20 indicators have spoken about Market Outlook of S&P500 - 09Dec24

KYHBKO
12-09

Market Outlook of S&P500 - 09Dec24

Observations:

  • The MACD indicator is showing an uptrend.

  • Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. Both MA50 and MA200 lines are below the last candle. Thus, it could be read as bullish for both the mid and the long term.

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

  • Chaikin’s Monetary flow (CMF) shows an uptrend. However, there seems to be more selling momentum than buying. This can lead to a potential trend change.

From the 20 indicators, all are pointing to a “Strong Buy” rating for the S&P500 (for Daily interval). 21 indicators recommend a “Buy” and none recommend a “Sell”.

From the candlestick pattern, the latest seems to point to a more “bearish” outlook.

From the above, the S&P500 should continue its uptrend but we see falling momentum from this bullish run.

@TigerStars

$.SPX(.SPX)$

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

2025 Outlook: How Will Story Unfold?
The S&P 500 and Nasdaq eked out record closing highs recently, with tech-related shares extending recent gains. Major institutions have released research reports, with most optimistic about a rally in 2025. The highest target for the S&P 500 has been set at 7,000 points. What are your expectations for 2025? How do you plan to trade?
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Comments

  • NewmanGray
    12-09
    NewmanGray
    Your analysis is thorough
    • KYHBKO
      thanks for your kind words
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