To The Moon

Market Outlook - 27 Mar 2023 1D chart of S&P500 as of 27 Mar 2023 Technical observations of the S&P500 1D chart: The stochastic indicator just completed a top crossover, implying the start of a dwontrend. The MACD indicator has completed a bottom crossover, implying an uptrend. Moving Averages (MA). The MA50 line implies an uptrend in the mid-term. The MA200 line implies a downtrend in the long term. With the last candle under the MA50 line and above the MA200 line, this can be interpreted as a downtrend in the mid-term and an uptrend for the long-term. Exponential Moving Averages (EMA). The lines are going sideways there is a potential converging coming. This still points to a downtrend. Now, let us add some more technical indicators for the 1D S&P500 chart: Technical Analysis of S&P500 1D chart Moving Averages point to a “BUY” signal and technical indicators point to a “SELL” signal. Overall, we have a total 12 indicating “buy”, 7 indicating "sell” and 3 being neutral. We can expect the market to lean more towards buy. However, the market can also be affected by macro factors, geopolitical events and other matters. Let us monitor this closely. In absence of strong evidence, not buying can be a good trade too. @TigerStars $S&P 500(.SPX)$