Weekend Stock Market Outlook - June 21st 2020

The stock market outlook remains in an uptrend this week, but is the current rally running out of steam?

The S&P briefly dipped below the upward trendline on Monday, while the ADX "weakly" crossed-over into bullish territory.

Price ran into resistance around the 85.4% retracement level, kicking of discussions about the current count, the lack of divergence in the RSI/MACD, etc.

Watch the June 8th high and the the June 15th low for potential signal changes.

More commentary after the jump...Stock Market Outlook - Week of June 21 2020