Market Outlook (S&P500) for the week starting 09Jan2023

KYHBKO
2023-01-08

Market Outlook (S&P500)

Legend: MA - Moving Average, EMA - Exponential Moving Average

1D Chart of S&P500 as of 08Jan2023 (1 year)

Technical Analysis (1D S&P500):

  • The stochastic indicator shows an uptrend.
  • The MACD indicator looks to have a crossover soon, meaning that it looks to reverse from the current downtrend soon. Let us monitor this for the coming days.
  • The candles are under MA50 & MA200 lines. This implies that the current is still bearish for both the mid & long-term.
  • The MA50 line is on an uptrend (for the mid-term) and the MA200 line is on a downtrend (for the long-term).
  • The EMA lines are turning sideways and remain spread out. They should be converging if the current trend continues. When the EMA lines converge, this will complete the cycle of reversal.

From the indicators, there seems to be a reversal from the recent downtrend soon.

@TigerStars

$S&P 500(.SPX)$  

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment（87）

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  • MyrnaNorth
    ·2023-01-09
    TOP
    WILL cool off a little bit to give 9 EMA a chance to cross over 50 EMA, then it will soar and hit $4010 after CPI. $3848 is the pivot support which is the 9 EMA.
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    • KYHBKO: 
      thanks for sharing.
      2023-01-09
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  • CrystalRose
    ·2023-01-09
    TOP
    I believe price will probably pop into the mid 3900s and we probably see 3970 at least. Or at least I think that is a realistic expectation.
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    • KYHBKO: 
      thank you for sharing. 
      2023-01-09
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  • SuccesInvst
    ·2023-01-08
    Tks for sharing and have a fruitful week ahead ✌️ Trade safely 🤩
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    • KYHBKO: 
      same to you.  have a great year in 2023
      2023-01-09
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  • BorisBack
    ·2023-01-09
    SPY,SPX,DIA been my base case all along. Up. Actually taking much longer than I thought. U.S. is strong as steel balls.
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    • KYHBKO: 
      thanks for sharing Boris.
      2023-01-09
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  • breAkdaWn
    ·2023-01-09
    tread!!! safely
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    • breAkdaWnReplying toKYHBKO: 
      thanks sir
      2023-01-09
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    • KYHBKO: 
      indeed
      2023-01-09
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  • Kaixiang
    ·2023-01-08
    Let’s see if Powell will shock the market on Tue [Thinking]
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    • KYHBKO: 
      yes, the FOMC minutes is released this week. to me, they need to remain Hawkish, just the magnitude if it. the coming CPI & jobless data will guide their decisions.
      2023-01-09
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  • Kaixiang
    ·2023-01-08
    Hopefully no “surprises” in the coming weeks
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    • KYHBKO: 
      it is hard. LOL. the market is too nervy. they may jump on every news but more importantly, we need to see the narratives from the news and the capital flow.
      2023-01-09
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  • Snoopymint
    ·2023-01-08
    Thank you for sharing
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    • KYHBKO: 
      all the best
      2023-01-09
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  • Sohtheworld
    ·2023-01-08
    Hehehehe okok i see
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  • MarLar
    ·2023-01-09
    👍
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  • ekwee75
    ·2023-01-09
    [Happy]
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  • Kellytan
    ·2023-01-08
    ok
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  • Toratoratora
    ·2023-01-08
    k
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  • themonkey
    ·2023-01-08
    ok
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  • laiho
    ·2023-01-08
    o
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  • vSup_puSv
    ·2023-01-08
    Ok
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  • haoren
    ·2023-01-08
    k
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  • Hou Boon
    ·2023-01-08
    k
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  • Juanaa
    ·2023-01-08
    .
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  • Reds2007
    ·2023-01-08
    Ok
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