Overview Renko Chart Trading and Technical Analysis The objective is to make Renko chart trading simple. Today, the SP 500 FUTURES reached a new all-time high of 4,291, while the Renko chart’s record closing stayed at 4,284. The SP 500 continued to advance gradually today, but it was a touch bumpy. The trading range remained… Continue reading SP 500 Renko Chart Trading and Technical Analysis 6/29/21
Month: June 2021
SP 500 Renko Chart Trading and Technical Analysis 6/25/21
Overview Renko Chart Trading and Technical Analysis Today, the SP 500 FUTURES reached a new all-time high. The SP 500 continued to rise steadily throughout the day on Friday. We should keep a watch on the situation in the coming days to see whether prices will climb further. So far, no spectacular breakout has occurred,… Continue reading SP 500 Renko Chart Trading and Technical Analysis 6/25/21
SP 500 Technical Analysis and Forecast Renko Chart 6/24/21
Overview Technical Analysis and Forecast Today, the SP 500 FUTURES hit an all-time high. The SP 500 began to rise modestly overnight after yesterday’s closing. During the US session, it surpassed the previous high. Despite being in record territory, the SP 500 is just slightly higher than the prior high. We should keep an eye… Continue reading SP 500 Technical Analysis and Forecast Renko Chart 6/24/21
Sold Chemour Stock OTM Covered Calls to Make Money
Overview This is about the CC stocks I purchased and sold the CC OTM Covered Calls. CC is The Chemours Company’s symbol. This is a buy-write strategy. Wilmington, Delaware-based The Chemours Company is a major supplier of performance chemicals that are used in a wide range of end-products and processes. Chemours began operations as a… Continue reading Sold Chemour Stock OTM Covered Calls to Make Money
SP 500 Technical Analysis and Forecast Renko Chart 6/22/21
Overview Technical Analysis and Forecast On Sunday, we began trading the SP 500’s September FUTURES contract. The figures in the technical analysis may vary somewhat, but the general picture and the forecast remain the same. Since Sunday, the SP 500 FUTURES has made a significant comeback. It did drop to a low of 4120 overnight,… Continue reading SP 500 Technical Analysis and Forecast Renko Chart 6/22/21
SP 500 Technical Analysis and Forecast Renko Chart 6/18/21
Overview Technical Analysis and Forecast During the overnight sessions, the SP 500 FUTURES were flat. It was unable to break through the resistance zone of 4,224 to 4,230. When the US market opened, it began to fall. It eventually closed at the low of the day. The Renko chart’s technical analysis and forecasts continue to… Continue reading SP 500 Technical Analysis and Forecast Renko Chart 6/18/21
SP 500 Technical Analysis and Forecast Renko Chart 6/17/21
Overview Technical Analysis and Forecast The SP 500 FUTURES found support at 4,190. It then recovered and reached a high of 4230. The price then fell again, retested the 4,190 level, and rebounded from there. It moved in a zigzag pattern. The technical analysis and forecasts of the Renko chart continue to indicate that things… Continue reading SP 500 Technical Analysis and Forecast Renko Chart 6/17/21
SP 500 Technical Analysis and Forecast Renko Chart 6/16/21
Overview Technical Analysis and Forecast The SP 500 FUTURES opened the day at 4251 and then moved into a tight 10-point range until the FED announced its rate decision. The price dropped swiftly and sharply after the announcement. It fell to 4200 before beginning to recoup some of its losses. Based on the technical analysis… Continue reading SP 500 Technical Analysis and Forecast Renko Chart 6/16/21
SP 500 Technical Analysis and Forecast Renko Chart 6/14/21
Overview Technical Analysis and Forecast Today, the SP 500 FUTURES managed to close at an all-time high. It was in the red for the majority of the day. It miraculously surged higher in the closing hour of trading and closed at a new all-time high. More highs are expected now that it has surpassed the… Continue reading SP 500 Technical Analysis and Forecast Renko Chart 6/14/21
SP 500 Weekly Chart Parabolic SAR Cycle Analysis
Overview Parabolic SAR Cycle Analysis The purpose of this post is to examine the weekly chart of the SP 500 [$SPX] using the Parabolic SAR indicator and Cycles, i.e. Parabolic SAR Cycle Analysis, to see if we can make sense of the SP 500 price patterns and trends. What is Parabolic SAR? The Parabolic SAR… Continue reading SP 500 Weekly Chart Parabolic SAR Cycle Analysis