Prior Trading Day Summary
On Friday the SPX and NASDAQ indexes made new highs again.
The SPX rose 56 points to close at 7165 on 4.7 billion shares traded. 53% of all stocks were rising by the close. The SPX closed up on the week by 39 points, marking 4 straight weeks of gains.
The NASDAQ rose 398 points to close at 24,836 with 57% of stocks on the index rising on 10.2 billion shares traded. For the week the NASDAQ rose 368 points. Over the past 4 weeks the NASDAQ has risen an impressive 3886 points.
The upcoming final week of April enters a busy week of earnings with many of the biggest names on Wall Street reporting this week.
Let’s review the closing technical indicators from Fri Apr 24 2026, to see what they predict for Mon Apr 27 2026.
Stock Market Outlook: SPX Closing Chart For Fri Apr 24 2026
The index closed above all major moving averages but inside the Upper Bollinger Band for a fifth day. This is still bullish as the candlestick begins to move higher.
The closing candlestick is bullish for Monday. There is a long shadow on the candlestick which signals dips on Monday are likely, but the outlook is still higher by the close.
The 21 day moving average is rising sharply and closed at 6817. This is bullish and places the 21 day back above the 50 and 100 day moving averages.
The 50 day moving average is rising and closed at 6789. This is bullish but below the 100 day moving average.
The 100 day moving average is rising and closed at 6792. This is bullish.
The 200 day moving average is rising and closed at 6638. This is bullish.
The Lower Bollinger Band is turning higher which signals the high momentum rally is ending. The Upper Bollinger Band is rising which is bullish.
The SPX chart is more bullish than bearish and the 21 day moving average climbing above the 50 and 100 day moving averages is an excellent up signal. The week looks like another winner for the indexes.
SPX Stock Market Outlook review of Fri Apr 24 2026
Stock Market Outlook: Technical Indicators Review
Momentum: Momentum is trying to rise again. This is bullish as the overbought condition begins to erode.
|
MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued an up signal on Fri Apr 7 2026. On Fri Apr 24 2026 the up signal lost more strength. This is the 5th straight day of a declining up signal for the MACD indicator. This signal needs to be watched for any possible direction still lower.
|
Ultimate Oscillator: The Ultimate Oscillator is rising.
|
Slow Stochastic: The Slow Stochastic has an up signal in place. It is extremely overbought. It is at levels where a pullback should be expected.
|
Relative Strength Index: The RSI signal is rising and bullish.
|
| Rate of Change: The rate of change is rising and signaling a higher close is likely. Settings: Rate Of Change is set for a 21 period. This indicator looks back 21 days and compares price action from the past to the present. With the Rate Of Change, prices are rising when signals are positive. Conversely, prices are falling when signals are negative. As an advance rises, the Rate Of Change signal should also rise higher, otherwise the rally is suspect. A decline should see the Rate Of Change fall into negative signals. The more negative the signals the stronger the decline. |
Stock Market Outlook: Support and Resistance Levels |
| 7175 is resistance |
| 7150 is resistance |
| 7125 is resistance |
| 7100 is resistance |
| 7050 is resistance |
| 7000 is resistance |
| 6950 is resistance |
| 6900 is resistance |
| 6850 is resistance |
| 6830 is resistance |
| 6800 is support |
| 6780 is support |
| 6750 is support |
| 6735 is support |
| 6700 is support |
| 6675 is support |
| 6650 is support |
| 6625 is support |
| 6600 is support |
Stock Market Outlook for Mon Apr 27 2026
For Monday the technical indicators are still pointing higher for the index but the strong rally is eroding. If earnings are stronger than expected this week, we will see the SPX and NASDAQ make new highs again. For today dips are likely but a higher close is expected.
Potential Economic and Political Market Moving Events
Monday:
No reports are released