Market Outlook of S&P500 - 13Jan2025 > what 25 indicators say
Observations:
-
The MACD indicator is showing a downtrend.
-
Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is below the MA50 line and above the MA200 line. This implies a bearish mid-term and bullish long-term.
-
The 3 Exponential Moving Averages (EMA) lines are on a downtrend.
-
Chaikin’s Monetary flow (CMF) shows a downtrend.
From technical analysis (daily interval), the 21 indicators (technical & moving averages) point to a “Strong Sell” rating. The breakdown reveals 4 indicators with a “Buy” rating and 17 with a “Sell” rating.
Now, let us look at candlestick patterns.
There was an “Evening Star” candlestick pattern (1D interval) that took place on 7 Jan 2025 (2 candlesticks ago).
Based on the above technical analysis (1D chart), the S&P500 should be down in the coming week.
Comments