Following yesterday’s sharp decline, the index and the Parabolic SAR indicator were both within 100 points of each other, at 3820 and 3915, respectively. Prior to the start of this […]
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 […]
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? […]