The current trading environment is still flat on the S&P 500 (SPX) despite the one higher close recorded last week. Ultimately, the tech heavy Nasdaq (COMP) continues to hold the cards for all markets. A technical breakdown can be avoided if the Nasdaq can avoid closing prices below the daily TDST Support at 6121.29.
S&P 500 (SPX) SHORT/INTERMEDIATE TERM OUTLOOK: BEARISH
Neutral if daily SPX closes above 2439.07 (weekly price flip) on the close of Monday, June 26, 2017
S&P 500 (SPX) INTERMEDIATE/LONG TERM OUTLOOK: BULLISH
Neutral if weekly SPX closes below 2439.07 on Friday, June 30, 2017
S&P 500 (SPX) LONG TERM OUTLOOK: BULLISH
Neutral if monthly SPX closes below 2363.64 on Friday, June 30, 2017