(Part 3 of 5) - S&P500 technical analysis (06Apr2026)

Market Outlook of S&P500 (06Apr2026)

Technical Analysis Overview

MACD Indicator

The Moving Average Convergence Divergence (MACD) indicator for the S&P 500 has completed a bottom cross-over, and this can be the start of an uptrend.

Chaikin Money Flow

The Chaikin Money Flow (CMF) stands at -0.27, indicating there is more selling momentum than buying pressure in the market.

Moving Averages

Examining the moving averages, the most recent price action shows the last candlestick has moved below the 50-day moving average (MA50) and the 200-day moving average (MA200). This pattern indicates a bearish shift in both the short and long term. Notably, the MA50 line has begun to slope downward for the first time in recent months, raising the possibility of a “death cross” forming—a bearish technical pattern where the MA50 crosses below the MA200. This development reinforces the view of a weakening short-term outlook.

Exponential Moving Averages

Further confirmation of bearish sentiment comes from the exponential moving average (EMA) lines, which are also trending downward. This reinforces the expectation of continued pressure on the index in the near future.

Other Technical Analysis

The Technical Analysis using the “Daily Interval” shows a “Sell” rating. 5 indicators recommend a “Buy” rating and 12 indicators recommend a “Sell” rating.

CNN Fear & Greed Index

The market sentiment remains in the zone of “Extreme Fear” with a score of 19. While it is an improvement from last week’s score of 15, the market continues to reflect a “fearful” sentiment.

Weekly Outlook

Considering the above, the overall technical picture leans towards a (slightly) bullish outlook for the S&P 500 in the coming week.

@TigerStars

$SPDR S&P 500 ETF Trust(SPY)$

$Vanguard S&P 500 ETF(VOO)$

$Cboe Volatility Index(VIX)$