Can S&P500 have a bullish run this week - S&P500 outlook for week of 10Feb2025
Market Outlook of S&P500 - 10Feb2025
Observations:
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The MACD indicator is showing an uptrend. A top crossover is expected soon.
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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.
The S&P500 has risen 19.88% from a year ago.
From the S&P500 Technical Analysis, Investing dot com recommends a “Buy” rating based on the technical indicators. From the 17 indicators, 13 of them are showing a “Buy” rating whereas 4 are showing a “Sell” rating.
From the recent candlestick patterns, we noticed that there are “more” bearish patterns.
From the above, the S&P500 should go up in the coming week but we are expecting a reversal (that is a downtrend) in the coming days.
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- EVBullMusketeer·02-11Good Job!LikeReport
