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 […]
S&P 500 Daily – Make or Break Soon
The strength from the NASDAQ & Dow helped the S&P 500 jump above 3900 today, but closed at 3875 in the end. It’s really at the cross road. The index […]
S&P 500 Daily – A Closer Look at the Trendlines
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. […]