The S&P 500 weekly is showing another close inside of the range between 1840 – 1880. Until a sustained break out of this range is achieved, the outlook remains neutral to bullish.
The Nasdaq 100 is showing the first possible sell signal in almost 13 months. Confirmation of a multi-week sell off is if the market consistently closes in the bottom channel or underneath the lower keltner line, currently near 3439.
Outlook for the NASDAQ 100 is neutral to bearish.
The S&P 500 weekly is showing another negative close. The sell signal from last week has been confirmed on the close below last week’s range. On a counter-trend rally, 1638 may be retested, while a continued sell off will test 1524. My weekly outlook is neutral.
The S&P 500 weekly is showing a unconfirmed sell signal. Another weekly close lower or at current levels would confirm the sell. The weekly outlook is neutral to bullish.
The S&P 500 Weekly is showing a sell signal on one of the oscillators. Another weekly close down will confirm that a continuation of a sell off will occur in the next few weeks. In the event of a sell off, I expect 1352 to be tested.
My weekly outlook is neutral.