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…
Month: July 2021
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…
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…
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,…
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…