Prior Trading Day Summary
On Fri Aug 8 2025 the SPX ended the day up 49 points to close at 6389. For the week, despite analysts’ predictions of a pullback starting for August, the index closed up 151 points marking the strongest week for stocks since the final trading week of June.
The NASDAQ rose 207 points on Friday, closing at 21450. Intraday it may a new all-time high of 21,464. For the week the NASDAQ gained 800 points. That too was the best week since the last week of June when the NASDAQ gained 826 points.
With more earnings ahead this week along with further stats on inflation, the second week of August could be rocky.
Lets review the closing technical indicators from Fri Aug 8 2025 to see what they predict for Mon Aug 11 2025.
Stock Market Outlook: SPX Closing Chart For Fri Aug 8 2025
The index closed above the 21 day moving average and near the Upper Bollinger Band. This is bullish.
The closing candlestick is bullish for Monday.
The 21 day moving average is rising and closed at 6321 which is bullish.
The 50 day moving average is rising and closed at 6177 which is bullish.
The 100 day moving average is rising and closed at 6035 which is bullish.
The 200 day moving average is rising and closed at 5873 which is bullish.
The Lower Bollinger Band is turning sideways which is bullish. The Upper Bollinger Band is moving higher which is bullish. The Bollinger Bands Squeeze while still in play, looks like it may end this week with stocks moving higher.
The SPX chart is more bullish than bearish for Monday.
SPX Stock Market Outlook review of Fri Aug 8 2025
Stock Market Outlook: Technical Indicators Review
Momentum: Momentum is rising but still negative..
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MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued a down signal on Tue Jul 15. On Fri Aug 8 2025 the down signal lost more strength.
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Ultimate Oscillator: The Ultimate Oscillator is rising.
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Slow Stochastic: The Slow Stochastic has an up signal in place.
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Relative Strength Index: The RSI signal is rising.
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| Rate of Change: The rate of change signal is rising signaling a higher close for Monday. 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 |
| 6400 is resistance |
| 6390 is resistance |
| 6365 is resistance |
| 6350 is resistance |
| 6325 is resistance |
| 6300 is resistance |
| 6250 is resistance |
| 6225 is resistance |
| 6200 is resistance |
| 6175 is resistance |
| 6150 is resistance |
| 6125 is resistance |
| 6100 is support |
| 6075 is support |
| 6050 is support |
| 6025 is support |
| 6000 is support |
| 5990 is support |
| 5975 is support |
| 5950 is support |
| 5925 is support |
| 5900 is support |
Stock Market Outlook for Mon Aug 11 2025
For Monday, stocks are set to push higher ahead of Tuesday’s consumer price index estimated. Tuesday before the open will give us a clearer picture of inflation and subsequently, when interest rates could be cut.
Stocks are strongly positioned to move higher and close higher today as the outlook is for some choppy trading but still quite bullish.
Potential Economic and Political Market Moving Events
Monday:
No reports