Can the S&P500 continue its surge into this week (20Jan25)?

KYHBKO
01-19

Market Outlook of S&P500 - 20Jan2025 > what 25 indicators say

Observations:

  • The MACD indicator is showing an uptrend with a recent bottom crossover.

  • 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 about to converge, implying a coming reversal to an uptrend.

  • Chaikin’s Monetary flow (CMF) shows a downtrend.

S&P500 has gained 23.9% from a year ago. Based on Technical (daily intervals), investing is recommending a “Strong Buy” rating.

From the above, there are 17 indicators with a “Buy” rating whereas there are 3 indicators with a “Sell” rating. This results in a “Strong Buy” rating from investing.

We should take note that there are also a few indicators signalling “overbought” - that suggest some selling in the coming days.

Based on the latest candlestick, it seems to point to a bullish outlook.

From the above, the S&P500 is likely to rise in the coming days.

@TigerStars

$.SPX(.SPX)$

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

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.

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