S&P 500 Weekly Review July 22 – 26

The S&P 500 weekly is showing a close slightly below last week. In the event of a rally, I expect 1714 to be tested, while a sell off may retest the 1650s. The market also closed above the 2 week opening range for the 2nd consecutive week. The daily chart is showing support near 1684.

Until the market shows sustained weakness, my outlook remains bullish.

 

Analysis of the S&P 500