| 2020-09-25 15:46:33|
SPY, XLY… 15:46 09/25 09/25/20
On The Fly: Weekly technical notes for S&P 500
For the week the S&P 500 (SPX) is set to finish near its highs. With price last at 3303, resistance for the coming week will be in the range of 3325-3375. Support will be in the range of 3275-3210. Despite the snapback in price, no sectors are set to finish strongly positively on the week. The worst performers were Energy (XLE), Financials (XLF) and Basic Materials (XLB). Relative strength was in Technology (XLK) and Consumer Discretionary (XLY).