To The Moon

Market Outlook of S&P500 - 09Jun25

Technical observations:

• MACD - a top crossover is completed, and this suggests a downtrend is coming. Ranging sideways can be a possible scenario, too.

• Exponential Moving Averages (EMA) lines are showing an uptrend. However, the 3 lines are converging, and a trend reversal is expected.

• Both the 50 MA line and the 200 MA line are showing an uptrend. This speaks of a bullish outlook for both the short and long term.

• The CMF is positive at 0.25, indicating strong buying pressure over the past 20 periods.

The daily interval is showing a “Strong Buy" for the S&P 500 index. 21 indicators are showing a “Buy” rating, and no indicator shows a “Sell” rating.

• Short-Term Outlook: The emerging Morning Doji Star and Morning Star patterns, combined with the price breaking to a new high of 6,000.36, suggest that the S&P 500 is likely to continue its upward trajectory. The next target is 6,100, a psychological level, with potential to reach 6,200 if momentum persists.

• Long-Term Outlook: The broader trend remains strongly bullish, with the S&P 500 establishing a new high above 6,000 and maintaining key support levels. The dominance of bullish candlestick patterns since April 2025 indicates potential for further gains, possibly retesting or exceeding the late 2024/early 2025 peak near 6,000.

• Actionable Insight: The bullish candlestick patterns support a continuation of the uptrend. Traders should watch for a sustained break above 6,000 with increasing volume to confirm the move toward 6,100.

The candlestick patterns indicate a robust bullish outlook for the S&P 500, with the current price action suggesting a strong continuation of the uptrend, both in the short and long term, as it targets higher resistance levels.

(The above is compiled with Grok’s help.)

From the above, the S&P 500 is likely to continue its climb, and we should expect a reversal soon.

@TigerStars

$S&P 500(.SPX)$

$Cboe Volatility Index(VIX)$