Today’s Market Outlook:
With slightly below-average volume and range, the S&P 500® broke a six-day streak of moving higher intraday from its open to its closing price. The S&P closed below Friday’s low. As a result, its momentum line dropped to extreme lows with the near-term line moving into the chart’s lower half. The intermediate line is still slightly rising in the upper-reversal zone. And, the long-term Market Sentiment line is slightly falling at the low end of bullish territory. As usual, all the Market Forecast charts appear similar to each other.
Please LIKE tonight’s Market Outlook video on Twitter and Facebook below:
01/30/23 - Here's the intro of today's #MarketOutlook video from @MarketScholars— David Settle, CMT (@davidsettle42) January 31, 2023
Watch the full video for free here: https://t.co/GfItjn2OWk
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