The first 10 trading days have passed and the following price range is being tracked.
For the ES contract, the opening range is 1471 – 1438
The NQ opening range for the 1st half of the year is 2750 – 2686.
The S&P 500 Weekly is showing a test of the upper keltner line and making new highs. If the weekly bar closes above 1480 cash next week, either an intermediate uptrend is in progress or a top is forming in the next few weeks.
My outlook remains neutral to bullish.
The S&P 500 weekly has confirmed the buy signal. As long as the weekly chart closes above 1440, the buy signal is valid. I expect 1481 to be tested at some point.
My weekly outlook remains neutral to bullish.
The S&P 500 Weekly is showing a unconfirmed buy signal. If price action manages to hold support near 1430, I expect 1477 or higher to be tested.
My outlooks is neutral to bullish.
The S&P 500 Monthly is showing a very wide range over the past three months. Despite this, price action took place all in the upper keltner channel, which looks more bullish then bearish. Until a close in the lower keltner channel occurs, my monthly outlook remains neutral to bullish.