S&P 500 Market Analysis and Trade Setups

Yeah. Although even with the invalidation of the trade setup, I wouldn't be comfortable buying this week. For me, the short probabilities is higher this week than bullish probabilities, so i'll just wait for a break below 7813, then join the sells with my SL above 7829 above the key supply zone.

On 1hr, Price invalidated the bullish trend channel and is forming a new bearish channel confirming it wants to go bearish from the key resistance level at 7824.
I'll be waiting for a break below 7813, to join the sell continuations down to 7780 with my SL at 78229.

Waiting for a confirmed break below 7,813 before selling makes sense, especially with resistance overhead, also look for a retest or bearish displacement to avoid entering on a false breakdown, with 7,829 remaining the invalidation level.

I've executed the trade setup on SP 500
Entry: 7812.5
SL: 7847.6

Reason: a 4hr double top has been formed, and also I spotted a continuation candlestick pattern as well.
I'll be holding till tomorrow (Entry: 7812.5, SL: 7847.6)

SP 500 Trade Update (Tues 13th October 2026)
Asian session drove price aggressively from my entry (97812.5, SL-7847.6) after a short retest breaking below 7799.2 price level. I'll be expecting the retest of the level as resistance for the sell continuations.

The strong break below 7,799.2 supports the bearish continuation idea. wait for a retest and clear bearish rejection at that level before re-entering, while watching for a reclaim that could invalidate the setup.

Price invalidated the bearish downtrend channel but still respected the resistance level at 7820. price level.
I closed out the trade almost at breakeven.
Entry: 7812.5
Exit: 7805.7

Price is reacting ahead of cpi tomorrow, let's see what will happen next week are slowly heading towards a risk on environment, if CPI cools off tomorrow fed may keep rate steady but if hiked rate may increase and that may change direction for all risky assets, but still watching, risky assets have started rising like Aud, GBP, but Euro is lagging

Price invalidated the bearish downtrend channel but still respected the resistance level at 7820. price level.
I closed out the trade almost at breakeven.
Entry: 7812.5
Exit: 7805.7