Take Profit as S&P Hits 5800 or Hold Till 6000?

As the stock market hits record highs more than 40 times this year, there are concerns that history might repeat itself and another financial crisis could occur. ---------------- Will S&P 500 hit 6000 by year-end as institutions predict? Would you take profit and stay cautious ahead or hold till the year-end?

avatarMatrix7777
10-31
Should slowly take profit.
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avatarTRIGGER TRADES
10-28

$SPX is expected to continue to sell this week

$.SPX(.SPX)$ is expected to continue to sell this week after it produced a bearish WXY model at Friday's 5862 high.Look for price to decline to at least 5762, but ultimately 5700-5650 for the B-Wave pullback. If that occurs, this B-Wave pullback should be bought for the final (!) leg up of Wave C of [W5] of Wave 5! $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2412(ESmain)$ $.IXIC(.IXIC)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2412(NQmain)$ ImageImag
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$SPX is expected to continue to sell this week
avatarSmartReversals
10-25

$SPX - Bearish MACD crossover

$.SPX(.SPX)$ - Bearish MACD crossover and the diagonal of lower highs continues rejecting price.As mentioned previously, the best case scenario for this week is a weekly indecision candle, as of today there has been a 0.93% weekly decline. Today all eyes are on the 20DMA, if it is broken the lower Bollinger band is the usual destination, today at $5673.$Tesla Motors(TSLA)$ soared beautifully as expected, but it cannot move the whole market.ImageGM! Futures are 🟢, and TSLA more. Yesterday I shared a navigation guide for SPX after market closed, it is in the latest publication⬆️, open for everyone💚. The gap flipped for Testa, be mindful about that.
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$SPX - Bearish MACD crossover
avatarTRIGGER TRADES
10-25

$SPX traded below 5775 and further downside

$.SPX(.SPX)$ traded below 5775 thus confirming the deeper B-Wave pullback.Although price recovered today, further downside to 5700-5650 is favored before terminating the pullback.If so, this B-Wave should be bought for the final (!) leg up of Wave C of [W5] of Wave 5!.... then it dies.$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2412(ESmain)$ $E-mini Nasdaq 100 - main 2412(NQmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ 🔥 W
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$SPX traded below 5775 and further downside
avatarSmartReversals
10-24

$SPX - Support at the 20DMA

$.SPX(.SPX)$ - Support at the 20DMAThe daily candle isn't a bullish reversal one, but the 4H timeframe does suggest so. $Tesla Motors(TSLA)$ Jumped as expected🎯, and it will influence the market tomorrow, so the odds for a bounce in SPX and $NASDAQ 100(NDX)$ based on the 4H chart are significant.The week is still expected to close in the red or with a doji in the best case scenario.ImageEarly, SPX - McClellan Oscillator Mentioned yesterday in the SPX post that breadth deteriorated in a significant way, the McClellan Oscillator moved down by -81%. It will be interesting when the pullback comes, this oscillator is already at -34, and oversold levels begin at -70.Ima
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$SPX - Support at the 20DMA
avatarSmartReversals
10-22

$SPX - $5885 was the target presented to subs several weeks ago

$.SPX(.SPX)$ - $5885 was the target presented to subs several weeks ago, and it can be considered reached since the top last week was shy by $7 points🎯.Price action closed today with a second daily candle showing indecision, chop ahead is possible. The market can continue moving up, but for someone who is not using clear support levels, it is safer to consider bullish continuation if $5885 is consolidated.The circles in the chart: The red one highlights a bearish engulfing candle followed by indecision ones, the oscillator was overbought. The green one shows an engulfing candle followed by indecision, those days the oscillator was oversold. The setup favors southbound resolution, but key levels have to be broken tomorrow by the close.Image
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$SPX - $5885 was the target presented to subs several weeks ago
avatarTRIGGER TRADES
10-22

Financial stocks are heading straight for danger in this upcoming crash!

🔥 Financial stocks are heading straight for danger in this upcoming crash! 🔥 $Financial Select Sector SPDR Fund(XLF)$ , the powerhouse financial sector index holding giants like $JPMorgan Chase(JPM)$ $Bank of America(BAC)$ $Wells Fargo(WFC)$ $Goldman Sachs(GS)$, is approaching the end of a textbook impulse wave from the 2009 low.This screams that a 15-year correction is on the horizon!💥 The moment it breaks below the 2/4 trendline at $38, expect a potential 40-50% collapse from the peak! $SPDR S&P 500 ETF Trust(SPY)$
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Financial stocks are heading straight for danger in this upcoming crash!
avatarTiger_James Ooi
10-21

US Market Insights (21- 25 Oct): Potential Trump Sweep Drives Stocks Higher

The $.SPX(.SPX)$ and $.IXIC(.IXIC)$ returned 0.87% and 0.26%, respectively, last week.Major market movers included $Meta Platforms, Inc.(META)$ (-2.28%), $UnitedHealth(UNH)$ (-4.76%), $Advanced Micro Devices(AMD)$ (-7.1%), $Applied Materials(AMAT)$ (-9.1%), $Lam Research(LRCX)$ (-12.12%), $Apple(AAPL)$ (+3.2%), $NVIDIA Corp(NVDA)$ (+2.37%), $Visa(V)$ (+4.6%),
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US Market Insights (21- 25 Oct): Potential Trump Sweep Drives Stocks Higher
avatarValue_investing
10-20

S&P 500 Peaks 47 Times, Gold Hits New High

On Friday, U.S. stocks surged to new highs as investors looked to the upcoming earnings reports to justify their bets on a soft economic landing.For the sixth consecutive week, U.S. stocks climbed, with the $.DJI(.DJI)$ and the $.SPX(.SPX)$ hitting new records. The Dow rose 0.96% this week, the S&P 500 gained 0.85%, and the $.IXIC(.IXIC)$ was up 0.8%.This marks the 47th record high for the S&P 500 this year. Despite lowered expectations for third-quarter earnings, investors are betting on yet another earnings season surprise. Analysts predict the weakest earnings growth in four quarters at 4.3% year-on-year, but forward guidance suggests a much stronger
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S&P 500 Peaks 47 Times, Gold Hits New High
avatarSmartReversals
10-20

$SPX - Indecision With a Harami/Inside Candle

$.SPX(.SPX)$ - Indecision With a Harami/Inside CandleIt could anticipate a reversal. It's worth considering two aspects: Price is above the 5DMA with a bullish Stochastic crossover. Managing risk is key, but there is no confirmation for a bearish reversal. Circles in candles show bullish or bearish developments, and circles in oscillator show mostly bullish continuation, not the red case. The weekly chart is key, 250💚likes to post it. ImageGrowth Expectations for S&P500 in 2025: 13%.Does it make sense to you?ImageThe employee/sales ratio varies per sector, Consumer Discretionary has the highest and Energy the lowest one. Image
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$SPX - Indecision With a Harami/Inside Candle
avatarpretiming
10-20

S&P 500 Analysis: Capitalizing on Current Bullish Momentum

$.SPX(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ As of October 18, the S&P 500 closed at 5,864.7, reflecting a 0.40% increase. This indicates a positive market trend, suggesting favorable conditions for investors.Long-term Investment StrategyThe current trend for the S&P 500 is classified as Bullish, which means that the market is experiencing strong buying pressure. For investors, this is an excellent opportunity to adopt a Buy and Hold strategy.In a Bullish trend zone, the market typically displays two patterns:Uptrend: This is characterized by a strong upward movement in prices, although there may be occasional dips.Correction Trend: Here, the market may experience some temporary downward movement
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S&P 500 Analysis: Capitalizing on Current Bullish Momentum
avatarSmartReversals
10-19

$SPX - Indecision With a Harami/Inside Candle

$SPX - Indecision With a Harami/Inside CandleIt could anticipate a reversal. It's worth considering two aspects: Price is above the 5DMA with a bullish Stochastic crossover. Managing risk is key, but there is no confirmation for a bearish reversal. Circles in candles show bullish or bearish developments, and circles in oscillator show mostly bullish continuation, not the red case. The weekly chart is key, 250💚likes to post it. ImageIn an ocean of bearishness, I posted a $SPDR S&P 500 ETF Trust(SPY)$ weekly chart during the weekend, that chart did not present a bearish setup. Looks like the thesis was proven true, unless the market crashes in the next three hours?
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$SPX - Indecision With a Harami/Inside Candle
avatarpretiming
10-19

SPX - The bullish trend is expected to persist

$.SPX(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ The S&P 500 closed at 5,841.5 with a slight decline of -0.02%. The current market trend remains Bullish, and the recommended long-term strategy is Buy and Hold. The bullish zone offers high return potential with lower risk. The index has been in this zone for 25 days, generating a cumulative return of 4.4%.Long-term strategy: Continue holding positions as there is no significant change expected in the trend. If the market enters a bearish zone, it would signal a selling opportunity.Short-term strategy: The S&P 500 is currently experiencing a correction trend, marked by slight fluctuations and downward movements. The recommended approach is to buy durin
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SPX - The bullish trend is expected to persist
avatarValue_investing
10-18

Dip-Buying Pays Off: US Tech Stocks Peak Again

For U.S. stock market investors, especially those focused on tech stocks, every pullback has proven to be a buying opportunity. Once again, this idea holds true as the Nasdaq Composite is approaching its all-time high. This would mark its first new peak since July 10, signaling that tech stocks have shaken off the summer slump and are back in full force.Tech's RollercoasterEarlier, tech stocks went through a rough patch, sliding from being the leading sector to one of the worst performers. In Q3, the IT sector was the second-worst performer in the $.SPX(.SPX)$. 2024 has seen a shift in market dynamics. The first half of the year was dominated by tech stocks and a handful of big names. But over the past three months, the market has seen a dramatic
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Dip-Buying Pays Off: US Tech Stocks Peak Again
avatarWallStreet_Tiger
10-18

6400! UBS Ups Its Forecast for SPX in 2025

UBS now expects the U.S. stock market to hit new highs in 2025. Jonathan Golub, the bank's strategist, raised his target for the $.SPX(.SPX)$ from 6,000 to 6,400 points in a note to clients on Tuesday. This new forecast implies a 9.2% gain from Monday's close.Golub pointed to a favorable economic backdrop as the driving factor. "UBS economists forecast 3.7% growth in U.S. nominal GDP in 2025, roughly in line with long-term averages," he said. He added, "Rate cuts should reduce interest expenses and default risks, boosting earnings per share and valuations."Golub’s call came right after the S&P 500 hit an all-time high, with the index up nearly 23% year-to-date. Investors are banking on the Federal Reserve cutting rates in the coming months, fu
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6400! UBS Ups Its Forecast for SPX in 2025
avatarSmartReversals
10-18

$SPX - Bullish Percent

$.SPX(.SPX)$ - Bullish PercentAs published for everyone freely subscribed last Saturday (link in profile), when the Bullish Percent reaches 80 and the pullback is in slow-motion (as in these days), the market does not pullback like in the red occurrences🔴, it actually presents bullish continuation as highlighted in yellow🟡(not in straight line up). Anyway, watching the 5DMA as presented in the previous post is key.Image $SPDR S&P 500 ETF Trust(SPY)$ - Indecision at the Bollinger High ZoneAs posted during the weekend, the weekly chart for SPY did not present a reversal setup.5 DMA is still supporting price, so the bullish trend is still on, and as the arrows indicate, the chop at the higher band is not
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$SPX - Bullish Percent
avatarCallum_Thomas
10-18

Stocks can just go through a big old range trade for long periods of time

One and Done?For stocks it's generally no big deal if the Fed only does a couple of rate cuts and later heads back into hikes.Markets are very forgiving of this kind of policy mistake, bonds not so much thoughImageCase StudyJapanese stocks during the 90's and 00's serve as a reminder that sometimes stocks can just go through a big old range trade for long periods of time...Bad for buy and hold, Good for active allocators ImageCredit Spread probing the lowsQuestion -- are you more confident owning risk assets when credit spreads are very high or very low? $.SPX(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2412(ESmain)$ Image
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Stocks can just go through a big old range trade for long periods of time
avatarTRIGGER TRADES
10-18

$SPX hit a short-term top today at 5878!

$.SPX(.SPX)$ hit a short-term top today at 5878! Now, we’re at a pivotal moment: either we’ve just completed a 3rd & pulling back for a 4th, or we're about to experience a sharp B-Wave decline.As long as we stay above 5775, the 4th wave scenario is still in play. But if we lose that level, watch out—5700-5650 is the next target on the downside.Personally, I’m leaning towards the B-Wave decline taking shape. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2412(ESmain)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2412(NQmain)$
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$SPX hit a short-term top today at 5878!
avatarDavidMarlin
10-18

Bull Market Milestone: Two Years In, Aiming for Five?

We are now 2 years into the current Bull Market that began in October 2022. The average duration of the last 11 Bull Markets has been ~5 years, with 8/11 (73%) making it to the end of the year 3. $.SPX(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini S&P 500 - main 2412(ESmain)$ $E-mini Nasdaq 100 - main 2412(NQmain)$ $iShares Russell 2000 ETF(IWM)$ $.DJI(.DJI)$ $GLOBAL
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Bull Market Milestone: Two Years In, Aiming for Five?
avatarMaverickWealthBuilder
10-17

Banks Q3 Earnings: How Did Rate Cut Make The Difference?

This week, all of the large U.S. consolidated banks have finished reporting Q3 earnings, and their performance continues to show differentiation and may be significantly divergent within the same business. $SPDR S&P Bank ETF(KBE)$ $Financial Select Sector SPDR Fund(XLF)$ $SPDR S&P 500 ETF Trust(SPY)$ $.DJI(.DJI)$ Key featuresNet interest business was mixed in a lower interest rate environment;The investment banking business continued to recover and the wealth management division continued its record business;Diversification factors became a major advantage for large banks;More funds set aside for potential credit lo
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Banks Q3 Earnings: How Did Rate Cut Make The Difference?