S&P 500 Weekly Parabolic Structure Has Same Bullish Verification As Seen In Monthly Chart

Geometric technical analysis of global financial markets • Sep 12, 2019 at 3:40 AM EDT

Geometric charting analysis of SP 500 weekly verifies analysis from the monthly chart published several days ago. In each case, the analysis shows a continuation higher for the long-term uptrend.

S&P 500 weekly parabolic structure has the same verification of a resumed uptrend through the EXACT parabolic curve technique as seen in the monthly chart. (2nd chart below is a monthly chart featured in post 2 days ago.) The square root of the weekly low of Nov 7, 2016 (election low) of 2.085.18 is used but divided by 10 (SQRT 208.518 = 14.44....). This figure is used for the parabolic curve structure AND the crucial price/time geometric ratio (important for angles, not the curves). (Note: These charts are made with my Hathaway Parabolic Curve tool with squares grid in my tool kit on Optuma charting platform).

(Click on image to enlarge)

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