All posts by itsgold

S&P 500 and NASDAQ 100 Weekly Review March 31 – April 4

The S&P 500 weekly is showing another close inside of the range between 1840 – 1880. Until a sustained break out of this range is achieved, the outlook remains neutral to bullish.

The Nasdaq 100 is showing the first possible sell signal in almost 13 months. Confirmation of a multi-week sell off is if the market consistently closes in the bottom channel or underneath the lower keltner line, currently near 3439.

Outlook for the NASDAQ 100 is neutral to bearish.

 

S&P 500 Weekly March 10 – 14

The S&P 500 weekly is showing a close inside the six month opening range. The sell off from previous highs held near weekly support close to 1836. On a rally, I expect the upper Keltner line to be tested near 1868, while a sell off through support could retest 1815.

The weekly outlook is neutral to bullish.