(Part 3 of 4) - S&P500 outlook (06Jul26)
Market Outlook of S&P500 (06Jul2026)
Technical Analysis Overview
MACD Indicator
The Moving Average Convergence Divergence (MACD) indicator for the S&P 500 is on a downtrend, and a reversal can be in the works.
Chaikin Money Flow
The Chaikin Money Flow (CMF) stands at -0.04, indicating the market has more selling momentum than buying.
Moving Averages
Examining the moving averages, the most recent price action shows the last candlestick has been above the 50-day moving average (MA50) and the 200-day moving average (MA200). This pattern indicates a bullish shift in both the short and long term. Notably, both the MA50 and MA200 lines have begun to trend upwards, which indicates a bullish outlook in both the short and long term.
Exponential Moving Averages
The exponential moving average (EMA) lines are showing a bullish outlook.
Other Technical Analysis
Based on the daily interval, technical analysis recommends a “Strong Buy” with all 21 indicators showing a “Buy” rating. There are no indicators showing a “Sell” rating.
CNN Fear & Greed Index
With a score of “32”, the CNN’s Fear & Greed index is suggesting that the general market sentiment is “Fear”. This is an improvement from the “Extreme Fear” sentiment from the previous week.
Weekly Outlook
The bottom crossover of the MACD is yet completed. Based on the above, the S&P500 should continue to be Bearish entering the new week with the possibility of a reversal.
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- fuzzyoo·07-06 17:13MACD reversal failing is my base case, CMF below zero keeps the sell pressure honestLikeReport