The S&P 500 monthly is showing another close above the Upper Keltner Line. The monthly outlook is bullish.

The S&P 500 monthly is showing another close above the upper Keltner line.  Since the breakout at the beginning of the year, the market has continued to rally.

The monthly outlook remains bullish.

The S&P 500 monthly is showing a close above the upper Keltner line. Until sustained selling occurs, the monthly outlook remains bullish.

The S&P 500 monthly closed above the upper Keltner line.  Until the market shows sustained selling, the monthly outlook remains bullish.

The S&P 500 monthly is showing a close above the upper Keltner line. Today’s close is inside of last month’s range and a retest of last month’s lows held.

The monthly outlook remains bullish.