The S&P 500 weekly is showing continued weakness. Until I see some signs of strength, my outlook is neutral to bearish.
October 22 – 26 Weekly Review
October 15 – 19 Weekly Review
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.