The S&P 500 weekly is showing a close in the upper keltner channel.

Until sustained weakness is shown, the weekly outlook is neutral to bullish.

The S&P 500 weekly is showing another close in the upper Keltner channel and making a another high.

The weekly outlook remains neutral to bullish.

The S&P 500 Weekly is showing a close at highs in the upper Keltner channel.

So far the market is starting to show some bullish signs for the first half of the year.

• Multiple tests of the yearly pivot near 1955 have held.
• Closed above 2058, opening print for 2015.
• Closed above 2096.99, last year’s high. Albeit, barely.
• Closed above the six month opening range at 2072.

This is the first week the market has closed outside of the weekly consolidation that’s been happening since January.

The weekly outlook is neutral to bullish.

The S&P 500 weekly is showing another close in the upper Keltner channel. The weekly chart has yet to break its range between 2072 and 1988.

The weekly outlook is neutral to bullish.