(Part 2 of 4) - Market outlook of S&P500 (20Jul2026)

Market Outlook of S&P500 (20Jul2026)

Technical Analysis Overview

MACD Indicator

The Moving Average Convergence Divergence (MACD) indicator for the S&P 500 just completed a crossover and is on a downtrend.

Chaikin Money Flow

The Chaikin Money Flow (CMF) stands at 0.16, indicating that the market has more buying momentum than selling momentum.

Moving Averages

Examining the moving averages, the most recent price action shows that the last candlestick has been above 200-day (MA200) moving average but just cut the 50-day (MA50) moving average. This pattern indicates a bullish shift in both the long term and a probable trend change in the short term. Notably, both the MA50 and MA200 lines have continued to trend upward, indicating a bullish outlook in both the short and long term.

Exponential Moving Averages

The exponential moving average (EMA) lines are showing a bullish outlook with crossover in the upcoming days. This suggests a potential reversal in trend.

Other Technical Analysis

Based on the daily interval, technical analysis recommends a “Neutral” rating with 9 indicators showing a “Buy” rating and 10 indicators showing a “Sell” rating.

CNN Fear & Greed Index

With a score of “37”, the CNN’s Fear & Greed index is suggesting that the general market sentiment is “Fear”. This is a drop from the “Neutral” sentiment from the previous week.

Weekly Outlook

The bottom crossover of the MACD is complete. Based on the above, the S&P500 should be Bearish for the new week.

@TigerStars

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