Overview SP 500 Futures fell more than 1% today because the market was overheated recently. The Renko chart technical analysis was used to illustrate the support and resistance zone for SP 500 FUTURES today, 5/10/2021. The Renko chart uses a traditional 6-point brick size. On the upside, 4224 / 4230…
Month: May 2021
SP 500 FUTURES RENKO CHART Technical Analysis 5/7/21
Overview SP 500 roared today because the weak job numbers will keep the FED on its toes. The easy money policy will continue. I used the SP 500 Futures Renko chart for the forecast and technical analysis today, 5/7/2021. The Renko chart uses a traditional 6-point brick size. 4200 was…
SP 500 FUTURES RENKO CHART Technical Analysis 5/6/21
Overview Use the Renko chart technical analysis to determine the current trend, support and resistance for SP 500 FUTURES. What Happened SP 500 Futures spent very much of the day around 4176. However, buyers showed up once again in the last hour and went on a buying frenzy, which sent…
SDS ATM Covered Calls Update – A Buy-Write Strategy
Overview This is about the SDS stocks I bought and sold the SDS ATM Covered Calls. This is a buy-write strategy. Purchased SDS at $10 per share and sold the 6/18/21 $10 Call at $0.55 per call on 4/12/2021. SP 500 closed at 4128 on 4/12/2021. What Happened SDS is…
SP 500 FUTURES RENKO CHART Analysis 5/5 – Rebound Wanted
Overview Use SP 500 Futures Renko chart for the forecast and technical analysis today, 5/5/2021. What Happened SP 500 Futures gained some strength from the late rally yesterday. It reached 4178 high during the European session and then moved lower before the U.S. open. Throughout the day, 4176 seemed unbreakable….