The S&P 500 monthly review is showing a close above the upper keltner line at 1492. Until I see weakness, my monthly outlook is now bullish.
The S&P 500 monthly is showing a close above resistance near 1490. This is very bullish on a monthly basis. If support holds, this may be a sign that highs near 1576 may be retested. In the event that highs are rejected with a selloff below 1390, 1420 will be retested.
My monthly outlook is bullish.