The monthly chart is showing another close above the 2007 highs near 1576. In addition, this month’s close is in May’s range. Until I see a sustained sell off with a close below 1546, the monthly outlook remains bullish.
The S&P 500 weekly is showing a close in the upper keltner channel. On a rally, I expect 1646 to be tested, while a sell off could retest 1587 or lower. My weekly outlook is neutral to bullish.
The S&P 500 weekly is showing another negative close. The sell signal from last week has been confirmed on the close below last week’s range. On a counter-trend rally, 1638 may be retested, while a continued sell off will test 1524. My weekly outlook is neutral.
The S&P 500 weekly is showing a unconfirmed sell signal. Another weekly close lower or at current levels would confirm the sell. The weekly outlook is neutral to bullish.
The S&P 500 Weekly is showing a close above the upper keltner line. Lows near 1600 this week was bought and the week’s close was inside the previous week’s range. Until I see more weakness, the weekly outlook remains bullish.