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The Stock Market Outlook For This Week (S&P 500 50-Day MA Chart) – Mike Swanson (09/14/2020)

The stock market has come off of its highs so far this month and also bounced off of its 50-day moving average on Friday. That was no shock as I mentioned this key level before the open on Friday in a post. We have a Federal Reserve meeting this week on Wednesday and the market usually has a volatile spike right before or after that meeting. The market futures are up this morning so it looks like we are going to see the spike INTO the Fed meeting. That would setup a high risk of the market starting to fade again by the end of the week. But all of these potential moves must be put into context with the big picture on the technical analysis price chart of the S&P 500. I talk about that in this video update.

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