The S&P 500 Weekly closed at new highs. On the other hand, the CCT indicator is showing a potential top being made. If next week closes inside this week’s range, a possible top may be forming.
The S&P 500 Weekly is showing a test of the upper keltner line and making new highs. If the weekly bar closes above 1480 cash next week, either an intermediate uptrend is in progress or a top is forming in the next few weeks.
The S&P 500 weekly has confirmed the buy signal. As long as the weekly chart closes above 1440, the buy signal is valid. I expect 1481 to be tested at some point.