Why have over 20 indicators have pointed to a bullish run? preview of S&P500 - 17Feb2025
Market Outlook of S&P500 - 17Feb2025
Observations:
-
The MACD indicator is showing an uptrend. A top crossover is expected soon.
-
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.
-
The 3 Exponential Moving Averages (EMA) lines are showing an uptrend.
-
Chaikin’s Monetary flow (CMF) shows an uptrend.
The S&P500 has risen 21.57% from a year ago.
From the S&P500 Technical Analysis, Investing dot com recommends a “Strong Buy” rating based on the following technical indicators.
Of the 20 indicators, all of them are showing a “Buy” rating with none 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 expect a reversal (a downtrend) in the coming days.
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.
- JackQuant·02-17TOPThanks for the insights 😀😀1Report
- kookieman·02-17Great analysis1Report
