Warning: SPX500 May Have Peaked—Here’s What the Charts SayThe S&P 500 (SPX500) may have reached its peak. In this video, I reveal the technical evidence pointing to a potential reversal—including monthly bearish divergence, daily and weekly reversal candles, and confirmation from key indicators.
This isn’t just noise—these signals align across timeframes, suggesting a shift in momentum that could lead to significant downside. I’ll walk you through the charts, explain the implications for traders and investors, and highlight critical support levels to watch.
Thank you for watching and have a great trading week. Cheers!!
US500AUD trade ideas
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.
S&P500 corrective pullback key support at 6200Key Support and Resistance Levels
Resistance Level 1: 6316
Resistance Level 2: 6374
Resistance Level 3: 6430
Support Level 1: 6200
Support Level 2: 6112
Support Level 3: 6073
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 ETF & Index Hit Resistance – A Technical Warning Shot 📉⚠️ S&P 500 ETF & Index Hit Resistance – A Technical Warning Shot 🔍🧠
Following up on the video I just posted , I had to share this updated chart of the VOO ETF (Vanguard S&P 500) and US500 Index , now that both are testing key resistance levels.
On the left: AMEX:VOO has reached the very top of a multi-year ascending channel—a zone that has historically triggered sharp corrections. The level at 590.85 marks a major resistance zone.
On the right: The US500 Index is showing a similar technical overextension, trading just under 6,450, with 5,928.25 as the nearest support below.
🎯 Technicals at play:
VOO could retrace toward 526.17 and potentially 465.72, both of which are solid technical supports within this channel.
This setup doesn't mean panic—but it does argue for caution, especially after such an extended run.
🧠 And yes, the Buffett Indicator (Stocks-to-GDP) continues to point toward an overheated market . While it's not a timing tool, it adds macro weight to the technical signals.
In the video, I also touched on:
Taking profits on NASDAQ:NVDA after a near-perfect technical rejection at target.
Reviewing Rolls Royce nearing upper channel resistance.
Gold and Silver at inflection points—likely to be impacted if equities begin to unwind.
Rotational potential into Bitcoin and Ethereum, which may benefit from macro shifts.
This is how I trade: respect structure, stay proactive, and prepare before the move—not after. Let me know how you’re positioning or if you’re sitting on hands waiting for a dip.
One Love,
The FX PROFESSOR 💙
Disclosure: I am happy to be part of the Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Awesome broker, where the trader really comes first! 🌟🤝📈
SPY Pull back into another earnings week?An engulfing weekly candle is no joke. Sellers are in control.
There is a strong possibility of a pull back and with bias being short, I am looking for a strong LH on the 1/2HR TF to form at 6330 as 50% or 6370- 6375 near the weekly POC.
Confluences for Pull back scenario
- Price bounced off 38.2% fib from 5930 to ATH
- Price found support at 200 ema on 4HR
- 1 HR MACD is building up bullish signal
Have a great week all!
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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History does not repeat itself, however it tends to rhymeIt’s widely accepted that Mark Twain once said (or wrote) that “history does not repeat itself, however it tends to rhyme”.
Historical Parallels to a Super Cycle Wave (I) Top in U.S. Equities
The road to a major market top is often paved with echoing patterns from the past, and today's landscape bears an uncanny resemblance to pivotal historical events that preceded economic upheaval.
The 1918 Spanish Flu—though less economically damaging in the U.S. than elsewhere, still triggered a 1.5% drop in GDP and a 2.1% decline in consumer spending. The resulting economic weakness, paired with rising inflation, eroded real returns on equities and short-term government bonds for years.
Then came the 1929 stock market crash, the spark that ignited the Great Depression. Driven by a perfect storm of extreme speculation, sky-high valuations, and a regulatory vacuum, the collapse revealed the systemic fragility beneath the euphoria.
Adding fuel to the fire, the Smoot-Hawley Tariff Act of 1930 slammed the brakes on global trade. By sharply raising tariffs on imports, it invited swift retaliatory measures from abroad. The result: a devastating plunge in both U.S. exports and imports, deepening the economic crisis and worsening unemployment. Smoot-Hawley has since become a textbook example of how protectionist policy can magnify economic damage.
Modern Echoes: A Cycle Repeating?
Fast forward to the present and we see unsettling similarities.
The Covid-19 pandemic serves as a modern analog to the 1918 flu, disrupting global supply chains and triggering a steep drop in GDP and consumer spending. Unlike the post-WWI period, however, inflation didn’t precede the crisis, it exploded afterward, fueled by pent-up demand and fiscal stimulus, giving rise to persistent “sticky” inflation....and NOT TRANSITORY.
In a similar inversion of sequence, the Trump-era tariffs—modern-day echoes of Smoot-Hawley, were enacted before any major equity downturn, not after. Still, their long-term impact on global trade and supply chain reliability remains a pressure point for the economy.
Most critically, speculation and valuation excess are again center stage. Just as the roaring ’20s were characterized by euphoric risk-taking, today’s U.S. equity market is trading at record-high P/E ratios, despite rising macroeconomic uncertainty and deteriorating breadth.
These historical and contemporary markers suggest we may be approaching the apex of a Super Cycle Wave (III), a turning point that, like its predecessors, may only be fully recognized in hindsight.
It is my contention, that history is currently rhyming.
Best to all,
Chris
What the Next CPI Print Could Do to the S&P500What the Next CPI Print Could Do to the S&P500
A technical and macro setup ahead of the inflation release
Next week’s CPI report could be one of the most important data points of the quarter, not just for the Fed, but for traders watching the S&P500 (SPX) at these elevated levels.
We’ve seen inflation data act like a volatility trigger in recent months, especially when it diverges from market expectations. And with the S&P flirting with key resistance, the stage is set for either a breakout or a reversal.
Let’s break down both the macro implications and the technical chart setup heading into the release.
Why CPI Matters?
If headline CPI comes in hot, markets may price in fewer Fed cuts this year. Yields spike and SPX often reacts with a sharp pullback.
If inflation cools faster than expected, the Fed may stay dovish. That typically gives SPX and risk assets broadly room to breathe higher.
Current expectations:
- Headline CPI: 3.2 percent
- Core CPI: 3.4 percent
Anything above those numbers is risk-off. Anything below supports the soft landing narrative.
Technical Setup on SPX
On the 4H and daily chart, here’s what we’re seeing:
- Price hovering around a key resistance zone between 5,660 and 5,680
- Rising wedge structure starting to form, typically a bearish sign near market tops
- Bearish RSI divergence on 1D chart
- Volume has been declining on recent pushes higher, showing lack of conviction
Key Levels
- Support: 5,615 and 5,575
- Breakout Target (if CPI is dovish): 5,750 to 5,770
- Downside Target (if CPI surprises hot): 5,500 to 5,480
Watch for a volatility spike on the release and be cautious about chasing the first move.
My Play
I’m personally staying flat heading into the data.
Too much chop, not enough conviction. But I’ll be watching for:
- A false breakout trap above 5,680 followed by reversal as a possible short setup
- Or a clear retest and hold above 5,700 with volume, which may confirm further upside
CPI has become the new FOMC. Be patient and reactive, not predictive.
Final Thought
CPI prints used to be background noise. Not anymore.
This one matters, and SPX is sitting in a technical pressure cooker.
Whatever side you lean toward, come in with a plan and don’t trade the first candle.
Bullish continuation?S&P500 is falling towards the pivot and could bounce to the swing high resistance.
Pivot: 6,334.93
1st Support: 6,292.36
1st Resistance: 6,420.86
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SPY back in the trendlineFrom a technical stand point, the expectation was that the trend line will be respected and sellers will force price to close back inside.
Today's daily close can ignite further downward movement which can align with August seasonality that typically sees Indices pull back within this period.
Target still remains 6108 at previous ATH
US500: Rebound Setup After Sharp Pullback – Key Support HoldingUS500 has experienced a strong corrective move after an extended bullish run but is now showing signs of stabilizing near a key support area. This zone aligns with both technical retracement levels and the market's reaction to fundamental shifts—particularly the dovish repricing of the Fed following weak US jobs data.
Technical Analysis (4H Chart)
Pattern: After a strong uptrend, price faced a steep correction, forming a potential short-term reversal setup.
Current Level: 6,235, holding above the 6,217 support zone.
Key Support Levels:
6,217 (immediate support; key defense zone for bulls).
6,171 (38.2% retracement, secondary support if deeper pullback occurs).
Resistance Levels:
6,272 (23.6% retracement and initial resistance).
6,360 (upper resistance zone and retest of recent breakdown).
6,429/6,436 (recent high and target if bullish momentum resumes).
Projection: A rebound from current levels could push US500 back toward 6,360–6,430 if support holds.
Fundamental Analysis
Bias: Neutral-to-bullish as macro drivers favor a recovery from pullback.
Key Fundamentals:
Fed Policy: Weak US jobs (+73K) and downward revisions have solidified rate cut expectations (~75% probability in September), boosting equity sentiment.
Inflation: Market awaits US CPI; softer data would further support equities.
Tariffs: While Trump’s tariffs create a medium-term risk for earnings, immediate Fed easing bets outweigh these concerns.
Risk Sentiment: Global risk remains supported by lower yields and optimism about Fed easing.
Risks:
Hot US CPI could reverse cut expectations, pressuring equities.
Geopolitical risks or tariff escalation could trigger renewed selling.
Key Events:
US CPI and PPI.
Fed speeches and rate expectations.
Earnings reports from key US companies.
Leader/Lagger Dynamics
US500 is a leader, driving global risk sentiment and influencing risk-sensitive assets like AUD/USD, NZD/USD, and JPY crosses.
Summary: Bias and Watchpoints
US500 is neutral-to-bullish, stabilizing at key support (6,217) after a sharp correction. Fed cut expectations and risk-on sentiment support the upside scenario, targeting 6,360–6,430 if US CPI aligns with softer inflation. However, a hot CPI print could invalidate this rebound and trigger another leg lower.
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.
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.
S&P Correction Window is official - VOLATILITY AHEADIt's that time of year where the pre-summer push wraps and the summer lull and potential
pause gets underway.
July 31 finished on a bit of a sour note with over 67% of stocks declining today and US indexes finishing RED despite the big gaps and bullish pops on MSFT and META post earnings.f
SPX Key Levels
-watch the 21 day moving average
-watch the 50 day moving average
-more dynamic support in the 100/144/200 moving average cluster
I'll be taking bites at the 5/10/15% correction levels with options and looking for this dip
to be bought by retail and institutions.
Will August 1 US Tariff Deadline matter? After Japan and Eurozone came in and said a deal is being done, I was thinking this would be a dud. BUT, Dr. Copper says "maybe" on the global
tariff deadline with the largest single day move in history (bearish). Being the perfect time of year for a correction (the other being Feb-Apr), and the technicals looking so clean for an
orderly pullback, VIX may float higher and make things more interesting in the next 30-60 days.
Strategies matter, I'll be trading risk defined, but there are great opportunities ahead. A pullback is sure better than literally watching all-time highs every single day.
Thanks for watching!!!
SPX500 Hits New Highs but Fed Caution Limits MomentumSPX500 Overview
Market Context:
The Fed's reluctance to commit to a rate cut in the upcoming September meeting has forced markets to reassess their outlook. This hesitation pushed Treasury yields and the US dollar higher in late trading, weighing on equities.
As it stands, the probability of a rate cut appears to be pushed further out on the timeline, introducing short-term headwinds for risk assets.
Technical Outlook:
SPX500 printed a new all-time high and maintains bullish momentum after stabilizing above the previous ATH at 6427. As long as the price holds above this level, the bullish continuation toward 6454 remains likely, with a further extension to 6480 possible.
A bearish correction would only be confirmed by a break below 6415.
Resistance Levels: 6454, 6480
Support Levels: 6415, 6389
$SPX Analysis, Key Levels & TargetsThis is how last night’s members chart played out and it was amazing. We opened at the top of the implied move and all of the spreads at the top paid as we dropped back to the 30in 200MA
The spreads I took at 6420/6435 but every spread shown here would have done well.