The S&P 500 weekly is showing another close above support, however, the weekly range did not expand. Signs of a top are starting form, but confirmation has yet to be made. My weekly outlook remains bullish.
The S&P 500 Weekly is showing a close down for the week. However, support held despite the rejection from highs the previous week. Divergences are starting to appear on both indicators, however, no sell signal has triggered. Until then, the weekly outlook remains bullish.
Bullishly, the S&P 500 weekly is showing another close above the upper keltner line, above the 2007 high and it also closed above last week’s range. This week also closed above the opening range for the ESM3 contract, which was 1558.75.
Until I see signs of weakness, my outlook remains bullish.
The S&P 500 is showing another closer above the upper keltner line. Support was tested near 1535 and held. Until I see sustained weakness, my weekly outlook remains bullish.