The S&P 500 closed down 1 point to 1805.77 after touching as high as 1813. Despite the fade, the index managed to close narrowly higher on the week, marking 8 straight weeks of gains for the first time since 2004.

On the month, the S&P 500 gained 2.8%.

SP 500 monthly chart

S&P 500 monthly chart

I wrote earlier about what might happen to stocks from here. The soft close in stocks is a small red flag, as well.