S&P500 - Trendlines using the Last Week of the Quarterly Range

I don't know what to make of this, but I found it on April 24th and I saved it as a private chart because I didn't think it was anything really of interest.

It was just an observation and I've tried doing these lines with EARNINGS levels too, but I'm not one for trendlines in general because I don't believe people "THINK IN TRENDLINES".

Now that almost another month has gone by and the lines are holding, I am presenting the concept here.

The last weekly range of the quarter seems to have some impact on the next quarter. Go figure.

Cheers,

Tim

1:20PM EST May 15, 2017

Comment:

CLICK ON "UPDATE IDEA" and see what you find.