Updates on the S&P 500 (SPX) four hour, daily, and monthly charts.
S&P 500 (SPX) SHORT TERM OUTLOOK: BEARISH
Switch to bullish if SPX closes below 1984.87 mid-session or 1988.20 at the close.
S&P 500 (SPX) SHORT/INTERMEDIATE TERM OUTLOOK: NEUTRAL
Bearish if SPX closes below 1940.51.
S&P 500 (SPX) INTERMEDIATE/LONG TERM OUTLOOK: BEARISH
Neutral if SPX closes above 2077.57 on Friday, September 4, 2015.
S&P 500 (SPX) LONG TERM OUTLOOK: NEUTRAL
Bullish if SPX closes above 2107.39 or bearish if SPX closes below 1972.18 on Wednesday, September 30, 2015.
After scoring the first bearish price flip in three years on the June candle bar, the ending August candle barely broke underneath the rising 21 month moving average. Despite my bias that the market will just tread water for the reminder of the year, I will respect both the bear and bull case.