📢 S&P 500 (US500) at a Key Decision Point
The index has been consolidating around 6000–6100 and is now testing critical breakout resistance near 6100–6110.
🔹 Weekly Outlook
The rising channel structure remains intact, with higher highs & higher lows.
Major supports: 5000, 5200, 5400 (weekly OBs).
Momentum still bullish: SMA alignment (10 < 50 < 100 < 200) shows strength.
🔹 Daily Technicals
SPX broke out of its previous smaller channel and is now in a consolidation phase.
6000 is now a strong pivot zone, while 6110 is the key breakout level to watch.
RSI is above 57 (bullish but not overextended).
🔹 Macro Insights
GDP growth at 2.3% – Strong consumer spending but slowing industrial growth.
Fed rates at 4.25-4.50% – Real rates are positive, supporting large caps.
Hedge funds are net short SPX futures (~-75k contracts) – Short-covering potential.
Forward P/E at 21-22x – Valuation is elevated, meaning earnings need to continue outperforming.
💡 Trade Scenarios:
✅ Bullish Breakout: Long if price closes above 6110, targeting 6200–6350.
✅ Pullback Buy: Long at 5930-5886 (bullish OB) with stops at 5850.
✅ Bearish Breakdown: Short if price loses 5900, targeting 5750-5600.
📊 What do you think? Will SPX break out or reject at 6100? Drop your thoughts in the comments! 🚀
🔗 Join our free trading community for live insights & real-time trade setups!
#SPX500 #US500 #StockMarket #TradingView #MacroAnalysis #TechnicalAnalysis
The index has been consolidating around 6000–6100 and is now testing critical breakout resistance near 6100–6110.
🔹 Weekly Outlook
The rising channel structure remains intact, with higher highs & higher lows.
Major supports: 5000, 5200, 5400 (weekly OBs).
Momentum still bullish: SMA alignment (10 < 50 < 100 < 200) shows strength.
🔹 Daily Technicals
SPX broke out of its previous smaller channel and is now in a consolidation phase.
6000 is now a strong pivot zone, while 6110 is the key breakout level to watch.
RSI is above 57 (bullish but not overextended).
🔹 Macro Insights
GDP growth at 2.3% – Strong consumer spending but slowing industrial growth.
Fed rates at 4.25-4.50% – Real rates are positive, supporting large caps.
Hedge funds are net short SPX futures (~-75k contracts) – Short-covering potential.
Forward P/E at 21-22x – Valuation is elevated, meaning earnings need to continue outperforming.
💡 Trade Scenarios:
✅ Bullish Breakout: Long if price closes above 6110, targeting 6200–6350.
✅ Pullback Buy: Long at 5930-5886 (bullish OB) with stops at 5850.
✅ Bearish Breakdown: Short if price loses 5900, targeting 5750-5600.
📊 What do you think? Will SPX break out or reject at 6100? Drop your thoughts in the comments! 🚀
🔗 Join our free trading community for live insights & real-time trade setups!
#SPX500 #US500 #StockMarket #TradingView #MacroAnalysis #TechnicalAnalysis
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.