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.
Category Archives: Weekly Review
S&P 500 Weekly Review March 17 – 21
The S&P 500 weekly is showing a close in last week’s range. New highs were tested, however, they were immediately sold at the end of the week. Until the range between 1880 and 1840 is resolved, the weekly outlook remains neutral to bullish.
S&P 500 Weekly March 10 – 14
The S&P 500 weekly is showing a close inside the six month opening range. The sell off from previous highs held near weekly support close to 1836. On a rally, I expect the upper Keltner line to be tested near 1868, while a sell off through support could retest 1815.
The weekly outlook is neutral to bullish.