag-7 rising +0.79%.
Semiconductors outperformed, as the Philadelphia Semiconductor Index climbed +1.62%, driven by AMD’s +4.32% surge.
Momentum is building ahead of key Big Tech earnings: Microsoft and Meta report tomorrow; Apple and Amazon follow Thursday.
Meanwhile, traders are staying cautious ahead of a busy macro week:
FOMC decision (Wednesday),
Core PCE, Q2 GDP, ISM, and nonfarm payrolls still to come.
Geopolitical developments include a possible 90-day US-China trade truce extension and Taiwan cancelling overseas travel, which may help de-escalate tensions.
On the corporate front:
Apple's India strategy sees it surpass China as the top smartphone source for US buyers.
Harley-Davidson may sell its finance unit in a $5B deal with Pimco and KKR.
Vitol rewarded top staff with $10.6B in share buybacks—a record.
Conclusion for S&P 500 Trading
The S&P 500 continues to post record highs, but narrow leadership and weak breadth raise red flags. With tech doing the heavy lifting, near-term direction hinges on earnings from Microsoft, Meta, Apple, and Amazon. Broader market upside looks fragile ahead of critical Fed and economic data, suggesting that any disappointment could trigger a pullback. Stay cautious and watch for rotation or retracement if macro or earnings catalysts falter.
Key Support and Resistance Levels
Resistance Level 1: 6430
Resistance Level 2: 6470
Resistance Level 3: 6500
Support Level 1: 6355
Support Level 2: 6315
Support Level 3: 6280
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Weekly Review: Forex fundamental analysis The week starting Monday 21 July was another week of positive sentiment, the S&P continues to hit all time highs and the VIX remains anchored below 17.
The upbeat mood was propelled by an announcement of a tariff deal between the US and Japan. The market now thinks it's likely deals with EUROPE and CHINA will soon follow. All the while, earnings season continues to quietly slip under the radar (it's worth noting the upcoming week does have a plethora of huge companies reporting).
An election in JAPAN caused uncertainty, giving the JPY a bout of strength at the beginning of the week. I then found it difficult to decide if the US / JAPAN trade deal would be positive or negative for the JPY, ultimately the overall positive risk tone prevailed and the JPY ended the week softly.
It was also a week of two halves for the USD, the interest rate battle between the president and chair Powell continues to cause uncertainty. The FOMC meeting and the upcoming slue of reg flag US data will be very interesting. And could determine the underlying bias for the USD for the rest of the summer.
The EUR and GBP were prominent throughout the week, a 'hawkish hold' from the ECB, combined with positive PMI data and hopes of a trade deal, all contributed to positive sentiment for the EUR.
On the opposite end of the scale, the GBP ended the week bruised, weakened by another bout of 'soft data'. Which opened the door to potential 'relative fundamental' GBP short trades.
Finally, 'fairly hawkish' comments from the RBA'S BULLOCK keeps the AUD high on my to long list.
On a personal note, it was a week of two trades. I perhaps was a little bold in thinking the JPY post election strength was overdone, entering an AUD JPY long which stopped out. You might often think it's frustrating when a trade stops out, but then eventually hits the original profit target. Personally, I take the positive view that at least my original bias was proved correct.
The week was saved on Friday with a EUR GBP long, post GBP retail sales data and trying to take advantage of the positive EUR sentiment.
*As I write, it appears a US /EUR tariff deal is very close, which backs up thoughts of 'risk on' trades to begin the new week.
Trade 1: AUD JPY -1
Trade 2: EUR GBP +1.5
Total = +0.5%
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Third quarter and something we didn’t expectso I’ve been watching the markets for a while and honestly this new admin is doing something that many didn’t saw coming.
it's not even a full year yet, we’re still on Q3, but the impact on the economy is starting to show. what really gets my attention is the tariff collection, it’s been really high and from what I see it’s even generating some kind of surplus in certain areas.
at first I thought this was going to slow down the market or create pressure, but the opposite happened, the stock market has been hitting all time highs, especially in tech and defense sectors.
inflation didn’t spike like people was saying, that calmed down many investors and the flow of money is pretty obvious.
i’m not an expert or nothing but this first months looks like there’s a real direction and the money is moving in a positive way. still need to see how this year closes but if it stays like this, could be one of the strongest starts for a president in a long time.
just wanted to share my thoughts, what you guys think?
ECB on the agenda: The ECB is on the agenda today. I don't envision a particularly volatile event, although a continuation of the 'limited further cuts narrative' should see the EUR supported, particularly given growing thoughts of a US / EUR trade deal.
All in all, with the S&P still climbing, I continue to hold the view that 'risk on' trades are viable, especially since the announcement of the US / JAPAN trade deal. It's just a case of choosing whether to short the JPY or USD.
In other news, 'soft' SERVICE PMI data from the UK puts a little more pressure on the BOE to cut rates, arguably creating a GBP short 'catalyst' trade for anyone at the charts in that moment.
Also, a relatively hawkish speech from the RBA'S BULLOCK, keeps the AUD high on my 'to long list'.
Wall Street takes off: 5 secret growth engines for #S&P500 Record closes for the indices on July 21 came from a powerful combo: a surge in #Google , a strong start to the earnings season, gains in #Apple (+0.6%), #Amazon (+1.4%), plus #Microsoft, #Meta Platforms, and #Nvidia . This momentum, coupled with market bets on imminent Fed rate cuts and hopes for a softening US-EU tariff conflict, pushed #S&P500 and #NQ100 to new all-time highs.
5 mega drivers that could keep #S&P500 and #NQ100 on the runway through 2025:
• AI capex and monetization: Top cloud providers are ramping up spending in computing clusters and generative AI solutions. The growing lineup of paid AI products (Google Gemini, Microsoft Copilot+ Apps, Amazon Bedrock) is starting to generate significant revenue, boosting profit estimates for the “Magnificent 7.”
• Fed policy easing: If inflation keeps drifting towards 2%, we may see the first rate cut of the cycle between July and September. Historically, every 25 bps drop in 10-year UST yields adds ~2% to the #NQ100 ’s valuation multiple.
• Record buybacks and dividends: #S&P500 companies hold $3.5 trillion in cash. After tax relief on repatriated foreign earnings earlier this year, several megacap boards approved accelerated buybacks — mechanically supporting stock prices.
• Easing tariff risks: Potential trade deals between the US and EU, and the US and Mexico, would remove the threat of 20–50% tariffs priced into valuations, unlocking CAPEX in manufacturing and semiconductors — sectors with a heavy #NQ100 weight.
• Resilient consumers and services: Unemployment remains near 4%, and household spending is growing 2–3% YoY. This supports e-commerce, streaming, and platform advertising — together making up ~40% of #NQ100 and ~28% of #S&P500 .
The current highs of #S&P500 and #NQ100 aren’t a random spike — they result from strong corporate earnings, expectations of Fed cuts, and hopes of trade détente. If even some of these five drivers materialize, the indices have a strong chance to stay elevated and set new records by year-end. FreshForex analysts believe current prices could spark a new rally, with today’s market conditions offering plenty of entry points in both indices and stock CFDs.
S&P500 sideways consolidation breakoutKey Developments:
Fed Politics: Treasury Secretary Scott Bessent called for a review of the Fed’s $2.5B HQ renovation, continuing political pressure on Jerome Powell. This adds to the uncertainty around Fed independence and rate path.
Meme Stock Surge:
Opendoor soared 121% amid a retail-driven frenzy.
Major institutional investors are also chasing the rally, pushing broader equities to record highs.
However, upcoming Alphabet and Tesla earnings could be a turning point for momentum.
Corporate News:
Hewlett Packard Enterprise suffered a $985M loss in the Autonomy case—corporate governance and M&A risks in spotlight.
Sarepta paused drug shipments amid backlash—biotech volatility rising.
LA Times plans IPO—media valuations may resurface.
Crypto Moves:
Trump Media bought $2B in Bitcoin and related assets, aiming to become a crypto treasury.
JPMorgan may lend against crypto, signaling broader institutional adoption.
Tech & AI:
MIT’s Andrew Lo predicts AI will make real investment decisions in 5 years.
OpenAI–Oracle to expand US data center capacity by 4.5 GW—significant tech infrastructure tailwind.
Conclusion for S&P 500 Trading:
The S&P 500 remains supported by strong risk appetite, AI optimism, and crypto momentum, but faces near-term tests from key tech earnings (Alphabet, Tesla). Political noise around the Fed and signs of speculative froth (meme stocks) could introduce volatility. Stay bullish with caution—watch earnings and Fed commentary closely for market direction.
Key Support and Resistance Levels
Resistance Level 1: 6340
Resistance Level 2: 6390
Resistance Level 3: 6457
Support Level 1: 6270
Support Level 2: 6224
Support Level 3: 6156
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
S&P 500 H1 | Swing-low support at 38.2% Fibonacci retracementThe S&P 500 (SPX500) is falling towards a swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 6,291.07 which is a swing-low support that aligns with the 38.2% Fibonacci retracement.
Stop loss is at 6,270.00 which is a level that lies underneath a pullback support and the 50% Fibonacci retracement.
Take profit is at 6,338.29 which is a swing-high resistance.
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US stocks hold near record highs on strong 2Q earnings
Despite elevated valuation pressures, US equities remain near all-time highs. While tariff concerns persist, resilient US economic data continues to support the market's upward momentum.
United Airlines reported a 1.7% YoY increase in 2Q revenue, citing easing geopolitical and macroeconomic uncertainties and a double-digit rebound in corporate demand. Meanwhile, earnings and share performance among mega-cap stocks have also been strong.
Netflix (NFLX) beat market expectations with 2Q revenue of $11.08 billion and EPS of $7.19. At the same time, Nvidia (NVDA) reached a fresh all-time high on renewed optimism over a potential resumption of exports to China.
After testing the support at 6285, US500 rebounded and approached its previous high again. The index holds above EMA21, suggesting the continuation of bullish momentum. If US500 remains above both EMA21 and the support at 6285, the index could breach the 6320 high. Conversely, if the US500 breaks below the support at 6285, the index could retreat further toward 6200.