The S&P 500 weekly is showing another close in the upper Keltner channel. Until the market breaks and holds above the upper Keltner line near 2086 or sells off below 1994, the weekly outlook remains neutral to bullish.
The S&P 500 weekly is showing another close in the upper Keltner channel. The upper Keltner line has been sold 3 times in the last 3 weeks. Resistance is near 2085, while a test of support will happen around 1993-2040.