To The Moon

Market Outlook of S&P500 - 24 Mar 2025

S&P500 chart as of 22 Mar 2025

Volume tells of the momentum of the trend. The average volume is over 4.6 B, and the latest volume on 21st March 2025 is 9.6 B. This suggests a strong momentum for the trend.

Observations:

• The MACD indicator is about to experience a bottom crossover, a reversal from the downtrend to an uptrend.

• Moving Averages (MA). The MA50 line has started a downtrend, while the MA200 line is on an uptrend. This implies a downtrend in the mid-term and a bullish in the long term.

• Candle. The last candle is below the MA50 and MA200 lines, implying a bearish outlook for the medium and long term.

• The 3 Exponential Moving Averages (EMA) lines are showing a downtrend. Two of the EMA lines are about to converge and this implies a potential change from the current downtrend.

• Chaikin’s Monetary Flow (CMF) shows a downtrend (below the 0 line).

Using technical indicators and Moving Averages, Investing.com has a “Strong Sell” rating for the S&P 500 (using daily intervals). Fourteen indicators show a “Sell” rating, compared to only five with a “Buy” rating.

Here are the indicators’ details.

The candlestick patterns above point to a more “bearish” outlook.

With the above information, I lean towards a bearish outlook in the coming days though we can expect some recovery.

@TigerStars

$S&P 500(.SPX)$

$SPDR S&P 500 ETF Trust(SPY)$