Is this the bottom for S&P500 - Market outlook 14Apr25

Market Outlook of S&P500 - 14Apr25

Observations:

• The MACD indicator has yet to complete the bottom cross-over, which suggests a potential reversal. It is possible to range or go lower before the actual reversal. I prefer for MACD’s bottom crossover to be completed before acknowledging a reversal (as it forms a part of considerations).

• Moving Averages (MA). The MA50 line has started a downtrend, while the MA200 line is on an uptrend. This implies a downtrend in the mid-term and a bullish in the long term. We are seeing the setup of a Death Cross (when the MA50 line cuts the MA200 line from above). A death cross can be seen as a bearish indicator.

Death Cross Definition: How and When It Happens

• Candle. The last candle is below the MA50 and MA200 lines, implying a bearish outlook for the medium and long term.

• The three Exponential Moving Averages (EMA) lines are showing a downtrend.

• Chaikin’s Monetary Flow (CMF) is in the “uptrend zone” (above the 0 line). This implies more buying than selling.

• Let us monitor the magnitude of the rise and fall alongside the volume.

S&P 500 index grew 4.68% from one year ago.

Based on daily intervals, the technical indicators show a “Strong Sell” recommendation. The 15 indicators are showing a “Sell” rating versus 5 with a “Buy” rating. Here are the technical indicators and moving averages in summary.

The candlestick patterns suggest a “bullish” outlook in the coming weeks.

Given the above indicators and patterns, the S&P 500 points to a “bearish” outlook. I prefer a bottom crossover for the MACD indicator before seeing the reversal.

@TigerStars

$S&P 500(.SPX)$

$Cboe Volatility Index(VIX)$