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25.03.2025 05:59 AM
Stock Market Under Threat of Decline

Yesterday, the S&P 500 stock index posted a solid gain of 1.76%, reaching the target level of 5769 (the low from January 13). At the same time, the signal line of the Marlin oscillator touched the boundary of the uptrend territory.

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This synchronization in testing key levels marks a bifurcation point—price will either reverse back toward 5516 or continue a rapid rise toward the target range of 5881–5910, where the MACD line is now entering, reinforcing this area. A daily close above 5769 will indicate the continuation of the upward trend. If today's session ends with a bearish candlestick, the bears' first target will be the support level at 5670.

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The Marlin oscillator is moving within a descending channel on the four-hour chart. As the oscillator remains in positive territory, a breakout to the upside is certainly possible. Additionally, the MACD line is turning upward, indicating the direction of the short-term trend. The current trend is upward, but confirmation is still needed.

Laurie Bailey,
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