Technical analsyis for S&P500 with over 20 indicators and candlestick patterns (03Feb2025)
Market Outlook of S&P500 - 03Feb2025
Observations:
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The MACD indicator is showing an uptrend.
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Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is above both the MA50 line and the MA200 line. This implies a bullish outlook for both the mid-and long-term.
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The 3 Exponential Moving Averages (EMA) lines are showing an uptrend.
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Chaikin’s Monetary flow (CMF) shows an uptrend.
Using 1D intervals, the technical analysis shows a “Strong Buy” rating for the S&P 500. 19 indicators show a “Buy” rating. 3 indicators show a “Sell” rating.
The latest candlestick patterns are showing a mixture of bullish and bearish signals.
From the above, the S&P500 should go up in the coming week. (The tariff war started by the USA with Mexico, Canada and China is likely to bring some volatility.)
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