SP 500 Renko Chart Trading and Technical Analysis 7/29/21

Overview Renko Chart Trading The SP 500 FUTURES reached a new all-time high of 4,422, but then fell slightly before closing. The 4,380 region proved to be a strong support zone, and the index recovered from there. The daily Renko chart trading pattern clearly suggests a continued positive trend at the moment, although the upward… Continue reading SP 500 Renko Chart Trading and Technical Analysis 7/29/21

SP 500 Renko Chart Trading and Technical Analysis 7/28/21

Overview Renko Chart Trading For the past few days, the SP 500 FUTURES has been consolidating below the all-time high of 4,416. We noted on Monday that the index had climbed over 200 points in five days, indicating a strong V-shape comeback. As a result, it’s quite probable that the rally will come to a… Continue reading SP 500 Renko Chart Trading and Technical Analysis 7/28/21

SP 500 Renko Chart Trading and Technical Analysis 7/26/21

Overview Renko Chart Trading The SP 500 FUTURES has been trading upward since last Tuesday, 7/20/21, after reaching a low of 4,224. After the price stopped at around 4,380, the downward trend intensified. On Wednesday, 7/14/2021, the zone between 4,350 and 4,384 appeared to be troublesome on the 1-hour and 5-minute Renko charts. This correction… Continue reading SP 500 Renko Chart Trading and Technical Analysis 7/26/21

SP 500 Renko Chart Trading and Technical Analysis 7/16/21

Overview Renko Chart Trading On Thursday, the SP 500 FUTURES began to trade downward. The declining trend accelerated on Friday, with the index closing at its lowest level of the week-4,314. The region between 4,350 and 4,384 looked to be troublesome on the 1-hour and 5-minute Renko charts on Wednesday, but it was not apparent… Continue reading SP 500 Renko Chart Trading and Technical Analysis 7/16/21

SP 500 Renko Chart Trading and Technical Analysis 7/14/21

Overview Renko Chart Trading The SP 500 FUTURES achieved a new all-time high of 4,384 today. It has been driving up the price since Sunday evening. We did witness some back and forth action today as the bulls continued to try to gain ground and momentum, but were cautious to do so as the price… Continue reading SP 500 Renko Chart Trading and Technical Analysis 7/14/21

CC Covered Calls Buy-Write Strategy Update 7/11/2021

Overview Here’s an update on the stock symbol CC covered calls I started on 6/23/2021. Due to recent market fluctuations, I adjusted my positions on 7/8/2021. Here’s some background information on the stock and the covered call strategy. This is about the CC shares I bought and sold along with the CC OTM Covered Calls.… Continue reading CC Covered Calls Buy-Write Strategy Update 7/11/2021

SP 500 Renko Chart Trading and Technical Analysis 7/9/21

Overview Renko Chart Trading Today, the SP 500 FUTURES reached a new all-time high of 4,364. It plummeted sharply yesterday, as though a top had formed and the trend had reversed. However, this was not the case. It fell to a low of 4,279 and then began to rebound. On Wednesday, we identified the 4,280… Continue reading SP 500 Renko Chart Trading and Technical Analysis 7/9/21

SP 500 Renko Chart Trading and Technical Analysis 7/7/21

Overview Renko Chart Trading The SP 500 FUTURES hit a new all-time high of 4,353 today. It began the day with a low of 4,320 and continued to rise. Despite yesterday’s decline, the daily Renko chart analysis shows no change because the uptrend has stayed unchanged and the price is once again in record territory.┬áThe… Continue reading SP 500 Renko Chart Trading and Technical Analysis 7/7/21

SP 500 Renko Chart Trading and Technical Analysis 7/6/21

Overview Renko Chart Trading Today, the SP 500 FUTURES reached a new all-time high of 4,348 before falling back. It was in the red for most of the day. It was most likely because the recent upward trend had become overheated and overstretched. Despite today’s drop, there is no change on the daily Renko chart… Continue reading SP 500 Renko Chart Trading and Technical Analysis 7/6/21

SP 500 Renko Chart Trading and Technical Analysis 7/2/21

Overview Today, the SP 500 FUTURES reached a new all-time high of 4,347. After Thursday’s close, the futures continued to rise, and it closed around the day’s high at 4,342 on Friday. The SP 500’s technical analysis and Renko chart trading patterns suggest that the upward trend will continue. In addition, the longer-term bullish trend… Continue reading SP 500 Renko Chart Trading and Technical Analysis 7/2/21