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 […]
Bollinger Bands and Renko Chart Indicate Resistance
What Happened S&P 500 Futures continued its upward correction from the recent high of 3959. From the all time high of 3959 to the recent low of 3720, 3868 is […]
Successful W Pattern Double Bottom Propels Dow DJIA Higher
What Happened In the daily Renko chart, the W pattern Double Bottom is apparent. Dow touched the low of 30560 twice, bounced off the low, and went up from there. […]
EURUSD Weekly Chart – Broken Trendline
The EURUSD moved lower this week decidedly. On the weekly chart, the uptrend trendline since 3/23/2020 is broken. The Parabolic SAR signaled the trend change a few ago. Now, it […]
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? […]