Why have over 20 indicators have pointed to a bullish run? preview of S&P500 - 17Feb2025

Market Outlook of S&P500 - 17Feb2025

Observations:

• The MACD indicator is showing an uptrend. A top crossover is expected soon.

• 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.

The S&P500 has risen 21.57% from a year ago.

From the S&P500 Technical Analysis, Investing dot com recommends a “Strong Buy” rating based on the following technical indicators.

Of the 20 indicators, all of them are showing a “Buy” rating with none showing a “Sell” rating.

From the recent candlestick patterns, we noticed that there are “more” bearish patterns.

From the above, the S&P500 should go up in the coming week but we expect a reversal (a downtrend) in the coming days.

@TigerStars

$S&P 500(.SPX)$

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