Overview Technical Analysis and Forecast The SP 500 FUTURES stayed above 4200 on Friday and traded in a very tight range. Based on the Renko chart technical analysis and forecast, things have not changed much since Thursday, 5/27/2021. The Renko chart uses a traditional 6-point brick size. On the upside,…

Overview Technical Analysis and Forecast The SP 500 FUTURES traded lower overnight, but moved sharply higher during the U.S. session. It looks as though it has finally stood firmly above 4200. Based on the Renko chart technical analysis and forecast, things have looked better to the upside. The Renko chart…

Overview Technical Analysis and Forecast The SP 500 FUTURES traded in a narrow range today. Neither the bulls nor the bears wanted to make a move. It was confined between 4180 and 4204. The immediate resistance 4200 needs to be broken in order for the bulls to push the price…

Overview Renko Chart Technical Analysis SP 500 FUTURES was once again unable to break above the strong resistance level at 4176 and ended lower for the day. During the overnight sessions, it was confined in a 20-point range. Shortly after the U.S. open, it reached 4184; however, it ran out…

Overview SP 500 FUTURES was unable to break above the strong resistance level at 4176 and fell below the important support zone, 4128 / 4110, decidedly yesterday. The selling pressure continued today. It reached as low as 4056 before it bounced off the low. It did break below the uptrend…