| 2021-04-09 15:54:18|
XLE, XLF… 15:54 04/09 04/09/21
On The Fly: Weekly technical notes for S&P 500
At time of writing the S&P 500 (SPX) is set to end with a large gain after a steady week of stairsteps higher following the breakout above 4000. With the last price at 4120 there is no resistance. A possible run to 4140-4200 could be in the cards. The run higher is so new that support has not yet been established. Possible support is in the range of 4100-4025. Technology (XLK), Consumer Discretionary (XLY), and Financials (XLF) were the best performing sectors. The weakest sector was Energy (XLE).