The S&P 500 weekly is showing another close above the upper Keltner line. If support near 1980 holds, a rally may bring the market to 2000+.
The weekly outlook is bullish.
The S&P 500 weekly is showing another close above the upper Keltner line. If support near 1980 holds, a rally may bring the market to 2000+.
The weekly outlook is bullish.
The S&P 500 weekly is showing a close in the upper Keltner channel. Further weakness should retest 1911 and a break below that level could retest levels near 1857. On a rally, 1966 could retested.
Furthermore, the week closed for the first time below the 6 month opening range for the 2nd half of the year.
The weekly outlook is neutral to bullish.