The S&P 500 monthly has closed above the upper Keltner line.  Support near the upper Keltner line held again this month.

Despite a consecutive monthly close down, the monthly outlook is bullish.

The S&P 500 monthly is showing another close above the upper Keltner channel.

The monthly outlook remains bullish. This year, 10 out of the 12 months closed up. A very bullish  year for the S&P 500 .

The S&P 500 monthly closed again above the upper Keltner line.

The outlook is bullish.

The S&P 500 monthly closed again above the upper Keltner line.

The monthly outlook is bullish.

The S&P 500 monthly is showing another close above the upper Keltner channel.

The monthly outlook is bullish.