empty
InstaForex - Official partner of Dragon Racing
InstaForex - Official partner of Dragon Racing
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Headquarters
Key documents
Social Responsibility
23.01.2025 11:29 AM
S&P 500 at peak, with bear market signals emerging
Open trading account Open demo account

This image is no longer relevant

Futures on US equities remained almost unchanged on Thursday following a strong rally in the previous session that saw the S&P 500 index hit a new all-time high. However, this comes as no surprise to market participants. Such a strong rally can be attributed to a robust earnings season as well as optimism surrounding deregulation and tax cuts under the Trump administration. These factors continue to support bullish sentiment.

Fundamental background

Netflix soared nearly 10% after reporting record subscriber growth, confirming strong demand for digital content and the ongoing trend toward digital consumption.

Procter & Gamble gained 1.9% after the company posted strong quarterly results, indicating sustained demand for consumer goods, even amidst rising competition.

Oracle surged by 6.8% after announcing a $500 billion AI joint venture with SoftBank and OpenAI, boosting market confidence in the long-term potential of AI.

Macroeconomic expectations

Investors remain optimistic about further tax cuts and deregulation, expecting additional economic acceleration.

Labor market data, particularly initial jobless claims, continues to be closely watched as it provides insight into employment conditions and indirectly affects consumer spending.

Technical analysis

The S&P 500 recently broke through the resistance levels of 6,000 and 6,060, accelerating the ongoing intermediate upside momentum that began in early January.

Given the sustained bullish trend and overall positive market sentiment, the next target appears to be around 6,110, where a short-term pullback is possible.

If buying momentum remains strong, the next areas of interest will be 6,200 and then 6,400–6,500. However, according to wave structure analysis, the range of 6,400–6,500 could mark the start of a more significant correction or even a shift into a long-term bearish phase.

This image is no longer relevant

The Nasdaq Composite closed at 21,820 on Wednesday, adding 286 points, or 1.33%.

Over the past four weeks, the Nasdaq has seen a modest rise (+0.10%), which could signal some consolidation after previous gains.

The annual growth of 24% reflects a strong trend over the past 12 months. However, forecasts for the end of the quarter (20,615) and the end of next year (19,355) suggest the possibility of a correction phase.

From a wave theory perspective, the market may be nearing the final stage of a major upward wave, making it crucial for investors to monitor the index's reaction as it approaches key psychological levels.

This image is no longer relevant

Conclusion for traders and investors

Short-term outlook:The S&P 500 and Nasdaq remain in a bullish trend, supported by positive earnings reports and expectations of stimulus measures. Traders could consider buying on corrections to support levels if their strategy involves short-term trend trading.

Medium-term and long-term outlook:If the S&P 500 reaches the key resistance levels of 6,200–6,500, and the Nasdaq potentially falls to 20,600–19,350, it may be time to reassess portfolios. Adding to short positions or locking in profits could be a sensible strategy if a downward correction begins.

Risks

  • Potential overvaluation of high-tech companies (growth in market capitalization not always supported by fundamental metrics).
  • Uncertainty surrounding the implementation of political promises regarding deregulation and tax incentives.
  • Potential geopolitical factors that could trigger increased volatility in the short term.

For investors focused on longer time horizons, it is essential to stay attuned to key macro and microeconomic indicators, as strong resistance levels and overheating in certain market sectors could trigger significant corrections.

For day traders and those focused on shorter timeframes, it may make sense to continue trading with the trend, but as soon as there are signs of weakening momentum, it is crucial to shift to more conservative positions or use stop-loss orders.

Natalya Andreeva,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
All Analytics
Wave analysis
EUR/USD Analysis – March 31st The wave structure on the 4-hour EUR/USD chart is at risk of transforming into a more complex formation. On September 25 of last year, a new downward structure began forming
Chin Zhao
20:10 2025-03-31 +02:00
1435
Wave analysis
GBP/USD Analysis – March 31: The Pound Takes a Break The wave structure for GBP/USD remains somewhat ambiguous, though overall acceptable. Currently, there is still a high probability of a long-term downward trend formation. Wave 5 has taken a convincing
Chin Zhao
20:08 2025-03-31 +02:00
1270
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

USD/JPY: Simple Trading Tips for Beginner Traders on March 31st (U.S. Session)

Trade Breakdown and Tips for Trading the Japanese Yen The price test at 148.84 occurred when the MACD had already moved significantly below the zero mark, limiting the pair's downward
Jakub Novak 20:01 2025-03-31 UTC+2

GBPUSD: Simple Trading Tips for Beginner Traders on March 31st (U.S. Session)

Trade Breakdown and Tips for Trading the British Pound The price test at 1.2935 occurred when the MACD had already moved significantly below the zero mark, which limited the pair's
Jakub Novak 19:58 2025-03-31 UTC+2

EURUSD: Simple Trading Tips for Beginner Traders on March 31st (U.S. Session)

Trade Breakdown and Tips for Trading the Euro The price test of 1.0820 occurred at a time when the MACD indicator had already moved significantly below the zero line, which
Jakub Novak 19:55 2025-03-31 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on March 31. Review of Yesterday's Forex Trades

The price test at 150.85 occurred when the MACD indicator had already moved significantly above the zero level, limiting the pair's upside potential. For this reason
Jakub Novak 09:35 2025-03-31 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on March 31. Review of Yesterday's Forex Trades

The price test at 1.2950 occurred when the MACD indicator had already moved significantly above the zero mark, which limited the pair's upward potential. For this reason, I didn't
Jakub Novak 09:35 2025-03-31 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on March 31. Review of Yesterday's Forex Trades

The price test at 1.0787 occurred at a moment when the MACD indicator had just begun to move upward from the zero mark. This confirmed a correct entry point
Jakub Novak 09:34 2025-03-31 UTC+2

Intraday Strategies for Beginner Traders on March 31

The euro and pound showed gains, but it's still too early to say the downward corrections are over. Buyers will need to exert more effort to alter the current technical
Miroslaw Bawulski 09:34 2025-03-31 UTC+2

USDJPY: Simple Trading Tips for Beginner Traders on March 28th (U.S. Session)

Trade Analysis and Tips for Trading the Japanese Yen The test of the 150.75 level occurred when the MACD indicator had already moved significantly below the zero line, which limited
Jakub Novak 19:04 2025-03-28 UTC+2

GBPUSD: Simple Trading Tips for Beginner Traders on March 28th (U.S. Session)

Trade Analysis and Tips for the British Pound The test of the 1.2950 level occurred just as the MACD indicator began to rise from the zero line, confirming a valid
Jakub Novak 19:00 2025-03-28 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on March 28th (U.S. Session)

Trade Analysis and Tips for the Euro The price test at 1.0785 occurred when the MACD indicator had already moved significantly below the zero line, which limited the pair's downward
Jakub Novak 18:57 2025-03-28 UTC+2

Top analytics

Relevance up to 12:00 UTC--4
EUR/USD Analysis – March 31st
20:10 2025-03-31
Wave analysis
Relevance up to 08:00 UTC--4
GBP/USD Analysis – March 31: The Pound Takes a Break
20:08 2025-03-31
Wave analysis
Relevance up to 08:00 UTC--4
GBPUSD: Simple Trading Tips for Beginner Traders on March 31st (U.S. Session)
19:58 2025-03-31
Forecast
Relevance up to 08:00 UTC--4
EURUSD: Simple Trading Tips for Beginner Traders on March 31st (U.S. Session)
19:55 2025-03-31
Forecast
Relevance up to 08:00 UTC--4
USD/JPY: Simple Trading Tips for Beginner Traders on March 31st (U.S. Session)
20:01 2025-03-31
Forecast
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.