The S&P 500 Weekly is showing another close above support, however, resistance at 1533 was never tested. Until I see sustained weakness, my outlook remains bullish.
The S&P 500 weekly is showing another close higher, but momentum is starting to wane. The upper keltner line where tops usually occur was tested and sold. In addition, the CCT indicator is showing a possible top forming. However, a complete rejection of current price levels has not occurred and support near 1492 has not been tested yet. Until I see more signs of weakness in the market, my outlook remains bullish.