The S&P 500 Weekly is showing retest of the middle keltner line near 1412. If 1412 holds as resistance, I expect a retest of lows, while a close above that level could signal another rally to 1465. My outlook is neutral.
The S&P 500 weekly is showing another close in the upper Keltner Channel, however, price action is still range bound despite the sell off from highs yesterday. If another weekly close down happens, I expect one of the oscillators to go to sell. In the event of a sell off, I expect 1400 to be retested.
My outlook remains neutral to bullish.