Prior Trading Day Summary
On Mon Jul 27 2026 stocks had another choppy session despite a winding down of tensions with Iran and a decline in oil prices.
The SPX gained 1 points to close at 7413 on 5.1 billion shares traded. By the close 61% of stocks were rising.
The NASDAQ lost 43 points to 24,932. Volume was 8 billion shares traded. The close saw 60% of stocks rising.
Let’s review the closing technical indicators from Mon Jul 27 2026 to see what to expect for Tue Jul 28 2026.
Stock Market Outlook: SPX Closing Chart For Mon Jul 27 2026
The index ended the day below both the 21 day and 50 day moving averages which is bearish.
The closing candlestick has a long shadow pointing to a probable bounce attempt for Tuesday.
The 21 day moving average is rising and closed at 7486. It is still near the 50 day moving average.This is bearish.
The 50 day moving average is falling and closed at 7471. This is bearish.
The 100 day moving average is rising and closed at 7264. This is bullish.
The 200 day moving average is rising and closed at 7019. This is bullish.
The Lower Bollinger Band is rising. The Upper Bollinger Band is falling. The Bollinger Bands Squeeze signaling stocks may fall out of the Bollinger Bands Squeeze.
The SPX chart is more bearish than bullish for Tue Jul 28 2026.
SPX Stock Market Outlook review of Mon Jul 27 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 Fri Jul 17 2026. On Mon Jul 27 2026 the down signal gained strength.
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Ultimate Oscillator: The Ultimate Oscillator is rising which is bullish.
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Slow Stochastic: The Slow Stochastic has a down signal in place. It is at oversold levels.
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Relative Strength Index: The RSI signal is rising which is bullish and points to a probable bounce.
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| Rate of Change: The rate of change is rising which is bullish. 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 support |
| 7350 is support |
| 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 |
Stock Market Outlook for Tue Jul 28 2026
For Tuesday the technical indicators are a bit stronger to the bullish side although the S&P chart is more negative than bullish. Signals point to a second bounce attempt today with a higher close to the day. The MACD technical indicator is still holding a down signal and it gained more strength on Monday. This is one of the more accurate technical signals. Until we see the down signal weaken, any move higher remains suspect. Tomorrow we get the latest interest rate decision from the Fed. I will be putting together a trade today ahead of that decison.
Potential Economic and Political Market Moving Events
Monday:
8:30 Durable goods for Jun came in lower than estimates at 0.3%
Tuesday:
8:30 Advance Economic Indicators for July
8:30 Wholesale inventories for June are estimated to rise to 0.3%
8:30 Retail inventories for June are estimated to rise to 0.6%
9:00 S&P Cotality Case-Shiller Home SPX Index for May is estimated at 1.1%
10:00 Conference Board Consumer Confidence for July is estimated at 92
Wednesday:
2:00 PM US Interest rate decision – estimates are no change in interest rates