To The Moon

Market Outlook (S&P500)

Legend: MA - Moving Average, EMA - Exponential Moving Average

1D Chart of S&P500 as of 08Jan2023 (1 year)

Technical Analysis (1D S&P500):

• The stochastic indicator shows an uptrend.
• The MACD indicator looks to have a crossover soon, meaning that it looks to reverse from the current downtrend soon. Let us monitor this for the coming days.
• The candles are under MA50 & MA200 lines. This implies that the current is still bearish for both the mid & long-term.
• The MA50 line is on an uptrend (for the mid-term) and the MA200 line is on a downtrend (for the long-term).
• The EMA lines are turning sideways and remain spread out. They should be converging if the current trend continues. When the EMA lines converge, this will complete the cycle of reversal.

From the indicators, there seems to be a reversal from the recent downtrend soon.

@TigerStars

$S&P 500(.SPX)$