2024 Outlook: How Will Story Unfold?

With the end of the year approaching, major institutions begin to provide outlook for US stock market in 2024. How do institutions expect for 2024? Will the bull market continue? How about expectations for inflations and rate hike? What's your attitude: Cautious or Bold?

avatarKYHBKO
2024-12-16

Technical Analysis of S&P500 (16Dec2024) - using over 20 indicators

Market Outlook of S&P500 - 16Dec24 Observations: The MACD indicator is showing a downtrend. 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 but are looking to converge (implying a potential change in trend). 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. The 20 indicators are pointing to a “Strong Buy” rating for the S&P500 (for Daily interval). 16 indicators recommend a “Buy” and 4 recommend a “Sell” rating. From the candlestick pattern, the latest seems to point
Technical Analysis of S&P500 (16Dec2024) - using over 20 indicators