On The Fly: Weekly technical notes for S&P 500After a volatile ride in price, the S&P 500 (SPX) is set to end slightly higher on the week following a sharp drop below the 50-day moving average on Monday and subsequent snapback. For the coming week resistance is in the range of 4475-4525. Support is in the range of 4450-4420. Sectors that performed least well were Basic Materials (XLB), Utilities (XLU), Technology (XLK), Industrials, Consumer Discretionary (XLY), and Consumer Staples (XLP). Energy (XLE) was the standout on the upside. XLEEnergy Select Sector SPDR Consumer Staples Sector SPDR Consumer Discretionary Sector SPDR - $184.80 /
+0.615 (+0.33%) Technology Select Sector SPDR S&P Select Materials SPDR | 