The S&P 500 monthly is showing a positive close above last month’s highs and near new highs. Until the market shows signs of topping or sustained selling, the monthly outlook remains bullish.
The S&P 500 weekly is showing another close above the upper Keltner line. If support near 1980 holds, a rally may bring the market to 2000+.
The weekly outlook is bullish.
Trading Below Range
Trading Inside Range
Most of the major indexes appear to be bearish at this point.