Prior Trading Day Summary:
On Mon Jun 9 2025 indexes closed slightly positive in what was a choppy session. For much of the day the SPX was trading above 6010 but the final hour saw stocks fall back. The SPX closed up just 5 points but above 6000 at 6005. Volume was 4.7 billion shares, slightly more than what was traded on Friday. 61% of volume was to the upside and 62% of all stocks were higher, despite the final hour of selling on Monday.
The NASDAQ saw its heaviest day for trading since May 29. 9.9 billion shares were traded with 75% of the volume to the upside. 59% of all stocks on the NASDAQ were rising by the close. The index was higher by 61 points to end the day at 19,591.
Lets review the technical indicators from the close on Mon Jun 9 2025 to see what we should expect for Tue Jun 10 2025.
Stock Market Outlook: SPX Closing Chart For Mon Jun 9 2025
The index closed above all major moving averages but below the Upper Bollinger Band. It is however climbing and could touch the Upper Bollinger Band today or tomorrow.
The closing candlestick is bullish for Tuesday but a long shadow in the closing candlestick indicates some selling should be expected on Tuesday.
The 21 day moving average is rising and closed at 5905 which is bullish. There are now just two down signals left from the late March and early April SPX collapse.
The 50 day moving average is rising and closed at 5636 which is bullish.
The 100 day moving average is rising and closed at 5755 which is bullish.
The 200 day moving average is rising and closed at 5688 which is bullish.
The Lower Bollinger Band is above the 100 day on Monday. This is bullish. The Upper Bollinger Band is falling which is bearish at present. We could see a Bollinger Bands Squeeze this week.
For Tue Jun 10 2025 the SPX chart is more bullish than bearish with just the closing candlestick’s shadow warning of dips likely today.
SPX Stock Market Outlook review of Mon Jun 9 2025
Stock Market Outlook: Technical Indicators Review
Momentum: Momentum is rising and positive..
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MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued a down signal on Fri May 30. The down signal was weaker on Monday.
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Ultimate Oscillator: The Ultimate Oscillator is falling.
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Slow Stochastic: The Slow Stochastic has a weak up signal in place.
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Relative Strength Index: The RSI signal is rising.
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| Rate of Change: The rate of change signal is falling signaling Tuesday 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 |
| 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 Tue Jun 10 2025
For Tuesday stocks should open flat to slightly higher. By 10:00 watch for some selling and a possible dip. Buyers should step back in and any dips today should be short-lived.
The day will end slightly higher.
Potential Economic and Political Market Moving Events
Monday:
10:00 Wholesale inventories were better than estimated, coming in at 0.2% versus 0.4% prior
Tuesday:
6:00 NFIB optimism index is estimated to rise to 96 from 95.8 prior.
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