The S&P 500 weekly is showing another close in the upper Keltner channel. Oscillators are showing a possible buy signal. A rally could retest 2200+ while a selloff could retest 2160 or lower.
The weekly outlook is neutral to bullish.
The S&P 500 weekly is showing a close above last week’s range. This is the 3rd consecutive week that market has closed above the opening range and made a new all time high. Until I see sustained weakness, my outlook remains bullish.
The S&P 500 Weekly is showing a unconfirmed buy signal. If price action manages to hold support near 1430, I expect 1477 or higher to be tested.
My outlooks is neutral to bullish.