Part 3 of 5 - S&P500 outlook (08Jun2026)

KYHBKO
06-07 23:14

Market Outlook of S&P500 (08Jun2026)

Technical Analysis Overview

MACD Indicator

The Moving Average Convergence Divergence (MACD) indicator for the S&P 500 has started a downtrend.

Chaikin Money Flow

The Chaikin Money Flow (CMF) stands at 0.19, indicating there is more buying momentum than selling pressure in the market.

Moving Averages

Examining the moving averages, the most recent price action shows the last candlestick has been above the 50-day moving average (MA50) and the 200-day moving average (MA200). This pattern indicates a bullish shift in both the short and long term. Notably, both the MA50 and MA200 lines have begun to trend upwards, which indicates a bullish outlook in both the short and long term.

Exponential Moving Averages

The exponential moving average (EMA) lines are showing a bullish outlook, but with the coming convergence, there is a potential reversal.

Other Technical Analysis

Using “Daily” intervals, the technical indicators are showing a “Sell” rating. 8 indicators have a “Buy” rating and 12 indicators have a “Sell” rating.

CNN Fear & Greed Index

The market fell into the “Fear” zone with a score of 42.

Weekly Outlook

Based on the above, the S&P500 should be leaning bearish entering the new week.

@TigerStars

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

$Vanguard S&P 500 ETF(VOO)$

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