2019-02-15 15:20:50 | On The Fly: Weekly technical notes for S&P 500The S&P 500 (SPX) is set to end the week sharply higher at time of writing, last trading above 2770. At that price the 2800-2820 area becomes the price band to watch heading into the holiday-shortened week. Support is in the 2750-2740 band established this week and which had been resistance until today. Sectors that performed best were Consumer Staples (XLP). the Industrials (XLI), Basic Materials (XLB), Technology (XLK), Communications Services (XLC), and Health Care (XLV). No sectors finished in the red, though the Financials (XLF) and Energy (XLE) relatively under-performed until today's session. |
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