STOCK CHART -S&P500 DAILY CHART

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S&P500 : The short term uptrend in this index seems to be over.  Momentum oscillators are almost into the negative territory that no fresh short-term long positions would be advised in such a scenario.  However, it would be too early for Medium to Long term investors to throw in the towel.

Immediate strong support for [...]

S&P500: WEEKLY OUTLOOK

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S&P500 or $SPX or ^GSPC is waiting for some triggers that are not in sight in the near future.  Until then it would be just a lacklustre trade with some volatility caused by economic data from time to time.  Notable this week would be:-
1. Existing Home sales on the 23rd
2. FED rate, Durable goods [...]