The uptrend trendline is not broken. The index closed just above it. The weekly chart tells the same story. It could be a big week next week.
Day: March 19, 2021
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….