| 2021-06-11 15:59:47|
XLI, XLF… 15:59 06/11 06/11/21
On The Fly: Weekly technical notes for S&P 500
The S&P 500 (SPX) is set to end the week at a new closing high, last at 4242. That leaves only the life high set this week at 4249.74 as resistance. For the coming week that high with a possible push into the 4270 area or higher may be in the cards. Support will be in the range of 4230-4180. The sectors that lead this past week were Health Care (XLV), Technology (XLK), Real Estate (XLRE), and Consumer Discretionary (XLY). The weakest sectors were Basic Materials (XLB), Financials (XLF), and the Industrials (XLI).