Annual forecast for S&P 500 (2021)

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S&P 500 price (SPI:SP500) has already generated a bearish signal, following a recent bullish movement, which started in November 2020.

Price has crossed the EMA 21 to the downside and the Williams’ % Range period 20 is now sloping towards the oversold region.

The market closes below the EMA 21 and the Williams’ % Range goes into the oversold region = Sell signal.

The outlook for S&P 500 is bearish for the year 2021, as price would seriously go into the oversold territory.

 

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