What is the trend for S&P500 for the week starting 30Dec24

KYHBKO
2024-12-30

Market Outlook of S&P500 - 30Dec24

Observations:

  • The MACD indicator is showing a downtrend with a potential reversal. Let us give it time to play out.

  • Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. However, both the MA50 and MA200 lines are below the last candle, which could be read as bullish for both the mid-and long-term.

  • The 3 Exponential Moving Averages (EMA) lines are on a downtrend.

  • Chaikin’s Monetary flow (CMF) shows a downtrend.

From technical analysis (daily interval), the 20 indicators (technical & moving averages) point to a “Sell” rating. The breakdown reveals 7 indicators with a “Buy” rating and 13 indicators with a “Sell” rating.

now, let us look at candlestick patterns.

Based on the above technical analysis (1D chart), the S&P500 should be on a downtrend in the coming week.

@TigerStars

$.SPX(.SPX)$

# Pullback Starting: Time to Bottom or Sell at the High?

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Comment（3）

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  • mster
    ·2024-12-30
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    Thank you for the weekly forecast
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    • KYHBKO: 
      thank you. thankful to share. hopefully this has been helpful
      12-30 23:39
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  • Tiger_CashBoostAccount
    ·12-31 00:19
    Great job on your latest stock market success! Yourcommitment to research and analysis is evident in your results.Trade with Tiger Cash Boost Account and use contra trading toenhance your strategies."Welcome to open a CBAtoday and enjoy access to a trading limit of up to SGD 20,000with upcoming 0-commission, unlimited trading on SG, HKand US stocks. as well as ETFs.
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