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? […]
S&P 500 Monthly Chart – Does the force of gravity exert a downward force?
This is an interesting observation here on the S&P 500 Monthly Chart and its relationship to the Parabolic SAR indicator. During the past 10 years, in each period of the […]
SP 500 Weekly – Parabolic SAR Turned Bearish but Is It Correct
SP500 Weekly Parabolic SAR turned bearish. Market reacted negatively because of Powell’s comment. It’s a healthy correction, and does not look like a reversal of the bullish trend at the […]