Prior Trading Day Summary
On Mon Jun 15 2026 stock markets climbed as investors cheered the possible end of the Iran conflict and the decline in oil. It was a strong day with the S&P climbing 122 points to end the day at 7554. Volume rose to 5.7 billion with 54% of stocks on the SPX rising by the close.
The NASDAQ rose over 3% for a 795 point gain to close at 26,684. Volume rose to 11.1 billion with 57% of all stocks rising by the close.
With many analysts and investors unsure of the peace deal we could see some dips on Tuesday.
Let’s review the closing technical indicators from Mon Jun 15 2026 to see what they predict for Tue Jun 16 2026.
Stock Market Outlook: SPX Closing Chart For Mon Jun 15 2026
The index closed below the 21 day moving average but above the Lower Bollinger Band and all major moving averages. This is bullish.
The closing candlestick is bullish for Tuesday although dips are likely.
The 21 day moving average is rising and closed at 7470. This is bullish.
The 50 day moving average is rising and closed at 7267. This is bullish.
The 100 day moving average is rising and closed at 7107. This is bullish.
The 200 day moving average is rising and closed at 6869. This is bullish.
The Lower Bollinger Band is falling which is now bullish and the Upper Bollinger Band is rising which is bullish.
The SPX chart is bullish for Tue Jun 16 2026.
SPX Stock Market Outlook review of Mon Jun 15 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 Mon Jun 15 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. 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 Tue Jun 16 2026
Monday saw some strong gains for stocks although market breadth was not strongly bullish especially considering the points gained on the indexes. This caution by many investors is good for stocks and should help the indexes move higher.
The technical indicators are strongly bullish and oil prices are falling again.
For Tuesday stocks will see some dips but the day should end higher.
Potential Economic and Political Market Moving Events
Monday:
8:30 Empire State manufacturing survey for Juneplunged to 5.7 from 19.8 prior
9:15 Industrial production for May plunged to 0.1% from 0.9% prior
10:00 Home builder confidence for June slipped to 35 from 37 prior.
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
Wednesday:
8:30 Retail sales for May are estimated unchanged at 0.5%
10:00 Pending home sales for May are estimated to drop to 1%, down from 1.4% prior
10:00 Business inventories for April are estimated to slip to 0.5% from 0.9% prior