The S&P 500 monthly is showing another close in the upper Keltner channel. Since this review is late, the second bar is February, not the third.

Despite waning price momentum on one of the oscillators, the monthly outlooks remains neutral to bullish.

The S&P 500 monthly is showing a close in the lower Keltner channel.

The monthly outlook is neutral to bearish.

The S&P 500 monthly is showing a close in the upper Keltner channel.

The monthly outlook is neutral to bullish.

The S&P 500 monthly closed in the upper Keltner channel. One of the monthly oscillators is showing a possible sell signal, however it may also be a consolidation signal.

Despite all the panic in the news about the decline, the monthly outlook is neutral to bullish.