To The Moon

Market outlook 1D chart of S&P 500 Marfrom the chart above, we have the following observations: The stochastic indicator looks to be bottoming up over the coming days. The MACD indicator looks to be on a downtrend The exponential moving averages (EMA) lines have converged and look to be starting a downtrend. Then moving averages (MA) lines are sending various signals. The MA200 line (long term) looks to be on a downtrend. The recent candles have cut the MA50 lines from above and look to be pointing to a bearish trend too. With increasing volume in the last few days of the week, it does imply that there is increased strength in the ongoing trend. From the above, it does point to a more bearish outlook in the coming days. With Stochastic nearing bottom, we may see some "rallies" but the short-term trend remains to be more bearish - where the magnitude of drop should exceed the magnitude of the rallies. We are expecting more challenging times ahead with crises in fuel, food and finance. The current extreme drought is expected to affect also the cropping of the current & coming harvest. With Russia's interrupted gas supplies into Europe, we will expect much more disruption and inflationary effects to hit the markets. For now, let us continue to remain prudent. Let us spend within our means, and invest with what we can afford to lose. We should also set aside some "cash for crash" to buy into great companies at good discounts. $S&P 500(.SPX)$ @TigerStars