This is an interesting observation here on the S&P 500 Monthly Chart and its relationship to the Parabolic SAR indicator. During the past 10 years, in each period of the uptrend identified by the Parabolic SAR indicator, I noticed the price of the index gradually got farther away from the…
Day: March 4, 2021
SP 500 Weekly – Parabolic SAR Turned Bearish but Is It Correct
SP500 Weekly Parabolic SAR turned bearish. Market reacted negatively because of Powell’s comment. It’s a healthy correction, and does not look like a reversal of the bullish trend at the moment. Overall, the market sentiment is still very bullish. Last week, I was suspecting that the index’s Parabolic SAR indicator…