Technical analsyis for S&P500 with over 20 indicators and candlestick patterns (03Feb2025)

KYHBKO
02-03 09:01

Market Outlook of S&P500 - 03Feb2025

Observations:

  • The MACD indicator is showing an uptrend.

  • Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is above both the MA50 line and the MA200 line. This implies a bullish outlook for both the mid-and long-term.

  • The 3 Exponential Moving Averages (EMA) lines are showing an uptrend.

  • Chaikin’s Monetary flow (CMF) shows an uptrend.

Using 1D intervals, the technical analysis shows a “Strong Buy” rating for the S&P 500. 19 indicators show a “Buy” rating. 3 indicators show a “Sell” rating.

The latest candlestick patterns are showing a mixture of bullish and bearish signals.

From the above, the S&P500 should go up in the coming week. (The tariff war started by the USA with Mexico, Canada and China is likely to bring some volatility.)

@TigerStars

$.SPX(.SPX)$

$SPDR S&P 500 ETF Trust(SPY)$

Rate Cut Delay: Will S&P Drop Below 5000?
Federal Reserve Chair Jerome Powell said firm inflation during the first quarter had introduced new uncertainty over when and whether the central bank would be able to lower interest rates later this year. ------------------ Will S&P 500 drop below 5000? Is a short term correction or the end of bull market?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
1