The market was overbought, so the retreat appears to be normal. Despite this, the 4,110 support level appeared to be fairly firm. From here, the SP 500 should be able […]
S&P 500 FUTURES Daily Renko Chart 4/19/2021 – A Disappointing Widely Expected Pullback
Today’s pull back was insignificant although widely expected. The fall began on Sunday evening after the Asia open. It was gradual and slow and tiny. In the final half an hour […]
S&P 500 FUTURES Daily Renko Chart 4/16/2021 – RSI Is Approaching 100.
Below is the S&P 500 Futures daily Renko chart. The RSI is 97, and the price is 4176. The index continued to be resilient and a correction seemed impossible. The […]
S&P 500 FUTURES Daily Renko Chart 4/15/2021 – Up and up We Go. Let’s Party.
Below is the S&P 500 Futures Daily Renko chart. No changes. Currently, the RSI is 95 when the Price is 4128. If today is another up day, it’s simply pushing […]
S&P 500 Weekly Parabolic SAR Chart 4/14/2021 – 6 Months up and More? What a Rosy Picture for Us All.
The weekly Parabolic SAR turned bullish on the week of 10/20/2020. By 4/20/2021, it will have accomplished an incredible uptrend for 6 months without any major correction. This morning, Goldman […]