| 2021-05-07 15:49:33|
XLRE, XLY… 15:49 05/07 05/07/21
On The Fly: Weekly technical notes for S&P 500
At time of writing the S&P 500 was off its session highs but still set to close at a new all-time high. With price last at 4233, there is no resistance overhead. A possible upside range for next week would be 4240-4300. Support is in the range of 4220-4160. The leading sectors for the week were Basic Materials (XLB), Energy (XLE), and the Financials (XLF). On the downside the weakest sectors were Technology (XLK), Consumer Discretionary (XLY), and Real Estate (XLRE).