(Part 2 of 4) - Market outlook of S&P500 (02Feb2026)
Market Outlook of S&P500 (02Feb2026)
Technical Analysis Overview
MACD Indicator
The Moving Average Convergence Divergence (MACD) indicator has completed a top crossover, which implies a bearish outlook.
Moving Averages
The price action, as depicted by the candlesticks, is currently situated above both the 50-day and 200-day moving average (MA) lines. This positioning indicates a bullish trend in both the short-term and long-term outlooks. Furthermore, both the 50 MA and the 200 MA are trending upward, reinforcing the positive trend.
Exponential Moving Averages (EMAs)
The three Exponential Moving Averages (EMA) lines have yet to converge. We can expect a change from the current bullish trend after the 3 lines have completed their overlap. Currently, EMA is suggesting a more bullish outlook.
Chaikin Money Flow (CMF)
The Chaikin Money Flow (CMF) currently registers at 0.09 and is also trending upward. This reading indicates that there is more buying pressure than selling, especially after crossing the middle “0” line.
More Technical Analysis
Based on the daily interval, 14 indicators display a “Buy” rating, while 5 display a “Sell” rating. This leads to a “Buy” rating based on the daily interval.
CNN Fear & Greed Index
The market has risen into the “Greed” region, with an index score of 58 (up from last week’s score of 53).
The market continues to trend towards the “Greed” region, as per the chart above.
Based on the data above, I lean towards a more “bearish” outlook in the coming week.
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