The S&P 500 monthly closed down for the month, but is still trading above the upper Keltner line. Until sustained weakness shows, the monthly outlook remains bullish.
The S&P 500 weekly is showing a complete reversal off of lows. In the event of a rally 2138 will be tested while a sell off could retest 2062 or lower.
The S&P 500 weekly is showing a close near the middle Keltner average. All indications show a neutral close for the week. A sell off could test the 1960s, while a rally could test 2130.