Stock Market Outlook entering the Week of January 26th = Uptrend
- ADX Directional Indicators: Uptrend
- Price & Volume Action: Uptrend
- Objective Elliott Wave Analysis: Uptrend
An uptrend remains in place for the stock market outlook this week, but the signals do indicate that trend has weakened a bit.
Chart-wise, the S&P continues to plod along within the price channel we’ve been following, but remains extended from moving averages (3% above the 50-day, and ~10% above the 200-day).
Charts and more commentary after the jump…Stock Market Outlook – Week of Week of January 26 2020