S&P 500 Update Keltner Channel has curled downward. $SPX should normally bounce off the lower Keltner, but in strong downtrends, it may just slide along the lower Keltner. The swing trend indicator, the McClellan Summation Index, is pointing downward. The McClellan Oscillator is weak and approaching oversold territory, but not there yet.
Published Jun 08, 2026Updated Jun 08, 20262 min read
S&P 500 Update Keltner Channel has curled downward. $SPX should normally bounce off the lower Keltner, but in strong downtrends, it may just slide along the lower Keltner. The swing trend indicator, the McClellan Summation Index, is pointing downward. The McClellan Oscillator is weak and approaching oversold territory, but not there yet.
