240910 Market Outlook
The 
SPX market turns sluggish with the last day closing price is within the prior day candlestick.
Most indicators show mixed signals on the daily chart:
- Stochastic show strong divergence buy signal;
- RSI is neutral shuttling up and down around the level of 50 points;
- MACD Signal line show death cross of MACD line, while histogram of average size indicate medium falling power and may turn to positive. The latter need more observations.
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Major economic data release include the following statistics this week:
Inflation Rate (CPI) on Wednesday
ECB Rate Decision on Thu
PPI on Thu
Initial Jobless Claims on Thu
Michigan Consumer Sentiment on on Fri.
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Overall state of US economy is moderate that is no strong growth is on horizon, neither have no signs of recession. The 2024 is the year of negative real GDP growth rate in the US. There was a sign of weakening labor market last Friday.SPX is relentless to disturbance and still clinging upward though, showing strong consumer confidence in late 2025.
SPX market turns sluggish with the last day closing price is within the prior day candlestick. Most indicators show mixed signals on the daily chart:
- Stochastic show strong divergence buy signal;
- RSI is neutral shuttling up and down around the level of 50 points;
- MACD Signal line show death cross of MACD line, while histogram of average size indicate medium falling power and may turn to positive. The latter need more observations.
-------
Major economic data release include the following statistics this week:
Inflation Rate (CPI) on Wednesday
ECB Rate Decision on Thu
PPI on Thu
Initial Jobless Claims on Thu
Michigan Consumer Sentiment on on Fri.
----------------
Overall state of US economy is moderate that is no strong growth is on horizon, neither have no signs of recession. The 2024 is the year of negative real GDP growth rate in the US. There was a sign of weakening labor market last Friday.
SPX is relentless to disturbance and still clinging upward though, showing strong consumer confidence in late 2025. 
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