The S&P 500 weekly is showing a continuation of the sell off from the previous week. Despite the heavy sell off, the market rallied back to the middle keltner avg at the end of the week.
The weekly outlook is neutral.
The S&P 500 weekly is showing a close in the upper Keltner channel. On continued weakness, 1948 may be tested, while a rally could test new highs.
The weekly outlook is neutral to bullish.