Category Archives: Sell

S&P 500 Weekly Review January 11 -15,

The S&P 500 weekly is showing a close in the lower Keltner channel. This is the first close beneath lower Keltner channel since September 2015. Both oscillators are showing weakness and sell signal has been confirmed.  Further confirmation is if resistance holds near 1910.

The weekly outlook is bearish.

September 2014 Monthly Review

The S&P 500 monthly is showing a close inside of August’s range. Of note is the cross over in averages in the PPO indicator. First one since 2012 on the monthly chart.

If this is the beginning of a bear market, a potential retest of 1798 or lower may happen. For now, the upper Keltner line near 1918 is holding as support for the beginning of October.

The outlook remains bullish.