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Market Impact: 0.35

S&P 500: Still In The Early Stages (Technical Analysis)

Market Technicals & FlowsInvestor Sentiment & Positioning

The S&P 500 technical picture has shifted to neutral/bearish, with June printing a bearish bar and the index closing below the 50-day simple moving average. The near-term downside target is 7197, while any rebound is expected to form lower highs, signaling limited upside in the near term.

Analysis

The S&P 500 technical picture has shifted to neutral/bearish, with June printing a bearish bar and the index closing below the 50-day simple moving average. The near-term downside target is 7197, while any rebound is expected to form lower highs, signaling limited upside in the near term.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.25

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