The S&P 500 weekly is showing a potential buy signal. A rally could break out above 2220, while a sell off could retest 2160.
The weekly outlook is neutral to bullish.
Monthly Archives: November 2016
S&P 500 Weekly Review November 14 – 18
The S&P 500 Weekly Review shows a retest of the previous week’s highs. A continued rally could retest 2214, while a sell off could retest the 2100s.
The weekly outlook is neutral to bullish.
S&P 500 Weekly Review November 7-11
The S&P 500 weekly is showing a close in the upper Keltner channel. A sustained rally could retest 2216, while a sell off could retest the 2100s or lower.
The weekly outlook is neutral to bullish.
S&P 500 Weekly Review October 31 – November 4
The S&P 500 weekly is showing a close right above the bottom Keltner line. Oscillators continue to show weakness in the market. If the market sells below 2080, the market may retest of 2043, while a rally could retest the 2120s.
The weekly outlook is neutral to bearish.
S&P 500 Monthly Review October 2016
The S&P 500 monthly is showing negative divergence. However, the October close still managed to remain the upper Keltner channel and inside the previous month’s range.
Until sustained weakness is shown, the monthly outlook remains neutral to bullish.