Dow Jones and S&P 500 Jones prospects: As losses rise. This suggests that there might be additional losses in the coming days.

The Dow Jones and S&P 500 have been declining lately

The Dow Jones and S&P 500 reached their lowest marks since the end of March in recent days.  The Wall Street stocks have been trending downward. Retail traders have increased their upside exposure in reaction.  which frequently serves as an indication that the stock market may experience additional pain in the future.

Bearish Dow Jones Sentiment Prediction

Approximately 37% of retail investors are net-long the Dow Jones. Since most of them are still skewed negatively. This indicates values could keep on rising in the future. This is because upward sensitivity is currently up 10.41% from a week. ago.  But down 1.59% from yesterday. The present shifts in sensitivity signal a potential extension of the Dow Jones’ current decline.

The technical outlook for the Dow Jones

The Dow Jones has deviated below the 20-day Simple Moving Average (SMA) on the daily graph. This comes after many careful declines that took place since the start of April. At this time, 32709, the 38.2% Fibonacci retracement mark has been revealed. Following that is the crucial support zone between 31738 and 32017. The April top at 34275 comes into view as the price turns back above the SMA.

Bearish S&P 500 Mood Outlook

Approximately 39% of retail traders now net-long the S&P 500, This suggests that prices could go up more in the future. Because the majority of investors are still inclined downward. However, as contrasted with Wednesday as well as last week. The bearish exposure has fallen by 1.67% and 0.94%, accordingly. In light of this, recent positioning adjustments signal to suggest the present price pattern may keep on declining. This mood may alter after today’s US GDP and Core PCE.

S&P 500 Technical Analysis

The S&P 500 proved a breakthrough below the 20-day SMA on the daily graph. The 23.6% Fibonacci stretch level at 4005 has also been made visible by this. Assuming this one was cleared, the low point from March at 3839 may be replayed. Alternatively, more upside would shift attention towards the April 18th top of 4164 in the case of a move upward.