SPX500 | Futures Steady Ahead of Big Tech Earnings
SPX500 | Futures Steady After Tech-Led Selloff
U.S. stock futures stabilized after technology shares weighed on major indices in the previous session, as investors digested a fresh wave of earnings. Market focus now shifts to Alphabet’s earnings, followed by Amazon, both of which could drive the next major move in equity markets.
With earnings remaining the key catalyst, price action is currently developing around a tight consolidation zone.
Technical Outlook
The index is consolidating between 6942 and 6918, with bearish pressure still present.
A 1H candle close below 6918 would confirm bearish continuation toward 6877, followed by 6800.
On the upside, a sustained move above 6942 would shift momentum bullish toward 6988, with extended resistance near 7010.
Key Levels
Pivot: 6942
Support: 6918 – 6877 – 6800
Resistance: 6988 – 7010
The dollar reset
Since my last post, gold and silver have had major corrections, which also caused the crypto market to slide. There is speculation that this was triggered by the announcement of the new Fed Chair, Kevin Warsh. This is somewhat counterintuitive, as a more dovish approach to interest rates could cause further devaluation of the dollar and, in general, create a good environment for precious metals.
Despite the correction, I want to bring your attention to this chart.
The white line is a historical level going all the way back to the 1950s. On the SPX/GOLD chart, every time this level is crossed it has led to a recession. However, I am not predicting a recession; I just think this chart could be showing us that a real, long-overdue correction in the S&P 500 is on the horizon. To support this thesis, overlaid on the candles are the S&P 500 and the DXY, while the vertical yellow lines mark our main area of interest. These areas show a continued divergence between a falling valuation of the dollar and a rising S&P index, alongside a simultaneous outperformance of gold.
This suggests that some investors are starting to close their positions and move their money into foreign assets and precious metals. The continuous grind higher of the market is only being led by a few tech giants, as visible in the advance-decline index of the S&P. Historically, this portrays an environment where gold outperforms the S&P and the dollar heads lower, with longer consolidation.
It is also important to consider that history rhymes but does not repeat itself exactly, and today’s key factor is what’s on everyone’s mind: AI. Unfortunately, I don’t think this is something that will necessarily flip the dynamic I’ve discussed, as AI is something the whole world is chasing after, not just t
Wave B Completion at 0.786 Fib? Potential Flat Correction Setup
Technical Analysis:
Structure: Following the initial impulse (Wave A), the market executed a deep correction. By piercing the 0.618 level and rejecting the 0.786, the structure has likely shifted from a simple Zigzag to a Flat Correction.
Reaction: The 0.786 level acted as a strong resistance zone (Deep Crab / Butterfly limit), rejecting the bullish attempt.
Forecast: If this level holds, I anticipate the start of impulsive Wave C to the downside.
Trade Plan:
Confirmation: Waiting for a lower low or a break of local market structure on lower timeframes.
Target: Testing the Wave A low or lower.
Invalidation: A clean break above the swing high (1..
Is this the top of Wave B or just a Friday pause? Let me know your thoughts!
S&P 500: Institutional Demand Zones vs. Macro Headwinds
S&P 500 (SPCFD) Strategic Market Analysis – 4H Timeframe
1. Market Structure & Price Action Overview
The S&P 500 is currently exhibiting a high-level consolidation within a dominant bullish trend. The price action at these peaks suggests a strategic liquidity engineering phase, where the market is balancing before its next directional expansion.
2. Key Liquidity Pools & Demand Zones
The technical map identifies two primary zones of institutional interest:
Sell-Side Liquidity (SSL) Target (6,789.05): This level represents the immediate swing low where retail stop-losses are likely clustered. An institutional "sweep" below this level would likely serve as the catalyst for the next leg up, providing the necessary liquidity to fill large buy orders.
Primary Interest Zone ($6,700 - $6,74: This marked demand block aligns with a "Discount" pricing array. This is the first high-probability area where institutional accumulation is expected to resume.
Extreme Discount/HTF Support ($6,520 - $6,55: This lower boundary serves as the "line in the sand" for the current bullish structure. Maintaining this level is vital for the long-term integrity of the uptrend.
3. Momentum & Volume Distribution Analysis
Williams %R: Currently hovering in the neutral territory (−48.11), confirming the lack of immediate directional conviction. A dip into the oversold region (below −8 followed by a sharp recovery would be a classic trigger for a long entry.
Accumulation/Distribution (A/D): The curve remains resilient at 195.75B. The lack of a sharp divergence suggests that while the price is stalling, major players are not aggressively offloading positions, supporting a "buy-the-dip" thesis.
4. Institutional Executive Summary
Market Bias: Neutral-Bullish. While the macro tre