The monthly outlook for July, which is the second to last bar, is showing another close above the upper Keltner line.

The unconfirmed buy signal on one of the oscillators is for the August bar, not the July bar.

The monthly outlook remains bullish.

The S&P 500 monthly is showing another close above the upper Keltner line. Oscillator still shows a possible sell signal.

The monthly outlook remains bullish.

S&P 500 monthly is showing divergence on one of the oscillators. Despite this, the market managed to close above the upper Keltner line.

Until the market shows sustained  selling , the monthly outlook remains bullish.

The S&P 500 monthly has closed above the upper Keltner line.  Support near the upper Keltner line held again this month.

Despite a consecutive monthly close down, the monthly outlook is bullish.