The S&P 500 monthly is showing a close in the bottom keltner channel.
A sell signal has appeared on oscillators. The monthly outlook is neutral to bearish.
S&P 500 Monthly Review March 2020
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S&P 500 Weekly Review March 23 – 27
The S&P 500 weekly is showing another close under the upper Keltner line.
Based on the inside range for the last two weeks, either a bottom may be forming or another consolidation before the next leg down.
The outlook is bearish.
S&P 500 Weekly Review March 16 – 20
The S&P 500 weekly is showing a close outside of the lower Keltner line. The sell off has created uncertainty in the near and intermediate term future.
The weekly outlook is bearish.
S&P 500 Weekly Review March 9 – 13
The last two weeks have shown an amount of selling that’s triggered stop limits in my investment and trading accounts.
As a conservative trader, positions are being reduced and cash has been raised.
The outlook is bearish.
S&P 500 Monthly Review February 2020
The S&P 500 monthly is showing a close in the upper Keltner channel.
The monthly outlook is neutral to bullish.