S&P 500 Weekly Chart: What Happens When a Trendline Is Broken?

Apparently, I am obsessed with S&P 500 tonight.  I just drew some trendlines on the weekly chart.  I think I found something interesting.

Is the trendline really broken this time?  It appears to be for now.  However, if the S&P can close above 3820 tomorrow, the trendline is not really broken per se.  The bull vs. bear fight will drag on.  

Leave a comment

Your email address will not be published.