Prior Trading Day Summary:
On Fri Jun 13 2025 stocks dipped as Israel and Iran traded attacks which unnerved investors and pushed the price of oil higher.
The SPX closed down 68 points to close at 5976. The index lost 23 points on the week, which is a small loss considering the events on Friday.
The NASDAQ closed down 255 points on Friday to end the week at 19406. The index lost 123 points for the week.
Overall markets held up well despite the attacks between the two countries and the threats of escalation of the conflict.
Lets review the SPX technical indicators from the close on Fri Jun 13 2025 to see what we should expect for Mon Jun 16 2025.
Stock Market Outlook: SPX Closing Chart For Fri Jun 13 2025
The index closed above all major moving averages and touched the 21 day but bounced above it.
The closing candlestick is bearish for Monday. The candlestick shows shadows both top and bottom of the candlestick. This indicates a strong chance of a dip and an equally strong chance any dip will find ready buyers.
The 21 day moving average is rising and closed at 5943 which is bullish. There are now just two down signals left from the March 7 and Mar 14.
The 50 day moving average is rising and closed at 5667 which is bullish. The 50 day is turning higher toward the 200 day and could move above it this week.
The 100 day moving average is rising and closed at 5775 which is bullish.
The 200 day moving average is rising and closed at 5701 which is bullish.
The Lower Bollinger Band is above the 100 day and moving sideways. The Upper Bollinger Band is moving higher within the Bollinger Bands Squeeze but showing signs of turning back lower. At present it looks like the index could fall back as the squeeze continues this week.
For Mon Jun 16 2025 the SPX chart is more bearish than bullish.
SPX Stock Market Outlook review of Fri Jun 13 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 Fri May 30. The down signal gained more strength on Fri Jun 13 2025.
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Ultimate Oscillator: The Ultimate Oscillator is falling.
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Slow Stochastic: The Slow Stochastic has a down signal in place.
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Relative Strength Index: The RSI signal is falling.
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| Rate of Change: The rate of change signal is falling signaling Monday will end lower. 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 |
| 6050 is resistance |
| 6025 is resistance |
| 6015 is resistance |
| 6000 is resistance |
| 5990 is resistance |
| 5975 is resistance |
| 5950 is resistance |
| 5925 is resistance |
| 5900 is resistance |
| 5850 is resistance |
| 5800 is support |
| 5785 is support |
| 5750 is support |
| 5700 is support |
| 5650 is support |
| 5630 is support |
| 5600 is support |
| 5550 is support |
| 5500 is support |
| 5475 is support |
Stock Market Outlook for Mon Jun 16 2025
For Mon Jun 16 2025 stocks look set to fall lower by the close. The strength of the uptrend has eroded but the bulls are still waiting for signs that a rally can be restarted. Until then don’t expect stocks to move higher and hold higher. The signals advise investors to stay cautious and prepare for Monday to end lower.
Potential Economic and Political Market Moving Events
Monday:
8:30 Empire State manufacturing survey is estimated to rise to -6.0 from -9.2 prior
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