| 2021-01-15 16:06:23|
XLK, XLB… 16:06 01/15 01/15/21
On The Fly: Weekly technical notes for S&P 500
The index is set to end down for the week, a rare loss in recent market terms. With the S&P 500 last at 3770, the support range in the coming week is 3760-3720. With both a holiday-shortened week next week and a deluge of earnings, forecasts in either direction could easily be overshot. Resistance is in the range of 3775-3825. Consumer Staples (XLP), Technology (XLK), and Materials (XLB) were the weakest sectors. The strongest were Energy (XLE) and the Financials (XLK).