The S&P 500 monthly is showing another close in the upper Keltner channel. Despite an attempt to sell off, price action has held near July’s upper range.
The monthly outlook remains neutral to bullish.
Monthly Archives: September 2016
S&P 500 Weekly Review September 26 – 30
The S&P 500 weekly is showing another close in the upper Keltner channel. Despite the sell on one of the oscillators, no follow through has occurred.
Until the market shows sustained selling, the weekly outlook is neutral to bullish.
S&P 500 Weekly Review September 19 – 23
The S&P 500 weekly is showing another close in the upper Keltner channel. Until a sustained sell off occurs, the weekly outlook remains neutral to bullish.
S&P 500 Weekly Review September 12 – 16
The S&P 500 weekly is showing a sell signal on one of the oscillators. A weekly close below below 50 on the bottom oscillator or a weekly close below 2105 could result in a test of 2061 or lower.
The weekly outlook remains neutral to bullish.
S&P 500 Weekly Review September 5-9
The S&P 500 weekly is showing a close in the upper Keltner channel. An unconfirmed sell signal has appeared in one of the oscillators.
The weekly outlook is neutral to bullish.