The Stock Market Is Trapped Again! Where To Next? [S&P 500 Technical Analysis]

The Stock Market has reached a point of indecision ahead of Jerome Powell's speech and further comments about the economy. The S&P 500 is training in the middle of a range while the NASDAQ continues to strengthen approaching fresh new highs. Will Jerome take his foot off the pedal or has he only just begun? The key to Trading the Stock market right now is following the price action and technical analysis of the S&P 500 real market index.

📺Subscribe To Our Channel and Get More Great Tips

📊Follow us on social for more updates:
▶︎FB @FXEvolutionAustralia
▶︎IG @fxevolution

Music Bensound: Summer
Music LiQWYD: Night Out

DISCLAIMER: The information contained in this video is generic in nature and for educational purposes only. The information does not take into account your personal objectives, financial situation or needs. This information is not to be construed as an offer, recommendation or solicitation to buy, sell or to participate in any particular trading strategy or investment advice. FX Evolution does not represent that any of the information provided is accurate, current, or complete and you should not rely upon it when making your trading or investment decisions.

CFDs and margin FX are leveraged products that carry a high level of risk to your capital. You do not own, or have any rights to, the underlying assets. Trading is not suitable for everyone and may result in you losing substantially more than your initial investment. Past performance is no indicator of future performance. Please consider the risks involved, seek independent advice and read the relevant legal documentation (available on our website) before making a trading or investment decision.
DISCLOSURE: We only recommend products and services that we use on a daily basis. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel as we wish to spread our knowledge and years of experience
#S&P 500 Technical Analysis
#stockmarket
#stock market analysis

[ladychokmah]

Your fundamental analysis are great. I trade options. New subscriber!

[Asian_Connection]

You do amazing analysis. Can you cover the impact of the BANK STRESS test next week? Thx

[ateraksi]

Thank you! Great analysis of the stock market as always. Really appreciate your daily videos.

[sam]

Thanks for nice charting.
Do you know when is JP speech?

[MichaelGordonFinance]

*Keep up the great work.* I also do finance videos. Look forward to seeing another video.

[CarsonCitySoap]

I love how quantitative easing is seen as bullish, but doesn't it mean there's still more systemic risk and not enough liquidity to cover positions they deem toxic?

[darthsiddious]

What do you think about playing both sides of a critical line? e.g. 330 for AAPL, taking a short and a long with tight stop losses for each trade. You'd be a winner either way with the losing trading getting stopped out.

[BWater-yqjx]

Interestingly, I've even found 'multiple indicators' to work in gambling, specifically Roulette, which I've played a LOT over the years. 😏

So for instance, if certain areas are 'due' to come up, such as:

Red, Even, Low (1-18), bottom dozen, AND there are numbers overdue that fit all those categories (in this case only the number 12!)...

I will cover those areas and often hit most or all of them simultaneously, including the straight-up number(s).

It's all probability, in the end.

[RceMuncher]

No real reason that Powell will say anything to upset the market... His tenure is centred around popping it up at critical levels.

Will see how ASX does on Monday!

[robinros]

I'm trapped in the speech from monday..

I shorted the market at this point.... And l'm down 50% BIG TIME.. At 3000 I'm breakeven again..

What are the change that the market will come below 3000 soon?

[darthsiddious]

Fed drops a new printing program = market goes up. Powell publicly explains and defends it = market leaks downward.

[LoanwordEggcorn]

High VIX is not necessarily good for volatility traders because it means options prices are also higher and therefore less efficient.

I agree that a vaccine is key to returning some kind of normalcy to the economy.

[gateslattes]

Reaching highs.
We have to wait a bit more. :((

[Cordycep]

Powell did say they not buying etf anymore....there is a gap.

[lemonade]

It's not trust that makes fiat money work, it's public ignorance.

[MrTpain]

The best company to invest in is printing ( printing money 💰) 😂

[kuldeuec]

Whatever Powell says, market picks up only bearish sentiment he says and it falls.. this causes bears to add their shorts and later they all cover for losses boosting the market further u

[randallpaul]

Margin calls will be in abundance both sides of the market for Robinhood traders. Gambling this market is futile

[christosmakariou]

iTS A BEAR TRAP! FOLLOWED bY A BOOLTRAP!

[jakstiles]

Who payed you fx future! Send them my way. I’m gonna make a channel and spill all the beans well thinking about it