20 indicators have spoken about Market Outlook of S&P500 - 09Dec24
Market Outlook of S&P500 - 09Dec24
Observations:
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The MACD indicator is showing an uptrend.
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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.
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The 3 Exponential Moving Averages (EMA) lines are on an uptrend.
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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.
From the 20 indicators, all are pointing to a “Strong Buy” rating for the S&P500 (for Daily interval). 21 indicators recommend a “Buy” and none recommend a “Sell”.
From the candlestick pattern, the latest seems to point to a more “bearish” outlook.
From the above, the S&P500 should continue its uptrend but we see falling momentum from this bullish run.
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- NewmanGray·12-09Your analysis is thoroughLikeReport