The S&P 500 weekly is showing another full green bar. In the event a rally, 2033 may be tested, while a sell off could retest the 1960s.
The weekly outlook is neutral to bullish.
The S&P 500 Monthly is still showing divergence despite the long tail on October’s monthly bar. The lows near 1826 were bought all the way back up highs last month.
In order to change sentiment to neutral, a monthly close beneath 1800 needs to be seen.
Until sustained weakness is shown, the monthly outlook remains bullish.