Category Archives: Weekly Review

S&P 500 Weekly Review February 3 – 7

The S&P 500 Weekly is showing a close up. Despite testing lows near the lower Keltner channel, the market rallied past Mondays open and closed near the previous week’s high. A market rally may retest 1834 or higher, while a sell off below 1782 would retest the lower Keltner channel near 1732

The weekly outlook remains neutral.

S&P 500 Weekly January 20 – 24

The S&P 500 weekly is showing the first sell off for the year. The weekly close is also below the 6 month OR low, near 1815. If weakness continues to show, 1773 or lower could be tested, while a rally could retest 1823 or higher.

The weekly outlook is neutral to bullish.