VOO

VOO has broken below its 50 SMA, confirming a sequence of lower highs and lower lows, and short-term EMAs are sloping downward with price trading below, signaling active supply dominance. While the long-term trend remains intact via the upward-sloping 200 SMA, medium-term structure is bearish. Short-term momentum favors continuation lower, and selling into minor rallies is advised, with caution around potential support at the 200 SMA and oversold conditions.

• ↑JPMorgan’s 8,000 S&P target, fueled by rising AI spending, may drive VOO gains.
• ↑10-day/50-day MA crossover indicates 86% probability of continued upward momentum.
• ↓S&P 500’s 27.5× PE ratio suggests the market may be overvalued.