SPX 500, Daily
Telah dikemas kini

Skeptic | SPX Outlook: Bounce or Breakdown?

119
Welcome back, guys! 👋I’m Skeptic, and today we’re diving into a complete analysis of SPX on the 4-hour time frame. We’ll break down the market structure and identify key long and short triggers for potential entries. Let’s get into it!

🔍 Market Overview
Starting with the weekly time frame, it’s clear that the major trend remains uptrend. However, the daily time frame shows that we’ve entered a secondary corrective downtrend. This has been mainly driven by recent trade tariffs between the U.S. and other countries, leading the Federal Reserve to hold off on interest rate cuts, causing a drop in risk assets like stocks and BTC.

On the 4-hour time frame, we’re currently in a range box that recently saw a fake breakout to the downside. The price quickly bounced back into the range, signaling buyer strength and seller exhaustion. This adds a slight long bias, as the probability of hitting targets on long trades might be higher.

💡 Long Setup
Our first long trigger comes after a break of resistance at 5,564.67. To increase the probability, we should wait for momentum confirmation, such as 3 SMA crossover or any momentum indicator of your choice.
The main long trigger would be after a confirmed breakout of the range box at 5,641.22. Be cautious, as this entry might carry some risk, so confirmation is crucial.

🚩 Short Setup
For short positions, I’m looking for a break below support at 5,549.77, signaling a breakdown of the range box. However, considering the previous fake breakout, I’d prefer to wait for the first down leg to complete, followed by a pullback or indecision candle before entering short.

Let me know your thoughts on SPX! 💬 Drop any questions or ideas in the comments, and I’ll be happy to discuss them.
Let’s grow together, not alone! ❤
Dagangan ditutup: sasaran tercapai
As you can see, on the 1H timeframe, our trigger at 5564.67 was activated with a beautiful indecision candle. If you took the trade with a safe stop loss, you're probably sitting on an R/R above 2 by now. The next optimal spot for taking profit is at the top of the box, so consider locking in some gains or closing the position there.

Personally, I couldn't enter the trade as I wasn't at my PC 😆. But if you caught it, make sure to share the sweetness with me 😎.

See you on the next analysis and next trade! syot kilat
Nota
Let me know in the comments if you took any positions based on the triggers I shared this week. Also, I'd really appreciate any feedback on how I can improve these analyses!

Wishing you all a great weekend — hope you have an amazing time! ❤️

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.