S&P 500 Daily Chart & the Parabolic SAR Analysis 3/27/2021 – Decidedly Moved Higher Again

 Dramatically, S&P 500 led the way on Friday and closed 1.66% higher.  In fact, yesterday’s close was a all-time-high close at 3974.54; 0.42 points higher than the close, 3974.12, on 3/17/2021.   The Parabolic SAR indicator is currently at 3981.28.  It is very likely the trend will change again and become bullish on Monday, unless the… Continue reading S&P 500 Daily Chart & the Parabolic SAR Analysis 3/27/2021 – Decidedly Moved Higher Again

Uptrend Trendline Held Could Propel SP 500 Higher

Overview SP 500 continued to climb upwards.  The uptrend trendline extending from 2191 to 3233 provided a solid support today. What’s Next One thing to note is the Parabolic SAR indicator is currently at 3857.  The index is currently at 3942. Tomorrow, the Parabolic SAR will probably be at 3870 or so.  If the index is… Continue reading Uptrend Trendline Held Could Propel SP 500 Higher

S&P 500 Daily and Weekly Charts – Make Trendline And Parabolic SAR Work for You

Following yesterday’s sharp decline, the index and the Parabolic SAR indicator were both within 100 points of each other, at 3820 and 3915, respectively. Prior to the start of this week, I predicted that the index would oscillate between 3900 and 4000, giving the Parabolic SAR time to catch up. We’ll have to wait and… Continue reading S&P 500 Daily and Weekly Charts – Make Trendline And Parabolic SAR Work for You

S&P 500 Daily and Weekly – The Bullish Momentum Continued

 Just as expected, the indexes all closed higher today.  In the daily chart below, the SAR is currently at 3760.  That is about 200 points away from today’s close.  The current trend will continue.   My guess is we might begin to see a top when the Parabolic SAR rises to 3850 and closes in on… Continue reading S&P 500 Daily and Weekly – The Bullish Momentum Continued

What If S&P 500 Was Extending Its Uptrend from the week of 12/24/2018 Low

 What if the starting point was the week of12/24/2018 when the index hit the low of 2346.58. The Fibonacci projected the 100% high at 3336.  The actual high was 3394, a 58-point difference or 1.7% shy.  That’s pretty close.  Then, COVID-19 hit unexpectedly.  What if there were no COVID-19?  The market would have continued its… Continue reading What If S&P 500 Was Extending Its Uptrend from the week of 12/24/2018 Low

Dow Jones Industrial – Weekly Fibonacci Projection 32168 – 161.8%

 This is the DJIA weekly chart.  I did a Fibonacci extension projection from the 3/23/2020 low.  Interestingly, it projected a high of 32168 at the 161.8% level.  Let’s see if I did this right.  This is a weekly chart so it is not over yet.  Today, it hit the all time high of 32150.