Technical Analysis

S&P500 (SPX) Price Analysis – June 14, 2024

By LonghornFX Technical Analysis
Jun 14, 2024
Spx

Daily Price Outlook

During the European trading session, the S&P 500 index has prolonged its fourth consecutive upward trend and still showing a bullish sentiment in the market.

It is currently trading around 5,433 level, hitting the intra-day high of 5,441 level. Investors have been buoyed by several factors contributing to this upward trajectory. Firstly, there has been upbeat economic data indicating easing inflation pressures.

Additionally, the Federal Reserve has adopted a supportive stance towards the market. Despite keeping interest rates unchanged, the Fed indicated progress in tackling inflation concerns and reduced its forecast for rate hikes in 2024 from three to one.

This shift towards a more accommodative approach has reassured investors that the central bank intends to sustain a supportive monetary policy, which is favorable for the growth of the equity market.

Furthermore, the corporate earnings have generally been robust, with many companies surpassing earnings expectations. This fundamental strength in corporate America has bolstered confidence among investors, driving stock prices higher.

Fed's Policy Shift and Economic Data and its Impact on S&P 500

On the US front, the Federal Reserve's policy decisions and economic data releases have had a strong impact on the S&P 500 index in recent days. However, the Fed's acknowledgment of easing inflationary pressures and its tempered rate hike expectations have provided a significant boost to market sentiment.

Investors interpret the Fed's cautious approach as a signal that the central bank will not prematurely tighten monetary policy, which would have otherwise weighed on stock prices.

Moreover, softer-than-expected inflation data, such as the producer price index (PPI) and consumer price index (CPI) reports for May, have reinforced the Fed's stance and contributed to the market's bullish outlook. These reports suggest that inflation may be transitory rather than persistent, alleviating one of the primary concerns for investors.

Geopolitical Tensions in the Middle East and Renewed Political Uncertainty in Europe and its Impact on S&P 500 Index

Despite the bullish momentum, geopolitical tensions in the Middle East and political uncertainties in Europe pose potential risks to the S&P 500 index. The ongoing conflict in Ukraine and tensions in the Middle East have the potential to disrupt global markets and affect investor sentiment negatively.

Any escalation in these regions could lead to volatility in oil prices, impacting energy stocks and broader market indices.

Moreover, renewed political uncertainties in Europe, such as the snap election call in France, add more risk into the market. Political instability can create uncertainty among investors, affecting their risk appetite and potentially leading to market fluctuations.

S&P 500 Price Chart - Source: Tradingview
S&P 500 Price Chart - Source: Tradingview

S&P500 (SPX) - Technical Analysis

The S&P 500 is showing signs of a potential pullback after reaching record highs. While the index is currently trading above its pivot point at $5,446.46, the technical indicators suggest caution is warranted.

The Relative Strength Index (RSI) reading of 69 indicates an overbought condition, which could precede a correction. Additionally, the 50-day Exponential Moving Average (EMA) is providing support at $5,303.01, well below the current price.

Traders should be mindful of key resistance levels at $5,478.89, $5,510.93, and $5,550.84. A break above these levels could fuel further upside momentum, but a rejection at these levels could trigger a deeper pullback.

On the downside, immediate support rests at $5,402.31, followed by $5,349.10 and $5,299.23. A breach of these levels could accelerate selling pressure.

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SPX

Daily Trade Ideas

S&P500 (SPX) Price Analysis and Trade Forecast: Daily Trading Signal

By LonghornFX Technical Analysis
Jun 14, 2024
Spx

Daily Price Outlook

- S&P 500 shows signs of a potential pullback, RSI indicates overbought conditions.

- Key resistance levels: $5,478.89, $5,510.93, $5,550.84.

- Support levels to watch: $5,402.31, $5,349.10, $5,299.23.

The S&P 500 is showing signs of a potential pullback after reaching record highs. While the index is currently trading above its pivot point at $5,446.46, the technical indicators suggest caution is warranted.

The Relative Strength Index (RSI) reading of 69 indicates an overbought condition, which could precede a correction. Additionally, the 50-day Exponential Moving Average (EMA) is providing support at $5,303.01, well below the current price.

Traders should be mindful of key resistance levels at $5,478.89, $5,510.93, and $5,550.84. A break above these levels could fuel further upside momentum, but a rejection at these levels could trigger a deeper pullback.

On the downside, immediate support rests at $5,402.31, followed by $5,349.10 and $5,299.23. A breach of these levels could accelerate selling pressure.

S&P 500 Price Chart - Source: Tradingview
S&P 500 Price Chart - Source: Tradingview

S&P 500 - Trade Ideas

Entry Price – Sell Limit 5445

Take Profit – 5388

Stop Loss – 5475

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$570/ -$300

Profit & Loss Per Mini Lot = +$57/ -$30

SPX

Daily Trade Ideas

S&P500 (SPX) Price Analysis and Trade Forecast: Daily Trading Signal

By LonghornFX Technical Analysis
Jun 7, 2024
Spx

Daily Price Outlook

- SPX trades at $5352.95, down slightly by 0.02%, with a pivot point at $5392.00.

- Immediate resistance levels are $5430.80, $5473.04, and higher, with support at $5335.97, $5290.28, and $5247.18.

- RSI at 64.00 and 50-Day EMA at $5255.08 indicate a bullish trend, key for today's trading strategy.

The SPX is currently trading at $5352.95, reflecting a minor decrease of 0.02%. Today's pivot point is positioned at $5392.00, a critical marker for determining market direction. Immediate resistance levels are set at $5430.80, $5473.04, and further up at $5516.00. On the support side, immediate levels are noted at $5335.97, followed by $5290.28 and $5247.18.

The Relative Strength Index (RSI) is at 64.00, indicating a moderately strong buying interest without yet reaching overbought conditions. The 50-Day Exponential Moving Average (EMA) is currently at $5255.08, offering a supportive base that aligns with the prevailing market trend, suggesting a continuation of the bullish outlook.

Given the current technical setup and key price levels, the outlook for the SPX remains bullish above the pivot point of $5392.00. Traders might consider entering a buy position above $5336, targeting a take profit level of $5390 with a stop loss set at $5290. This strategy provides a balanced approach to risk management, aligning with the broader market sentiment.

S&P 500 Price Chart - Source: Tradingview
S&P 500 Price Chart - Source: Tradingview

S&P 500 - Trade Ideas

Entry Price – Buy Above 5336

Take Profit – 5390

Stop Loss – 5290

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$5400/ -$4600

Profit & Loss Per Mini Lot = +$540/ -$460

SPX

Technical Analysis

S&P500 (SPX) Price Analysis – June 7, 2024

By LonghornFX Technical Analysis
Jun 7, 2024
Spx

Daily Price Outlook

The S&P 500 index continued its downward trend, hovering around the 5,352 level and hitting an intraday low of 5,335. However, the reason for this decline can be attributed to the release of downbeat economic data from the United States. Reports, such as the recent increase in Americans applying for unemployment insurance benefits, showing concerns about the health of the US labor market. This, along with softer macroeconomic indicators, has fueled speculation about the Federal Reserve's monetary policy stance, particularly regarding potential interest rate cuts.

Furthermore, the long-lasting geopolitical tensions have put further bearish pressure on the the S&P 500. It is worth noting that the recent tragic attack by Israel on a UN-operated school in Gaza has intensified global tensions and injected uncertainty into financial markets.

Weak US Dollar and Fed Rate Cut Expectations

On the US front, the bearish US dollar, coupled with growing expectations of a Federal Reserve rate cut, has exerted additional pressure on the S&P 500 index. The US dollar dropped due to disappointing economic data, hinting at potential interest rate cuts by the Federal Reserve. However, the Department of Labor reported more people filing for unemployment benefits, suggesting a slower job market.

This, along with other employment data, fueled expectations for a Fed rate cut in September, pushing bond yields down further. Looking ahead, the upcoming Nonfarm Payrolls report is expected to show modest job gains, but the unemployment rate should stay steady.

On the data front, the US Department of Labor (DoL) recently reported an unexpected increase in the number of Americans filing for unemployment benefits, with claims rising to 229,000 for the week ending June 1. This data, along with the ADP's report on private-sector employment, suggests a slowing US labor market. These indicators have reinforced expectations for a Federal Reserve rate cut in September and have contributed to a decline in S&P 500 index.

Impact of Israel's Recent Attack on Gaza

On the other hand, the long-lasting tension in Gaza, including Israel's recent attack on a UN school, has shaken up financial markets, specifically the S&P 500 index. Investors, worried about the growing tension and humanitarian issues, are shifting their money away from risky stocks to safer options. This uncertainty in the Middle East is making markets more unpredictable, making investors nervous and leading to more selling of S&P 500 stocks. As per the latest report from Gaza Health Ministry reports, at least 68 Palestinians killed and 235 wounded in the past 24 hours.

S&P 500 Price Chart - Source: Tradingview
S&P 500 Price Chart - Source: Tradingview

S&P500 (SPX) - Technical Analysis

The SPX is currently trading at $5352.95, reflecting a minor decrease of 0.02%. Today's pivot point is positioned at $5392.00, a critical marker for determining market direction. Immediate resistance levels are set at $5430.80, $5473.04, and further up at $5516.00. On the support side, immediate levels are noted at $5335.97, followed by $5290.28 and $5247.18.

The Relative Strength Index (RSI) is at 64.00, indicating a moderately strong buying interest without yet reaching overbought conditions. The 50-Day Exponential Moving Average (EMA) is currently at $5255.08, offering a supportive base that aligns with the prevailing market trend, suggesting a continuation of the bullish outlook.

Given the current technical setup and key price levels, the outlook for the SPX remains bullish above the pivot point of $5392.00. Traders might consider entering a buy position above $5336, targeting a take profit level of $5390 with a stop loss set at $5290. This strategy provides a balanced approach to risk management, aligning with the broader market sentiment.

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SPX

Technical Analysis

S&P 500 Price Analysis – May 31, 2024

By LonghornFX Technical Analysis
May 31, 2024
Spx

Daily Price Outlook

During the European trading session, the S&P 500 index has been on the bearish track and remain under pressure around 5,235.48 level, hitting the intra-day low of 5,222.10 level. However, the bearish sentiment can be attributed to a combination of factors including weak economic data, dollar weakness, and geopolitical tensions. This downturn marks the largest two-week decline for the index since September 2022.

US Dollar Weakness and Economic Uncertainty Add Pressure

On the US front, the weakening of the US dollar and looming economic uncertainties have further exacerbated the downward pressure on the S&P 500 index. Despite initial optimism surrounding US economic recovery, the second estimate of first-quarter GDP growth revealed a downward revision, signaling slower-than-expected economic expansion. This slower growth trajectory, particularly driven by lower consumer spending, has raised concerns about the sustainability of the economic recovery and has dampened investor confidence.

On the data front, the second estimate of US GDP showed that the economy grew at an annualized rate of 1.3% in Q1. This was a drop from the previous reading of 1.6% but in line with market expectations. In the meantime, US weekly Initial Jobless Claims for the week ending May 25 increased slightly to 219K from 216K, which was slightly above the market consensus of 218K.

Moreover, market participants are closely monitoring inflationary pressures, with attention shifting to the personal consumption expenditures price index, the Federal Reserve’s preferred inflation gauge. The possibility of the Fed adjusting interest rates in response to inflation dynamics adds further uncertainty to the market outlook. The probabilities of interest rate cuts before September are currently hanging in the balance, reflecting market uncertainty regarding the Fed’s future policy actions.

Therefore, the weakening dollar, slower GDP growth, and uncertainty over Fed rate adjustments have intensified downward pressure on the S&P 500, dampening investor confidence.

Geopolitical Tensions Drive Volatility

On the geopolitical front, the long-lasting tension, particularly in the Middle East, have also contributed to heightened volatility in the S&P 500 index. Recent conflicts involving Israel and Gaza have raised concerns among investors, prompting a flight to safe-haven assets. However, the assertion of control over Gaza’s land border with Egypt by Israel has further escalated tensions in the region, potentially destabilizing geopolitical dynamics.

Therefore, the ongoing violence in Rafah, with reports of casualties and displacement, underscores the humanitarian crisis and adds to market jitters. UN experts are urging decisive international action, including sanctions and an arms embargo against Israel, highlighting the potential for further escalation and its implications for global stability.

SPX Price Chart - Source: Tradingview
SPX Price Chart - Source: Tradingview

S&P500 (SPX) - Technical Analysis

The S&P 500 is currently priced at $5235.47, down 0.06%, reflecting a minor decline in market sentiment. The pivot point for today’s session is at $5257.78.

Immediate resistance levels are identified at $5322.57, $5370.18, and $5419.82. On the downside, immediate support is found at $5200.92, followed by $5149.35 and $5103.06.

The 50-day Exponential Moving Average (EMA) is currently at $5208.72, indicating a potential support level close to the current price. The Relative Strength Index (RSI) stands at 41, suggesting that the market is in a bearish to neutral territory.

These indicators imply that the S&P 500 might face further selling pressure unless there is a shift in market dynamics.

For traders looking to navigate the current market conditions, an entry price is recommended below $5260, with a take profit target set at $5170.

A stop loss should be placed at $5324 to manage risk effectively. In conclusion, the S&P 500 is experiencing slight downward pressure, with technical indicators suggesting a cautious outlook.

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SPX

Daily Trade Ideas

S&P500 (SPX) Price Analysis and Trade Forecast: Daily Trading Signal

By LonghornFX Technical Analysis
May 31, 2024
Spx

Daily Price Outlook

- S&P 500 at $5235.47, down 0.06%, facing resistance at $5322.57 and support at $5200.92.

- RSI at 41, 50 EMA at $5208.72; bearish to neutral sentiment prevails.

- Recommended sell below $5260, with take profit at $5170 and stop loss at $5324.

The S&P 500 is currently priced at $5235.47, down 0.06%, reflecting a minor decline in market sentiment. The pivot point for today’s session is at $5257.78.

Immediate resistance levels are identified at $5322.57, $5370.18, and $5419.82. On the downside, immediate support is found at $5200.92, followed by $5149.35 and $5103.06.

The 50-day Exponential Moving Average (EMA) is currently at $5208.72, indicating a potential support level close to the current price. The Relative Strength Index (RSI) stands at 41, suggesting that the market is in a bearish to neutral territory.

These indicators imply that the S&P 500 might face further selling pressure unless there is a shift in market dynamics.

For traders looking to navigate the current market conditions, an entry price is recommended below $5260, with a take profit target set at $5170.

A stop loss should be placed at $5324 to manage risk effectively. In conclusion, the S&P 500 is experiencing slight downward pressure, with technical indicators suggesting a cautious outlook.

SPX Price Chart - Source: Tradingview
SPX Price Chart - Source: Tradingview

S&P500 (SPX) - Trade Ideas

Entry Price – Sell Below 5260

Take Profit – 5170

Stop Loss – 5324

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$900/ -$640

Profit & Loss Per Mini Lot = +$90/ -$64

SPX

Technical Analysis

S&P500 (SPX) Price Analysis – May 24, 2024

By LonghornFX Technical Analysis
May 24, 2024
Spx

Daily Price Outlook

The S&P 500 index continued its bearish rally, remaining under pressure around the 5,267 level and hitting an intra-day low of 5,256. This downward trend was primarily driven by concerns over Federal Reserve actions on interest rates, escalating geopolitical tensions, and uncertainties surrounding US economic data.

These factors influenced investor sentiment and contributed to the bearish performance of the S&P 500 index.

Geopolitical Tensions Escalate, Adding Pressure to S&P 500

On the geopolitical front, escalating tensions in both the Middle East and the Asia-Pacific region intensified the bearish pressure on the S&P 500 index. Heightened conflict in the Middle East, notably the ongoing Israel-Palestine conflict, raised concerns about global stability.

Additionally, tensions between China and Taiwan escalated, with reports of Chinese fighter jets conducting simulated strikes in the Taiwan Strait and surrounding areas. These geopolitical uncertainties rattled investor confidence, adding downward pressure on the S&P 500 index.

Strong US Economic Data and Potential Interest Rate Changes Influence S&P 500

Despite the bearish sentiment and geopolitical tensions, strong US economic data provided some support to the S&P 500 index. The upbeat figures, including a drop in initial jobless claims and an increase in both manufacturing and services PMI, highlighted the resilience of the US economy.

However, these positive indicators also fueled concerns about potential interest rate hikes by the Federal Reserve to curb inflationary pressures.

Market expectations shifted towards the prospect of the Fed maintaining rates, indicating uncertainty regarding the future trajectory of monetary policy. This uncertainty led to increased fluctuations in the S&P 500 index and ultimately contributed to its overall decline.

SPX Price Chart - Source: Tradingview
SPX Price Chart - Source: Tradingview

S&P500 (SPX) - Technical Analysis

The S&P 500 is currently priced at $5267.85, down 0.74%. The market's technical outlook presents a cautious picture as the price is trading below the pivot point of $5297.60. Immediate resistance is noted at $5342.04, with further resistance levels at $5380.93 and $5419.82.

On the support side, the immediate level is at $5246.67, followed by $5212.41 and $5180.58.

The Relative Strength Index (RSI) is at 54, indicating a neutral momentum, neither overbought nor oversold. This neutral RSI suggests that the market could move in either direction depending on upcoming market catalysts.

The 50-day Exponential Moving Average (EMA) is positioned at $5168.56, which provides a significant support level that traders will be closely monitoring.

Given the current technical indicators, a strategic approach would be to sell below $5287, aiming for a take-profit level of $5215 while setting a stop-loss at $5350. This approach capitalizes on the potential for further downside while managing risk appropriately.

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SPX

Daily Trade Ideas

S&P500 (SPX) Price Analysis and Trade Forecast: Daily Trading Signal

By LonghornFX Technical Analysis
May 24, 2024
Spx

Daily Price Outlook

- S&P 500 is trading at $5267.85, down 0.74%, below the pivot point of $5297.60.

- Immediate resistance at $5342.04; support levels at $5246.67, $5212.41, and $5180.58.

- RSI at 54 indicates neutral momentum; 50-day EMA provides support at $5168.56.

The S&P 500 is currently priced at $5267.85, down 0.74%. The market's technical outlook presents a cautious picture as the price is trading below the pivot point of $5297.60.

Immediate resistance is noted at $5342.04, with further resistance levels at $5380.93 and $5419.82. On the support side, the immediate level is at $5246.67, followed by $5212.41 and $5180.58.

The Relative Strength Index (RSI) is at 54, indicating a neutral momentum, neither overbought nor oversold. This neutral RSI suggests that the market could move in either direction depending on upcoming market catalysts.

The 50-day Exponential Moving Average (EMA) is positioned at $5168.56, which provides a significant support level that traders will be closely monitoring.

Given the current technical indicators, a strategic approach would be to sell below $5287, aiming for a take-profit level of $5215 while setting a stop-loss at $5350. This approach capitalizes on the potential for further downside while managing risk appropriately.

SPX Price Chart - Source: Tradingview
SPX Price Chart - Source: Tradingview

S&P500 (SPX) - Trade Ideas

Entry Price – Sell Below 5287

Take Profit – 5215

Stop Loss – 5350

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$720/ -$630

Profit & Loss Per Mini Lot = +$72/ -$63

SPX

Technical Analysis

S&P500 (SPX) Price Analysis – May 17, 2024

By LonghornFX Technical Analysis
May 17, 2024
Spx

Daily Price Outlook

During the European trading session, the S&P 500 index continued its bearish trend, experiencing a decline of 0.21%, falling by 11.05 points to reach a value of 5,297.10. The downward trend can be attributed to a combination of factors, including disappointing corporate performances from key companies like Deere & Co. and Martin Marietta Materials.

Furthermore, the cautious stance adopted by Fed officials overshadowed the anticipation of potential rate cuts, putting pressure on the S&P 500 index.

Impact of US Inflation Data on S&P 500 and Fed Policy Expectations

On the other side, the release of softer-than-expected US inflation data in April sparked anticipation of potential rate cuts by the US Federal Reserve, providing some support to the S&P 500. However, the subdued inflation figures were seen by market participants as a signal that the Fed might ease its monetary policy to stimulate economic growth.

This anticipation of reduced borrowing costs bolstered investor confidence and aided in limiting the S&P 500's losses.

Investors are closely monitoring statements from Fed officials, such as Atlanta Fed President Raphael Bostic and Cleveland Fed President Loretta Mester, who have commented on the recent inflation trends.

Despite signs of cooling inflation, policymakers remain cautious and prefer to examine additional data before making policy adjustments.

Therefore, the prospect of rate cuts, coupled with the Fed's cautious approach, has helped the market and limit its deeper losses.

Fed's Cautious Stance Fades S&P 500's Optimism

In contrast to this, the dovish stance adopted by Fed officials on Thursday, highlighting the need to keep borrowing costs high for longer, introduced uncertainty into the market sentiment.

Richmond Fed President Tom Barkin highlighted the importance of maintaining higher interest rates to ensure inflation remains on target, particularly noting price pressures in the services sector.

Investors are currently unsure about the future direction of the S&P 500 due to conflicting signals from Federal Reserve officials. Initially, there was optimism in the market as investors anticipated potential rate cuts by the Fed.

However, the cautious comments from Fed officials have dampened some of this optimism, leading investors to adopt a more cautious approach. As a result, investors are closely watching for upcoming economic data and Fed communications to gain clarity on the future trend of the S&P 500.

SPX Price Chart - Source: Tradingview
SPX Price Chart - Source: Tradingview

S&P500 (SPX) - Technical Analysis

The SPX is currently trading at $5,297.09, reflecting a 0.21% decline for the day. The 4-hour chart highlights a pivot point at $5,324.98, serving as a critical juncture for future price movements. Immediate resistance is found at $5,350.61, followed by $5,383.93 and $5,419.62.

On the downside, immediate support is at $5,263.46, with further support levels at $5,220.73 and $5,180.58. These support levels are vital for maintaining the current trend, as a break below these points could signal a shift towards a bearish outlook.

The 50-day Exponential Moving Average (EMA) at $5,119.01 provides additional support, indicating a longer-term bullish trend despite the current pullback.

The Relative Strength Index (RSI) is currently at 74, suggesting that the SPX is in overbought territory. An RSI above 70 typically indicates that the asset is overbought and could be due for a corrective pullback.

The recent price movement in the SPX shows a potential correction phase, with the index retreating from the highs near the immediate resistance levels. The ability of the SPX to stay above the pivot point of $5,324.98 is crucial for maintaining a bullish outlook.

In conclusion, the technical outlook for the SPX remains cautiously bearish below the pivot point of $5,324.98. An entry price for selling is recommended below this level, with a take profit target at $5,262 and a stop loss at $5,350.

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SPX

Daily Trade Ideas

S&P500 (SPX) Price Analysis and Trade Forecast: Daily Trading Signal

By LonghornFX Technical Analysis
May 17, 2024
Spx

Daily Price Outlook

- Correction Phase: SPX is in a potential correction phase, retreating from highs near $5,324.98.

- Immediate Resistance: Key resistance levels are $5,350.61 and $5,383.93.

- Support Levels: Immediate support is at $5,263.46, with further support at $5,220.73 and $5,180.58.

The SPX is currently trading at $5,297.09, reflecting a 0.21% decline for the day. The 4-hour chart highlights a pivot point at $5,324.98, serving as a critical juncture for future price movements. Immediate resistance is found at $5,350.61, followed by $5,383.93 and $5,419.62.

On the downside, immediate support is at $5,263.46, with further support levels at $5,220.73 and $5,180.58. These support levels are vital for maintaining the current trend, as a break below these points could signal a shift towards a bearish outlook.

The 50-day Exponential Moving Average (EMA) at $5,119.01 provides additional support, indicating a longer-term bullish trend despite the current pullback.

The Relative Strength Index (RSI) is currently at 74, suggesting that the SPX is in overbought territory. An RSI above 70 typically indicates that the asset is overbought and could be due for a corrective pullback.

The recent price movement in the SPX shows a potential correction phase, with the index retreating from the highs near the immediate resistance levels. The ability of the SPX to stay above the pivot point of $5,324.98 is crucial for maintaining a bullish outlook.

In conclusion, the technical outlook for the SPX remains cautiously bearish below the pivot point of $5,324.98. An entry price for selling is recommended below this level, with a take profit target at $5,262 and a stop loss at $5,350.

SPX Price Chart - Source: Tradingview
SPX Price Chart - Source: Tradingview

S&P500 (SPX) - Trade Ideas

Entry Price – Sell Below 5324.00

Take Profit – 5262

Stop Loss – 5350

Risk to Reward – 1: 2.3

Profit & Loss Per Standard Lot = +$620/ -$260

Profit & Loss Per Mini Lot = +$62/ -$26

SPX