- Pivot High –4608
- Pivot Low – 4502
- Opening Range High – 4661
- Opening Range Low – 4344
The S&P 500 monthly is showing divergence from it’s bullish momentum over the last few years. However, the market has yet to break down or out of it’s current trading range. July closed slightly below last month’s open and continues to trade in the upper Keltner channel.
The monthly out look is neutral to bullish.
The S&P 500 weekly is showing a close right above the middle Keltner average. The market is still trading in a range that’s neither sustained momentum above May highs or January / February’s lows of this year.
The weekly outlook is neutral.