| 2020-10-16 15:34:14|
XLK, XLY… 15:34 10/16 10/16/20
On The Fly: Weekly technical notes for S&P 500
For the week the S&P 500 (SPX) is set to end moderately higher against last Friday's close, but well below the highs set on Monday. Based on the current price of 3495, resistance will be in the range of 3500-3550. Support will be in the range of 3480-3440. The best performing sectors over the prior week were Technology (XLK) and Consumer Discretionary (XLY). The worst performing sectors were Energy (XLE), Financials (XLF), and Health Care (XLV).