Prior Trading Day Summary
On Tue Jul 21 2026 stocks bounced higher and recovered to close back above the 21 and 50 day moving averages.
The SPX closed up 66 points to 7509 . Trading volume was better at 5.3 billion with 61% of stocks on the index frising by the close.
The NASDAQ rose 329 points to 25,837. Volume rose t 8.4 billion shares traded. The close saw 60% of stocks rising.
While many signal are still bearish, let’s review the closing technical indicators from Tue Jul 21 2026 to see if Tuesday’s rally can stretch into Wednesday.
Stock Market Outlook: SPX Closing Chart For Tue Jul 21 2026
The index ended the day above both the 21 day and 50 day moving averages which is bullish.
The closing candlestick is bearish for Wednesday although a second bounce could still happen today.
The 21 day moving average is unchanged and closed at 7477. It is nearing the 50 day moving average.This is bearish.
The 50 day moving average is rising and closed at 7469. This is bullish.
The 100 day moving average is rising and closed at 7250. This is bullish.
The 200 day moving average is rising and closed at 7002. This is bullish.
The Lower Bollinger Band is falling. The Upper Bollinger Band is moving sideways. The Bollinger Bands Squeeze is ending but signals show stocks may dip as they move out of the Bollinger Bands Squeeze.
The SPX chart is more bearish than bullish for Wed Jul 22 2026.
SPX Stock Market Outlook review of Tue Jul 21 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 Tue Jul 21 2026 the down signal was weaker.
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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 which is bearish.
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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 unchanged which is bearish. 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 Wed Jul 22 2026
For Wednesday investors will be waiting for the earnings for Alphabet (GOOGL) and a few others but Alphabet will be the major stock to watch after hours. For that reason the outlook is still higher into the close. Dips in the morning are possible but deep ones are unlikely. Many investors are waiting for Alphabet earnings and that will keep a lot of them on the sidelines today. This is bullish for a higher close.
Potential Economic and Political Market Moving Events
Monday:
10:00 Leading indicators for Jun came in lower than estimated at -0.2%
Tuesday:
no reports issues
Wednesday:
There are no reports