Today’s Market Outlook:
On a fourth straight day of strong trading volume and above-average range, the S&P 500® closed nearly 27 points lower for its fifth loss in the past seven trading sessions. The intermediate line remains in the lower-reversal zone with long-term Market Sentiment fluctuating slightly higher and lower just under bullish territory. The two short-term lines diverged with the momentum line dropping slightly towards bearish levels but the near-term line came close to overbought territory. The near-term line for the NASDAQ 100® spiked to extreme highs with long-term line easily moving higher above the 65th percentile.
Please LIKE tonight’s Market Outlook video on Twitter and Facebook below:
03/15/23 - Here's the intro of today's #MarketOutlook video from @MarketScholars— David Settle, CMT (@davidsettle42) March 15, 2023
Watch the full video for free here: https://t.co/yPKKWSGi5i
Discussed: $SPY $IWM $VIX $DIA $QQQ $EEM $EFA $GLD $TLT $USO $UUP $BTC $XLF $XLI $XLU $XLK $XLE $XLE $NUE $ADBE $JPM $SBNY $SIVB $OXY… https://t.co/RvCiO6c9pW pic.twitter.com/JzR6pT4tnv
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