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…
Month: June 2021
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…
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….
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…
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…