S&P 500 Opening Range 2nd Half of 2015

  • Pivot High – 2113
  • Pivot Low – 2086
  • Opening Range High – 2128
  • Opening Range Low – 2044

The last six months on the S&P 500 is showing a higher pivot range than in the 2nd half of 2014 and a close above it’s opening range high.  Overall, it still looks like major dips are being bought on the S&P 500.

S&P 500 Monthly Review July 2015

The S&P 500 monthly is showing divergence from it’s bullish momentum over the last few years. However, the market has yet to break down or out of it’s current trading range. July closed slightly below last month’s open and continues to trade in the upper Keltner channel.

The monthly out look is neutral to bullish.

S&P 500 Weekly Review July 20 – 24

The S&P 500 weekly review is showing another close in the lower Keltner channel. The closing price for this week’s bar is slightly lower than last week’s opening print and about the opening print for July, near 2077. The market has not advanced nor declined from a monthly perspective.

The weekly outlook is neutral to bearish.

S&P 500 Weekly Review July 13 – 17

The S&P 500 weekly is showing a consolidation that has lasted since February of this year. A sustained break to new highs and holding above the upper Keltner channel could result in a rally. Conversely, a sell off could break lows and eventually retest the low 1900s.

The weekly chart is showing a close near previous weekly resistance. A further rally could retest 2160 while a sell off could retest 2098 or lower.

The weekly outlook is neutral to bullish.

Analysis of the S&P 500