Prior Trading Day Summary
On Mon Jun 29 2026 stocks rebounded with the Dow Jones Index setting another new record high.
The SPX closed up 86 points to 7440 on 5.9 billion shares traded. 54% of all stocks were rising by the close. New highs outpaced new lows 3 to 1.
The NASDAQ rose 522 points to close at 25,820 on 10.1 billion shares traded. By the close 59% of all stocks were rising on the index. Volume was 72% advancing by the close.
It was a strong day of recovery for both indexes.
Let’s review the closing technical indicators from Mon Jun 29 2026 to see what they predict for Tue Jun 30 2026.
Stock Market Outlook: SPX Closing Chart For Mon Jun 29 2026
The index ended the day at the 21 day moving average and back above the 50 day. This is bullish.
The closing candlestick is bullish for Tuesday.
The 21 day moving average is falling and closed at 7453. This is bearish.
The 50 day moving average is rising and closed at 7371. This is bullish.
The 100 day moving average is rising and closed at 7159. This is bullish.
The 200 day moving average is rising and closed at 6917. This is bullish.
The Lower Bollinger Band is starting to rise. The Upper Bollinger Band is starting to fall. We could be seeing a Bollinger Bands Squeeze this week.
The SPX chart is more bullish than bearish for Tue Jun 30 2026.
SPX Stock Market Outlook review of Mon Jun 29 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 29 2026 the down signal lost some 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 an up signal in place. It is turning bullish.
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Relative Strength Index: The RSI signal is rising which is bullish.
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| Rate of Change: The rate of change is rising, signaling Tuesday 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 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 |
| 7050 is good support |
| 7000 is stronger support |
Stock Market Outlook for Tue Jun 30 2026
For Tuesday stocks are positioned to move higher again. With some signals beginning to support the outlook that oil prices falling will produce lower inflation for the economy, investors were back snapping up many stocks that were heavily sold off last week.
On Tuesday dips are likely but the outlook is still for a higher close to end June.
Potential Economic and Political Market Moving Events
Monday:
No reports
Tuesday:
9:45 Chicago business barometer is estimated to dip to 55 from 62.7 prior
10:00 Conference board consumer confidence is estimated to climb to 94.2 from 93.1 prior which is a strong reading