🔍 15-Min Chart Analysis – April 30, 2025
The S&P 500 (SPX500) is currently facing resistance near the 5,560.65 zone, a confluence of a key Fibonacci level (0.382 retracement) and a rising wedge upper boundary. Price has shown signs of rejection after a recovery from the ORB low of 5,505.88, and is struggling to break above 5,557–5,560, which aligns with a prior supply zone.
🔧 Technical Breakdown:
Bearish Rising Wedge Formation: Price is respecting the wedge trendlines, suggesting a potential breakdown.
Fibonacci Confluence Zones:
Resistance: 0.382 at 5,557.18
Support: 1.382 extension aligns with 5,508.75, which is just above the ORB low and a possible target.
Short Bias Trigger: A clean break below the wedge support (~5,545) could accelerate downside.
Target Zones:
🎯 First target: 5,524.39 (ORB low)
🎯 Second target: 5,508–5,505 area (Fibo 1.382 + ORB range support)
🔮 Probability Outlook:
Bearish bias: 65%
Bullish breakout: 25%
Sideways consolidation: 10%
🧠 Macro Context:
With U.S. GDP and FOMC decisions imminent, volatility is expected to spike. A break below wedge support could trigger a retracement toward key support zones. Be cautious of false breakouts as macro catalysts come into play.
📌 Watch the 5,545 level closely. Rejection + volume drop = high-probability short setup.
The S&P 500 (SPX500) is currently facing resistance near the 5,560.65 zone, a confluence of a key Fibonacci level (0.382 retracement) and a rising wedge upper boundary. Price has shown signs of rejection after a recovery from the ORB low of 5,505.88, and is struggling to break above 5,557–5,560, which aligns with a prior supply zone.
🔧 Technical Breakdown:
Bearish Rising Wedge Formation: Price is respecting the wedge trendlines, suggesting a potential breakdown.
Fibonacci Confluence Zones:
Resistance: 0.382 at 5,557.18
Support: 1.382 extension aligns with 5,508.75, which is just above the ORB low and a possible target.
Short Bias Trigger: A clean break below the wedge support (~5,545) could accelerate downside.
Target Zones:
🎯 First target: 5,524.39 (ORB low)
🎯 Second target: 5,508–5,505 area (Fibo 1.382 + ORB range support)
🔮 Probability Outlook:
Bearish bias: 65%
Bullish breakout: 25%
Sideways consolidation: 10%
🧠 Macro Context:
With U.S. GDP and FOMC decisions imminent, volatility is expected to spike. A break below wedge support could trigger a retracement toward key support zones. Be cautious of false breakouts as macro catalysts come into play.
📌 Watch the 5,545 level closely. Rejection + volume drop = high-probability short setup.
Nota
Dagangan ditutup: sasaran tercapai
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.
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.