Retail sector a red flag for S&P500

Divergence between the S&P500 and the retail sector within it is a red flag that the market may be nearing a top, says Riccardo Ronco at Aviate Global. Although the trend in the overall market remains bullish for the present, the 52-week % spread of retail/S&P has fallen sharply since the start of the year.

S&P500 bull run intact?

The uptrend in the S&P500 is still intact, according to Andy Dodd at Louis Capital Markets, despite recent calls of an approaching top in US stocks. Apart from Fibonacci levels, prices face no significant resistance levels going forward, he says.

S&P500: Bearish signals remain

Long-term signals for the S&P500 are bearish even though the uptrend remains intact, according to Andy Dodd at Louis Capital Markets. Resistance exists at 1881 and 1887.5 although significant support at 1832 and 1812 needs to be breached for a meaningful reversal.