S&P 500 Weekly Review April 20 – 25

The S&P 500 weekly is showing another close in the upper Keltner channel. New highs were tested near 2120.92 cash.

In the event of a rally, 2150 may be tested, while a sell off may test recent lows near 2066. Despite new highs being tested, bullish momentum has waned since February.

The weekly outlook remains neutral to bullish.