| 2021-07-23 15:59:37|
XLF, XLB… 15:59 07/23 07/23/21
On The Fly: Weekly technical notes for S&P 500
The S&P 500 (SPX) after a brutal week reversed sharply to end at at new life high. At the current price of 4414, there is no overhead resistance. For next week a possible push would be to the 4425-4500 area. Support will be in the range of 4400- 4350. For the week the strongest sectors were Health Care (XLV), Technology (XLK), Communications (XLC), and the Industrials (XLI). Weakest sectors were Energy (XLE), Basic Materials (XLB), and the Financials (XLF).