Weekly SPX Trade Analysis – Strong Bullish Momentum
The S&P 500 Index (SPX) is showing strong bullish momentum on the weekly chart. As of May 16, 2025—the final trading day of the week—the candle is 99% likely to close bullish. The previous day’s candle also closed strongly bullish, confirming ongoing buying strength.
This week’s structure signals a bullish bias. Our strategy today focuses only on buy setups, not sell trades.
Key Levels to Watch for Today
- Previous Day’s High: 5924
- Previous Day’s Low: 5864
Traders should closely monitor these levels. A move above the day’s high activates the buy strategy.
Buy Setup Based on Bullish-Bearish Candle Strategy
Here’s a simple and effective intraday setup:
- Buy Entry: Above 5924
- Target Price: 5968
- Stop Loss: Below the low of the entry candle
This setup follows the Bullish-Bearish Candle Strategy, ideal for handling breakout situations, including gap ups or gap downs. If you’re unfamiliar with this method, check out our detailed guide:
👉 “How to Trade Bullish & Bearish Candle Setups“
Market Comparison & Trade Confirmation
India’s market today formed a pause candle, signaling possible hesitation. If the SPX shows a similar pattern during U.S. market hours, traders should be cautious. Only take the trade if:
✅ The price breaks above 5924
✅ A strong bullish candle confirms the breakout
If a pause candle forms, it’s best to wait for a clearer setup.
Final Thoughts – SPX Trade Analysis for May 16, 2025
To summarize:
- Weekly SPX structure is bullish
- Focus only on long (buy) trades today
- Watch for breakout above 5924
- Use proper stop loss and risk management
- Avoid overtrading—wait for confirmation
This strategy aligns with professional trading principles and supports disciplined execution based on technical analysis.
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