D Hawkins

14
Feb

The two charts here are the updates of last week’s charts.  In the first one, the daily bars chart, we see that last week’s nascent uptrend has blossomed into a robust move.  There was a slight pullback on Thursday, from which I’m tentatively launching the new S2 for this uptrend.   I say “tentatively” because that pullback wasn’t very strong.  As the move progresses, we may get a more definitive pullback and may want to re-assign S2’s start to that one.

In the second chart here, weekly bars, we see that the accelerated uptrend that started last August continues to progress nicely, now 78% complete as shown by its TopFinder.  I’ve launched S3 from the pullback of three weeks ago.

^GSPCdailyShow

^GSPCwklyShow

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