Today’s Market Outlook:

With slightly below-average volume and range, the S&P 500® broke a six-day streak of moving higher intraday from its open to its closing price. The S&P closed below Friday’s low. As a result, its momentum line dropped to extreme lows with the near-term line moving into the chart’s lower half. The intermediate line is still slightly rising in the upper-reversal zone. And, the long-term Market Sentiment line is slightly falling at the low end of bullish territory. As usual, all the Market Forecast charts appear similar to each other.