The S&P 500 weekly is showing another close under the upper Keltner line.
Based on the inside range for the last two weeks, either a bottom may be forming or another consolidation before the next leg down.
The outlook is bearish.
The S&P 500 weekly is showing a close outside of the lower Keltner line. The sell off has created uncertainty in the near and intermediate term future.
The weekly outlook is bearish.
The last two weeks have shown an amount of selling that’s triggered stop limits in my investment and trading accounts.
As a conservative trader, positions are being reduced and cash has been raised.
The outlook is bearish.
The S&P 500 monthly is showing a close in the upper Keltner channel.
The monthly outlook is neutral to bullish.