(Part 3 of 5) - Market Outlook of S&P500 (26Jan2026) - what 20+ indicators tell us?
Market Outlook of S&P500 (26Jan2026)
Technical Analysis Overview
MACD Indicator
The Moving Average Convergence Divergence (MACD) indicator has completed a top crossover, which implies a bearish outlook.
Moving Averages
The price action, as depicted by the candlesticks, is currently situated above both the 50-day and 200-day moving average (MA) lines. This positioning indicates a bullish trend in both the short-term and long-term outlooks. Furthermore, both the 50 MA and the 200 MA are trending upward, reinforcing the positive trend.
Exponential Moving Averages (EMAs)
The three Exponential Moving Averages (EMA) lines are converging. We can expect a change from the current bullish trend after the 3 lines have completed their overlap.
Chaikin Money Flow (CMF)
The Chaikin Money Flow (CMF) currently registers at -0.03 and is also trending upward. This reading indicates that there is more selling pressure than buying, especially after crossing the middle “0” line.
More Technical Analysis
Based on the daily interval, 17 indicators display a “Buy” rating, while 2 display a “Sell” rating. This leads to a “Strong Buy” rating based on the daily interval.
CNN Fear & Greed Index
The market has fallen into the “Neutral” region, with an index score of 52 (down from 62).
The market continues to trend towards the “Neutral” region, as per the chart above.
Based on the data above, the latest top cross (daily interval) from MACD suggests a more “Bearish” tone.
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