The S&P 500 weekly has confirmed the buy signal. As long as the weekly chart closes above 1440, the buy signal is valid. I expect 1481 to be tested at some point.
My weekly outlook remains neutral to bullish.
Category Archives: Weekly Review
December 31 – January 4 Weekly Review
The S&P 500 Weekly is showing a unconfirmed buy signal. If price action manages to hold support near 1430, I expect 1477 or higher to be tested.
My outlooks is neutral to bullish.
December 24 – 28 Weekly Review
The S&P 500 Weekly is showing another close in its recent weekly range. A multi week advance or decline should result from this consolidation. Until then, my outlook remains neutral.
The following daily charts for the Nasdaq 100 eMini futures and S&P 500 eMini futures are of important note for the H3 contracts.
1446 – 1391 is the opening range for ESH3 contract.
2714 – 2594 is the opening range for NQH3 contract.
December 17 – 21 Weekly Review
The S&P 500 weekly is showing the a close above the middle keltner line. If strength continues to show, I expect a buy signal. My outlook is neutral to bullish.
December 10 -14 Weekly Review
The S&P 500 weekly closed in the same range as the last 3 weeks. Until I see a decisive close above or below the middle keltner line, my outlook is neutral.