To The Moon

Market Outlook of S&P500 (03Nov25)

Technical observations:

• MACD analysis indicates a bullish trend.

• The Exponential Moving Averages (EMA) are aligned in an uptrend, which supports a bullish outlook. The 3 EMA lines may start converging.

• Both the 50-period and 200-period Moving Averages (MA) are showing an uptrend, suggesting a bullish market sentiment in both the short and long term.

• The Chaikin Money Flow (CMF) is positive at 0.07, indicating an influx of buying volume over the last 20 periods. We recognise that the buying momentum is weakening, as seen from the downward trend of the CMF chart.

For the S&P 500 daily interval, 21 technical indicators recommend a strong buy, while only one suggests a sell.

Candlestick outlook

Short-Term Outlook (Next Week)

Bullish with caution. Expect consolidation or a minor pullback to 6,700–6,750 support amid the Engulfing Bearish signal; a break above 6,900 could target 7,000. Volume and RSI (~72, overbought) will determine if momentum holds.

Long-Term Outlook - Bullish.

The uptrend since May remains intact, with 29% gains from lows and potential for 7,000+ by year-end, driven by tech/AI and Fed easing. Watch for sustained closes above 6,800 to invalidate bearish risks.

Conclusion

Given the data above, the S&P 500 should lean towards a “bullish” outlook in the coming week.

@TigerStars

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