“Line Break Chart” important Weekly Support at 2810

S+P 500 has closed above 2810 on 3/15/19, the high of the Feb 2018 Weekly Red Bar,
shown here on a Line Break Chart,thus rendering a Weekly Buy Signal.

Japanese” Line Break” charts disregard time,
and instead simply use closing price only, in green/red Buy/Sell bars to determine trend.

it’s revealing to note that the Daily Opening Price on 3/15/19 was at 2810,
and then,the market took off from there to the upside.

S+P is currently tagging the lower VIX Bollinger Band ,
so a exhaustion setup as witnessed by Friday’s late sell off is possible soon.

Bottom Line Here.
Watch the 2810 level in the S+P 500. It is now Important Support.
A Weekly Close Below 2810 would trigger an Important” Line Break” Sell Signal going forward.

SPX Last 2822.48

Mountains/New York

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