Monthly Review S&P 500 Monthly Review – August 2016 September 1, 2016 itsgold The S&P 500 monthly is showing a close slightly lower than July. However, a higher high for the year was tested. The monthly outlook remains neutral to bullish.
Monthly Review S&P 500 Monthly Review July 2016 July 31, 2016 itsgold The S&P 500 monthly is showing a close above previous highs. If strength continues to show, the market may test 2235. While a sell off may retest 2138. The monthly outlook is neutral to bullish.
Monthly Review S&P 500 Monthly Review June 2016 July 1, 2016 itsgold The S&P 500 monthly is still showing a close in the upper Keltner channel. Buyers are still accumulating equities near the 2000 level. The market outlook is neutral to bullish.
Monthly Review S&P 500 Monthly Review May 2016 May 31, 2016 itsgold The S&P 500 monthly is showing another close in the Upper Keltner channel. A retest of last month’s high is imminent. The monthly outlook remains neutral to bullish.
Monthly Review S&P 500 Monthly Review April 2016 April 30, 2016 itsgold The S&P 500 monthly is showing another close in the upper Keltner channel. Resistance is still present above 2100. Until the index shows a sustained rally or sell off, the monthly outlook is neutral to bullish.