The S&P fell at the open reaching 3849. Up until 2:00 PM, buyers tried to hold the market above 3850 but failed. The SPX fell for the final two hours of trading and ended the day at 3854.
The saga of the kidney stone continues and today was spent taking a cocktail of meds to help recover. Doctors today advised it will take some time for the stone to pass.
Therefore I won’t be writing a lot for Tuesday and just outlining trades I am planning to enter.
Stock Market Outlook Chart Comments At The Close on Mon Jul 11 2022
There is no chart tonight but the chart looks bearish for Tuesday. The MACD up signal remains intact but the Moving Average Convergence / Divergence (MACD) indicator is pointing to some weakness for Tuesday.
Momentum turned negative and the Ultimate Oscillator moved lower after breaking through to overbought levels during the morning.
The Slow Stochastic is pointing lower as is the Relative Strength Index (RSI) indicator.
The rate of change is dipping back after reaching overbought signals.
Outlook for Tue Jul 12 2022
For Tuesday the S&P index technical indicators are indicating that the market will move lower again on Tuesday. The Bollinger Bands Squeeze is well underway and looks steady to send the index back lower. We will know more after the close on Tuesday.
Support and Resistance Levels To Be Aware Of:
4200 is light resistance
4150 is light resistance
4100 is light resistance
4050 is light resistance
4025 is light resistance
4000 is strong resistance
3975 is light resistance and is a decline of 17.5%
3900 is light resistance and is a decline of 19%
3850 is light resistance and is a decline of 20%
3825 is light support
3800 is good support.
3775 is light support
3750 is light support
3730 is light support
3700 is good support
3675 is light support
3650 is light support
3625 is light support
3600 is good support and is a decline of 25%
Stock Market Outlook Archives
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Morning Investing Strategy Notes for Tue May 5 2026

Stock Market Outlook For Tue May 5 2026 – Overbought and Lower

Morning Investing Strategy Notes for Mon May 4 2026

Stock Market Outlook For Mon May 4 2026 – Dips Likely With Possible Lower Close

Morning Investing Strategy Notes for Fri May 1 2026

Stock Market Outlook For Fri May 1 2026 – Overbought But Higher

Morning Investing Strategy Notes for Thu Apr 30 2026

Stock Market Outlook For Thu Apr 30 2026 – Dips Likely Possible Lower Close

Morning Investing Strategy Notes for Wed Apr 29 2026

Stock Market Outlook For Wed Apr 29 2026 – Choppy But Higher Ahead Of More Earnings

Morning Investing Strategy Notes for Tue Apr 28 2026

