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 […]
S&P 500 Daily and Weekly – The Bullish Momentum Continued
Just as expected, the indexes all closed higher today. In the daily chart below, the SAR is currently at 3760. That is about 200 points away from today’s close. The […]
S&P 500 Parabolic SAR Turned Bullish Again
How far up can S&P 500 go this time? This is the daily chart. S&P 500 touched 3900 but did not manage to close above it on 3/9/2021; however the […]
What If S&P 500 Was Extending Its Uptrend from the week of 12/24/2018 Low
What if the starting point was the week of12/24/2018 when the index hit the low of 2346.58. The Fibonacci projected the 100% high at 3336. The actual high was 3394, […]
Dow Jones Industrial – Weekly Fibonacci Projection 32168 – 161.8%
This is the DJIA weekly chart. I did a Fibonacci extension projection from the 3/23/2020 low. Interestingly, it projected a high of 32168 at the 161.8% level. Let’s see if […]