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?

avatarKYHBKO
02-03

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

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