Prior Trading Day Summary:
On Friday July 18 the SPX ended the day flat as investors continued to focus on tariffs as well as the ongoing feud between President Trump and Fed Chair Powell. With investors attention focused away from earnings on Friday the SPX end the day almost unchanged at 6296.
The NASDAQ closed up 10 points for a 5th straight winning day. It ended at 20895 another new high.
For the fourth week of July investors earnings reports are well underway with dozens of companies reporting. These include Tesla, Alphabet, Coca Cola, Lockheed Martin, General Motors, RTX Corp, GE Vernova, General Dynamics, IBM, Service Now and many more.
Let’s review the technical indicators at the close on Fri Jul 18 2025 to see what investors should expect for Mon Jul 21 2025.
Stock Market Outlook: SPX Closing Chart For Fri Jul 19 2025
The index closed below the Upper Bollinger Band for the 10th day.
The closing candlestick is bullish for Monday.
The 21 day moving average is rising and closed at 6191 which is bullish.
The 50 day moving average is rising and closed at 6028 which is bullish.
The 100 day moving average is rising and closed at 5927 which is bullish.
The 200 day moving average is rising and closed at 5798 which is bullish.
The Lower Bollinger Band is rising which is bullish. The Upper Bollinger Band is rising which is bullish.
The SPX chart is more bullish than bearish heading into Monday.
SPX Stock Market Outlook review of Friday Jul 18 2025
Stock Market Outlook: Technical Indicators Review
Momentum: Momentum is falling and positive.
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MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued a down signal on Tue Jul 15. On Fri Jul 18 2025 the down signal was unchanged.
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Ultimate Oscillator: The Ultimate Oscillator is falling.
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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 unchanged.
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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 |
| 6300 is resistance |
| 6250 is resistance |
| 6225 is resistance |
| 6200 is resistance |
| 6175 is resistance |
| 6150 is resistance |
| 6125 is resistance |
| 6100 is resistance |
| 6075 is resistance |
| 6050 is resistance |
| 6025 is support |
| 6000 is support |
| 5990 is support |
| 5975 is support |
| 5950 is support |
| 5925 is support |
| 5900 is support |
| 5850 is support |
| 5800 is support |
Stock Market Outlook for Mon Jul 21 2025
For Mon Jul 21 2025 we will see some weakness that will take for form of slight dips. The day will end higher as investors enter a heavy week of earnings announcements.
Any dips on Monday are opportunities to setup more trades. The SPX should end the day above 6300 with a new closing high.
Potential Economic and Political Market Moving Events
Monday:
10:00 Leading economic indicators are expected to slip slightly to -0.2% from -0.1% prior