The S&P 500 weekly is showing another weekly close in the upper Keltner channel. Until the market shows sustained weakness, the weekly outlook remains neutral to bullish.
Category Archives: Weekly Review
S&P 500 Weekly Review April 21 – 25
The S&P 500 weekly is showing another close in the upper keltner channel. The weekly outlooks remains neutral to bullish.
S&P 500 Weekly Review April 7 – 11
The S&P 500 weekly is showing a close beneath the middle Keltner line in many weeks. It is also the first close below the range between 1840 – 1880 in over a month. On further weakness, 1770 might be tested, while a rally could retest the range above 1840-1880.
The weekly outlook is neutral to bearish.
The NDX has closed in the lower Keltner channel. On a further sell off, the lower Keltner line near 3430 or a retest of previous lows near 3410 may happen. The weekly outlook for the NDX is bearish.
S&P 500 and NASDAQ 100 Weekly Review March 31 – April 4
The S&P 500 weekly is showing another close inside of the range between 1840 – 1880. Until a sustained break out of this range is achieved, the outlook remains neutral to bullish.
The Nasdaq 100 is showing the first possible sell signal in almost 13 months. Confirmation of a multi-week sell off is if the market consistently closes in the bottom channel or underneath the lower keltner line, currently near 3439.
Outlook for the NASDAQ 100 is neutral to bearish.
S&P 500 Weekly Review March 24 – 28
The S&P 500 weekly is showing another close inside of the range between 1840 – 1880. Until the market breaks out of this range, the weekly outlook remains neutral to bearish.