| 2020-11-20 15:38:21|
XLU, XLV… 15:38 11/20 11/20/20
On The Fly: Weekly technical notes for S&P 500
For the week the S&P 500 (SPX) made very little headway, trading in a consolidation zone since the start of the week with one brief punch higher on Monday. At the current price of 3561, resistance for the coming week is in the range of 3575-3650. Support is in the range of 3550-3510. The best performing sectors for the week were Energy (XLE), Industrials (XLI), Basic Materials (XLB), and the Financials (XLF). The worst performing sectors, finishing in the red, were Health Care (XLV) and Utilities (XLU).