The S&P 500 monthly is showing another close near new highs. Until the market shows sustained weakness, the monthly outlook remains bullish.
Monthly Archives: December 2013
S&P 500 Weekly Review December 23 – 27
The S&P 500 Weekly is showing another close near new highs.
Until sustained weakness is shown in the market, the weekly outlook remains bullish.
S&P 500 Weekly Review December 16 – 20
S&P 500 Weekly Review December 9 – 13
S&P 500 Weekly Review December 2 – 6
The S&P 500 Weekly is showing a flat close on a weekly basis. The long weekly tail from 11/18 looks similar to this week, which could be interpreted as buying pressure from those levels. If support is sustained above 1805, 1813 or new highs may be tested. On a sell off below 1780, 1769 or lower may be tested.
The weekly outlook remains bullish.