| 2018-09-21 13:25:56|
XLF, XLB… 13:25 09/21 09/21/18
On The Fly: Weekly technical notes for S&P 500
For the week the S&P 500 (SPX) is set to end near fresh all-time highs at time of writing. The index briefly rose above 2940, before some profit-taking took the index slightly below that new high. In the week ahead, a new potential high-water mark would be in the 2940-2960 area. Support is now at the 2920-2910 area, which had previously been resistance. Sectors that did best were the Financials (XLF), Basic Materials (XLB), Industrials (XLI), and Energy (XLE). The weakest sector was the Utilities (XLU).
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