Prior Trading Day Summary
On Tue Jul 22 2025 stocks closed slightly higher on the back of a choppy session. The S&P closed up 4 points to 6309. Volume was 5.7 billion, the single highest volume day since July 8. 75% of volume was being traded higher, despite the only 4 points up by the close.
The NASDAQ closed down 81 points to end the day at 20,892. Volume was an impressive 11 billion shares with 67% of all volume being traded higher. 60% of all stocks were rising on the NASDAQ despite the closing loss..
Let’s review the technical indicators at the close on Tue Jul 22 2025 to see what to expect for Wed Jul 23 2025.
Stock Market Outlook: SPX Closing Chart For Tue Jul 22 2025
The index closed below the Upper Bollinger Band for the 12th day as it continues in a sideways trend.
The closing candlestick is bullish for Wednesday.
The 21 day moving average is rising and closed at 6222 which is bullish.
The 50 day moving average is rising and closed at 6054 which is bullish.
The 100 day moving average is rising and closed at 5942 which is bullish.
The 200 day moving average is rising and closed at 5808 which is bullish.
The Lower Bollinger Band is rising and above the 50 day moving average which is bullish. The Upper Bollinger Band is falling as a Bollinger Bands Squeeze commences on Wednesday. At present the outlook is for stocks to move higher, at least at the start of the latest Bollinger Bands Squeeze.
The SPX chart is more bullish than bearish heading into Wednesday.
SPX Stock Market Outlook review of Tue Jul 22 2025
Stock Market Outlook: Technical Indicators Review
Momentum: Momentum is falling and positive.
|
MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued a down signal on Tue Jul 15. On Tue Jul 22 2025 the down signal gained strength.
|
Ultimate Oscillator: The Ultimate Oscillator is rising.
|
Slow Stochastic: The Slow Stochastic has a down signal in place.
|
Relative Strength Index: The RSI signal is rising.
|
| Rate of Change: The rate of change signal is rising, signaling a higher close for Wednesday. 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 |
| 6325 is resistance |
| 6300 is resistance |
| 6250 is resistance |
| 6225 is resistance |
| 6200 is resistance |
| 6175 is resistance |
| 6150 is resistance |
| 6125 is resistance |
| 6100 is resistance |
| 6075 is resistance |
| 6050 is support |
| 6025 is support |
| 6000 is support |
| 5990 is support |
| 5975 is support |
| 5950 is support |
| 5925 is support |
| 5900 is support |
| 5850 is support |
| 5800 is support |
Stock Market Outlook for Wed Jul 23 2025
News overnight of a massive $500 billion trade deal with Japan will weigh heavily on stocks to start the day. A move higher or a higher close is expected.
The day will end higher on Wednesday.
Potential Economic and Political Market Moving Events
Monday:
10:00 Leading economic indicators were lower than estimated at -0.3%
Tuesday:
There are no economic reports today
Wednesday:
10:00 Existing home sales are expected to rise slightly to 229,000 from 221,000 prior