Month: October 2021

Overview Renko Chart Trading The $SPX reached fresh highs before retracing slightly and closing in the red. The all-time high, which was established during the day before the market reversed, stands at approximately 4,598. The all-time close on the Renko daily chart is 4,572. Because the $SPX is comfortably sitting…

Overview Renko Chart Trading The $SPX has risen to new highs and is now trading at all-time highs. The all-time high is near 4,560, while the Renko daily chart all-time closing is 4,548 on Friday. Higher highs are forecast based on Renko chart trading patterns and technical analysis, as $SPX…

Overview Renko Chart Trading $SPX has pushed higher and is now within striking distance of the all-time close of 4,536. $SPX reclaimed the 4,500 region with ease after breaking through a critical barrier near 4,476. According to Renko chart trading patterns and technical analysis, higher highs are expected once the…

Overview Renko Chart Trading $SPX retested the support level near 4,320 after 4,300 offered much-needed support, and it was able to regain its footing and reverse upwards. The closing above the main support level of 4,356 confirmed the formation of a short-term bottom. The Bulls appear to have the upper…

Overview Renko Chart Trading After 4,300 provided much-needed support for $SPX and 4,356 was regained, bulls appear to have the upper hand presently. For the time being, the battleground is located between 4,380 and 4,420. $SPX was unable to close above 4,404, making it appear difficult to overcome. According to…

Overview Renko Chart Trading For the time being, 4,300 provided much-needed support for $SPX, which was able to rally from there. It gained 70 points today before settling at 4,345 at the close. $SPX was forced down below the other resistance level of 4,356 after failing to get near to…

Overview Renko Chart Trading As feared, 4,380 proved to be an insurmountable barrier, and 4,356 was unable to halt the descent. The S&P 500 index has recovered after briefly falling below the psychological barrier of 4,300. The $SPX ended the day in the red, closing near the psychological level of…