Market Outlook 28Nov22 (S&P500)

Market Outlook 28Nov22 (S&P500)

1D chart of S&P500 as of 26Nov22

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.

@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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  • GoodLife99
    ·2022-11-28
    GoOD! continue up trend even with a reversal sometimes is just normal
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    • GoodLife99Replying toKYHBKO
      [Like] [Bless]🌈🍀
      2022-11-28
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    • KYHBKOReplying toGoodLife99
      Yes. Let us not lose hope.
      2022-11-28
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    • GoodLife99Replying toKYHBKO
      still hoping for the best [Glance]
      2022-11-28
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  • FrankRebecca
    ·2022-11-27
    Thanks for sharing and have a nice trip next week. let's see Bullish trend.
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    • KYHBKO
      All the best for the coming week
      2022-11-28
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  • CaesarHicks
    ·2022-11-27
    Still need to be catious before release of macro data next week.
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    • KYHBKO
      I recommend that we monitor the market
      2022-11-28
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  • PenelopeHood
    ·2022-11-27
    Ok still hope there will be uptrend next week.
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    • KYHBKO
      Still possible
      2022-11-28
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  • Jccc
    ·2022-11-28
    earnings
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  • ruiping88
    ·2022-11-28
    k
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  • 孔团子
    ·2022-11-28
    Reply
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  • Wealthliner
    ·2022-11-28
    nice
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  • Saras
    ·2022-11-27
    👍🏼
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  • 疯狂虎
    ·2022-11-27
    [财迷]
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  • Taylee
    ·2022-11-27
    👍
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  • BGTAN
    ·2022-11-27
    ok
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  • kokwah
    ·2022-11-27
    T
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  • STARBUY
    ·2022-11-27
    ok
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  • Lcc73
    ·2022-11-27
    Like
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  • Cam20
    ·2022-11-27
    [Cool]
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  • Elvio
    ·2022-11-27
    Good
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  • phyllinda
    ·2022-11-27
    ok
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  • Cyberboyz
    ·2022-11-27
    Ok
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  • Golobee
    ·2022-11-27
    [smile]
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