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 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.
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.