SP 500 Forecast Today and Renko Chart Trading 11/26/21

Overview SP 500 Forecast Today and Renko Chart Trading Despite the fact that the all-time high was still at 4,718 on the Renko daily chart, the all-time closing price on the Renko daily chart remains at 4,704. On Friday, the $SPX, unable to reach new highs due to the COVID scare, took a sharp turn… Continue reading SP 500 Forecast Today and Renko Chart Trading 11/26/21

SP 500 Forecast Today and Renko Chart Trading 11/19/21

Overview SP 500 Forecast Today and Renko Chart Trading The all-time closing price on the Renko daily chart is now at 4,704, despite the fact that the all-time high was still at 4,718. After bouncing back up from the 4,630 level, the $SPX surged nearly 90 points higher. According to the trading patterns on the… Continue reading SP 500 Forecast Today and Renko Chart Trading 11/19/21

SP 500 Forecast Today and Renko Chart Trading 11/12/21

Overview SP 500 Forecast Today and Renko Chart Trading The all-time closing price on the Renko daily chart is currently at 4,692, despite the fact that the all-time high is 4,718. The recent retracement recorded a low near the 4,630 mark, and the S&P 500 was able to bounce back up from that level based… Continue reading SP 500 Forecast Today and Renko Chart Trading 11/12/21

How to Make Use of Covered Calls in a Bear Market

The Purpose of Covered Calls Selling in a Bear Market Long-term investors, especially those who are nearing or in retirement, can find a bear market hard to deal with, especially when the market goes down. Bear markets can wipe out multi-year profits, which can be devastating for elderly retirees who have less time to invest.… Continue reading How to Make Use of Covered Calls in a Bear Market

SP 500 Renko Chart Trading and Technical Analysis 11/10/21

Overview Renko Chart Trading On November 5, the $SPX reached a new all-time high of 4,718 before retracing its steps and ending slightly below 4,700. When looking at the daily Renko chart, it was never able to close above the 4,700 mark. Currently, the all-time closing on the Renko daily chart is 4,692. In spite… Continue reading SP 500 Renko Chart Trading and Technical Analysis 11/10/21

SP 500 Renko Chart Trading and Technical Analysis 11/5/21

Overview Renko Chart Trading The $SPX spiked to new highs before backtracking and finishing just below 4,700. The all-time high was reached during today’s session before the market retraced little, and it is currently around 4,718. On the Renko daily chart, the all-time close is 4,692. Higher highs are forecast based on Renko chart trading… Continue reading SP 500 Renko Chart Trading and Technical Analysis 11/5/21