S&P500: Channel Up targeting 6,170.S&P500 is bullish on its 1D technical outlook (RSI = 65.737, MACD = 75.400, ADX = 16.727), unfolding the new bullish wave of the 1 month Channel Up, after a bottom near the 4H MA200. The first bullish wave one reached +4.35%, we expect to repeat that so for a few more candles we will remain bullish, TP = 6,170.
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SPX (S&P 500 Index)
06/23/25 Trade Journal, and ES_F Stock Market analysis EOD accountability report: +1128.75
Sleep: 7.5 hours
Overall health: good
VX Algo System Signals from (9:30am to 2pm) 4/4
10:40 AM VXAlgo NQ X1 Sell Signal (double signal):check: 10 pt move
12:00 PM Market Structure flipped bearish on VX Algo X3! :check: 35 pt move
12:43 PM VXAlgo ES X1 Buy signal (triple signal) :check: 20 pt move
1:34 PM Market Structure flipped bullish on VX Algo X3! :check: 23 pt move
What’s one key lesson or takeaway from today?
and What major news or event impacted the market today?
Oil is trading as if the Israel/US-Iran war is over and market can be irrational lol
What are the critical support levels to watch?
--> Above 6060 = Bullish, Under 6050= Bearish
Video Recaps -->https://www.tradingview.website/u/WallSt007/#published-charts
SPX500: Bearish Momentum Below 5966, Bullish Recovery Above 6010SPX500 – Technical Overview
SPX500 is currently exhibiting bearish momentum, largely driven by escalating tensions in the Middle East, which are contributing to heightened market volatility.
At present, the price is approaching the pivot level at 5966. A confirmed 1-hour candle close below this level would likely reinforce the bearish bias, targeting 5938, and potentially extending the decline toward 5902 and 5858.
However, if the price stabilizes above 5990, we may see a retest of the 6010 resistance. A breakout above this level would shift the momentum toward the upside, with further targets at 6041 and 6098.
Key Levels
• Pivot: 5966
• Support: 5938, 5902, 5858
• Resistance: 6010, 6041, 6098
A Trend on Borrowed Time, A Micro ED within a Larger ED?Since mid-last month, the broader equity market has been grinding higher — but not with confidence.
The advance has been marked by choppy, overlapping price action that feels more hesitant than bullish. Yes, prices continue carving out higher highs and higher lows, but MACD momentum tells a different story. With every push upward, the MACD weakens, flashing warning signs beneath the surface. Taken through the lens of Elliott Wave theory, this unfolding pattern carries all the classic fingerprints of an Ending Diagonal — a structure that often signals a trend on borrowed time.
Key Characteristics of an Ending Diagonal:
1. Position in the Wave Structure:
A. Occurs in Wave 5 of an impulse wave or Wave C of a corrective pattern (such as a zigzag or flat).
B. Rarely, but sometimes, seen in Wave 3 of an impulse, but this is generally associated with a leading diagonal, not an ending one.
2. Structure:
A. Composed of five sub-waves, labeled (i), (ii), (iii), (iv), (v).
B. Each of these sub-waves subdivides into 3 waves (i.e., they are all corrective or "3-wave" structures, often labeled as a-b-c).
C. This gives the whole pattern a distinct 3-3-3-3-3 internal structure.
3. Price Behavior:
A. Overlapping waves: Wave 4 often overlaps with the price territory of Wave 1, which is normally a rule violation for standard impulsive structures — but it's allowed in an ending diagonal.
B. Converging trendlines: The upper and lower boundaries of the diagonal typically form converging lines (like a wedge), though they can also be parallel in some cases.
C. Diminishing momentum: Often accompanied by momentum divergence, meaning price makes a new high or low, but momentum indicators (MACD, RSI) do not confirm.
4. Implication:
A. An ending diagonal suggests the current trend is running out of steam.
B. Once complete, a sharp reversal or significant correction is expected.
In my analytical view, the byproduct of an Ending Diagonal often lures market participants into a conflicted state — cautious, yet unable to ignore the persistent upward grind. You’ve probably heard the old market adage: “Don’t fight the tape.” In this case, that mentality sets in as traders, wary but worn down, finally throw in the towel and join the advance — only for the market to seemingly punish that decision with a sharp reversal.
Many experienced traders describe their Ending Diagonal experience the same way: “The moment I finally stopped fighting the trend and got long, it was as if the market was waiting for me — and reversed hard.”
That is how I would describe this micro ED we appear to be in the final stages of what I’m counting as the micro wave v of (v) of Minor A.
For now, no key structural support levels within the Micro Ending Diagonal have been breached, so the advance can certainly stretch a little higher. But make no mistake — in my opinion, this remains one of the most dangerous, deceptive patterns to engage with.
Last week, I closed my short out-of-the-money ES call positions during the micro wave iv pullback (not shown on the above chart). Ideally, I’m looking for an opportunity to reestablish a similar position this week. From there I will reassess the larger Ending Diagonal pattern you see outlined on the chart above.
SPX: geopolitics, Fed, inflationDuring the previous week the S&P 500 was moving in a mixed manner. The trading range was between levels 6.039 and 5.967 where the index is closing the week. Traders and investors had quite a lot of topics to cover in order to decide which side should be traded. The tensions in the Middle East were one of them, continuing for the second week in a row. The FOMC meeting was held, with the Fed holding interest rates steady, for another meeting. Still, the Fed continues to count with two rate cuts till the end of this year. The Fed expects that implemented trade tariffs by the US Administration might affect short term inflationary pressures, but it should be a one-off effect. Some positivity for markets came from the statement of the Fed Governor Waller, who noted that the Fed might make the first rate cut in July. On the opposite side was San Francisco Fed President Mary Daly, who noted that she would be more confident to cut rates, after she is certain that the trade tariffs would not make a significant impact on inflation.
Uncertainty still holds on markets, especially after news posted by the Wall Street Journal, noting that the U.S. might cancel technology waivers, impacting some chipmakers. The tech companies involved in the semiconducting business dropped in value. Friday's trading session Nvidia ended by 1,12% lower, AMZN also closed the week with a drop of 1,33%. This week on the opposite side was Apple, with a gain of 2,25%.
As long as uncertainty shapes investors sentiment, the market will lack optimism. The volatility on the US equity markets might continue, with possibly negative trends. The week ahead brings the PCE data as well as Fed Chair Powell`s testimony in front of the Congress, in which sense, the volatility will most certainly hold.
06/20/25 Trade Journal, and ES_F Stock Market analysis06/20/25 Trade Journal, and ES_F Stock Market analysis
EOD accountability report: +1437.50
Sleep: 6 hours
Overall health: hanging in there
** VX Algo System Signals from (9:30am to 2pm)**
— 6/20/2025 9:30 AM VXAlgo ES X1 Sell Signal (double sell) :check:
— 6/20/2025 10:30 AM Market Structure flipped bearish on VX Algo X3! :check:
— 6/20/2025 11:14 AM VXAlgo ES X1 Buy signal (triple buy) :check:
What’s one key lesson or takeaway from today?
and What major news or event impacted the market today?
Fed's Barkin: There is nothing urgent in the data warranting a rate cut at this point.
What are the critical support levels to watch?
--> Above 6015 = Bullish, Under 6005= Bearish
Video Recaps -->https://www.tradingview.website/u/WallSt007/#published-charts
The Market Sways and Trump sets a deadline ‼️ Hey hey, hope all is well, don't have too much time so just gonna keep this short and get at what we need right now, thanks for tuning in.
‼️ If you've been following the news then you understand that tensions are pretty high, the conflict in the Middle East is progressively getting worse and worse by the day with The United States now looking to play peacemaker between Iran and Israel.
‼️ Trump himself has given a two week deadline for him to decide on whether or not the United States will join the fight and bomb Iran which notably has the market shaken. Below I've added a link with a reference to an article which highlights the recent news and trumps deadline.
www.npr.org
‼️ Historically, we've seen trump do this before, he's no stranger to setting deadlines, especially when it comes to global conflicts. As the article also references, trump has done this before, take April 24th for example when a reporter asked Trump on his position with continuing military assistance for Ukraine: "You can ask that question in two weeks, and we'll see" responded Trump. It's become a tactic that Trump has used often throughout his term's prompting the question of whether or not we will really see him take action by the end of the two weeks or not. So we should take that understanding and take everything with a grain of salt.
‼️ The market itself is already use to the idea of war or joining a fight like we had to deal with when fighting started between Ukraine and Russia which shook the market before things ultimately got back to routine and the market was able to price in the war. I do have to note though that the global conflicts in Ukraine are much more different than those in the Middle East so that should be taken into consideration as well.
‼️ That being said on Saturday Trump made the announcement that the U.S had launched an attack on three of Iran's main nuclear sites signifying the U.S may be ready to join the fray. That or they have taken advantage of the high tensions to launch an attack of their own to beat at Iran's nuclear progress in order to delay, prevent them from acquiring a nuclear capability understandably.
‼️ I have to go but for technical analysis we'll be watching that 200 EMA for our bullish and bearish convergences, as well as news which will give us an idea of what way the market will head. Definitely one of those times to sit and watch how things play out, we've already come relatively close to retesting our all time high breaking above 6,000 so the market's definitely got some energy. We've dealt with this before but should the U.S really get itself involved with the war and bomb Iran then I would expect the global markets to react heavily. We've seen the U.S offer aid to countries such as Ukraine but when speaking about joining war that's a different matter entirely.
‼️ Definitely be mindful of the news the next few weeks as things progress and don't be to rash with your decision and choices, stick to what's worked and let's focus on what's worked. Paying mind to our indicators and strategies alongside much patience.
‼️ Thank you for tuning in with me as always, appreciate the constant support and wishing all the best. Feel free to keep tuned for more and thanks again.
Best regards,
~ Rock '
Big CorrectionThe S&P index.
The chart shows the potential end of the final rally from the 2009 low.
Currently, with this rally from the recent 4,800 low, we are still in a correction period that will end in late October (highs and lows are irrelevant), & We have a date coming up in August so let's see what happens there.
After this period, we will have a rally combined with uncertainty and unjustified speculative movements (bubble) that could take us to the final peak, which I expect in 2026.
This remains a possibility, but don't base your trades on it. However, caution is often good.
BRIEFING Week #25 : Heading into Summer ModeHere's your weekly update ! Brought to you each weekend with years of track-record history..
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Low frequency trading (LFT) vs HFTHey fellow tarders and financial mojol,
I've got some insider info that's going to blow your minds! 🤯
According to my top-secret sources (aka my pet parrot who squawks numbers at me), low-frequency trading algorithms have finally figured out the true fair price of the S&P 500. Drumroll, please... It's $550! That's right, folks, all those high-frequency trading bots are currently aiming for this magical number as we speak.
But wait, there's more! The next step in this thrilling financial adventure involves radiowaving all the way down to $400. Yes, you heard it here first. We're talking about some serious next-level trading strategies that involve actual radio waves. Who needs fiber optics when you've got good old-fashioned radio, right?
So, buckle up and get ready for the ride of your life. The market's about to take a trip back to the good old days when $550 was the dream and $400 was just a stone's throw away.
Happy trading, and remember, if your broker gives you weird looks, just tell them you're tuning into the market's frequency! 📡💸
[06/16] Weekly GEX Roadmap - Diagonal Spreads or Put Hedges?📊 Weekly GEX Map (SPX)
This week’s GEX profile looks nearly identical to last week:
Positive bias above 6020 up to 6100
But a sticky chop zone remains from 5975 to 6020
Below 5950? That’s where things get interesting…
⚠️ What Happens If 5950 Fails?
In that case - welcome to negative gamma territory:
Delta becomes unstable → fast, erratic moves
Gamma loses influence → hedging effectiveness drops
Dealer hedging lags → market makers chase, not lead
Vega + theta distort readings → charm decay accelerates
Result:
GEX zones lose clarity.
Pinning breaks down.
Reactions become nonlinear and emotional.
If we drop below 5950, we might see acceleration instead of stabilization — despite the positive GEX profile.
💡 Trade Idea of the Week – With Caution
If not for Wednesday's macro risk (Fed rate decision), I'd suggest a bullish diagonal spread toward 6100–6150:
Limited downside
Defined risk
Covers the full squeeze zone
But with FOMC looming, I'd only hold this trade until Thursday and close once the debit doubles or earlier.
🧨 Macro + Geo Risks
Fed is priced for “no move” → any surprise = volatility spike
Rising tensions with Iran → oil and futures could react violently
Recommendation : Avoid OIL this week, especially futures and naked strategies
🛡️ Prefer Downside Protection?
If you expect weakness on SPX weekly:
Consider a put debit spread with the short leg at 5950, where the second strongest Put Support sits.
This type of structure can offer up to 6:1 reward-to-risk, making it one of the most efficient bearish hedges for this week.
If you enjoyed the above breakdown, feel free to check out my previous weekly analyses or explore my tools as well.
Until next time – Trade what you see, not what you hope,
– Greg @ TanukiTrade
SPX vs VIX: Is this a sign of a bullish market?VIX has seen a strong decline in the past 2 months following the massive surge of Feb-March due to the Tariff War. In contrast, the S&P500 rose massively to almost its ATH, which is a natural response as the two assets are negatively correlated. This VIX pattern has been seen during every major market bottom in the past 15 years, the strongest of which was the 2020 COVID crash. This is a sign of a very bullish market, TP = 6,800 by the end of the year.
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SPY where are we going into OPEX and last week of June tradingYesterday was almost an indecision candle on daily. Markets cheered the jobs data earlier in day with a nice green candle, however the pump faded going into FOMC, where AMEX:SPY and SP:SPX were around 600/ 6000 at 2pm. FOMC event mostly turned out to be a "non-event". While the no rate cut and 2 for 2025 were largely expected, Powell spooked the markets commenting that he expects higher inflation in months ahead due to tariffs. Off course this set of a set of comments from Trump which was expected as well.
While markets are closed today (Juneteenth) futures are open, and in after hours and now we have drifted downwards... as of this writing SPX is around 5950. Bulls lost the 9 sma yesterday and now are trying to defend the 20 sma. Tomorrow is OPEX so expect some volatility and movement to where big money is positioned.
Certainly bulls can show up and reclaim 9 ma at 6003 or if we lose 5950, the next level down is below 5800. Meanwhile JPM collar is intact... Do we go down from here. Tomorrow will be key as we will know if we have lost 20 sma or regained 9 sma and how this week candle looks like.
Bulls can charge but is there enough gas in tank to make meaningful upside move? Maybe possible pump to open next week (around 6060 was recent high), but bears are now lurking to take us down towards that 5800 level next week.
As I said earlier tomorrow will be telling and I will update over the weekend.
06/18/25 Trade Journal, and ES_F Stock Market analysis
EOD accountability report: +521.25
Sleep: 5 hours (bad sleep)
Overall health: My Ultrahuman Ring is saying I might be getting sick. 9 need to recover sleep and take care of body today and tmr. I think my lack of exercise this week is catching up to me.
**What was my initial plan? **
Looking at things premarket, things looked a bit weak as it was about sell off in the morning with bearish structure and DHC. Went in for a short at 1 min MOB but it didn't react and just broke thru, so flipped to bullish side and took it to the next resistance.
overall plan for the day was to look for chop zones to scalp b4 fomc, but that actually didnt happen until after fomc.
** VX Algo System Signals from (9:30am to 2pm)** 4/5
— 9:50 AM Market Structure flipped bullish on VX Algo X3! :check:
— 10:52 AM VXAlgo ES X1 Sell Signal :check:
— 12:10 PM VXAlgo ES X1 Buy signal (Double signal) :x:
— 12:11 PM Market Structure flipped bearish on VX Algo X3! :check:
— 1:40 PM VXAlgo ES X1 Buy signal (Double signal) :check:
Next day plan--> Above 6015 = Bullish, Under 6005= Bearish
S&P500: 1D Golden Cross incoming. 6,300 sighted.S&P500 is on an excellent bullish technical outlook on 1D (RSI = 60.006, MACD = 86.860, ADX = 23.325), extending a May 23rd rebound on its 1D MA200. Soon the market will form a 1D Golden Cross, drawing valid comparisons with the 2020 COVID recovery. That pattern, following its 1D MA200 rebound, extended the uptrend all the way to the 1.136 Fibonacci extension before pulling back to the 1D MA50 again. Buy, TP = 6,300.
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06/17/25 Trade Journal, and ES_F Stock Market analysisEOD accountability report: +1,337.50
Sleep: 9 hours
Overall health: Good, was averaging 40k steps the week before, now around 20k avg,
need to get it up to 25k steps min per week.
**What was my initial plan? **
Went into the market pretty neutral today with the mindset that it should be the calm before storm (fomc tomorrow), There was a string defense of 1 min MOB in the morning and that gave me the belief that early part of the day was going to be bullish so i took a few stabs at support and made my money.
** VX Algo System Signals from (9:30am to 2pm)** 4/4
— 9:34 AM Market Structure flipped bullish on VX Algo X3! :check:
— 10:30 AM VXAlgo ES X1 Sell Signal (double signal) :check:
— 11:36 AM VXAlgo ES X3 Sell Signal (double signal) :check:
— 1:00 PM Market Structure flipped bearish on VX Algo X3! :check:
Next day plan--> Above 6015 = Bullish, Under 6005= Bearish
Video Recaps -->https://www.tradingview.website/u/WallSt007/#published-charts
S&P500 Channel Up buy opportunity.The S&P500 index (SPX) has been trading within a Channel Up and is now on a count (5) pull-back, breaking below its 4H MA50 (blue trend-line). As long as the 4H MA100 (green trend-line) holds, we expect the index to resume the uptrend, similar to the previous Bullish Leg of the Channel Up.
That Leg almost reached the 1.5 Fibonacci extension and made a Higher High. Our Target is marginally below the new 1.5 Fib ext at 6130.
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SPX500 Under Pressure Amid Renewed Israel-Iran TensionsSPX500 Overview
Israel-Iran Truce Hopes Collapse
Investor hopes for a swift de-escalation between Israel and Iran were quickly shattered as both sides resumed hostilities. The situation intensified further after U.S. President Donald Trump urged Iranian civilians to evacuate Tehran and abruptly ended his participation at the G7 summit, reportedly convening the U.S. National Security Council.
These developments have fueled broad risk-off sentiment across markets.
Technical Outlook:
SPX500 remains under bearish pressure as long as the price trades below 6010. A continued drop toward the key support at 5966 is likely, with a break below this level potentially opening the path to 5938 and 5902.
However, if the price stabilizes above 5966 without breaking it, we may see a rebound attempt toward 6010 and 6041.
Any signs of negotiation or de-escalation in the conflict could trigger a strong bullish reversal.
Support: 5966, 5938, 5902
Resistance: 6041, 6098, 6143
06/16/25 Trade Journal, and ES_F Stock Market analysisEOD accountability report: +450
Sleep: 7 hours
Overall health: Good
What was my initial plan? I knew today was contract rollovers and decided not to trade it, but after noticing that the x1 signals were working pretty good today, i decided to take some plays at the soft support and resistances.
**Daily Trade recap based on VX Algo System from (9:30am to 2pm)**
Lot of X7 buy signals (usual signal that market is bullish)
— 10:40 AM VXAlgo ES X1 Sell Signal (triple signal)
— 11:56 AM VXAlgo ES X3 Sell Signal
— 12:30 PM Market Structure flipped bearish on VX Algo X3!
— 1:20 PM VXAlgo ES X1 Buy signal
Next day plan--> Above 6010 = Bullish, Under 5965= Bearish
Video Recaps -->https://www.tradingview.website/u/WallSt007/#published-charts
S&P500 INTRADAY support retest The Israel-Iran conflict has now entered its fourth day, with no signs of de-escalation. Iran launched more missile attacks, while Israel struck back, targeting a major gas field and a key military figure. Notably, Israeli strikes damaged Iran’s uranium facility in Isfahan, and an Iranian missile caused minor damage near the U.S. consulate in Tel Aviv.
While these developments added geopolitical stress, markets showed some resilience:
Oil prices pulled back after initial gains but remain volatile as the risk of supply disruption in the Middle East — a region supplying ~1/3 of global crude — persists.
S&P 500 futures edged higher, indicating investors are not fully in risk-off mode, but remain cautious.
On the political front, Donald Trump reportedly blocked an Israeli plan to assassinate Iran’s Supreme Leader. He mentioned the possibility of a future agreement between the two sides but said more conflict may come first. Trump is attending the G7 summit in Canada today, where leaders will discuss how to manage the Middle East crisis and navigate diplomacy with Trump.
For S&P 500 traders:
Monitor oil prices — a sharp spike on new escalation could weigh on risk sentiment.
Headlines from the G7 and any sign of U.S. involvement or de-escalation efforts could shift markets.
Geopolitical risk remains elevated, but the market is currently pricing in a contained conflict.
Key Support and Resistance Levels
Resistance Level 1: 6,058
Resistance Level 2: 6,138
Resistance Level 3: 6,200
Support Level 1: 5,953
Support Level 2: 5,913
Support Level 3: 5,845
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.
SPX: geopolitics shaping sentiment Although the previous week on US equity markets started with a positive sentiment, still the newly emerged tensions in the Middle East turned the sentiment to the negative side. The S&P 500 was looking for higher grounds, after recently reaching the 6K level again, however, turning 1,13% to the negative territory on Friday, after the news regarding the Middle East tensions. The index is back below the 6K, closing the week at 5.976. While investors were digesting the risks from the Middle East tensions, tech companies were the ones that were mostly driving the index to the down side. NVDA dropped by 2,09%, AAPL was down by 1,38%. On the opposite side was TSLA, with a Fridays gain of 1,94%.
On the other hand, the macro fundamentals were relatively positive for the US economy. The inflation is clearly calming down, with the US inflation in May at 0,1%, which was better from market estimate. Also the University of Michigan Consumer sentiment preliminary for June showed decreased inflation expectation by US consumers, at 5,1% for this year, from 6,6% posted previously.
The most important event during the week ahead would be the FOMC meeting, scheduled for Wednesday, June 18th. The Fed will also discuss the economic projections. This would be a day to watch on financial markets as it can bring some higher volatility.