S&P 500 Weekly Review January 26 – 30

The S&P 500 Weekly is showing a close in the lower Keltner channel. The CCT indicator is also showing a close below 50. If the market sells off, 1934 may be tested, while a  rally could retest highs near 2050.

The weekly outlook is neutral to bearish.

Edit -I think this is a unconfirmed sell.