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Technical Analysis of Stock Trends | Archive | March
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Archive for March, 2019

A lukewarm penetration of resistance…

Posted on Mar 20, 2019 by .

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http://schrts.co/dvPkjWWN A weekly chart of the S&P to lend context.  A bull market interrupted by two sell-offs.  Clearly manageable with a simple trendline.  Now in recovery with a new high just made.  Withal, the market not manifesting much enthusiasm and–just a short time until Brexit happens, or doesn’t happen and continual uncertainty on the investigations […]

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Still on the cliff edge of resistance…

Posted on Mar 05, 2019 by .

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http://schrts.co/FVcNdGKJ Here a two year weekly chart of the SPX.  The horizontal line gains resistance strength in the present by referring to this same level in 2018.  We have speculated on the possibility that the entire formation might be a bastard type double top, but that is probably not necessary to explain the present situation […]

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