SPX

SPX----- Structure Detected Price is in a rising parallel channel with multiple touches on both upper and lower trendlines — a sustained bullish structure since the left side of the chart. Recently, price pulled back to the lower channel boundary and is now bouncing upward. There’s a horizontal resistance around 2.3433 and a major support base near 1.08. Volume profile (VRVP) shows high-volume node around the current price (1.93), meaning this area has been heavily traded — often a pivot zone. The recent candles show consecutive green Heikin Ashi candles, indicating current bullish momentum after the correction. Market Bias Short-term: Bullish (rebound from lower channel, green candles, reclaim attempt of mid-channel). Medium-term: Still bullish while inside the ascending channel, but caution near the 2.34 resistance as it’s been a rejection zone before. Bullish Targets 2.00 – 2.05 → reclaim and hold to confirm momentum. 2.34 (major resistance and top of volume profile) — key breakout point. If 2.34 breaks with conviction, upside targets move toward ~2.80 – 3.00 (upper channel). Bearish Levels / Invalidation First warning if price closes back below ~1.75 (loses mid-channel support). Strong breakdown confirmation if 1.50 fails (mid-volume node). Full structure breakdown below 1.0834 — would invalidate the bullish channel. 🕰️ Timeframe-Based Targets Daily Swing Targets: Upside: 2.00 → 2.34 → 2.80 Downside: 1.75 → 1.50 → 1.083 Summary: SPXUSDT is still in a broader uptrend channel and is currently bouncing from the lower boundary. The immediate battle is reclaiming the 1.93–2.00 zone to set up a run toward 2.34. A rejection there could send price back toward 1.75–1.50, but until the lower channel breaks, the structure remains bullish.

I've identified a potential bullish Wolfe Wave pattern forming on the 4-hour chart of SPX6900/USDT. Wolfe Waves are 5-wave patterns that can signal potential reversals. This particular formation suggests a possible bullish reversal after a recent pullback. Wave Structure: Wave X-A: Initial impulsive move up. Wave A-B: Corrective move down (1.618 Fib extension of X-A). Wave B-C: Impulsive move up (0.618 Fib retracement of A-B). Wave C-D: Corrective move down (1.272 Fib extension of A-B). Wave D-E (Potential): Projected impulsive move up, completing the Wolfe Wave. Indicators Used: Wolfe Wave: Primary pattern identification. Fibonacci Extensions: Used to identify potential entry and target levels. SMA (120): Used to identify the overall trend. SAR (0.02, 0.2): Used to identify potential trend reversals. Disclaimer: This is not financial advice. This analysis is for educational purposes only. Trading involves risk, and you could lose money. Always do your own research and consult with a qualified financial advisor before making any trading decisions.

US-SPX-500 - Current non-trend market What's next: - Applied Resistance & Support level - In case a up-trend happens, Entry level set on 4019 and profit levels are set - In case a down-trend happens, Entry level set on 3805 and profit levels are set

The SP500 is in a bullish falling wedge and is at the support. I think we could bounce here

I think there wont be much more downside. I rally is around the corner!