Market Outlook of S&P500 (09Feb2026)
Technical Analysis Overview
MACD Indicator
The Moving Average Convergence Divergence (MACD) indicator has completed a top crossover, which implies a bearish outlook.
Moving Averages
The price action, as depicted by the candlesticks, is currently situated above the 200-day moving average (MA) lines. The last candle is sitting right on the 50-day moving average (MA) line. This positioning indicates a bullish trend in the long-term outlook and probable changes to the short-term trend. Both the 50 MA and the 200 MA are trending upward, reinforcing the positive trend.
Exponential Moving Averages (EMAs)
The three Exponential Moving Averages (EMA) lines have completed a converging pattern and are now showing a bearish outlook.
Chaikin Money Flow (CMF)
The Chaikin Money Flow (CMF) currently registers at 0.11 and is also trending upward. This reading indicates that there is more buying pressure than selling, especially after crossing the middle “0” line.
More Technical Analysis
Based on the daily interval, 17 indicators display a “Buy” rating, while 3 display a “Sell” rating. This leads to a “Strong Buy” rating based on the daily interval.
CNN Fear & Greed Index
The CNN Fear & Greed Index registered a “45” rating, which is “neutral”. There seems to be a wedge forming for the index. Will there be a breakout soon?
Considering the above data, I lean towards a bearish outlook. Let us research before investing.
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