S&P 500 could not have closed at a better spot. It closed right on the uptrend trendline. 3889, the closing price vs 3885, the Parabolic SAR. What’s going to happen next?
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Navigating Market Uncertainty with Renko Chart Analysis: A Personal Perspective on S&P 500 and Global Events
Disclaimer: The views expressed in this article are my personal opinions and should not be considered financial advice. Always conduct your research and consult with a financial professional before making investment decisions. In the current landscape of financial markets, where uncertainty looms large, adopting a Renko chart analysis approach can…
S&P 500 Daily Chart & the Parabolic SAR Analysis 3/27/2021 – Decidedly Moved Higher Again
Dramatically, S&P 500 led the way on Friday and closed 1.66% higher. In fact, yesterday’s close was a all-time-high close at 3974.54; 0.42 points higher than the close, 3974.12, on 3/17/2021. The Parabolic SAR indicator is currently at 3981.28. It is very likely the trend will change again and become…
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 is still below the purple trendline from the 10/30/2020 low. However, the index is confined within the green trendline from…