SPY (S&P500) - Price Testing Support Trendline - Daily ChartSPY (S&P500 ETF) price has just closed below $600 and is currently under a support trendline.
If price cannot breakout above the $600 and $605 resistance level this month, a pullback could occur down to the support zone.
SPY price could potentially pullback to various levels of support due to:
-USA domestic conflict
-International military conflicts
-Technical chart bearish divergence
-USA federal reserve interest rate news
-Government and corporate news
Support Levels: $595, $590, $585, $580.
Resistance Levels: $600, $605, $610, $615.
The 50EMA/200EMA Golden Cross is still on-going, and support prices of $580 and $568 have yet to be tested significantly.
SPX (S&P 500 Index)
06/13/25 Trade Journal, and ES_F Stock Market analysisEOD accountability report: +3825
Sleep: 5.5 hours (sleep is declining, will spend the weekend catching up)
Overall health: Good
What was my initial plan? I wanted to short 6016-6020 area in the morning but we didn't open up to that, so i just sat on sideline until we hit the 6025 , took a big short there and paid off really well.
Daily Trade recap based on VX Algo System from (9:30am to 2pm)
— 9:30 AM Market Structure flipped bearish on VX Algo X3!
— 10:30 AM Market Structure flipped bearish on VX Algo X3!
— 10:40 AM VXAlgo YM X1 Buy Signal
— 11:30 AM Market Structure flipped bullish on VX Algo X3!
— 12:21 PM VXAlgo ES X1 Sell Signal (double signal)
— 1:12 PM VXAlgo NQ X3 Sell Signal
— 1:30 PM Market Structure flipped bearish on VX Algo X3!
Next day plan--> Above 6010 = Bullish, Under 5965= Bearish
Video Recaps -->https://www.tradingview.website/u/WallSt007/#published-charts
SPX500 | Bearish Below 6010 Amid Rising Geopolitical TensionsSPX500 | OVERVIEW
The index remains under bearish pressure due to escalating geopolitical tensions, particularly the ongoing conflict.
As long as these conditions persist, the market is likely to maintain a downward bias.
Technical Outlook:
As long as the price trades below the 5990–6010 pivot zone, the bearish trend is expected to continue toward 5938.
A confirmed stability below 5938 may lead to further downside toward 5902 and 5858.
A bullish reversal is only likely if hostilities cease or negotiations begin between the conflicting parties.
Pivot Zone: 5990 – 6010
Support Lines: 5938, 5902, 5858
Resistance Lines: 6041, 6098, 6143
previous idea:
06/12/25 Trade Journal, and ES_F Stock Market analysisEOD accountability report: +437.50
Sleep: 6.5 hours
Overall health: Good
What was my initial plan?
market pumped heavily due to ppi data so I decided today was another oe of those days where you wait on the sideline for a better move.
1. until major levels are hit.
2. or a signal occur.
**Daily Trade recap based on VX Algo System from (9:30am to 2pm)**
10:57 AM VXAlgo ES X1 Sell Signal
2:00 PM VXAlgo NQ X3 Sell Signal
Next day plan--> Above 6010 = Bullish, Under 5950= Bearish
Video Recaps -->https://www.tradingview.website/u/WallSt007/#published-charts
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).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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06/11/25 Trade Journal, and ES_F Stock Market analysis
EOD accountability report: +1200
Sleep: 7 hours
Overall health: Good
What was my initial plan?
Did not wanted to trade the market today unless we had multiple signals and confirmations because CPI data had already moved the market so much.
Daily Trade recap based on VX Algo System from (9:30am to 2pm)
— 10:00 AM Market Structure flipped bearish on VX Algo X3!
— 10:00 AM VXAlgo NQ X1 Buy Signal,
— 10:30 AM Market Structure flipped bullish on VX Algo X3!
— 11:08 AM VXAlgo ES X1 Sell Signal (double signal)
— 11:48 AM VXAlgo ES X3 Sell Signal
— 12:00 PM Market Structure flipped bearish on VX Algo X3!
— 12:30 PM VXAlgo ES X1 Buy signal (double signal)
— 1:35 PM Market Structure flipped bullish on VX Algo X3!
Next day plan--> Above 6000 = Bullish, Under 5990 = Bearish
Video Recaps -->https://www.tradingview.website/u/WallSt007/#published-charts
GME COLLAPSE - NET SELLOFF - MARKET ANALYSISGameStop (GME) is dropping in after-hours trading following its $1.3 billion convertible senior notes offering, which investors see as potential dilution. Similarly, Cloudflare (NET) is also falling due to concerns over its $1.75 billion convertible debt offering, which could impact shareholder value.
On the flip side, Oracle (ORCL) surged after reporting strong Q4 earnings, with cloud infrastructure revenue expected to grow over 70% in fiscal 2026. This could provide a tailwind for the broader cloud sector.
The market’s pullback today was much needed, with many stocks retesting key breakout zones
S&P500: Targeting 7,000 by the end of the year.S&P500 is bullish on its 1D technical outlook (RSI = 64.729, MACD = 100.990, ADX = 19.772) as it is extending the bullish wave started on the April 7th bottom. The long term formation is a Bullish Megaphone and the previous bullish wave peaked after a +48.33% rise. With the 1W RSI pattern almost identical as then, we remain bullish on SPX, TP = 7,000.
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Regeneron Pharmaceuticals Q2-Q3 Confirmed "Troughing in ProgressIF we do not crash like many Elliottsions are suggesting implying of Grand 5th wave since 1929...
iF we do not start WW3...
IF everything utterly absolute out there in the pharmaceutical industries locally
and globally...
IF our studies of the relation between XLV and Regeneron Pharmaceuticals is
remotely correct...
Then we should have struck a trough or we shall see one in the next few months
Q2-Q4 = We will see a big bullish move next !
*** Risk down is (-35%) ...
06/10/25 Trade Journal, and ES_F Market analysisEOD accountability report: +2575
Sleep: 9 hours
Overall health: Good
What was my initial plan?
I was neutral going into market open, I expected market to pullback a bit if we had lost 6016 but it never truly got lost.
remained neutral and just watched my levels of 6028 and 6045.
**Daily Trade recap based on VX Algo System from (9:30am to 2pm)**
— 9:30 AM Market Structure flipped bearish on VX Algo X3!
— 10:00 AM VXAlgo YM X3 Sell Signal
— 10:58 AM VXAlgo ES X1 Sell Signal
— 11:32 AM VXAlgo ES X3 Sell Signal (triple sell x3) B+ set up
— 12:00 PM Market Structure flipped bearish on VX Algo X3!
1:03 PM VXAlgo ES X1 Sell Signal
— 1:20 PM VXAlgo ES X1 Sell Signal
Next day plan--> Above 6000 = Bullish, Under 5990 = Bearish
Video Recaps -->https://www.tradingview.website/u/WallSt007/#published-charts
Prepare For A Stock Market Crash
S&P 500 E-mini Futures, Daily Chart.
Potential Ending Diagonal.
Nothing serious. Just a Stop-hunt. But Fast & Furious...
......................................................................................................................
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
S&P500 No signs of stopping here. Can hit 6900 before years end.The S&P500 index (SPX) has turned the 1W MA50 (blue trend-line) into Support, successfully testing it and holding and is now going for the All Time High Resistance test. Based on its 1W RSI structure and candle action, it resembles the previous times since 2023 that after a quick consolidation, it broke upwards again aggressively.
As you can see, both of those Bullish Legs that started on the 2023 Higher Lows trend-line, hit at least their 1.618 Fibonacci extension before a new 3-week red pull-back. In the case of 2024, even the 2.0 Fib ext got hit a little later.
As a result, we expect to see at least 6900 (Fib 1.618) before the end of 2025, with the good case scenario (Fib 2.0) going as high as 7500.
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A Potentially Dangerous Pattern Takes ShapeWhile the futures market has yet to break into new all-time high territory, the previously discussed bearish micro setup has now been invalidated. In its place, we’re witnessing a complex, overlapping advance—creeping steadily toward the prior highs in the S&P 500 (ES).
At the micro level, I currently see no compelling bearish setup. However, this grinding upward move—lacking strong conviction from either buyers or sellers—is not necessarily bullish. In fact, it’s a hallmark of a potentially dangerous pattern: a primary degree ending diagonal.
If my interpretation is correct, both the “orange” and “purple” wave counts point to the same ominous conclusion. They suggest that what we're seeing could culminate in a sharp, possibly violent reversal—one that would ultimately retrace back to where this entire primary wave began. For reference, that’s just above 4,000, marked by the conclusion of Primary Wave 4 in October 2022.
This is the moment for caution—not after the damage is done.
Yes, we may push into new all-time highs. But within this fragile and overlapping structure, that outcome is far from guaranteed. Even if we get there, the looming question remains:
At what cost?
SPX500 Holds Steady as Markets Eye US-China Trade Developments SPX500 Overview
U.S. stock futures were little changed on Tuesday as investors awaited key developments from the U.S.-China trade talks underway in London.
Technical Outlook (4H Chart):
The index is experiencing cautious movement amid ongoing tariff tensions and geopolitical uncertainties.
Bullish Scenario:
A sustained 4H close above 6030 could confirm bullish momentum, with upside targets at 6066 and 6098, potentially extending toward a new all-time high (ATH).
Bearish Scenario:
As long as the price remains below 6010, bearish momentum may persist, targeting the support levels at 5966, followed by 5938 and 5902.
Support: 5966 • 5938 • 5902
Resistance: 6066 • 6098
06/09/25 Trade Journal, and Where is the Stock Market going tomoEOD accountability report: +1800
Sleep: 9 hours
Overall health: Good
What was my initial plan?
Bearish going into the market since we had bearish structure, but missed the short at the start of the market. So just waited for gamma levels to hit orr 1 min MOB to be lost before shorting.
Daily Trade recap based on VX Algo System from (9:30am to 2pm)
— 9:30 AM Market Structure flipped bearish on VX Algo X3!
— 10:20 AM VXAlgo YM X1 Buy Signal,
— 11:00 AM Market Structure flipped bullish on VX Algo X3!
— 1:17 PM VXAlgo NQ X1 Sell Signal (triple sell signal by 1:20)
Next day plan--> Above 6000 = Bullish, Under 5990 = Bearish
Video Recaps -->https://www.tradingview.website/u/WallSt007/#published-charts
Are The Markets Running Out Of Steam? SPY just cant seemed to hold above the 600 psychological level.
Are big players unloading into this positive market strength?
Are we due for a larger pullback?
There's a lot of mixed price action and we just cant seem to make a true breakout.
Some names are underperforming and other names are outperforming.
We remain tactically bullish while trimming keys positions into strength.
Being nimble in this market us key as were seeing large intra day swings.
Short term there is some risk of lower price so we have hedged in some individual names while still remaining bullish.
The Trump & Musk Friends Again - Tesla RippingAnalysts attribute the recovery to cooling tensions between Elon Musk and President Donald Trump, which had previously weighed on investor sentiment.
Additionally, Tesla's upcoming robo-taxi launch on June 12 is generating excitement, with some analysts predicting it could be a major revenue driver. However, concerns remain about Tesla's valuation, as it trades at a price-to-earnings ratio of 192, significantly higher than traditional automakers.
SPX 500 to 17,000 in 7 years.This chart represents the S&P 500, showcasing its performance over time, including quarterly data.
It captures everything.
Every recession.
Every war.
Every president.
Every variation of the monetary base as superpowers rise and fall.
Whenever I hear a bear in the stock market declare that THE TOP has been reached, and we are about to CRASH -50% to -90%
I find myself drawn to these comprehensive long term charts.
If the bulls are genuinely in control and we have merely undergone an intermediate-term correction, then the long-term bull market that commenced at the 2009 low remains robust, with many more years ahead.
The chart also illustrates that the three significant bull market phases typically last around 18-20 years following a major breakout.
And they yield a comparable number of X's.
It's all quite fascinating, if you ask me.
See you in the future!
S&P 500 Index (SPX) Weekly TF – 2025
Chart Context:
Tools Used: 3 Fibonacci Tools:
1. One **Fibonacci retracement** (from ATH to bottom)
2. Two **Trend-Based Fibonacci Extensions**
* Key Levels and Zones:
* **Support Zone** (Fib Confluence): \~4,820–5,100
* **Support Area (shallow pullback)**: \~5,500–5,600
* **Resistance & TP Zones:**
* TP1: **6,450** (Fib confluence & -61.8%)
* TP2: **6,840** (-27%)
* TP3: **7,450–7,760** (Major Confluence)
Technical Observations:
* SPX is approaching a **critical resistance** near previous ATH (\~6,128) with projected upward trajectory.
* The **green dashed path** suggests a rally continuation from current \~6,000 levels to TP1 (\~6,450), TP2 (\~6,840), and eventually TP3 (\~7,450–7,760), IF no major macro shock hits.
* The **purple dotted path** suggests a potential retracement first to \~5,600 (shallow correction) or deeper into \~5,120 or even 4,820 zone before continuing the bullish rally.
* The major support zone around **4,820–5,120** includes key Fib retracement levels (38.2% and 61.8%) from both extensions and historical breakout levels.
Fundamental Context:
* US economy shows **resilience** amid soft-landing narrative, though inflation remains sticky.
* The **Federal Reserve** is expected to cut rates in **Q3–Q4 2025**, boosting equity valuations.
* Liquidity expansion and dovish outlook support risk assets, including **equities and crypto**.
* However, **AI-driven tech rally** may be overstretched; a correction could follow earnings disappointments or macro surprises (e.g., jobs or CPI shocks).
Narrative Bias & Scenarios:
**Scenario 1 – Correction Before Rally (Purple Path)**
* If SPX faces macro pushback (e.g., high CPI, hawkish Fed), expect retracement to:
* 5,600 = Fib -23.6% zone
* 5,120–4,820 = Major Fib Confluence Zone
* These would act as **accumulation zones**, setting up next leg up toward TP1 and beyond.
* **Effect on Gold**: May rise temporarily due to risk-off move.
* **Effect on Crypto**: Could stall or correct, especially altcoins.
**Scenario 2 – Straight Rally (Green Path)**
* If Fed confirms cuts and macro remains soft:
* SPX breaks ATH (\~6,128)
* Hits TP1 (\~6,450), TP2 (\~6,840)
* Eventually reaches confluence at **TP3 (7,450–7,760)**
* **Effect on Gold**: May struggle; investor preference for equities.
* **Effect on Crypto**: Strong risk-on appetite, altseason continuation.
Indicators Used:
* 3 Fibonacci levels (retracement + 2 extensions)
* Trendlines (macro and local)
* Confluence mapping
Philosophical/Narrative Layer:
This phase of the market resembles a test of collective confidence. Equity markets nearing ATHs while monetary easing begins reflect a fragile optimism. The Fibonacci levels act as narrative checkpoints — psychological as much as mathematical. Will we rally on faith or fall for rebalancing?
Bias & Strategy Implication:
Bias: Bullish with caution
* Strategy:
* Await **confirmation breakout >6,128** for fresh long entries
* Accumulate on dips in the **5,100–5,500** zone if correction unfolds
* Use **TP1, TP2, TP3** as staged exits
Related Reference Charts:
* BTC.D Analysis – Bearish Bias:
* TOTAL:Bullish Bias
*TOTAL3 – Bullish Bias:
* US10Y Yield – Falling Bias Impact:https://www.tradingview.website/chart/US10Y/45w6qkWl-US10Y-10-Year-Treasury-Yield-Weekly-TF-2025/