Selected American Stock Indexes

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  • Fri, May 08, 2020 - 03:35pm

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    mlytle0

    mlytle0

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    Joined: May 07 2020

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    Selected American Stock Indexes

First Chart (Logarithmic): $SPX hasn’t yet breached the magenta trendline, approaching it from underneath on a retest.  See arrow.

These trendlines and the price action as displayed for the $SPX, results from plotting the X-axis as a specific logarithmic function of time.

Second Chart (Conventional): $NDX at about it’s upper monthly Bollinger Bands approaching from underneath. Declining volume throughout the rally.

Risk/reward not favorable at this point.

 

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