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Market outlook for the week starting 20Mar2023
@KYHBKO：
Market Outlook - 20 Mar 2023 S&P500 1D chart Technical observations of the S&P500 1D chart: The stochastic indicator points to an uptrend though there could be a reversal to a downtrend. The MACD indicator points to a downtrend but we may expect a cross-over (reversal) soon. 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 cutting the MA200 line, this can be interpreted as a downtrend in both the mid-term and bullish for the long-term. Exponential Moving Averages (EMA). The lines are pointing downwards, implying a downtrend. Now, let us add some more technical indicators for the 1D S&P500 chart: Most of the signals point to a bearish outlook, recommending “Strong Sell” as per the investing dot com technical indicators above. As such, it is likely that the market remains bearish based on the above technical indicators. @TigerStars $S&P 500(.SPX)$
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