2020-08-14 15:55:58 | On The Fly: Weekly technical notes for S&P 500For the week the S&P 500 (SPX) is set to end the week higher and not far from its life highs. At the last price of 3364, next resistance is in the range of 3375-3390. A move beyond 3390 next week would mark a fresh life high. Support is in the range of 3350-3325. The best performing sectors were the Industrials (XLI), Financials (XLF), Basic Materials (XLB), and Energy (XLE). Technology (XLK) underperformed. |
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