| 2020-06-05 16:02:06|
XLF, XLE… 16:02 06/05 06/05/20
On The Fly: Weekly technical notes for S&P 500
The S&P 500 (SPX) broke through 3050 in spectacular fashion this week, set to end at time of writing near 3189. At that price, next resistance range for the coming week is 3200-3250, putting it within reach of its all-time highs. Support is at 3180-3140. The biggest sector moves came from Energy (XLE), Financials (XLF), and the Industrials (XLI). The laggard's rally. Technology (XLK) was a relative underperformer.