On Sunday, 2/21, I posted the S&P 500 weekly chart and did a comparison between this wave from March, 2020 and the one from February 2016 to March, 2020. See the chart below. At that time, I thought this wave might come to an end in a week or two. …
Category: S&P500
S&P 500 Weekly Chart & Parabolic SAR – Change Is Coming Soon?
If history could somehow predict the future, what is your take on the S&P 500 weekly chart and the Parabolic SAR indicator below? Based on the past uptrend Parabolic SAR counts, a correction, big or small, becomes imminent when the count is near 20. Maybe within the next week or…
S&P 500 Monthly Return Chart: Is a Frequent Monthly Return over 5% the New Norm?
I was looking at the S&P 500 monthly return chart. It used to be the 5%+ monthly return occurred after a a big dip in the previous month. However, we have had 4 over 5% monthly return in 2020. We could exclude the April one because there were 2 sharp…
S&P 500: Parabolic SAR Moves up to 3850 Tomorrow
The Parabolic SAR will probably sit at 3850 tomorrow. It’s getting close. Today’s low was 3885. Will S&P 500 drop 63 points tomorrow? It’s doubtful, considering there is really no bad news out there. The sentiment remains bullish and complacent. I also want to share a few Fibonacci extension levels…
S&P 500: Parabolic Time/Price SAR – A Few More Days to Go?
I applied the Parabolic SAR on the S&P 500 daily chart today. It looked quite similar to the times from January, 2020 to February 19, 2020. Based on the patterns from the past few years, when Parabolic SAR turns green, the index rises between 100 and 300 points. Each period…