The S&P 500 weekly is showing a close near previous highs at 1687. If the highs are broken, 1703 could be tested, while a sell off could retest 1662 or lower. My weekly outlook is bullish.
The opening range for the next six months has completed. They are the following:
ES Futures:
- High: 1674.25 ES
- Low: 1594.25
- Pivot High: 1658.50
- Pivot Low: 1634.25
S&P 500 Cash
- High: 1680
- Low: 1604
- Pivot High: 1667
- Pivot Low: 1642
I will be watching these numbers closely in the weeks to come.