(Part 3 of 5) - S&P500 outlook (23Feb2026)
Market Outlook of S&P500 (23Feb2026)
Technical Analysis Overview
MACD Indicator
The Moving Average Convergence Divergence (MACD) indicator is on a downtrend, implying a bearish outlook.
Moving Averages
The price action, as depicted by the candlesticks, is currently situated above the 200-day moving average (MA) lines. The last candle is sitting on the 50-day moving average (MA) line. This positioning indicates a bullish trend in the long-term outlook and a potential change in trend in the short-term. Both the 50 MA and the 200 MA lines are trending upward, reinforcing the positive trend.
Exponential Moving Averages (EMAs)
The three Exponential Moving Averages (EMA) lines are showing a bearish outlook.
Chaikin Money Flow (CMF)
The Chaikin Money Flow (CMF) currently registers at 0.09. This reading indicates that there is more buying momentum than selling, especially after crossing the middle “0” line.
More Technical Analysis
Using 18 technical indicators, a “Neutral” outlook is proposed. 13 indicators show a “Buy” rating and 5 show a “Sell” rating.
CNN Fear & Greed Index
The Fear & Greed Index shows a “Fear” rating with a score of 43. This is an improvement from the previous weekly rating of 36 “Fear”.
Weighing the above, I lean towards a “bearish” outlook. There is a potential for a market trend reversal.
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.
