| 2021-03-05 16:03:58|
XLE, XLK… 16:03 03/05 03/05/21
On The Fly: Weekly technical notes for S&P 500
The S&P 500 (SPX) is set to end the day not far from where it settled last week. In between last Friday and today the action was the most volatile that has been seen in some time. Energy (XLE) ends the week as the leader and Technology (XLK) the laggard. With price last at 3840 the resistance range for next week will be 3850-3950. This would put price back at the high of the monthly price channel. Support is in the range of 3830-3750.