The monthly chart is showing another close above the 2007 highs near 1576. In addition, this month’s close is in May’s range. Until I see a sustained sell off with a close below 1546, the monthly outlook remains bullish.
The S&P 500 monthly is showing the potential to test 2007 highs near 1576 or even new highs near 1598. Until I see signs of weakness, my monthly outlook remains bullish.