The S&P 500 monthly is showing a close above the upper Keltner line. Today’s close is inside of last month’s range and a retest of last month’s lows held.
The monthly outlook remains bullish.
Monthly Archives: April 2017
S&P 500 Weekly Review April 24 – 28
The S&P 500 weekly is showing another close above the upper Keltner line.
Until the market shows sustained selling, the weekly outlook is bullish.
S&P 500 Weekly Review April 17 – 21
The S&P 500 weekly is showing another close in the upper Keltner channel. Despite rallying from last week lows, the close did not exceed the upper Keltner line.
In addition, one of the oscillators still shows a sell signal.
The weekly outlook remains neutral to bullish.
S&P 500 Weekly Review April 10 – 14
The S&P 500 weekly is showing a close in the upper Keltner channel. One of the oscillators is showing a sell signal.
Despite the sell signal, the weekly out look remains neutral to bullish.
S&P 500 Weekly Review April 3 – 7
The S&P 500 weekly is showing a potential sell signal, however, the market managed closed near the upper Keltner channel.
I suspect weakness will come into the market if the sell signal confirms next week.
The weekly outlook is neutral to bullish.