SPX ANALYSIS 28-AUG-2025LTP 6481
Supports: 6210/5755/5100/4834
Upside can be 6734-7121
Immediate Support: 6210
SPX can face some resistance around 7100-7300, where we can see some correction towards 6500/6200 before next bull run towards 7000/8000.
Upside targets: 6734-7121 (min target)
Normal target: 7740-8125
Ultimate ta
Short Term SPX to hit a target of ~6800 post current correctionSPX is in a small time correction phase.
Is the correction ended ?
May not be, for it to prove correction has ended, price should show break out above current short term range.,
What are possibilities ?
a) Price does a break out of current range and flows blue line to ~6800 target
b) Price carr
The US Indices nearing strong resistanceDow Jones n S&P 500
Elliott - this is the 5th wave and the last of the impulse wave of the current swing. The 5th wave has been divided into its own 5 waves. This is the last wave or the vth of 5 in play. The tgt for both of them is some 4% from the CMP.
Conclusion - atleast for a week or two th
SPX forms a bearish engulfing candle again Last week, the S&P 500 Index (SPX) printed a bearish engulfing candle on the weekly chart. This candlestick pattern occurs when a larger red (bearish) candle completely "engulfs" the body of the previous green (bullish) candle. It is a classic reversal signal, often indicating that the momentum may
SPX Rejection-Price Stalling Near Psychological Line-Short Mode🔍 Chart Context:
✅ Strong bullish trend earlier, supported by rising moving averages.
⚠️ A single Sell label has now appeared just under the 6400.28 marked resistance.
📏 Price is compressing after the impulse rally, forming potential lower highs.
🟧 Liquidity Control Box suggests recent supply pre
The US Indices is at a danger zoneSPX CMP 6339
Elliott- the 5th wave is done now. I have also sub-divided v of 5 in its own 5 waves with a star on the left chart.
Fib Ext - the 5th wave has halted at 1.382 where we also have a trendline resistance.
RSI - the oscillator has again reached the bear zone. Hence now the oscillatio
SPX Supply Rejection-Eyes on 6304SPX shows signs of potential weakness after testing a prior supply zone and failing to sustain higher levels. The current setup anticipates a downward move, supported by structural resistance and liquidity imbalances.
🔍 Chart Highlights:
🟥 Red zone marks supply rejection after a strong upward move
US Indices at resistanceS&P 500 CMP 6297
Elliott - this is the 5th wave which is the last of the impulse wave. I have divided the 5th wave into its own 5waves. The 1st wave and the 5th wave are generally equal. Hence the current zone becomes a high probability reversal zone.
Trendline - trendline resistance at the same
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