The Parabolic SAR has not changed the direction yet. S&P 500 closed above the Parabolic SAR 3775 before touched the low of 3791 on Friday. Unless there is some great news that may change the current sentiment before Monday’s open, it’s very likely the Parabolic SAR will change the direction. S&P 500 will need to… Continue reading S&P 500 Weekly Chart & Parabolic SAR – Next Week Could Be Interesting
On Sunday, 2/21, I posted the S&P 500 weekly chart and did a comparison between this wave from March, 2020 and the one from February 2016 to March, 2020. See the chart below. At that time, I thought this wave might come to an end in a week or two. I think we are getting… Continue reading S&P 500 Weekly Chart and Parabolic SAR – 3775 vs 3829 – Will the Direction Change Soon?
If history could somehow predict the future, what is your take on the S&P 500 weekly chart and the Parabolic SAR indicator below? Based on the past uptrend Parabolic SAR counts, a correction, big or small, becomes imminent when the count is near 20. Maybe within the next week or two, we’ll see some kind… Continue reading S&P 500 Weekly Chart & Parabolic SAR – Change Is Coming Soon?
I was looking at the S&P 500 monthly return chart. It used to be the 5%+ monthly return occurred after a a big dip in the previous month. However, we have had 4 over 5% monthly return in 2020. We could exclude the April one because there were 2 sharp drops prior. That still leaves… Continue reading S&P 500 Monthly Return Chart: Is a Frequent Monthly Return over 5% the New Norm?
The Parabolic SAR will probably sit at 3850 tomorrow. It’s getting close. Today’s low was 3885. Will S&P 500 drop 63 points tomorrow? It’s doubtful, considering there is really no bad news out there. The sentiment remains bullish and complacent. I also want to share a few Fibonacci extension levels charts. The first one does… Continue reading S&P 500: Parabolic SAR Moves up to 3850 Tomorrow
I applied the Parabolic SAR on the S&P 500 daily chart today. It looked quite similar to the times from January, 2020 to February 19, 2020. Based on the patterns from the past few years, when Parabolic SAR turns green, the index rises between 100 and 300 points. Each period lasts from 10 to 25… Continue reading S&P 500: Parabolic Time/Price SAR – A Few More Days to Go?
Out of curiosity, I was thinking if Excel could forecast the stock market. We know Excel’s Forecast is a function of making predictions by using the historical data and analyzing trends. Can the S&P 500 historical data shed some light on the future? Maybe or maybe not. I would like to think so because the… Continue reading An Excel Forecast: Can S&P 500 Monthly Closes Predict the Future?
The 2-year chart below compares the S&P 500 index to the US Dollar index, and one thing is clear: when one goes up, the other goes down-except that one followed the other between 1/31/2020 and 3/9/2020. The USD and the S&P 500 generally move in opposite directions. S&P 500 stocks are valued in USD. When the… Continue reading S&P 500 V.S. U.S. Dollar Index Forecast: A Reversal?
Yesterday, I did a February projection on the S&P 500 – between 3862, a 4% gain from the January close, and 3899, a 5% gain from the January close. Today, the index hit the high of 3894 before it closed at 3886. The 5% projection is based on the historical norm. Maybe we’ll begin to… Continue reading S&P 500 Projection – 4063
Based on the monthly statistics since 2010, S&P 500 typically closes within +5% / – 5% of the previous month close. S&P 500 closed at 3714.23 in January. Therefore, the projected February targets would land on 3682.80, a 4% gain, or 3899.95, a 5% gain. This does not mean the index cannot go any higher,… Continue reading S&P 500 Analysis and Forecast February 2021 – 3862.80 to 3899.95