| 2021-10-22 15:55:36|
XLF, XLY… 15:55 10/22 10/22/21
On The Fly: Weekly technical notes for S&P 500
The S&P 500 (SPX) had a strong rally week in which the cash index touched an all-time new high of 4559.67. Price has since come in from that level. The new high becomes the starting point next week for resistance as the sole remaining level. Support will be in a range of 4540-4480. For the week the strongest sectors were Financials (XLF), Consumer Discretionary (XLY), Health Care (XLV), and the Industrials (XLI). No sectors finished in the red.