Category Archives: Monthly Review

S&P 500 Monthly Review November 2013

The S&P 500 Monthly is showing new highs being tested along with another close up from last month. Despite being overbought, sustained weakness has not been shown this year with 9 positive closes and 2 negatives closes. Until the monthly chart shows sustained weakness, the monthly outlook remains bullish.

Monthy Review August 2013

The S&P 500 monthly is showing a close inside last month’s range, along with a new all time high that was sold. If the market continues to sell off, I expect 1586 to be retested, while a rally could retest highs near 1709. Until a monthly close below 1576 occurs, the outlook remains bullish.