S&P 500 Daily – A Closer Look at the Trendlines

 The uptrend trendline from 10/30/2020 appears to be broken.  

The trendline from 3/23/2020 is still intact.  The index closed just right on the dot.

On the Weekly chart, it closed below the trendline.

Currently, we have the Dow, which just made the all time high today.  NASDAQ is the weakest.  S&P 500 is somewhere in between.  These 3 indices appear to be diverged.  What does it mean?

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