Market Outlook of S&P500 - 16Sep24 Observations: The MACD indicator is about to complete a top crossover which implies a coming uptrend. However, there is a forming of a “double top” which suggests that a reverse is not far away. 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 have completed their crossover. This implies an uptrend. Chaikin’s Monetary flow (CMF) shows an uptrend but there seems to be more selling volume than buying. Thus, the line may have started to trend downward. I have replaced Stochastic with CMF to incorporate consideration of volume. Stochastic and MACD are similar

Market Outlook of S&P500 - 09Sep24 Observations: The MACD indicator shows a downtrend. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The MA 50 line has cut the last candle and remains above the MA 200 line. Thus, it could be read as bullish for the long term. The mid-term may turn bearish soon. At the same time, the MA 50 may turn downwards soon. This is something that we should monitor. The 3 Exponential Moving Averages (EMA) lines are converging and the crossover should happen in the coming days, thus, a downtrend is on the cards. Chaikin’s Monetary flow (CMF) shows an uptrend but there seems to be more selling volume than buying. Thus, the line may have started to trend downward. I have replaced Stochastic with CMF to incorporate consideration of vol

Market Outlook of S&P500 - 05Aug24 Observations: The MACD indicator is showing a downtrend. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is below the MA 50 line and above the MA 200 line. Thus, it could be read as bullish for the long term and bearish in the mid-term. The 3 Exponential Moving Averages (EMA) are on a downtrend. For Chaikin’s Monetary flow (CMF), it is showing a downtrend. There is a chance for some reversal in the coming days. I have replaced Stochastic with CMF to incorporate consideration of volume. Stochastic and MACD are similar with Stochastic being “more active” and more capable for “false” signals. From investing dot com, the S&P500 is on a downtrend. Technically, it looks to be a “Strong sell”. Using 20

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Market Outlook of S&P500 - 15Jul24 Observations: The MACD indicator has completed a bullish top crossover that implies a current “bull” run. Chaikin Money Flow (CMF) is above the zero line in the middle which implies an uptrend. This remains in the bullish region. Note the selling strength is gaining ground. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is above both the MA 50 line and the MA 200 line. Thus, it could be read as bullish for the long term and the mid-term. Exponential Moving Averages (EMA). The 3 EMA lines are on an uptrend. I have replaced Stochastic with CMF to incorporate consideration of volume. Stochastic and MACD are similar with Stochastic being “more active” and more capable for “false” signals. S&P500 continue

Market Outlook of S&P500 - 01Jul24 S&P500 1 year chart as of 29Jun24 Observations: The MACD indicator has completed a top crossover and we should expect a downtrend. Chaikin Money Flow (CMF) is above the zero line in the middle which implies an uptrend. Yet, there is a stronger selling momentum than a buying one. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is above both the MA 50 line and the MA 200 line. Thus, it could be read as bullish for the long term and the mid-term. Exponential Moving Averages (EMA). The 3 EMA lines are on an uptrend. I have replaced Stochastic with CMF to incorporate consideration of volume. Stochastic and MACD are similar with Stochastic being “more active” and more capable for “false” signals. S&P500

Market Outlook of S&P500 - 17Jun24 Observations: The MACD indicator is on an uptrend. A double top is forming and we should expect a reversal in the coming days. Chaikin Money Flow (CMF) has crossed the zero line in the middle which implies an uptrend. Yet, there is a stronger buying momentum than a selling one. Let us monitor the development in the coming days. This should peak in the coming days. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is above both the MA 50 line and the MA 200 line. Thus, it could be read as bullish for the long term and the mid-term. Exponential Moving Averages (EMA). The 3 EMA lines are on an uptrend. I have replaced Stochastic with CMF to incorporate consideration of volume. Stochastic and MACD are similar w

Market Outlook of S&P500 - 13May24 1D chart for S&P500 dated 11 May 2024 (SGT) Observations: The MACD indicator is on an uptrend. Chaikin Money Flow (CMF) has crossed the zero line in the middle which implies an uptrend. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is above both the MA 50 line and the MA 200 line. Thus, it could be read as bullish for the long term and bearish for the mid-term. Exponential Moving Averages (EMA). The 3 EMA lines have converged and started an uptrend. I have replaced Stochastic with CMF to incorporate consideration of volume. Stochastic and MACD are similar with Stochastic being “more active” and more capable for “false” signals. Using a daily interval chart, Investing is recommending a “Strong Buy” r

I agree with my American friend. He mentioned that there is a forming of a double top. Would we see some corrections in the coming days? Will the run continue with minor bumps?  $S&P 500(.SPX)$

Market Outlook of S&P500 - 06May24 The MACD indicator is on a downtrend and there is a setup for a potential reversal in the common days. Chaikin Money Flow (CMF) has hit below the zero line. This can be seen as a bearish signal with more selling volume. Note that there may be a reversal in this coming up as the line moves toward the “0” line. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is above the MA 200 line and below the MA 50 line. Thus, it could be read as bullish for the long term and bearish for the mid-term. Exponential Moving Averages (EMA). The 3 EMA lines have converged and started a downtrend. The 3 EMA lines are turning sideways and there could be ranging or reversal. For the reversal to be confirmed, the 3 EMA lines need

Market Outlook of S&P500 - 29Apr24 Technical observations of the S&P500 1D chart: The MACD indicator is on a downtrend and there is a setup for a potential reversal in the common days. Chaikin Money Flow (CMF) has hit below the zero line. This can be seen as a bearish signal with more selling volume. Note that there may be a reversal in this coming up as the line moves toward the “0” line. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is above the MA 200 line and below the MA 50 line. Thus, it could be read as bullish for the long term and bearish for the mid-term. Exponential Moving Averages (EMA). The 3 EMA lines have converged and started a downtrend. I have replaced Stochastic with CMF to incorporate consideration of volume. Stoc