Prior Trading Day Summary
On Fri Jun 12 2026 stocks continued to advance but at a slower pace than on Thursday.
The S&P moved up 37 points to end the day at 7431. Volume rose to 5.80 billion shares traded with 66% of all volume being traded higher intraday. By the close 64% of stocks were rallying on the SPX. For the week, the SPX was up 47 points.
The NASDAQ rose a modest 79 points to close at 25,888. Volume rose to 10.6 billion shares with 51% of all stocks rising by the close. The index was up 179 points for the week.
With news of an agreement to end the Iran conflict stocks were moving higher in Asia and Europe before opening in North America.
Let’s review the closing technical indicators from Fri Jun 12 2026 to see what they predict for Mon Jun 15 2026.
Stock Market Outlook: SPX Closing Chart For Fri Jun 12 2026
The index closed below the 21 day moving average but above the Lower Bollinger Band. This is still bearish but the outlook is for the rally to continue and move the index above the 21 day on Monday.
The closing candlestick is bullish for Monday. There are shadows both top and bottom which indicates choppiness is expected for Monday.
The 21 day moving average is lower and closed at 7467. This is bearish.
The 50 day moving average is rising and closed at 7247. This is bullish.
The 100 day moving average is rising and closed at 7098. This is bullish.
The 200 day moving average is rising and closed at 6862. This is bullish.
The Lower Bollinger Band is falling which is bearish. The Upper Bollinger Band is turning sideways which is bullish.
The SPX chart is more bullish than bearish for Mon Jun 15 2026.
SPX Stock Market Outlook review of Fri Jun 12 2026
Stock Market Outlook: Technical Indicators Review
Momentum: Momentum is rising and negative. This is bearish.
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MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued a down signal on Tue May 19 2026. On Fri Jun 12 2026 the down signal lost strength.
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Ultimate Oscillator: The Ultimate Oscillator is rising. A move still higher is anticipated. This is bullish.
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Slow Stochastic: The Slow Stochastic has an up signal in place. It is oversold and at levels which a higher move is expected. This is bullish.
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Relative Strength Index: The RSI signal is rising and bullish.
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| Rate of Change: The rate of change is rising, signaling today will end higher. 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 |
| 7600 is resistance |
| 7590 is resistance |
| 7570 is resistance |
| 7550 is resistance |
| 7500 is resistance |
| 7450 is resistance |
| 7425 is resistance |
| 7400 is resistance |
| 7370 is resistance |
| 7350 is resistance |
| 7300 is support |
| 7280 is support |
| 7250 is support |
| 7200 is support |
| 7175 is support |
| 7150 is support |
| 7125 is support |
| 7100 is good support |
| 7050 is good support |
| 7000 is stronger support |
Stock Market Outlook for Mon Jun 15 2026
With news of an agreement to end the Iran conflict, stocks overseas were rising prior to our markets opening. We should see out markets move higher, but dips are still possible. Don’t be surprised if the index rallies but then dips back a bit as investors wait for a signing of the peace agreement and more details about what the agreement contains.
Aside from this, the technical indicators are strongly bullish and oil prices are falling sharply on news of a ceasefire and the strait of Hormuz reopening.
For Monday stocks could rally strongly early in the day but then cut back on any large rally. SpaceX stock could dip intraday but then close higher.
Potential Economic and Political Market Moving Events
Monday:
8:30 Empire State manufacturing survey for June is expected to drop to 13.9 from 19.8 prior
9:15 Industrial production for May is estimated to drop to 0.3% from 0.7% prior
10:00 Home builder confidence is estimated unchanged for June at a low 37
Tuesday:
8:30 May import price index is estimated to fall to 0.8% from 1.9% prior
8:30 Housing starts for May are estimated to have fallen to 1.41 million from 1.47 million prior
8:30 Building permits for May are estimated to have fallen to 1.42 million from 1.44 million prior