Today’s Market Outlook:
Today, the S&P 500® rose more than 28 points with below-average range but strong volume. The momentum line moved higher but did not reach overbought territory. On the other hand, the near-term line stayed near the chart’s midpoint at neutral levels. The intermediate line remains in the lower-reversal zone but is moving slightly higher along with a slightly rising long-term Market Sentiment. All the major indexes are showing similar patterns on their respective Market Forecast charts.