Below we highlight our trading range charts of the S&P 500 and its ten sectors as of yesterday's close. The green shading represents between 1 and 2 standard deviations below the 50-day moving average and vice versa for the red shading. As shown, the S&P 500 is currently in neutral territory, trading just below its 50-day moving average.

Spxte

The Financial sector is the only one trading slightly in oversold territory, while Energy, Consumer Staples, Materials and Utilities are in the red zone.

Finlindu

Inftenrs

Condcons

Hlthmatr

Utiltels

Bespoke Investment Group

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