2020-12-04 15:56:48 | On The Fly: Weekly technical notes for S&P 500The S&P 500 is set to close at a new life high, reaching above 3690 for the first time. Without resistance we have to speak of possible objectives instead for the coming week. A range of 3700-3750 would certainly be possible given the strength of the current rally. Support is in a range of 3680 to 3650. Sectors that performed best were Health Care (XLV), Technology (XLK), Communications (XLC), and Financials (XLF). Utilities (XLU) was the weakest sector. |
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