S&P 500 Weekly Review June 17-21

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.

May 27 – 31 Weekly Review

The S&P 500 closed down below last week’s range. This is a bearish development in an overall bullish trend up. On continued weakness, I suspect 1614 will be tested. Despite the weakness this week, my overall weekly outlook remains bullish.