Market Outlook 28Nov22 (S&P500)
Market Outlook 28Nov22 (S&P500)
From the 1D chart above, here are my observations:
- The stochastics indicator is trending upwards, forming a double-top pattern. This implies a decline in the coming days.
- The MACD indicator is trending upwards with a possibility of peaking in the coming days.
- Volume is dropping over the week ~ a strength that the current (uptrend) is weakening and thus, we should see a reversal soon.
- Moving Averages (MA). MA50 looks to be going sideways and thus, a reversal maybe take place in the mid-term. MA200 is pointing downwards and thus the downtrend is expected for the long term. The candles are above MA50 and lower than MA200. Thus, there is an uptrend in the midterm.
- Exponential Moving Averages (EMA). The EMA lines are still on an uptrend and are not converging as yet. This implies it is still on an uptrend.
From the technical indicators above, we are still expecting an uptrend with a reversal happening soon.
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- GoodLife99·2022-11-28GoOD! continue up trend even with a reversal sometimes is just normal1Report
- FrankRebecca·2022-11-27Thanks for sharing and have a nice trip next week. let's see Bullish trend.1Report
- CaesarHicks·2022-11-27Still need to be catious before release of macro data next week.1Report
- PenelopeHood·2022-11-27Ok still hope there will be uptrend next week.1Report
- Jccc·2022-11-28earnings1Report
- ruiping88·2022-11-28k1Report
- 孔团子·2022-11-28好1Report
- Wealthliner·2022-11-28nice2Report
- Saras·2022-11-27👍🏼2Report
- 疯狂虎·2022-11-27[财迷]1Report
- Taylee·2022-11-27👍1Report
- BGTAN·2022-11-27ok1Report
- kokwah·2022-11-27T1Report
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- Lcc73·2022-11-27Like1Report
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- Cyberboyz·2022-11-27Ok1Report
- Golobee·2022-11-27[smile]1Report