The S&P 500 weekly is showing a close above the middle keltner line. Another rally this week could test 1711, while a sell off could retest 1634 or lower. The weekly outlook is neutral to bullish.
The S&P 500 weekly is showing a close the middle Keltner line. A rally beyond 1664 could retest 1706, while a sell off below 1628 could test 1607 or lower.
The weekly outlook is neutral.
The S&P 500 weekly is showing a close below the middle Keltner line, while oscillators are showing a possible sell. In the event of a further sell off, 1607 – 1587 may be retested. While a rally above 1642 could retest 1702. My weekly outlook is neutral to bearish.
The S&P 500 monthly is showing a close inside last month’s range, along with a new all time high that was sold. If the market continues to sell off, I expect 1586 to be retested, while a rally could retest highs near 1709. Until a monthly close below 1576 occurs, the outlook remains bullish.
The S&P 500 is showing possible support at 1640 near the middle keltner line. On a continued rally, I expect 1700 to be rested, while a sell off could retest 1640 or lower. My weekly outlook remains neutral to bullish.