S&P 500 Daily – A Closer Look at the Trendlines

 The uptrend trendline from 10/30/2020 appears to be broken.  

Untitled1  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.

Untitled1  The uptrend trendline from 10/30/2020 appears to be broken.  

On the Weekly chart, it closed below the trendline.

Untitled1  The uptrend trendline from 10/30/2020 appears to be broken.  

Currently, we have the Dow, which just made the all time high today.  NASDAQ is the weakest.  S&P 500 is somewhere in between.  These 3 indices appear to be diverged.  What does it mean?

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